Friday, September 30, 2011
Monday, September 26, 2011
Olongapo City - Alay Lakad 2011
Olongapo City - Gawang Gapo - HEALTHY TREAT
DBP lends Olongapo P400M to set up landfills
SBMA addresses pollution
Sunday, September 25, 2011
SBMA bids to make Subic Bay Asia's ore transshipment hub
SUBIC BAY FREEPORT—Vale International S.A., a unit of Vale S.A., the world’s largest iron ore producer and the second-largest mining company, plans to operate a transshipment hub here to serve the Asia-Pacific region.
The Subic Bay Metropolitan Authority said its board approved an investment agreement for Vale to operate an ore transshipment business in the free port. Vale plans to unload ore from its Valemax mother vessel to smaller daughter vessels, or feeders, which are either Panamax or Capesize types, through a purposely-designed floating terminal in Subic Bay.
SBMA deputy administrator for operations Redentor Tuazon said the proposed transshipment hub would be the biggest in the world in terms of capacity.
“The mother vessels that they use have a gross register tonnage of 400,000 GRT,” Tuazon said. “These are ultra large carriers that they call Valemax. They are the biggest in their class, the biggest in the world in operations, and they will use Subic Bay Freeport as the hub in Asia,” he said.
Tuazon said the Vale group found the Subic operations cheap.
“The rationale for the whole project is economies of scale. You have big ships that will transfer the iron ore to two or three smaller vessels, so that the smaller ports in China will be able to accommodate them,” he said.
Tuazon said the project would give the free port annual earnings of about P100 million.
“Subic will be on the map in terms of floating terminal operations, considering the reputation of Vale as one of the biggest mining firms in the world,” he said.
Tuazon also said the Vale group was also looking into the possibility of building an onshore site.
“They are exploring if they can have a facility onshore where they can store minerals like coal—that is still being explored if it’s feasible. But the important thing is that this is Vale Mining, one of the biggest mining companies in the world and that they decided to come here,” he said.
SBMA seaport manager Perfecto Pascual said the Vale group would soon begin operations to distribute iron ore to northeast Asian countries, including China, the biggest user in the world.
“The Vale group will start operations in October and that will be a great revenue earner for us since they will be bringing in big ships and the floating storage ship that will be permanently stationed here in Subic,” Pascual said.
He added the SBMA could expect a large volume of ships arriving in the last quarter of the year.