Leased box fleet outlook dims on demand drop, new price lows
Declining rental demand has lowered forecasts for growth of the global leased container equipment operating fleet to little more than 1% in 2016 following…
Marina eyes return of incentives to spur ship re-fleeting
The Philippine Maritime Industry Authority (Marina) is moving to reinstate incentives for domestic shipping operators planning to re-fleet, part of the government’s drive to…
Hapag-Lloyd capital restructuring for UASC merger gets shareholders’ nod
German shipping liner Hapag-Lloyd’s shareholders has approved the creation of new authorized share capital to see through the planned merger with Arabian rival United…
Marina task force to rework outdated shipping rules
The Maritime Industry Authority (Marina) plans to update the Philippine Merchant Marine Rules and Regulations (PMMRR) 1997 to provide clear maritime rules and regulations…
Batangas terminal throughput shoots up 4.9% in Jan-Jul
Batangas Container Terminal (BCT) has steadily sustained higher volumes, handling 85,000 twenty-foot equivalent units (TEUs) of international containers for the first seven months of…
Harbor Star obtains construction contracting license
Maritime services provider Harbor Star Shipping Services, Inc. (HSSI) has secured its contractor’s license, allowing the company to undertake construction contracting projects, including the…
Philippine Customs Commissioner Nicanor Faeldon has appointed officers-in-charge (OICs) to several senior positions at the Bureau of Customs (BOC) that had been vacant since…
PH transport chief lays out long-term plans, including for cargo sector
Philippine Transportation Secretary Arthur Tugade is eyeing the passage of a law that will ensure that a 30-year transportation and traffic roadmap for the…
BOC seminar to teach cargo clearance without engaging customs brokers
The Bureau of Customs (BOC) will hold a whole-day seminar on August 19 on basic customs procedures, rules, and regulations to help importers and exporters…
Slew of bills filed to make PH a competitive maritime center
Several bills have been filed in the 17th Philippine Congress that aim to improve and boost the country’s maritime industry, including by revamping the…
Roberto A. Umali has retired as president of domestic carrier Lorenzo Shipping Corporation (LSC), replaced by Doris Magsaysay-Ho. In a disclosure to the Philippine…
Global port operator International Container Terminal Services, Inc. (ICTSI) reported a net income of US$92.6 million in the first half of 2016, a 12%…
