Tuesday, July 8, 2014

Container-van crisis nears tipping point

UNLESS President Aquino intervenes, a crisis involving empty container vans could reach its tipping point very soon, and this could hurt the Philippine economy. This fear was raised after the Manila International Container Terminal (MICT) issued a circular stating that it would no longer accept “empty containers for export, due to yard utilization reaching 100 percent.” That circular took effect at the close of business hours on July 8.

That crisis—which showed that the MICT and South Harbor yards are now 98-percent and 90-percent full, respectively—was caused, in part, by a confluence of factors, according to Roberto Bayocot, president of the Confederation of Truckers Association. These include the longer processing time for import papers, courtesy of Customs Commissioner John P. Sevilla; the truck ban imposed by Mayor Joseph “Erap” Estrada of Manila, and the anti-colorum-vehicle drive of the Land Transportation Franchising and Regulatory Board (LTFRB).

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