SM Shipping’s March launch of Asia-US service hits a snag

South Korea’s SM Shipping, the newest container carrier which was created by Samra Midas (SM) Group following its purchase of the Asia-North America route…

PH cargo volume up 6% in Jan-Oct as imports surge

The strong performance of the import sector contributed to the 6% increase in the Philippines’ cargo throughput for the first 10 months of 2016, the…

50% discount for PEZA cargoes passing through Batangas port stays

The Philippine Economic Zone Authority (PEZA) has once again extended the 50% discount on processing fees for ecozone im­port and export shipments that go…

PH shipping group petitions for stronger gov’t action vs sea pirates

Domestic shipping lines are requesting the Philippine government to increase maritime patrols in the Moro Gulf and in the waters between Zamboanga Peninsula and…

MICT handles record 2M TEU in Dec

The Manila International Container Terminal (MICT) reached its first year-to-date 2-million twenty-foot equivalent unit (TEU) move last December. The flagship operation of global port…

Box shipping fundamentals improved in 2016; carriers to consolidate further in 2017—reports

Even as 2016 witnessed the container shipping industry hitting bottom, it may also be seen as the year the sector finally began to seriously…

BOC chief bares list of importers “under investigation”

The Philippine Bureau of Customs (BOC) has released an initial list of 71 importers and their customs brokers under investigation due to seized shipments.…

Rates up but 2017 still holds further uncertainty for box shipping

Freight rates have increased, but the global container shipping market faces further volatility in 2017 arising from an unpredictable economic and geo-political situation, according…

Shipping’s confidence up at the start of unpredictable 2017

The confidence of the shipping industry remains unsinkable even as it faces what appears to be another challenging, unpredictable year. “Confidence in shipping increased…

Box freight rates soar to highest level in nearly 2 years

Spot container freight rates on the major East-West routes reached a 20-month high in the first week of January and have risen above the…

HMM forms new alliance with 2 intra-Asia carriers

South Korean container shipping line Hyundai Merchant Marine (HMM) announced it has entered into an alliance with two local competitors in a bid to…

Mandatory safety code for gas-fueled ships takes effect Jan 1

A new mandatory code for ships using gases or other low-flashpoint fuels entered into force on January 1, as did new training requirements for…

PH carrier Gothong Southern to offer logistics services with Japanese partner

Philippine domestic liner Gothong Southern Shipping Lines, Inc. has established a joint venture company (JVC) with Japan-based logistics and distribution company Suzue Corporation to…

CAB budget raised 11%, but Marina funding slashed 38%

The Philippine aviation regulatory agency has been allocated a higher budget this year while the maritime authority’s funding was cut. The Civil Aeronautics Board…

2017 seen as year of ‘die-hard competition’ for shipping

Container shipping market conditions improved in 2016 as fleet growth was put under control, but this year will be another challenging one for the…

PH transport security agency starts hearings for draft rules on maritime safety

The Office for Transportation Security (OTS), an attached agency of the Philippine Department of Transportation, is currently conducting consultative meetings focused on revising the…

K Line sues APL for bankruptcy rumors

Japanese ocean carrier Kawasaki Kisen Kaisha, Ltd. (“K’’ Line) said it has filed a civil lawsuit at the Tokyo District Court against Singapore-based APL…

Wan Hai enhances Southeast Asian operations

Taiwanese container carrier Wan Hai Lines will expand further its Southeast Asia network by joining the Thailand-Belawan Service come January. The Thailand-Belawan Service (also…

Tug assistance is optional, PH ports agency clarifies

The Philippine Ports Authority (PPA) said it did not completely suspend the tug assistance requirement but only made it optional in most cases and…

BOC mulls building Manila port facilities

Philippine Customs Commissioner Nicanor Faeldon said he is planning to build “world-class port facilities” in the medium term at the Manila port as he…