Browsing Category

Breaking News

4702 posts

IATA downgrades global airline outlook for 2012

Forecasts for international airline profits in 2012 have been downgraded from $4.9 billion to $3.5 billion for a net margin of 0.6 percent, the International…
  • December 9, 2011
  • 3 minute read

OOCL bares 6-month slack season program

Orient Overseas Container Line (OOCL) announced a slack season program from January to June 2012 “in response to the forecasted change in demand on the…
  • December 9, 2011
  • 1 minute read

6 key Philippine ports face expansion

The Philippine Ports Authority (PPA) is bent on expanding six major ports any way it can — either on its own, through private sector…
  • December 9, 2011
  • 2 minute read

Subic Bay lays down priorities

The new management of the Subic Bay Metropolitan Authority (SBMA) is pushing four strategies to propel the Subic Freeport, north of Manila, into becoming…
  • December 9, 2011
  • 1 minute read

MSC to implement bunker charge, GRI in January 2012

Mediterranean Shipping Company (MSC) said it will apply bunker compensation (BUC) of US$795 per 20-foot container on all cargo from Asia to West and…
  • December 9, 2011
  • 1 minute read

MSC unveils Asia-North Europe joint services with CMA CGM

Swiss ocean carrier Mediterranean Shipping Company (MSC) has introduced a new service setup with new partner CMA CGM that will cover Asia and North…
  • December 8, 2011
  • 2 minute read

Five carriers combine winter service for Asia-South Africa-South America East Coast trade

Chilean shipping company CSAV announced a restructuring of services from December 2011 in view of the weaker demand during the winter season. It said…
  • December 8, 2011
  • 1 minute read

APL in tie-up with MOL on new Japan-Thailand-Philippine service

Singapore-based APL has announced a tie-up as a slot operator with Japan’s Mitsui O.S.K. Lines (MOL) to enhance its Japan to Thailand and the…
  • December 8, 2011
  • 1 minute read

Batangas Port gets new caller starting Dec 10

Singapore-based MCC Transport will make a maiden call at the Batangas International Container Port, 110 kilometers south of Manila, on December 10, according to…
  • December 6, 2011
  • 2 minute read

United sees business expansion

United is confident of growing its passenger and cargo businesses in the Philippines with the expected transfer of the US military base from Okinawa…
  • December 6, 2011
  • 1 minute read

WB executive outlines measures to boost shipbuilding, ship repair in PH

The Philippines can adopt three strategies to increase shipbuilding and ship repair bookings, according to Vicky Viray-Mendoza, a US-based World Bank executive. These strategies…
  • December 6, 2011
  • 1 minute read

Airphils volume doubles after nine months

PHILIPPINE budget carrier Airphil Express said its passenger volume more than doubled in the first nine months of the year. Citing data from the…
  • December 6, 2011
  • 1 minute read

NOL takes delivery of two 10,000-TEU ships

Singapore-based shipping and logistics giant Neptune Orient Lines has received the delivery of two new vessels, each with a capacity of 10,000 TEUs to…
  • December 5, 2011
  • 1 minute read

NOL says Hapag-Lloyd purchase not true

Singapore container shipping giant Neptune Orient Lines (NOL) has shot down reports that it was seeking to acquire shares in Hapag-Lloyd. The denial was…
  • December 5, 2011
  • 1 minute read

Economic uncertainty clips global air freight demand

Global air freight has seen its sixth consecutive month of year-over-year decline, as international and domestic traffic declined by 4 percent in October this…
  • December 5, 2011
  • 2 minute read

Container leasing posts most impressive fleet growth in years

The global container leasing industry managed its highest fleet growth in many years during 2010 and the first half 2011, as it rushed to…
  • December 2, 2011
  • 2 minute read

CMA CGM and MSC partner up on major trades

MSC and CMA CGM, the world’s second and third largest container shipping companies, announced on December 1, 2011 that they have formed a “broad-based…
  • December 2, 2011
  • 1 minute read

Global ocean lines announce rate hikes, peak-season fees

Several global box lines—CMA CGM, MSC, Hapag-Lloyd, COSCO, and Hanjin Shipping—have announced a series of rate increases and peak-season surcharges effective December 2011 and…
  • December 2, 2011
  • 2 minute read

Confusing documentation, taxation systems hobble overseas shipping sector in PH

Chaotic documentation and taxation systems as well as ownership requirements are the three major challenges facing the Philippine’s overseas shipping sector, according to the…
  • December 1, 2011
  • 2 minute read

PH airport gets a little help from Changi

A group of experts from Singapore’s Changi airport is determining the scope of work needed for the rehabilitation of Ninoy Aquino International Airport Terminal…
  • December 1, 2011
  • 2 minute read