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Maritime

2765 posts

Ex-AFP chief Guerrero moves to Marina’s top post

President Rodrigo Duterte has appointed outgoing Armed Forces of the Philippines (AFP) chief of staff Gen. Rey Leonardo Guerrero as the new administrator of…
  • April 24, 2018
  • 2 minute read

Lorenzo Shipping: 53% reduction in 2017 loss shows business plan working

Philippine liner Lorenzo Shipping Corp. (LSC) reported a net loss of P171.796 million in 2017, down 53% from the P365.301 million loss in 2016,…
  • April 23, 2018
  • 2 minute read

CMA CGM to carve bigger logistics presence by buying a stake in Ceva

French shipping giant CMA CGM announced it has reached an agreement to acquire an equity stake of nearly 25% in logistic company Ceva Logistics…
  • April 20, 2018
  • 2 minute read

Shipping lauds new IMO emissions strategy but sees challenges

The shipping industry has welcomed the adoption by the International Maritime Organization (IMO) on April 13 of an initial strategy to further reduce greenhouse…
  • April 16, 2018
  • 4 minute read

IMO members agree to cut by 50% greenhouse gas emissions from ships by 2050

More than 100 member states of the International Maritime Organization (IMO) adopted during the 72nd session of the IMO’s Marine Environment Protection Committee (MEPC)…
  • April 14, 2018
  • 3 minute read

HSSSI reports slight profit growth in 2017

Marine services provider Harbor Star Shipping Services, Inc. (HSSSI) reported a net income of P108.8 million in 2017, which is 7.8% higher than the…
  • April 11, 2018
  • 2 minute read

Mixed outlook for box carriers amid a challenging 2018—report

Although the container shipping industry enjoyed modest improvement in 2017, it still needs to address the dual challenges of rising costs and oversupply—driven mostly…
  • April 11, 2018
  • 3 minute read

IMO marine committee set to adopt initial GHG strategy for shipping

The adoption of an initial strategy to reduce greenhouse gas (GHG) emissions from ships is one of the key items on the agenda of…
  • April 11, 2018
  • 3 minute read

MARPOL-mandated ship fuel oil data collection begins Jan 2019

Data collection by ships of their fuel oil consumption will start on January 1, 2019, as decreed by amendments to the International Convention for…
  • April 4, 2018
  • 3 minute read

Hapag-Lloyd cautiously upbeat after logging profit in 2017

German ocean carrier Hapag-Lloyd said it achieved positive income growth and more than tripled its operating result (EBIT) in 2017 compared to 2016, spurred…
  • April 1, 2018
  • 2 minute read

Maersk restructures functions to speed up digitization

A.P. Moller-Maersk said it is accelerating its business transformation after a year of solid progress toward becoming the global integrator of container logistics. The…
  • March 31, 2018
  • 2 minute read

Zim notches profit despite volatile market conditions

Israel-based Zim Integrated Shipping Services announced a net profit of US$11 million for 2017 after registering a net loss of $163 million in 2016,…
  • March 28, 2018
  • 2 minute read

How US import tariffs could affect box shipping

If the tariff situation between the U.S. and other economies including China worsens, it will have a negative impact on ocean freight volumes and…
  • March 27, 2018
  • 3 minute read

HK gov’t to update merchant shipping safety laws

The Hong Kong government is proposing to amend regulations under the Merchant Shipping (Safety) Ordinance to incorporate into local legislation the latest requirements set…
  • March 26, 2018
  • 1 minute read

Enough container yards for return of empties, CMA-CGM, APL, Hyundai, TS Lines tell PH clients

Shipping lines CMA CGM and APL as well as Hyundai Merchant Marine and TS Lines assured clients they have adequate container yards within Metro…
  • March 25, 2018
  • 3 minute read

Manila port operators seek hike in cargo handling tariff

Port operators Asian Terminals Inc. (ATI) and International Container Terminal Services, Inc. (ICTSI) have filed petitions with the Philippine Ports Authority (PPA) for cargo-handling…
  • March 25, 2018
  • 3 minute read

PH port users reiterate need to probe foreign liners’ fees, charges

More Philippine stakeholders and port users are urgently pressing government to review and regulate charges imposed by international shipping lines, saying these charges have…
  • March 24, 2018
  • 6 minute read

ICS publishes latest flag state performance table

The International Chamber of Shipping (ICS) has published the latest version of its annual Flag State Performance Table. The table indicates the performance of…
  • March 19, 2018
  • 3 minute read

Bangladesh waives VAT for ship imports of over 5,000 DWT

The Bangladesh government has exempted the import of ships of more than 5,000 dead weight tonnage (DWT) from the payment of value added tax…
  • March 19, 2018
  • 2 minute read

Bohol port cargo handler to raise tariff by 8%

The Philippine Ports Authority (PPA) has approved an 8% increase in cargo-handling tariff at the Port of Tagbilaran, Bohol. In Memorandum Circular (MC) No.…
  • March 18, 2018
  • 1 minute read