Orient Overseas (International) Limited (OOIL) announced improved financial results in 2017 compared to 2016 owing to a higher-than-expected economic recovery and the stronger volume…
The Philippine Senate has adopted seven maritime treaties, including two resolutions concurring with the ratification of the 1978 and 1988 international protocols relating to…
PPA’s new rules on refund of excess payments effective Mar 26
The Philippine Ports Authority (PPA) has revised the guidelines for claiming of refunds for overcharged payments and fees. Memorandum Circular (MC) No. 01-2018, to…
Shipping outlook positive but not risk-free—report
Most shipping markets including container shipping are forecast a positive outlook for 2018, but the complex and nuanced trading conditions ahead can quickly derail…
The Indonesian government has reportedly decided to postpone implementing a new regulation that requires all domestic coal, palm oil, and rice exporters to use…
PPA order sets formula for cargo-handling tariff adjustment
The Philippine Ports Authority (PPA) is prescribing a standard formula for cargo-handling (CH) tariff adjustment. Among other provisions, PPA Administrative Order (AO) 02-2018 signed…
ECSA: Indonesia’s new ‘protectionist rules’ on shipping worrying
The European Community Shipowners’ Associations (ECSA) is opposing a decree Indonesia adopted recently that mandates that certain commodities can only be transported for import…
Maersk to compete with UPS, FedEx as an integrated container business
Danish conglomerate A.P. Moller-Maersk is looking to transform its operations into an integrated global transport and logistics group, competing directly with package delivery companies…
68% of shipping execs worry about lack of uniform rules on green tech adoption
Global shipping executives are interested in green technologies but are afraid the lack of standard regulations could lead to inconsistencies among various jurisdictions, according…
PPA to begin P2B Davao-Sasa port upgrade in first semester
The Philippine Ports Authority (PPA) plans to start the initial rehabilitation of Davao-Sasa port in the first half of 2018, eyeing an estimated budget…
Report cautious on growth of box shipping rates in 2018
The global container shipping industry will see demand outstrip supply in 2018 for the first time in years, but with container liners’ unpredictable supply…
ICTSI’s Iraq port investment now on its second phase
International Container Terminal Services, Inc.’s (ICTSI) second phase investment in new container terminal infrastructure is underway at its Basra Gateway Terminal (BGT) at the…
SUBIC BAY FREEPORT — The Italian-flagged cruise ship Costa Atlantica arrived in Subic Bay Freeport on Feb 10 bringing more than 2,000 passengers, mostly Chinese, to…
