THE global economic turmoil is taking its toll on the Philippine shipping industry as shown by the contraction in passenger and cargo growth last year.
Ships and ferryboats —once the Filipinos’ most-preferred mode of inter-island transport—are losing out to airlines because airfare is cheaper.
Meanwhile, the total cargo volume contracted by 8.2 percent to 144.59-million metric tons last year compared with 157.44-million metric tons in the previous year. Of the total, domestic cargo stood at 71.76-million metric tons, a 3.8-percent decline compared with the 74.59 million in 2007.
Foreign cargo stood at 72.84-million metric tons, down by 12 percent from the previous year’s 82.85-million metric tons.
0 comments:
Post a Comment