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Maritime

2765 posts

Solution to slow container deposit returns in PH mulled

The Association of International Shipping Lines (AISL) is exploring the possibility of requiring a company check instead of cash deposit from shippers and forwarders…
  • July 23, 2017
  • 2 minute read

Chelsea Logistics final IPO price is P10.68

Domestic shipping line Chelsea Logistics Holdings Corporation (CLC) will list its shares on the Philippine Stock Exchange (PSE) at P10.68 apiece on August 8.…
  • July 23, 2017
  • 1 minute read

ICTSI’s Laguna dry port gets ready for higher box volumes

The Laguna Gateway Inland Container Terminal (LGICT), the dry port facility of International Container Terminal Services, Inc. (ICTSI) located in Southern Luzon, is gearing…
  • July 20, 2017
  • 3 minute read

PPA to revise 2017 targets after higher-than-expected earnings 

The Philippine Ports Authority (PPA) has reset its revenue targets for the remaining period of the fiscal year after it posted a 32% hike…
  • July 20, 2017
  • 2 minute read

Check with IMO before drafting measures protecting high seas, shipping asks UN

The International Chamber of Shipping (ICS) said the ongoing work at the United Nations to develop measures to protect marine life in “high seas”…
  • July 17, 2017
  • 2 minute read

ATI’s Manila, Batangas terminals set for volume surge in peak season

  Facilities break mid-year container volume targets Manila South Harbor and Batangas Container Terminal (BCT) are performing at optimum production and utilization levels, ready…
  • July 16, 2017
  • 2 minute read

Cosco, OOCL merger reinforces shift in carrier-shipper dynamics

Industry analyst Drewry foresees rising freight rates and narrowing shippers’ choices with news of the purchase offer for Orient Overseas International Ltd (OOIL) by…
  • July 13, 2017
  • 3 minute read

Maersk waives demurrage, detention charges for cyber attack-affected shipments

Maersk Line is waiving demurrage and detention charges on shipments affected by a system outage that followed a cyber attack late last month. In…
  • July 13, 2017
  • 2 minute read

IMO marks progress in shipping and climate change agenda

The International Maritime Organization (IMO) said it has made advances in its environmental agenda at the recent meeting of its Marine Environment Protection Committee…
  • July 12, 2017
  • 4 minute read

Logistics industry’s confidence up but air and sea indices diverge

Air freight expectations have taken the Logistics Confidence Index higher in June, but growth has been tempered by results in sea freight, according to…
  • July 12, 2017
  • 3 minute read

ICTSI Subic’s CFS facilitates efficient cargo movement in Northern, Central Luzon

International Container Terminal Services, Inc.’s (ICTSI) container freight station (CFS) at the Subic Bay Freeport is helping ensure faster movement of goods in the…
  • July 12, 2017
  • 3 minute read

Improved trade, shipping activity expand PPA income in Jan-May

The Philippine Ports Authority (PPA) reported a net income of P3.97 billion in the first five months of the year, 31.9% higher than the…
  • July 12, 2017
  • 4 minute read

PPA eyes overhaul of neglected Malalag Port

The Philippine Ports Authority (PPA) plans to start modernizing Malalag Port by yearend, with an initial project cost of P500 million, following its takeover…
  • July 12, 2017
  • 2 minute read

IMO adopts 7-point outline for an interim decarbonization plan

The UN’s shipping body International Maritime Organization (IMO) has settled on a seven-step outline for an interim strategy to decarbonize the shipping industry, one…
  • July 10, 2017
  • 2 minute read

China’s Cosco offers to buy rival OOCL for US$6.3B

Cosco Shipping Holdings, the fourth biggest container shipping company, has offered to acquire Orient Overseas (International) Limited (OOIL), the seventh largest box shipping line,…
  • July 10, 2017
  • 2 minute read

BOC halts manual processing of Maersk Line, MCC cargoes

The Philippine Bureau of Customs (BOC) has stopped manual processing of Maersk Line and MCC shipments after confirming that cargo manifests, which previously could…
  • July 9, 2017
  • 2 minute read

PH, Germany sign maritime transport cooperation deal

The Philippines and Germany signed on July 4 a letter of intent (LOI) designed to strengthen bilateral ties in maritime transport. Signed by Philippine…
  • July 9, 2017
  • 2 minute read

PH-flag ships directed to comply with Ballast Water Management pact

The Maritime Industry Authority (Marina) advised Philippine-flagged shipping lines engaged in overseas operations to comply with the Ballast Water Management (BWM) Convention of 2004,…
  • July 9, 2017
  • 3 minute read