PH shipping lines start using safe transit corridor
Philippine domestic shipping lines welcomed the Department of Transportation’s (DOTr) implementation of a recommended transit corridor (RTC) in Moro Gulf and Basilan Strait. The…
Royal Cargo expands logistics portfolio, enters domestic shipping
Philippine-based specialized logistics solutions provider Royal Cargo, Inc. is spending US$40 million or almost P2 billion this year to fund the expansion of its…
German carrier Hapag-Lloyd and Kuwait-based rival United Arab Shipping Company (UASC) completed their merger on May 24, the union strengthening Hapag-Lloyd’s position as the…
ICS asks IMO to set CO2 reduction goals for shipping sector
The International Chamber of Shipping (ICS) will urge the International Maritime Organization (IMO) to “adopt some dramatic CO2 reduction objectives—on behalf of the international…
Now’s the time for ocean shippers to digitize, says INTTRA
Digitization is rapidly transforming the ocean container shipping industry, according to INTTRA, the world’s ocean shipping electronic marketplace. In a new whitepaper— Blueprint 2032:…
Unithai Shipyard to operate largest floating dock in Thailand
Unithai Shipyard and Engineering Limited is building the largest floating dock in Thailand. When complete, the dockyard will be 984-foot long and 170-foot wide…
PPA oversight body created to identify, resolve Manila North Harbor issues
The Philippine Ports Authority (PPA) has created an operations oversight committee to look into concerns of stakeholders using the Manila North Harbor and ensure…
Marine services provider Harbor Star Shipping Services, Inc. (HSSSI) reported a profit of P23.098 million in the first quarter of 2017, slightly lower by…
Special PH customs inspection team formed to fast track probe into undervalued shipments
The Philippine Bureau of Customs (BOC) has created a Special Inspection Team (SIT) to expedite examination of shipments alerted for undervaluation. The team was…
Palau transport firm awards lighterage project to Harbor Star
Marine services provider Harbor Star Shipping Services, Inc. (HSSSI) has signed an agreement to be the exclusive provider of lighterage services to Palau Sea…
Chelsea Logistics secures $220M China loan for 32% stake in 2GO
Philippine shipping line Chelsea Logistics Corp. (CLC) has signed a $220-million bridge loan agreement with Bank of China, intending to use the borrowed money…
Port operator International Container Terminal Services, Inc. (ICTSI) reported a net income of US$57.584 million in the first quarter of 2017, 27.8% higher than…
ATI Q1 income up 28.4% on higher Manila, Batangas volumes
Strong trade volumes handled at Manila South Harbor and Batangas Port have lifted Asian Terminals Inc.’s (ATI) first-quarter results, reflecting growing imports and exports…
