Repost: The maritime industry in the Philippines is one of the most critical sectors of the economy. It employs hundreds and thousands of people, accounts for a large percentage of the country’s exports, and contributes significantly to its GDP (gross domestic product). However, despite its importance, the sector faces several challenges that it must address to continue thriving. This article will discuss some critical issues and challenges facing the maritime industry.
Shortage of Qualified Personnel
One of the most significant issues facing the maritime industry in the Philippines is a shortage of qualified personnel. There is a growing demand for Filipino seafarers worldwide, but there are not enough people with the necessary skills and qualifications to fill these positions. This has led to an increase in the number of accidents and incidents involving Filipino ships and crews.
The Increasing Cost of Fuel
Another challenge facing the maritime industry is the increasing cost of fuel. The price of crude oil has more than doubled in the last few years, which has had a knock-on effect on the cost of shipping. This has made it difficult for Filipino shipping companies to compete with their foreign counterparts.
Infrastructure Development
There is a need for the Philippines to improve its infrastructure. The country’s ports need upgrading, which needs to be addressed if the maritime industry continues to grow.
These are just some of the issues and challenges that the maritime industry in the Philippines is currently facing. If these issues are not addressed, they could have a negative impact on the country’s economy.
Port congestion in the Philippines
The reported congestion in the port of Manila’s container yards has slowed the unloading of containers from vessels and transporting cargoes to their destination. This contributes to the increase in the cost of logistics, which could affect the prices of goods. According to Maki Pulido’s report on “24 Oras”, GMA News Online states, “Based on estimates of the Confederation of Truckers Association of the Philippines (CTAP), at least 27% of the price of goods passed on to consumers go to clearance, documents and other fees in the processing of cargoes.”
Truckers said only around 50% of container vans in the port are being released daily compared to 75% before.
