Harbor Star profit balloons 30.5% in first first three months
Philippine marine services provider Harbor Star Shipping Services, Inc. (HSSSI) reported a net profit of P30.140 million in the first quarter of 2018, or…
Taiwan-based Yang Ming Marine Transport Corporation reported a bigger net loss in the first quarter of 2018 despite higher revenues and stronger volumes logged…
International Container Terminal Services, Inc. (ICTSI) reported a 15% drop in net income attributable to equity holders to $44.1 million from $51.7 million year-on-year,…
Cargo-handling charges at Manila ports up 7% starting June 5
The Philippine Ports Authority (PPA) has approved a 7% adjustment on vessel and cargo-handling rates at both the Manila South Harbor and Manila International…
Bimco identifies trade lane, cargoes at stake in a trade war
The Baltic and International Maritime Council (Bimco) says the fronthaul leg of the transpacific voyage is the trade lane that needs the most watching,…
New Marina chief unveils 14-point agenda for agency
Newly appointed Maritime Industry Authority (Marina) administrator retired General Rey Leonardo Guerrero bared his 14-point priority program as he formally took the helm at…
BOC asked to issue alert orders on all agri shipments
The Department of Agriculture (DA) has requested the Bureau of Customs (BOC) to issue alert orders on all shipments declared to contain agricultural products,…
ICTSI to carry on with Manila North Harbor modernization plans
International Container Terminal Services, Inc. (ICTSI) will continue most of the rehabilitation plans for Manila North Harbor, but will also make several adjustments in…
Newly delivered tanker enlarges Chelsea’s capacity by 88%
Chelsea Logistics Holdings Corp. (CLC) has accepted the delivery of its first medium- range (MR) tanker, which has increased its fleet capacity by 88%…
OOCL taps Microsoft to digitize operations, eyes $10M cost savings
Hong Kong-listed Orient Overseas Container Line Limited (OOCL) is partnering with Microsoft Research Asia (MSRA) in applying artificial intelligence (AI) research to improve its…
Singapore signs record 7 accords on maritime and port modernization
The Maritime and Port Authority of Singapore (MPA) recently inked five memorandums of understanding (MOUs) and two maritime and port agreements, including on the…
Faster implementation of online system for return of empties eyed
The Association of International Shipping Lines (AISL) plans to fast-track the full implementation of its web-based system to help address issues with the return…
More carriers partner with SBITC to reach Northern Luzon markets
Various shipping lines and logistics companies have been increasing their volumes at Subic port, seeing it as a viable alternative gateway to Manila. MCC…
