Record demolition augurs well for boxship industry, says Bimco
Containership demolition has reached an all-time high and provides a positive surprise for the struggling container shipping industry, according to the Baltic and International…
Geopolitical instability and regulatory uncertainty emerged as the biggest among five major threats facing the transportation industry, according to results of a survey done…
THE Alliance unveils plans for East-West service network
Members of THE Alliance have announced a shipping transport network offering consisting of 31 services covering all East-West trade lanes, tentatively set to start…
BOC introduces draft rule on tax, duty-exempt import perks for OFWs
The draft customs administrative order (CAO) on the tax- and duty-exempt privileges for importations of personal and household effects by returning residents and overseas…
Cebu port sets cut-off delivery time for export cargo undergoing weighing
The Cebu Port Authority (CPA) is imposing a delivery cut-off period for outbound/export shipments that have been weighed before loaded onto a vessel at…
IMO adopts oil usage data requirements, GHG roadmap for shipping
New mandatory requirements to control greenhouse gas (GHG) emissions in international shipping have been recently adopted by the International Maritime Organization (IMO). Under the…
Mandatory global sulfur cap in shipping takes effect 2020
The International Maritime Organization (IMO) has decided on January 1, 2020 as the implementation date for a significant reduction in the sulfur content of…
Container line’s loss deflates Maersk group profit in Q3
A.P. Moller-Maersk delivered a profit of US$438 million in the third quarter, down from $778 million in the same period last year, negatively impacted…
Higher freight rates seen as supply-demand gap improves
Container shipping’s massive supply-demand imbalance is expected to narrow going into 2017, leading to higher freight rates for box shippers, according to shipping analysts.…
OCEAN Alliance bares service network, eyes April launch
Members of the OCEAN Alliance—Orient Overseas Container Line (OOCL), Cosco Container Lines, CMA CGM, and Evergreen Line—have unveiled their service network covering six trade…
S Korean gov’t forms rescue plan for shipping industry
The South Korean government has announced a sweeping industrial restructuring plan to stave off the deterioration of the local shipping industry, including massive orders…
Draft PH customs order hikes tax exemption for balikbayan boxes
A draft customs administrative order (CAO) governing the consolidated shipment of duty- and tax-free balikbayan boxes (personal effects from overseas Filipino workers) and increasing their…
Japan’s 3 biggest carriers to merge box shipping, port businesses
Three major Japanese liners have bared plans to combine container shipping and overseas terminal operations as the industry grapples with overcapacity, weak demand, and…
Logistics industry’s confidence goes up ever so slightly
The Stifel Logistics Confidence Index for October remained below the neutral mark at 49.4, but once more noted a slight improvement against the previous…
