BCDA transfers San Fernando Seaport operations to PPMC

The Bases Conversion and Development Authority (BCDA) announced on Friday that it authorized its subsidiary, Poro Point Management Corp. (PPMC), to manage the interim operations of the San Fernando Seaport in La Union. 

The move follows the expiration of the lease contract with the previous operator, Poro Point Industrial Corp. (PPIC), on October 31, 2024.

BCDA President and CEO Joshua Bingcang and PPMC President and CEO Felix Racadio signed a memorandum of agreement (MOA) granting PPMC temporary operational control of the seaport. 

This ensures continuity of services while the BCDA prepares for a competitive bidding process to select a new operator.

PPIC, established in 1999 by BCDA, PPMC, and Bulk Handlers Inc. (BHI) to manage the seaport, declined BCDA's offer of a three-month holdover authority and confirmed its intention to cease operations after its lease expired.

“The BCDA recognizes the vital role played by the San Fernando Seaport in facilitating international trade, boosting supply chains, and supporting various industries in La Union and Northern Luzon. The seaport has been a key driver of growth, generating jobs and livelihood for the community,” said Bingcang.

Effective November 6, 2024, PPMC will oversee the seaport's operations until a new operator is appointed. 

Under the MOA, PPMC will handle key services, including cargo handling, customs brokerage, warehousing, and equipment rentals. 

Additionally, PPMC is tasked with ensuring safety, environmental protection, trade facilitation, and labor compliance, as well as maintaining and repairing seaport structures.

“With the trust that the BCDA has given us, PPMC assures that it will perform our task of managing the seaport well,” said Racadio. — DVM, GMA Integrated News