RORORoll On, Roll Off
RORORisk-On, Risk-Off (finance)
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It was initially serviced by M/V Super Shuttle RORO 12, owned by Cebu-based Asian Marine Transport Corp.
The RORO terminals were made possible after the signing of an agreement with NYK Group, one of the largest automotive logistics companies in the world.
He said that Giles Edwards, the Founder Trustee and Technical Director of RORO, had visited the University several times for the setting up of this unique national facility at the ICCBS.
Their aim was to share the huge costs involved in building and operating a fleet of RORO container ships trading between Europe and North America.
However, transport by RORO vessels can be competitive with direct, over-the-road truck service in certain traffic lanes if an adequate number of vessels are used.
Pursuant to the regulatory powers of the board over public land transportation services and in view of the Philippine Atmospheric, Geophysical, and Astronomical Services Administration's (PAGASA) declaration of typhoon "Nona" and recommendation of Philippine Ports Authority to suspend RORO operation in affected areas, the board, in order to ensure safety and convenience to the riding public, hereby orders all provincial bus operators with RORO routes to cease and desist from dispatching and operating all their authorized units along their authorized routes where typhoon signal number 1 has been declared by PAGASA resulting in suspension of port operations," the board said in their new order.
The terminal operator contends that by centralising its RORO activities at Khalifa Port, it will facilitate development and trade, and improve customer service.
It includes security, safety or accessibility in RORO ports, RORO vessels, tourist destinations, and other establishments.
GrimaldiGroup is the second largest RORO (roll-on / roll-off) steamship company in the world.
Dutertes invitation to investors and business leaders of both the Philippines and Indonesia on harnessing the potentials of the newly inaugurated ASEAN roll-on, roll-off (ASEAN RORO) shipping network during the arrival ceremonies of the maiden voyage of M/V Super Shuttle RORO 12 at the port of Bitung in Indonesia on Tuesday, May 2.
This route shall be the first of the many routes that will form the international RORO network envisioned by our fellow ASEAN leaders to provide greater accessibility and open more opportunities for our countries," he added.
Cebu-based shipping firm Asian Marine Transport Cooperation, whose owner is businessman Paul Rodriguez, will service the route with its M/V Super Shuttle RORO 12 that has a 500-TEU capacity.