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Sunday, November 12, 2017
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ILOILO City – There may be a huge drop in the prices of several goods if the city is turned into a hub for direct cargo shipment from China, according to Mayor Jose Espinosa III.
Executives from SITC Container Lines Philippines, Inc. and the Cebu Chinese consulate met with Espinosa recently to pitch such project.
SITC Container Lines Philippines, Inc. represents the Shanghai-based SITC Container Lines Co.
It is engaged in operating its own and chartered vessels ferrying cargoes to major ports in Asia, according to the city government’s Public Information Office.
The Chinese investors may have seen the volume of business and how the metro was becoming a “business hub of the country,” Espinosa said.
According to some brokers, the investment will result in the reduction in prices of goods “by a big percentage,” said the mayor.
Most products sold in the city – from the most basic necessities to equipment – were made in China, Espinosa said.
The cost of freight that businesspeople and direct importers may be reduced, too, he added.
Currently goods from China were downloaded to other major ports and shipped to Iloilo via local cargo vessels and this incurs pass-on cost.
SITC Container Lines Philippines, Inc. already appointed a manager to oversee its operations and was hoping to start in the first quarter of 2018, Espinosa said.
Moreover, the company has checked available facilities at the Iloilo International Container Port and has coordinated with the Bureau of Customs with regard to checking containerized cargoes, said the mayor. (PNA)
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