PH rolls out five-year, P565B infra plan

PHILIPPINE Transportation and Communications Secretary Manuel Roxas II last week unveiled a five-year P565-billion infrastructure plan, which includes development of ports in Davao, and…

PH Customs 2011 collection target slashed by 13%

THE Philippine government cut by 13% and 13.7% respectively the Bureau of Customs’ (BOC) cash revenue collection target this year and next due to…

Manila North Port Terminal 1 design approved

The Philippine Ports Authority (PPA) board recently approved the detailed development design for North Port submitted by operator Manila North Harbour Port, Inc (MNHPI).…

PH ro-ro project to be renegotiated

French firm Eiffel Matiere S.A. has agreed to renegotiate the P15-billion GMA (Greater Maritime Access) Ro-Ro port project contract it entered into with the…

Airline industry gears shift downward — IATA

The international freight market dropped 3.8% in August from the same month last year, but was an improvement from the 1.8% decline reported in…

Asia logistics leaders most optimistic about 2012—survey

Asia-Pacific had the most number of logistics companies that said they either met or exceeded their revenue growth projections for 2011, and had the…

TNT Express 3Q revenue slides

Global express delivery firm TNT Express will present its third quarter results at the end of October 2011 yet, but it is already forecasting…

CMA CGM declares new rate hikes and surcharges for October

French container transportation and shipping company CMA CGM is imposing a new round of rate increases and peak season surcharges from October 2011 as…

Maersk schedules U.S.-Asia freight rate hikes

Maersk Line, the world’s biggest cargo shipping company, announced general rate increases (GRIs) from the U.S. to Asia starting November 15, 2011. The Copenhagen-based…

Evergreen revamps intra-Asia services

Anticipating a growing intra-Asia seaborne trade, Evergreen Line will realign its fleet deployment and launch new weekly services effective mid-October 2011. Its existing Hua…

FedEx expands economy services in Asia

FedEx Express has expanded its two economical, time-definite delivery services for less-urgent shipments in Asia by offering more points of origin and more destinations.…

PAL shouldn’t pay excise tax on imported fuel — court

PHILIPPINE Airlines should not pay excise taxes on imported aviation fuel, according to a recent Court of Appeals ruling. The Philippine government wanted to…

Negros, ATSCI cut revenue, volume prospects

PHILIPPINE companies Negros Navigation Co (Nenaco) and ATS Consolidated, Inc (ATSCI) are reducing their consolidated revenue and volume targets for 2011 due to rising…

Stop hampering operations, PAL tells ex employees

THE management of Philippine Airlines (PAL) on Monday warned former employees against staging protests in front of the PAL Inflight Center building which hampers…

PH Customs eyeing changes to e-IFM

THE advance inward foreign manifest (e-IFM) for airlines will likely undergo changes following continued opposition from air express operators in the Philippines. A team…

Administrative order on PH Brokers’ Act out in 3 months

THE Customs Administrative Order (CAO) for Philippine Republic Act 9853 (amended version of RA 9280 or the Customs Brokers’ Act) will undergo review but…

Hong Kong shippers forecast bleak global market in Q4

Hong Kong shippers see a bleak global container shipping market in the last few months of 2011, as rates fell about 50 percent in…

Maersk study shows slow-steaming not harmful to engines

A.P. Moller-Maersk forecasts that slow-steaming as a way to cut fuel costs will likely become a trend following the results of its study showing that…

Kerry Logistics regional hub to rise in Singapore

Global freight forwarder Kerry Logistics has started the construction of its Asia hub in Singapore to supply the logistics needs of shippers in southeast…

17% cargo-handling rate hike approved for Manila ports

THE Philippine Ports Authority (PPA) has approved a 17% cargo-handling rate increase for vessel-related operations at Manila ports. Just like the last increase, the…