Austal, designer and builder of customized aluminum defense and commercial vessels, is infusing up to $3 million in its Philippine operations this year as it…
Harbor pilots in the Philippines are seeking a 50% increase in pilotage fee covering all international-going vessels and those plying the coastwise trade. The…
Philippine company Magsaysay Transport and Logistics Corp. (MTLC) expects growth of up to 5% for the year despite continued slowdown in economic activity. “Our…
Ocean freight carriers announce rate hikes on Asia trade
Global box ships are poised to enforce rate hikes on Asia services starting August. Hapag-Lloyd announced more general rate increases (GRIs), all effective from…
Asia-US container lines stay focused on freight rates as market improves
Transpacific shipping lines have stepped up efforts to raise freight rates, seeking stronger earnings moving into the summer. The aim is to stabilize recent…
Hapag-Lloyd announces rate hikes and peak season surcharges
Hapag-Lloyd said it will implement a peak season surcharge (PSS) for all cargo and all container types from East Asia (excluding Japan) to North Europe.…
Feeder operator Regional Container Lines (RCL) is anticipating sustained business growth in the Philippines despite the global economic crisis. Jesus Sedano, owner’s representative of…
Shipping confidence rises for fourth successive quarter
Overall confidence levels in the shipping industry increased in the three months ended May 2012, to reach their highest level since February 2011, according…
PHILIPPINE cargo carrier Lorenzo Shipping Corp (LSC) expects to post higher income this year despite continuing volatility in the world economy due to crises…
15% hike in cargo-related handling fees at Manila ports approved
The Philippine Ports Authority (PPA) has approved a 15% increase in cargo-related handling fees petitioned by the country’s top two terminal operators. The increase…
Hong Kong’s Orient Overseas Container Line (OOCL) and Singapore-based X-Press Feeders announced the launch late this month of a joint feeder service connecting Yangon…
Orient Overseas Container Line (OOCL), Hong Kong’s largest box carrier, announced changes to its management group effective July 1, 2012. Michael Kwok will be promoted…
