Firms report losses due to BCDA, BHI mess
Shipping firms are losing millions of pesos owing to the ongoing court squabble between the Bases Conversion and Development Authority (BCDA) and Bulk Handlers Inc. (BHI) and the government must resolve it immediately, a source from the maritime industry said.
"Shipping companies are losing around $12,000-demurrage fee daily and more international ships are sailing toward Asian Terminals Inc. [ATI]’s South Harbor and Subic Bay Freeport and Harbour Centre as a result of this ongoing squabble," the source said.
Demurrage usually occurs when a ship is forced to stay much longer than the days or hours specified in its charter.
The source said authorities should immediately settled the disagreement between the BCDA and BHI so that the Poro Point could get back to business.
The Poro Point is currently the object of a legal case filed by the PPIC against the BCDA and subsidiary Poro Point Management Corp., stemming from a board resolution passed by the PPMC to control the facility.
Earlier, the San Fernando City Regional Trial Court slapped BCDA and PPMC with a temporary restraining order and a subsequent writ of preliminary injunction.
The injunction issued by the court last month, prevented the BCDA and PPMC from carrying out the take-over resolution and ordered the agencies to observe the terms and conditions of the earlier agreements signed between the port operator and BCDA.
The attempted take over followed previous reports that the BCDA and PPMC had asked the PPA to seize the operations of the port citing a letter from the Department of Environment and Natural Resources, which asked the PPIC for an environmental compliance certificate. Darwin G. Amojelar - ABS CBN NEWS
"Shipping companies are losing around $12,000-demurrage fee daily and more international ships are sailing toward Asian Terminals Inc. [ATI]’s South Harbor and Subic Bay Freeport and Harbour Centre as a result of this ongoing squabble," the source said.
Demurrage usually occurs when a ship is forced to stay much longer than the days or hours specified in its charter.
The source said authorities should immediately settled the disagreement between the BCDA and BHI so that the Poro Point could get back to business.
The Poro Point is currently the object of a legal case filed by the PPIC against the BCDA and subsidiary Poro Point Management Corp., stemming from a board resolution passed by the PPMC to control the facility.
Earlier, the San Fernando City Regional Trial Court slapped BCDA and PPMC with a temporary restraining order and a subsequent writ of preliminary injunction.
The injunction issued by the court last month, prevented the BCDA and PPMC from carrying out the take-over resolution and ordered the agencies to observe the terms and conditions of the earlier agreements signed between the port operator and BCDA.
The attempted take over followed previous reports that the BCDA and PPMC had asked the PPA to seize the operations of the port citing a letter from the Department of Environment and Natural Resources, which asked the PPIC for an environmental compliance certificate. Darwin G. Amojelar - ABS CBN NEWS
posted by OlongapoCity Zambales at
7:12 AM
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