10-year PH maritime roadmap for public presentation in April
The Maritime Industry Authority (Marina) will present to stakeholders in April the 10-year Philippine maritime roadmap the agency is crafting as a key measure…
ICTSI subsidiary ends contract with Port of Portland
Port operator International Container Terminal Services, Inc. (ICTSI), through its wholly-owned subsidiary, ICTSI Oregon, Inc., and the Port of Portland have agreed to terminate…
Hapag-Lloyd reports 66% drop in operating profit in 2016
Despite higher volumes, Hapag-Lloyd witnessed a steep fall in operating profit in 2016 that it traced to “a significantly lower average freight rate.” The…
PH logistics stakeholders bare industry prospects for 2017
Cargo transport service providers in the Philippines are keeping a positive but cautious outlook for 2017, concerned over domestic and global challenges that could…
Davao box terminal eyes throughput recovery in 2017
Davao International Container Terminal (DICT) expects to breach the 300,000 twenty-foot equivalent units (TEUs) mark this year with the expected recovery of banana plantations…
PPA awaits nod to drop P19B Davao port upgrade, eyes lower project cost
The Philippine Ports Authority (PPA) is awaiting approval of the National Economic and Development Authority (NEDA) Board to formally cancel the previous administration’s modernization…
Harbor Star scores big in first overseas towing work this year
Harbor Star Shipping Services, Inc. (HSSSI) has already generated the equivalent of half of its 2016 revenues from towing services after completing its first…
Boxship deliveries seen to enter era of languid growth
After increasing each year since 2011 to reach record levels in 2015, containership deliveries fell sharply in 2016, signaling a potentially new era of…
SM Shipping unfurls sails for maiden voyage in March
South Korea’s SM Shipping, the container liner newly formed by Samra Midas (SM) Group after it bought the Asia-North America route from bankrupt carrier…
DOF, private sector back fuel marking initiative to counter smuggling
Various groups are supporting a Philippine government proposal to adopt a fuel marking and monitoring system to prevent oil smuggling and improve collection of…
Hamburg Sud unveils upgraded East-West service under slot charter deal
Germany-based Hamburg Sud announced plans to offer an improved service in the East-West trades utilizing its slot charter agreement with Maersk Line. In a…
PPA amends holdover period for lapsed cargo-handling contracts
The Philippine Ports Authority (PPA) has revised in a newly issued administrative order the terms for the holdover period for expiring cargo-handling contracts. PPA…
ICTSI ends contract with Brunei container terminal
New Muara Container Terminal Services, SDN (NMCTS), a subsidiary of global port operator International Container Terminal Services, Inc. (ICTSI), will no longer renew its…
Box shipping seen to grow more consolidated over the years
Following the flurry of activities to create alliances last year, the container shipping sector is expected to continue the trend towards ongoing consolidation, says…
