Rationale of the Study
Containerization is a system of freight transport that transports trade goods from ports to ports. This system is based on a range of steel intermodal containers (also "shipping containers").These containers are built to standardized dimensions and can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another. Thus, it provided an economic way to ship 90% of the world trade goods across the globe and as a result has benefited society in providing for a truly open market to buy and sell goods. Cebu is home to national and international corporations whose trading hub is centered in the international port (cargo and container) which is currently one of the busiest in the country.
About 80% of domestic and international shipping operators and shipbuilders are located in Cebu. However, the revolution of the shipping containerization has also led to massive excesses of these containers. In some cases, Cebu imports more goods than it exports resulting to hundreds of empty, unused containers that remain stack in port cities and inland freight terminals. As a result, it poses a serious disposal problem on any shipping company.
On another theory, Cebu’s real estate industry growth continued in an upward trajectory as is evident in the number of construction projects in the city. The real estate sector is banking on the robust growth of the business processing outsourcing and the tourism industries to continue to spur more demand this year for commercial, office and residential projects. Cebu is enjoying a construction boom with the expansion [of several developments] and [the presence of] new players in (sectors such as) business process outsourcing, hotels and universities and road infrastructure.” Construction activities around the city have become more dynamic at present with more developments in the pipeline that continue to diversify
Bibliography: n = N = 2638 1 + NL^2 1+(2638*.052)