BOC, DOF sign IRR on duty, tax-free shipment of ‘balikbayan’ boxes
The Philippine Bureau of Customs (BOC) and the Department of Finance (DOF) have signed Customs Administrative Order (CAO) 05-2016, which will allow tax and…
Shipments under PH Co-Loading Act exempt from mandatory filing of consumption entry
The Philippine Bureau of Customs (BOC) has exempted from mandatory filing of consumption entry articles for transit covered by Republic Act (RA) No. 10668,…
Carrier pressure on handling costs to undermine ports’ income
After years of healthy growth, many terminal operators are entering 2017 facing a challenging future, their operations undermined by pressure from carriers to lower…
Ministers and senior officials of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) convened in Palawan for their largest annual meeting to tackle priority…
Denmark-based Maersk Line announced on December 1 that it has reached an agreement to acquire German container shipping line Hamburg Sud from the Oetker…
PH ports agency suspends tug assistance requirement at 14 terminals
Starting December 6, compulsory tug assistance at 14 ports will be suspended, according to the Philippine Ports Authority (PPA). “In the exigency of service,…
EC gives conditional clearance to Hapag-Lloyd and UASC merger
The European Commission (EC) has approved the proposed acquisition by German carrier Hapag-Lloyd of Middle East-based rival United Arab Shipping Company (UASC) subject to…
PH cites benefits for ASEAN ports that link up with Maritime Silk Road
The Philippines is urging members of the Association of Southeast Asian Nations (ASEAN) Ports Association (APA) to align their policies and port infrastructure improvements…
Air freight upbeat as overall logistics sentiments underwhelm
The Stifel Logistics Confidence Index has reached its 14th consecutive month of negative confidence in November, with the numbers suggesting this will continue into…
Volume growth jacks up ATI profit 9.1% in first 9 months
Listed Philippine company Asian Terminals Inc. (ATI), operator of Manila South Harbor and Batangas Port, reported a net income of P1.43 billion for the…
ASEAN ports official identifies 2 biggest challenges of regional ports
Ports in the Association of Southeast Asian Nations (ASEAN) are encouraged to increase capacity to accommodate the changing nature of the shipping industry, specifically…
PPA to identify 5 priority ports for infra dev’t at ASEAN meet
The Philippine Ports Authority (PPA) will present its port infrastructure development plan, particularly five priority ports for improvement, at the 42nd Meeting of the…
