International carriers operating in the Philippines are against the vessel-related cargo-handling rate increase sought by port operators International Container Terminal Services, Inc (ICTSI) and…
August 30, 2011
2 minute read
Palace asked to rule on Subic Naval Supply Depot award
The Subic Bay Metropolitan Authority (SBMA) has asked the Philippine Office of the President (OP) to rule on whether the Naval Supply Depot (NSD)…
Orient Overseas Container Line (OOCL) has appointed a U.S.company executive as general manager of corporate logistics at its Hong Kong headquarters effective November 1,…
August 29, 2011
1 minute read
“K” Line announces direct Thailand-East India express
Japan-based ocean carrier Kawasaki Kisen Kaisha (“K” Line) will launch as a slot operator the Thailand-East India Express (TCX) on September 7, 2011 to enhance its…
August 29, 2011
1 minute read
Keppel profit soars 224% in Q2
SHIPYARD operator Keppel Philippine Marine, Inc (KPMI) posted a 224% rise in consolidated net profit to P545.42 million in the second quarter from P168.24…
August 24, 2011
2 minute read
Ship repair sector faces rough sailing over next few years—report
The ship repair market may be in for a tough period ahead as immediate portents point to a slowdown in the next two to…
August 24, 2011
2 minute read
Panalpina launches 3 direct services from Asia to Rotterdam
Supply chain solutions provider Panalpina has launched three direct less-than-container load (LCL) services through its in-house carrier Pantainer Express Line. The new guaranteed weekly…
August 24, 2011
1 minute read
Hanjin on a $1B expansion program
THE Philippines’ largest shipyard operator Hanjin Heavy Industries-Philippines (HHIP) has reserved an additional 150 hectares of land in Subic for a $1-billion expansion program…
August 22, 2011
1 minute read
Hanjin posts operating loss of $254 million for Q2 of 2011
Hanjin Shipping has announced an operating loss for the second quarter of 2011 of US$254 million from a net profit of $191.04 million a…
August 22, 2011
1 minute read
Shipowners’ Club fortifies its Singapore office for Asia-Pacific expansion
The Shipowners’ Club, a London-based mutual shipping insurer for smaller and more specialized vessels, is investing more resources in Singapore to boost its expansion…
Safmarine picks Ben Line for Far East MPV business
SAFMARINE recently appointed Ben Line Agencies to represent its Multi Purpose Vessel Services (MPV) business in Asia. “Ben Line Agencies are well known in…
August 17, 2011
1 minute read
NOL reports $67 million loss in first half of 2011
Neptune Orient Lines (NOL) has reported a net loss of US$67 million for the first half of 2011, after registering a $1 million in…
August 17, 2011
2 minute read
New e-learning tool provides step-by-step guide to Maritime Labour Convention rules
A comprehensive CD that explains all the important aspects of the International Labour Organization’s Maritime Labour Convention, 2006 (MLC, 2006) has been developed by…
August 17, 2011
2 minute read
SITC registers 27 percent hike in revenue in intra-Asia trade for H1 2011
SITC International expressed a positive outlook for the intra-Asia container shipping and logistics market in the second half of the year after posting US$510.6…
August 15, 2011
2 minute read
Asia-Europe shipping carriers plan GRIs, peak season surcharge
Two shipping lines serving the Asia-Europe lanes have announced general rate increases (GRIs) effective September 15 this year, while another carrier is poised to…
August 15, 2011
1 minute read
PSA leads the top 10 terminal operators based on equity TEU
The PSA topped the list of leading port owners in 2010, based on a new ranking system introduced this year. Industry analyst Drewry Maritime…
August 12, 2011
2 minute read
WSC survey shows containers lost at sea are way below reports
The World Shipping Council (WSC) has released the results of a survey on container losses, which show that reports saying 10,000 containers are lost…
INTERNATIONAL Container Terminal Services, Inc (ICTSI) reported a 42% jump in first-half net income to $60 million from $42.4 million year-on-year, thanks to higher…
August 10, 2011
2 minute read
Shipping firms bring EU to court over sanctions
Thirty-six entities headed by Hamburg-based shipping company Ocean Capital Administration are seeking legal redress from the financial sanctions imposed on them by the European…
