Cosco, Hanjin kick off Far East-Gulf of Mexico trade
China-based Cosco Container Lines and Korea’s Hanjin Shipping announced on March 21 the launch of a joint service in the Far East-Gulf of Mexico trade effective end of April.…
ICTSI Georgia unit, Arkas Line ink terminal services agreement
Batumi International Container Terminal LLC (BICTL) recently signed a terminal services agreement with Arkas Line, a new shipping line to call at BICT. According…
PORT operators International Container Terminal Services, Inc (ICTSI) and Asian Terminals, Inc (ATI) have filed a petition with the Philippine Ports Authority (PPA) for…
The Philippine Shippers’ Bureau (PSB) has asked international shipping lines calling Philippine ports to justify their planned $10 increase in bill of lading (B/L)…
March 19, 2012
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Hapag-Lloyd sets April 15 rate hikes for East Asia lanes
Hamburg-based Hapag-Lloyd released a series of announcements on its upcoming rate increases on the East Asia trade lanes as part of its rate recovery…
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…
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…
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…
MOL links up with RCL on new Singapore-Yangon loop
Japan’s Mitsui O.S.K. Lines (MOL) announced the opening of the new route “SYX” linking Singapore and Yangon, a twice-a-week joint service with Thailand’s Regional…
PH shipping lines to collect 32% more bunker surcharge starting Mar 16
PHILIPPINE cargo carriers will impose a 31.91% hike in their bunker surcharge starting March 16 due to persistently high fuel costs. This will translate…
