With the addition of Container Terminal 2, which comes on stream on Wednesday, Subic Bay’s cargo handling capacity will double to 600,000 containers a year.
The US$215 million container facility, funded by the Japan Bank for International Cooperation, is expected to boost Philippines port Subic's bid to become a major transhipment hub in Asia.
The new container terminal can accommodate big cargo vessels, including Panamax and post-Panamax vessels.
For several decades, Subic port used to accommodate US battle ships and aircraft carriers. But today as a freeport zone Subic it has become an international maritime hub.
The US$215 million container facility, funded by the Japan Bank for International Cooperation, is expected to boost Philippines port Subic's bid to become a major transhipment hub in Asia.
The new container terminal can accommodate big cargo vessels, including Panamax and post-Panamax vessels.
For several decades, Subic port used to accommodate US battle ships and aircraft carriers. But today as a freeport zone Subic it has become an international maritime hub.