BOC to craft order on regulation of foreign shipping lines
The Bureau of Customs (BOC) has created a team that will draft a customs administrative order (CAO) on the registration and regulation of international…
The reduction in direct costs helped narrow domestic carrier Lorenzo Shipping Corporation’s (LSC) net loss in the first half of 2018 to P40.639 million…
Taiwanese shipping line Yang Ming Marine Transport Corp. has signed a contract with a shipbuilding company for the construction of ten 2,800 twenty-foot equivalent…
Harbor Star expands operation to other ports with latest acquisition
Marine service provider Harbor Star Shipping Services, Inc. (HSSSI) has acquired 31% of the outstanding capital stock of tugboat operator High Energy Marine Services,…
A.P. Moller-Maersk said it showed progress in the second quarter as it swung to profit, saw revenue growth, and realized synergies through further business…
Yang Ming earnings plunge in Q2 as fuel prices rise
Taiwanese ocean carrier Yang Ming Marine Transport Corporation reported an expanded net loss in the second quarter of 2018 despite slightly higher revenues and…
Record cargo volumes drive 18.2% hike in ATI H1 income
Record cargo volumes handled by its international gateway ports in Manila and Batangas boosted the first semester results of listed port operator Asian Terminals…
Global port operator International Container Terminal Services, Inc. (ICTSI) reported a net income attributable to equity holders of $97.7 million in the first half…
Subic Bay International Terminal Corp. (SBITC) is collaborating with specialized logistics solutions provider Royal Cargo, Inc. to provide seamless movement of goods to and…
Marina to inspect PH-registered ships to avoid detention overseas
The Maritime Industry Authority (Marina) will impose strict regulations for Philippine-registered ships operating overseas to avoid detentions abroad. Starting October 20, 2018, Marina, exercising…
JICA offers to help Marina develop PH shipbuilding sector
The Japan International Cooperation Agency (JICA) is offering its technical know-how to the Maritime Industry Authority (Marina) to help boost the Philippines’ shipbuilding and…
Maersk-IBM blockchain platform attracts over 90 participant organizations
A.P. Moller-Maersk and IBM have announced the creation of TradeLens, jointly developed by the two companies to apply blockchain to the world’s global supply…
Cebu port enlarging yard, opening spaces for dangerous goods, empties
Cebu International Port (CIP) cargo-handler Oriental Port and Allied Services Corporation (OPASCOR) is implementing a series of projects to further expand capacity at the…
The Bureau of Customs (BOC) has created a task force to oversee preparations for the implementation of its fuel marking program. Created under Customs…
ICTSI continues series of improvements, investments to upgrade MICT
International Container Terminal Services, Inc. (ICTSI) has bared development plans for Manila International Container Terminal (MICT) aimed at further improving services at its flagship…
Lorenzo Shipping predicts 10% volume growth amid robust FMCG demand, ongoing infra development
Domestic carrier Lorenzo Shipping Corporation (LSC) is eyeing higher volumes this year as it is optimistic about the positive effect on shipping of the…
Freight forwarding looking strong in the next 5 years, says report
The freight forwarding market grew 8.0% in real terms in 2017, buoyed by a resurgent global economy, particularly a significant international trade growth, according…
