Newbuilding orders plunge to lowest level in 20 years

The travails of the shipping industry are spilling over to the shipbuilding sector, which has so far been booking the smallest volume of newbuilding…

‘There will very likely be more Hanjins,’ warns report

The passing of South Korean ocean shipping behemoth Hanjin is not an isolated case and, given the current situation in the industry, there is…

Suit eyed vs insolvent MOF Co for return of Hanjin container deposits

The Aduana Business Club, Inc. (ABCI), in behalf of more than 50 customs brokers, is planning a class suit against shuttered MOF Company, Inc.,…

Mindanao Container Terminal first-half throughput up by 18%

Cargo volume handled by Mindanao Container Terminal (MCT) rose 18.3% in the first half of 2016 to 102,751 twenty-foot equivalent units (TEUs) from 86,816…

Namsung Shipping to launch Manila-Busan direct connection

South Korea-based carrier Namsung Shipping Co., Ltd. will start a new direct weekly service from Manila port to Busan on October 1, 2016. The…

PH president inaugurates expanded Davao container terminal

Philippine President Rodrigo Duterte has inaugurated Davao International Container Terminal, which recently completed its P5-billion expansion program. The expansion increases the container terminal’s handling capacity…

Hanjin gets court protection to unload cargo at US ports

Cash-strapped Hanjin Shipping Co. has been given provisional court protection in the U.S. to unload cargo at some ports without worrying about its ships…

Power to alert PH shipments now exclusive right of Office of the BOC Commissioner

The power to issue alert orders in the Philippines now rests solely with the Bureau of Customs (BOC) Office of the Commissioner (OCOM), based…

2M alliance announces new trans-Pacific trade services

The 2M alliance of Maersk Line and Mediterranean Shipping Co. (MSC) has  announced a new trans-Pacific trade service following the filing of receivership by…

PPA escalates PH outport upgrades, reviews Davao-Sasa project

The Philippine Ports Authority (PPA) will continue to modernize ports, especially those in southern Philippines, to heighten their capability to handle cargoes coming from…

6 lines begin co-loading foreign cargo for domestic transshipment in PH

Six foreign carriers operating in the Philippines are now taking advantage of the provisions of the Foreign Ships Co-Loading Act, according to Association of…

Box freight rates surge as Hanjin goes belly-up

Spot container freight rates on the major routes from Asia soared by up to 42% on Thursday, September 1, following the collapse of Hanjin…

Hanjin’s crash to leave a huge mess, says Drewry

South Korean carrier Hanjin Shipping’s filing for court receivership last week debunks the notion of the invincibility of major container carriers and brings short-…

Full effects of Hanjin’s collapse not yet clear on PH shippers

None of the shipments carried by beleaguered Hanjin Shipping are so far on hold at Philippine ports, according to a Philippine Ports Authority (PPA)…

PH ports’ cargo throughput up 12.5% in first semester

Cargo volume handled by Philippine ports grew 12.5% in the first half of 2016, with both foreign and domestic segments registering improvement during the…

NYK’s auto storage facility to rise in Cabuyao, Laguna

Port operator International Container Terminal Services, Inc. (ICTSI), NYK Auto Logistics Philippines (NALP), and other project partners recently led the ground breaking ceremony on…

PH bulk, break bulk terminals need improvement, PPA told

Along with improving container ports, the Philippine Ports Authority (PPA) should also develop bulk and break bulk terminals, according to a port executive. Ramon…

Car carrier Anji Shipping makes maiden call to PH

China-based automotive logistics provider Anji Shipping, Inc. embarked on a maiden call in the Philippines last week with a car carrier that discharged trucks…

Hanjin out of CKYHE alliance, has 45 vessels rejected at ports

Beleaguered Hanjin Shipping Co., South Korea’s leading container shipper currently under receivership, said September 2 that 45 of its ships, including 41 container carriers,…