More PH shipments to go through red lane, all to undergo xray
More container shipments will be classified under the Philippine Bureau of Customs’ (BOC) red lane selectivity system, with all of these shipments now…
All containerized shipments consigned to and bound for customs bonded warehouses (CBWs) in the Philippines are now undergoing x-ray inspection to prevent smuggling. Customs…
Alerted shipments for inspection within 48 hours, says BOC chief
Philippine Customs Commissioner Isidro Lapeña has ordered that alerted shipments be inspected within 48 hours to prevent corruption. Customs stakeholders fear receiving alert orders…
New box barge service links Subic to other PH regional ports
Subic Bay International Terminal Corp. (SBITC) has started a container barge service that connects Subic port to other regional ports in the Philippines as…
Moore Stephens: Slight drop in box shipping operating costs in 2016
Total operating costs for the container ship, tanker, and bulker sectors were all down in 2016, with the insurance category making the biggest decline,…
Shipping to gov’ts: Submit proposals supporting IMO’s GHG program
The International Chamber of Shipping (ICS) is calling on governments to present their proposals in support of the greenhouse gas (GHG) reduction drive of…
OOCL’s 21,400-TEU, Hapag-Lloyd’s 15,000-TEU newbuilds to ply Asia-Europe lane
Both Hong Kong-listed Orient Overseas Container Line (OOCL) and German liner Hapag-Lloyd are fielding their latest mega newbuilds on the Asia-Europe lane immediately. OOCL…
International Container Terminal Services, Inc. (ICTSI) has signed two 25-year concession agreements to operate, manage, and develop the international ports of Motukea and Lae…
SG maritime sector prepares for shift from physical to virtual flows
To sustain Singapore’s standing as a global maritime hub, the International Maritime Centre (IMC) 2030 Advisory Committee is calling on the maritime sector to…
MSC order for 22,000-TEU box ships raises overcapacity specter
Mediterranean Shipping Company (MSC) has reportedly ordered a series of eleven 22,000-TEU vessels for delivery during 2019-2020, raising worries of overcapacity hitting the industry…
ICTSI buys 34.83% of Manila North Harbor for P1.75B
International Container Terminal Services, Inc. (ICTSI) is acquiring 34.83% shares of Petron Corporation in domestic port operator Manila North Harbour Port, Inc. (MNHPI) for…
Improved PH ports head Mindanao businesses’ wish list
Mindanao chambers of the Philippine Chamber of Commerce and Industry (PCCI) are urging the Department of Transportation (DOTr) and Philippine Ports Authority (PPA) to…
The Philippine Maritime Industry Authority (Marina) generated P519.982 million in revenue in the first semester of 2017, which is 13% lower than the P597.889…
CMA CGM swings to black, confirms order for 22,000-TEU ships
French container shipping liner CMA CGM said it posted “excellent financial results” for the second quarter of 2017 as volumes surged and freight rates…
ICS: $100B needed to invest in new ballast water treatment systems
The International Chamber of Shipping (ICS) said that with the entry into force of the International Maritime Organization (IMO) Ballast Water Management (BWM) Convention…
BWM Convention in force; Jamaica and Malta latest signatories
The International Maritime Organization announced that Jamaica and Malta have become the latest states to sign up to IMO’s Ballast Water Management Convention, which…
