The ORIENTAL PORT AND ALLIED SERVICES CORPORATION (OPASCOR) is a domestic corporation registered with the Securities and Exchange Commission (SEC). The Company primarily engages in stevedoring, arrastre and other port cargo handling Services.


OPASCOR was established in 1990 when then President Aquino announces the privatization of the Cebu Port Operations of the National Stevedoring and Lighterage Corporation (CPO-NSLC), consistent with the thrust of her administration to privatize non-performing government owned and controlled corporations. The privatization program draws the interest of the employees of CPO-NSLC who dreamed of creating a workers’ enterprise. After a span of three and a half years, the workers successfully convinced the government of their desire to own, manage and operate the business that they’ve been working for since the pre-war period. The unique buy-out scheme involves the pooling of separation and retirement benefits of the employees which were used to buy the assets of CPO-NSLC. On June 16, 1990, OPASCOR formally took over the operations at the Cebu International Port (CIP) and was presented to the business community as the first cargo handler to be fully owned and operated by its workers.

OPASCOR was a struggling company then with a meager capital when it started operation in 1990. When it brought NSLC, the latter had mostly aged equipage, which were not adequate to provide efficient services at the CIP. In order to meet the demand for higher productivity, OPASCOR undertook an equipment modernization program and acquired several modern cargo handling equipments. In 1996, OPASCOR prides itself for being the first cargo handler outside Manila to have acquired ship-to-shore Gantry Quay cranes and Rubber-Tyred Gantry cranes for its containerized operation. To date, with its recent acquisition, OPASCOR has a total of 3 gantry quay cranes.