APMT opens Hong Kong office to expand Asia presence
Global port operator APM Terminals (APMT) has opened a Hong Kong office to further expand its partnerships with Asia-based customers when making global network…
Atlanta-based United Parcel Service (UPS) said it remains in “constructive discussions” with The Netherlands’ TNT Express concerning the U.S. firm’s plans for the takeover…
The Netherlands-based logistics giant CEVA Logistics has launched three less-than-container load (LCL) lanes into Australia. The latest additions to CEVA’s global ocean freight services…
Singapore – Lekki Port LFTZ Enterprise (LPLE) and International Container Terminal Services, Inc. (ICTSI) have signed a memorandum of understanding (MoU) for the operation…
Foreign transshipment cargoes in PH slapped with 21% higher bunker surcharge
After their recent announcement on higher bunker surcharge (BSC) for local cargoes, member lines of the Philippine Liner Shipping Association (PLSA) said they are…
P500M screening systems to beef up PH airport security
The Philippine Department of Transportation and Communications (DOTC) will procure additional airport security devices worth about P500 million for installation in 45 of the…
Mindanao container terminal posts 4% rise in Jan volume
Mindanao Container Terminal (MCT) in southern Philippines posted a 4% increase in its January volume to 16,162 twenty-foot equivalent units (TEUs) from 15,412 TEUs…
PH exporters renew calls for lower domestic shipping costs, port charges
The Philippine Export Development Council (EDC) together with the National Competitiveness Council (NCC) is re-launching its advocacy calling for lower shipping costs. At the…
Philippine-based publicly listed company Asian Terminals Inc (ATI) reported a net income of P1.52 billion, down 4.5% fromP1.59 billion in 2010. Gross revenues also…
Philippine-based publicly listed company International Container Terminal Services, Inc (ICTSI) posted a 33% increase in 2011 net income to $130.6 million due to higher…
Philippine-based port operator International Container Terminal Services, Inc (ICTSI) has expressed interest in acquiring a stake in a Pakistani port. ICTSI, through subsidiary ICTSI…
The four-carrier alliance CKYH (Cosco, “K” Line, Yang Ming, and Hanjin) and Evergreen Line have entered into individual cooperative arrangements with one another on…
Cai Mep-Thi Vai port development ordered fast-tracked
Vietnam state officials instructed contractors of the International Cai Mep-Thi Vai port project to overcome difficulties and complete its infrastructure development as scheduled by…
Orient Overseas (International) Limited (OOIL) announced a profit for 2011 of US$181.6 million, down 90 percent from $1.8 billion in 2010 that, however, included…
Intra-Asia trade specialist MCC Transport, based in Singapore, is revising its Shanghai 1 (SH-1) route to expand its current scope of service within East…
