Drewry reverses box shipping outlook as clouds gather
Global shipping consultancy Drewry has downgraded its forecast for container demand over the next five years, pointing to a gloomier world economic outlook and…
Hapag-Lloyd to implement ‘marine fuel recovery mechanism’ next year
German container shipping liner Hapag-Lloyd will gradually implement a “Marine Fuel Recovery” (MFR) mechanism from January next year to cope with higher fuel costs…
PIL, IBM collaborate in blockchain trial to create electronic bill of lading
Pacific International Lines (PIL), Singapore’s national carrier and leading containership operator, is collaborating with IBM Singapore in a blockchain trial to design and create…
Report: port inefficiency continues to inflate shipping costs, erode PH competitiveness
Improving efficiency of Philippine ports and enabling them to handle bigger ships and more volumes can help address high costs of shipping and improve…
ICTSI’s new $145M dock upgrades capacity of Honduras’ busiest seaport
Honduran President Juan Orlando Hernández recently inaugurated the new Pier 6 facility of Puerto Cortes operated by Operadora Portuaria Centroamericana S.A. de C.V. (OPC),…
Lorenzo Shipping taps into NMC Container Lines’ resources
Lorenzo Shipping Corporation (LSC) is entering into time charter agreements (TCAs) with sister carrier NMC Container Lines, Inc. (NMCCLI) for three years to expand…
CMA CGM to review fuel surcharges to comply with low sulfur policy
French container shipping company CMA CGM said it intends to make heavy investments to comply with the impending low sulfur regulation for shipping, and…
PPA to implement soon new rules on award of terminal contracts
The Philippine Ports Authority (PPA) hopes to start implementing before the year ends its new guidelines for awarding terminal contracts, noting this is seen…
PPA extends anew cargo handling, terminal operators’ authority to operate
The Philippine Ports Authority (PPA) is once again granting or extending the hold over authorities (HOA) of cargo-handling/terminal operators for six months pending implementation…
Mariveles multipurpose terminal opens doors to more users
After working exclusively with one client, Mariveles Multi-Purpose Terminal (MMT), Bataan Freeport’s first port terminal dedicated to bulk shipments, is opening its doors this…
Shipping seeks standard procedure for non-compliant fuel use
The Baltic and International Maritime Council (Bimco) and other organizations are working closely with the International Maritime Organization (IMO) to ensure a standard procedure…
Marina eyes linking Region 1 via tri-city ferry system
The Maritime Industry Authority (Marina) says it supports the proposal to establish a tri-city ferry system in Region 1. Initiated by the Regional Development…
AISL: BOC’s authority over lines excludes issues on freight rates, other charges
The Association of International Shipping Lines (AISL) has pointed out that while the Philippines’ Bureau of Customs (BOC) may register and regulate foreign shipping…
