The Subic Bay Metropolitan Authority (SBMA) reported ₱389 million in revenues from port operations during the first quarter of 2026, marking a 20-percent increase from ₱324 million recorded in the same period last year.
SBMA Senior Deputy Administrator for Port Operations Ronnie Yambao said the Seaport Department generated ₱302 million, while the Airport Department contributed ₱50 million and the Trade Facilitation and Compliance Department earned ₱36 million.
The increase was driven by higher vessel and cargo charges, which rose by 31 percent, alongside a 20-percent increase in ship calls. The Port of Subic recorded 463 ship calls from foreign and domestic vessels during the quarter.
Yambao also noted significant growth in pilotage, tugboat, wharfage, and cargo handling revenues, supported by increases in containerized and non-containerized cargo volumes.
Imports grew by 5 percent to 28,070 TEUs, while exports surged by 31 percent to 15,757 TEUs. Bulk and break-bulk cargoes likewise expanded by 47 percent, fueled by higher volumes of rice, corn, soybeans, wheat, and petroleum products.
One of the country’s busiest deep-water ports, the Port of Subic continues to strengthen its role as a major gateway for international trade and a key alternative to the Port of Manila.
(File photo: SBMA)
