Land Bank of the Philippines recently granted Clark International Airport Corp (CIAC) a P1-billion loan to finance the second phase of Clark International Airport’s…
The A.P. Moller-Maersk Group saw 2011 revenue increase 7% to US$60.2 billion from $56.09 billion year-on-year due to higher oil prices and container volumes…
CMA CGM announced on February 23 its new general rate increases and rate restoration initiatives effective March 2012. From March 1, France’s largest container…
Singapore Airlines (SIA) has implemented a 20 percent freighter capacity reduction as the global economic slowdown continues to weaken demand and push up fuel…
Singapore-based Neptune Orient Lines (NOL) announced a net loss of US$478 million in 2011, a big turnaround following net earnings of $461 million in 2010.…
Indonesia port operator Pelindo II books 33% jump in net income
Indonesia’s state-owned port operator PT Pelabuhan Indonesia II (Pelindo II) achieved a 33 percent surge in net profit to IDR1.6 trillion (US$176 million) in…
Hong Kong-based Orient Overseas Container Line (OOCL) announced a partnership with Thailand’s Regional Container Lines (RCL) to launch a new China-Bangkok Service (CBS) that…
The Philippine Department of Transportation and Communications (DOTC) is allotting P500 million for the construction and upgrade of the Ormoc, Tabaco City in Albay,…
The Philippine Board of Investment recently granted pioneer status to Manila North Harbour Port, Inc (MNHPI) for investing in domestic port North Port (formerly…
TNT Express changes strategy after massive losses in 2011
Netherlands-based TNT Express said it plans to concentrate on its core European market, which accounts for nearly 70 percent of its revenue, after registering…
12 countries propelling Asia-Pacific transport and logistics growth
Twelve countries in Asia-Pacific will play a key role in boosting the growth of the region’s transportation and logistics market despite global economic uncertainties,…
The Philippines’ international air cargo volume increased 20% in 2011, thanks mainly to the import sector’s strong showing. According to the Civil Aeronautics Board…
Automated export system at Philippine ecozone agency mandatory by Mar 15
The mandatory implementation of the Philippine Economic Zone Authority (PEZA) expanded Automated Export Declaration System (E-AEDS) will take effect on March 15, 2012. Under…
Improved infrastructure to help boost foreign trade
An exporting country like the Philippines needs to continue improving its transport and logistics infrastructure to seize new opportunities in global markets. This is…
The Philippines must continue to ride on opportunities offered by its only bilateral agreement signed so far, the Philippine-Japan Economic Partnership Agreement (PJEPA), to…
Maersk Line slashes capacity on Asia-Europe trade by 9%
Maersk Line, the world’s largest container shipping company, is cutting its vessel capacity on the Asia-Europe trade by 9 percent, citing the oversupply of…
