The Bases Conversion and Development Authority (BCDA) has entrusted its subsidiary, Poro Point Management Corporation (PPMC), with interim operational control of the San Fernando Seaport following the lease expiration of its previous operator, Poro Point Industrial Corporation (PPIC).
BCDA President and CEO Joshua M. Bingcang and PPMC President and CEO Felix S. Racadio formalized the arrangement through a memorandum of agreement (MOA). This ensures uninterrupted operations and services at the seaport, a critical hub for international trade and regional economic activity.
“The San Fernando Seaport is a vital component of Northern Luzon’s supply chain and economic landscape,” said Bingcang. “It supports industries, facilitates international trade, and generates jobs and livelihood. Ensuring uninterrupted operations is paramount, and we are grateful to PPMC for stepping in during this transitional period.”
The previous operator, PPIC—established in 1999 by BCDA, PPMC, and Bulk Handlers Inc.—opted to cease operations upon the lease’s expiration on October 31, 2024. Despite BCDA’s offer of a three-month holdover authority to maintain continuity, PPIC declined. Consequently, the BCDA Board authorized PPMC to assume interim control effective November 6, 2024, while preparations for a competitive bidding process to select a new operator are underway.
PCEO Racadio assured, “With the trust placed in us by BCDA, PPMC will diligently manage the seaport to meet operational and service expectations.”
Under the MOA, PPMC is tasked with maintaining critical services, including cargo handling, customs brokerage, warehousing, and equipment rentals. The company will also oversee safety, environmental protection, trade facilitation, labor compliance, and infrastructure maintenance at the seaport.
The San Fernando Seaport is part of the 236.5-hectare Poro Point Special Economic and Freeport Zone, formerly the US Wallace Air Station. Positioned as a premier tourism and investment hub, Poro Point significantly contributes to La Union’s transport and logistics sector through its seaport and airport, fostering growth across Northern Luzon.
📷 𝐵𝑎𝑠𝑒𝑠 𝐶𝑜𝑛𝑣𝑒𝑟𝑠𝑖𝑜𝑛 𝑎𝑛𝑑 𝐷𝑒𝑣𝑒𝑙𝑜𝑝𝑚𝑒𝑛𝑡 𝐴𝑢𝑡ℎ𝑜𝑟𝑖𝑡𝑦 (𝐵𝐶𝐷𝐴) 𝑃𝑟𝑒𝑠𝑖𝑑𝑒𝑛𝑡 𝑎𝑛𝑑 𝐶ℎ𝑖𝑒𝑓 𝐸𝑥𝑒𝑐𝑢𝑡𝑖𝑣𝑒 𝑂𝑓𝑓𝑖𝑐𝑒𝑟 𝐽𝑜𝑠ℎ𝑢𝑎 𝑀. 𝐵𝑖𝑛𝑔𝑐𝑎𝑛𝑔 𝑎𝑛𝑑 𝑃𝑜𝑟𝑜 𝑃𝑜𝑖𝑛𝑡 𝑀𝑎𝑛𝑎𝑔𝑒𝑚𝑒𝑛𝑡 𝐶𝑜𝑟𝑝. (𝑃𝑃𝑀𝐶) 𝑃𝑟𝑒𝑠𝑖𝑑𝑒𝑛𝑡 𝑎𝑛𝑑 𝐶ℎ𝑖𝑒𝑓 𝐸𝑥𝑒𝑐𝑢𝑡𝑖𝑣𝑒 𝑂𝑓𝑓𝑖𝑐𝑒𝑟 𝐹𝑒𝑙𝑖𝑥 𝑆. 𝑅𝑎𝑐𝑎𝑑𝑖𝑜 𝑠𝑖𝑔𝑛 𝑎 𝑚𝑒𝑚𝑜𝑟𝑎𝑛𝑑𝑢𝑚 𝑜𝑓 𝑎𝑔𝑟𝑒𝑒𝑚𝑒𝑛𝑡 𝑔𝑟𝑎𝑛𝑡𝑖𝑛𝑔 𝑃𝑃𝑀𝐶 𝑖𝑛𝑡𝑒𝑟𝑖𝑚 𝑜𝑝𝑒𝑟𝑎𝑡𝑖𝑜𝑛𝑎𝑙 𝑐𝑜𝑛𝑡𝑟𝑜𝑙 𝑜𝑣𝑒𝑟 𝑡ℎ𝑒 𝑆𝑎𝑛 𝐹𝑒𝑟𝑛𝑎𝑛𝑑𝑜 𝑆𝑒𝑎𝑝𝑜𝑟𝑡. 𝐵𝐶𝐷𝐴 𝐵𝑜𝑎𝑟𝑑 𝑀𝑒𝑚𝑏𝑒𝑟 𝑅𝑜𝑏𝑒𝑟𝑡𝑜 𝐴. 𝐹𝑙𝑜𝑟𝑒𝑠 𝑎𝑛𝑑 𝑃𝑃𝑀𝐶 𝐵𝑜𝑎𝑟𝑑 𝑀𝑒𝑚𝑏𝑒𝑟 𝑁𝑖𝑐𝑘𝑦 𝐴. 𝑂𝑙𝑙𝑒𝑟 𝑠𝑒𝑟𝑣𝑒 𝑎𝑠 𝑤𝑖𝑡𝑛𝑒𝑠𝑠𝑒𝑠.
