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Maritime

2765 posts

OOCL launches 21,413-TEU boxship for Asia-Europe trade

Hong Kong-listed Orient Overseas Container Line (OOCL) unveiled its latest containership during naming ceremonies held recently for the mega boxship that is set for…
  • May 15, 2017
  • 2 minute read

Hapag-Lloyd registers wider loss in Q1

German ocean box liner Hapag-Lloyd saw a bigger net loss in the first quarter of this year compared to the same period a year…
  • May 12, 2017
  • 2 minute read

Moller-Maersk books profit despite loss in shipping

Danish shipping and energy group A.P. Moller-Maersk announced a profit of US$253 million for the first quarter of 2017, up 12.9% from $224 million in…
  • May 11, 2017
  • 2 minute read

Modernization of PH ro-ro service underway

The Philippine government will modernize the country’s roll-on/roll-off (ro-ro) system, targeting the country’s three major nautical highways—Western, Central, and Eastern—and other ro-ro routes. The…
  • May 11, 2017
  • 2 minute read

PH ports log 1.76% gain in Jan cargo throughput

Cargo volume handled by Philippine ports grew 1.76% in January 2017, driven by increases in both foreign and domestic cargoes. Cargo volume for the…
  • May 7, 2017
  • 3 minute read

Cebu Sea Charterers appoints TL2 Shipping as marketing agent

TL2 Shipping Agency, Inc was recently appointed as the exclusive sales and marketing arm of domestic shipping line Cebu Sea Charterers Inc (CSC). CSC,…
  • May 7, 2017
  • 2 minute read

Maritime piracy report sees first Somali hijackings after five-year lull

Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more than the same period last…
  • May 7, 2017
  • 3 minute read

Japanese shipping deal rejected by US maritime agency

The U.S. Federal Maritime Commission (FMC) has rejected the proposed merger of Japan’s three leading ocean box carriers, citing jurisdictional grounds for its decision.…
  • May 4, 2017
  • 2 minute read

ATI allots P4.6B for capacity building at Manila, Batangas box terminals

Listed Philippine port operator Asian Terminals Inc. (ATI) is spending at least P4.6 billion this year to sustain operational efficiency and grow capacity at…
  • May 2, 2017
  • 4 minute read

PH-Indonesia trade seen expanding with new RoRo service

A new trade route linking Mindanao in the Philippines and Sulawesi in Indonesia was launched on April 30 by Philippine President Rodrigo Duterte and…
  • May 2, 2017
  • 3 minute read

Marina increases some shipping fees

The Philippine Maritime Industry Authority (Marina) has issued a new circular that adjusts some shipping fees and charges. Marina Circular (MC) No. 2017-01 revised…
  • May 1, 2017
  • 2 minute read

Marina sets rules on operation of foreign specialized ships in PH

The Maritime Industry Authority (Marina) has issued regulations on the temporary operation within Philippine territorial waters of highly specialized ships registered overseas. The new…
  • May 1, 2017
  • 3 minute read

AISL activates online payment for equipment insurance under GoFast

Philippine importers and customs brokers may now pay equipment insurance to shipping lines electronically through a newly added feature in the Association of International…
  • May 1, 2017
  • 2 minute read

PH ranked 28th among world’s leading maritime hubs

Manila has been included in the list of maritime cities expected to gain increasing prominence in the Asian region in the next five years,…
  • May 1, 2017
  • 3 minute read

Lorenzo Shipping loss widens to P365M in 2016

Listed Philippine freight carrier Lorenzo Shipping Corporation (LSC) broadened its loss to P365 million in 2016 from a loss of P231 million in 2015.…
  • May 1, 2017
  • 2 minute read

Maersk Line’s $4B purchase of Hamburg Süd gets board nod

Danish shipping giant Maersk Line’s proposed acquisition of German box carrier Hamburg Süd took another step forward with the approval April 28 by the…
  • May 1, 2017
  • 2 minute read

Europe-Asia rates surge, surpass headhaul rates

Sea freight rates on the Europe-Asia trade lane have surpassed the Asia-Europe rates as of the last week of April after spiking in March,…
  • May 1, 2017
  • 2 minute read

PPA: Sufficient Manila ports capacity during ASEAN meet

The Philippine Ports Authority (PPA) guarantees sufficient capacity at the ports of Manila despite possible disruptions brought about by strict security measures for the…
  • April 27, 2017
  • 2 minute read

Evergreen’s new KTP service makes maiden call at Subic

Taiwan-based carrier Evergreen Marine Corp. has started a new service that connects South Korea, Taiwan, and the Philippines. The South Korea-Taiwan-Philippines (KTP) service plies…
  • April 26, 2017
  • 2 minute read

First Jakarta-LA direct sea cargo route launched

Indonesia’s main sea hub Tanjung Priok Port in North Jakarta has officially opened the first direct cargo route connecting Jakarta and Los Angeles in…
  • April 26, 2017
  • 2 minute read