OOCL revenue plunges 13.8% in Q3 despite volume growth
Hong Kong-based carrier Orient Overseas Container Line (OOCL) reported higher volumes in the third quarter of 2016, but this did not arrest overall revenue…
The Philippines has ratified the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), which is expected to lower trading costs for local businesses once…
Marina corrects timing of random ship checks to prevent departure delays
The Maritime Industry Authority-Enforcement Group (Marina-ES) has agreed to conduct random inspection of vessels while the ships are unloading cargo—not while they are set…
PPA forges ties with Port of Antwerp to sharpen PH supply chain
The Philippine Ports Authority (PPA) has agreed to engage in maritime capacity building and technical cooperation with the Port of Antwerp International (PAI) and…
Chinese firm to set up ship-to-ship business in Subic
Chinese firm Jovo Group Company Ltd. Guangdong (Jovo), a clean energy service provider, said it is ready to begin ship-to-ship (STS) transfer operations…
Hanjin withdrawal not enough to generate profit on Asia-ME/SA trade
Bankrupt Korean line Hanjin’s exit from the overcrowded Asia to the Middle East and South Asia (ME/SA) trade will reduce competition and lift utilization…
Maersk wins order for 4,000 new integrated reefers from Seatrade
Seatrade, a specialist in reefer services and the world’s largest specialized reefer carrier, has ordered 4,000 new integrated reefers valued at more than US$55…
South Korea’s second leading ocean carrier Hyundai Merchant Marine Co. (HMM) is considering bidding for its bigger local rival Hanjin Shipping Co.’s Asia-U.S. route,…
Subic activates online payment for port transactions
Stakeholders in Subic can now pay their port dues online through Subic Bay Metropolitan Authority’s (SBMA) Electronic Billing and Payment System (eBPS). eBPS, carried…
S Korea cargo truckers stage strike amid walkout by railroad workers
Government officials in South Korea downplayed yesterday the strike staged by unionized cargo truck drivers on Monday, October 10, saying it has caused no…
SUBIC BAY FREEPORT — Newly-appointed Subic Bay Metropolitan Authority (SBMA) chairman Martin Diño is eyeing to strengthen and widen trade in the Subic Bay…
The Maritime Industry Authority (Marina) generated P597.889 million in revenue for the first six months of 2016, up 21% from last year’s P492.502 million,…
Hyundai Merchant Marine (HMM) is adopting the eVGM Service of INTTRA, the world’s ocean shipping electronic marketplace, to facilitate compliance with the International Maritime Organization’s Safety of Life…
