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Drewry downgrades Moller-Maersk rating to ‘unattractive’

London-based Drewry Maritime Equity Research (DMER) has downgraded the rating of A.P. Moller-Maersk A/S (APMM) to “Unattractive,” saying it expects the company’s shipping line…

Fearing congestion, port stakeholders seek recall of Navotas truck ban

International shipping lines and container depot operators are requesting the city government of Navotas to suspend its limited truck ban planned for implementation in…

Lufthansa Cargo profit plunges 40% on market overcapacity

The Lufthansa group generated consolidated revenues of EUR32.1 billion (US$36.2 billion) in 2015, a 6.8% increase on the previous year. The adjusted EBIT, the…

ATI allocates P8B for 3-year capex

Listed port operator Asian Terminals Inc. (ATI) is investing a minimum of P2.8 billion in 2015, followed by P3.1 billion and P2.1 billion in…