Globalport Ozamiz seeks 25.03% tariff rates hike, first since 2021

Globalport Ozamiz Terminal Inc. is seeking a 25.03% increase in tariff rates at the Port of Ozamiz in Misamis Occidental.

The request for tariff adjustment – the first time that the company is seeking one since 2021 – aims to “protect our workforce, maintain our infrastructure, and guarantee public service”, Phoebe Gogorza, vice president for port terminal operations of Globalport Ozamiz’ parent firm, Globalport Terminals Inc. (GTI), said in a presentation during a public hearing on their proposal conducted by the Philippine Ports Authority (PPA) on October 26.

Stakeholders have until November 3 to submit their position papers on the petition.

“Even though our operations are optimized, we cannot control external financial drivers since our uniform tariff baseline was anchored in 2019 when the uniform Tier 3 tariff was established,” Gogorza noted.

This story was originally published by PortCalls Asia. Read the full story at PortCalls Asia →