Daily News

Manila Feb. port usage drops to 50% amid epidemic

The Philippine Ports Authority (PPA) said the yard utilization rate at the Port of Manila dropped from 65% to 50% in February due to the coronavirus outbreak. The normal utilization level was about 65%, with shipments seeing a downturn in activity for cargoes originating in Hong Kong and China. Cargo ships directly or indirectly from Hong Kong and China represent about 70% of all inbound cargo vessels.