SunStar Crisis or not: Cash management services help business thrive during pandemic
BDO. Alex Ong, who owns Transorient Container Terminal Services (TCTS), said BDO’s cash management services allowed his company to continue its operations despite quarantines. (Contributed photo)
BDO. Alex Ong, who owns Transorient Container Terminal Services (TCTS), said BDO’s cash management services allowed his company to continue its operations despite quarantines. (Contributed photo)
BDO. Alex Ong, who owns Transorient Container Terminal Services (TCTS), said BDO’s cash management services allowed his company to continue its operations despite quarantines. (Contributed photo)
+ January 11, 2021 SMALL and medium enterprises (SMEs) serve as the lifeblood of the economy. Thus, support for these enterprises is essential to keep the economy going.
Published January 7, 2021, 10:49 AM
RCL’s M/V PIRA BHUM during its maiden call at MCT on December 19, 2020.
Mindanao Container Terminal (MCT) just launched a Regional Container Line (RCL) South Philippines 6 (RSP6) service linking Visayas and Mindanao to Asia and the Middle East via Singapore in a “product super highway.”
Launched locally via RCL’s Southern Philippine agent Eagle Express Lines, the fixed-day weekly service made its first port call to MCT on December 19, 2020 with the 628-TEU MV Pira Bhum.
The service, operated by two vessels, covers the Singapore – Cebu – Cagayan – Singapore route.
The vessels turn in Singapore, which serves as a transhipment hub and provides connections from Cebu, Cagayan de Oro, and Zamboanga to other Southeast Asian markets, the Indian subcontinent and the Middle East, as well as markets further north such as China and South Korea.
Photo: ICTSI The Mindanao Container Terminal (MCT) in the Philippines has welcomed the start of a new Regional Container Lines’ (RCL) service connecting the Philippines’ Visayas and Mindanao regions to Asia and the Middle East via Singapore.
Launched in the Philippines through RCL’s Southern Philippine agent Eagle Express Line, the South Philippines 6 (RSP6) fixed-day weekly service made its first port call to MCT on 19 December with the 628-teu Pira Bhum.
The service is operated by two vessels and covers the Singapore – Cebu – Cagayan – Singapore route. The vessels turn in Singapore, which serves as a transhipment hub and provides connections from Cebu, Cagayan de Oro, and Zamboanga to other Southeast Asian markets, the Indian subcontinent and the Middle East, while additionally serving the markets further north such as China and South Korea.
Published December 28, 2020, 8:00 AM
Year-Ender
The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open.
“Throughout these lockdowns, all of our ports – without exception –continued 24/7,” said the country’s biggest port operator, International Container Terminal Services Inc. (ICTSI) Chairman Enrique K. Razon, Jr.
ICTSI Chairman and President Enrique K. Razon, Jr.
Still, the trade slack due to the global health crisis, along with lockdown restrictions, pulled down ICTSI’s volumes by two percent to 7,426,307 TEUs in the first nine months of this year and revenues from port operations flattened at $1.1 billion.