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Maritime

2765 posts

Cebu port authorities to release VGM rules in mid-June

The rules for the implementation of the International Maritime Organization’s (IMO) verified gross mass (VGM) policy at the Cebu International Port (CIP) will be…
  • June 6, 2016
  • 3 minute read

2M’s Asia-North Europe loop to aim for fast transit through fewer calls

The new ocean shipping alliances are expected to trumpet faster transit times and reliability to lure shippers, and to achieve this feat, they are…
  • June 6, 2016
  • 2 minute read

PH eyes development of sea linkages to boost Mindanao growth

The Philippine government is developing and enhancing certain sea routes connecting Mindanao with other Association of Southeast Asian Nations (ASEAN) to boost economic activities…
  • June 4, 2016
  • 3 minute read

PH Customs modernization act signed into law

Philippine President Benigno Aquino III on May 30 signed into law the long-awaited Customs Modernization and Tariff Act (CMTA). Republic Act (RA) No. 10863 or…
  • May 30, 2016
  • 6 minute read

Asia-North Europe freight demand inches up

Since the middle of April, the Asia-North Europe westbound trade has taken a turn for the better with many carriers reporting full ships with…
  • May 30, 2016
  • 3 minute read

New PH law tags agricultural smuggling as economic sabotage

Philippine President Benigno Aquino III on May 23 signed into law a measure that declares large-scale agricultural smuggling as an act of economic sabotage…
  • May 28, 2016
  • 4 minute read

PH cargo volume up 6.4%, box traffic down 9% in Q1

Cargo volume handled by Philippine ports increased 6.4% in the first quarter due to higher foreign and domestic cargoes handled. Data from the Philippine…
  • May 25, 2016
  • 2 minute read

Confusion high over new container weighing rule, says Drewry

With just over a month to go before a new safety regulation comes into effect mandating container weighing, there is still much confusion over…
  • May 25, 2016
  • 3 minute read

ICTSI’s Iraq terminal upgrades operating system

Basra Gateway Terminal (BGT), the container terminal in Iraq of port operator International Container Terminal Services, Inc. (ICTSI), has upgraded its terminal operating system…
  • May 24, 2016
  • 2 minute read

BOC orders manual processing for PEZA transhipments while e2m slowdown persists

Transhipment applications from Philippine Economic Zone Authority (PEZA) locators will have to be processed manually by the Bureau of Customs (BOC) while the agency…
  • May 23, 2016
  • 3 minute read

Implementing rules for PH Co-Loading Act out

The implementing rules and regulations (IRR) for the Foreign Ships Co-Loading Act, which allows foreign vessels to transport Customs-cleared foreign cargoes to multiple Philippine…
  • May 23, 2016
  • 4 minute read

Lorenzo Shipping swings to P67M loss in Q1

Philippine carrier Lorenzo Shipping Corporation (LSC) reported a net loss of P67 million for the first quarter of 2016 from a net income of P16…
  • May 23, 2016
  • 2 minute read

Depressed rates push CMA CGM, Hapag-Lloyd into red territory

Despite volume growth, French liner CMA CGM reported a net loss of US$100 million in the first quarter of 2016 from a net profit…
  • May 22, 2016
  • 3 minute read

Box ship capacity projected to top 20 million TEUs this year

The container shipping fleet is expected to break through the 20 million TEU barrier this year, prompted largely by the arrival of mega ships,…
  • May 20, 2016
  • 2 minute read

Korean box carriers stagger from severe losses

South Korea’s two largest container carriers posted massive losses in the first quarter, hard hit by plummeting freight rates, the already troubled firms reported.…
  • May 18, 2016
  • 2 minute read

Manila North Harbor seeks 37.5% hike in cargo-handling tariff

Shipping stakeholders on May 17 attended the first public hearing on port operator Manila North Harbour Port, Inc.’s (MNHPI) request for a 37.5% increase…
  • May 17, 2016
  • 3 minute read

Asian Terminals records 41.2% drop in Q1 income

Philippine port operator Asian Terminals Inc. (ATI) reported a 41.2% decline in net income for the first quarter of 2016 due to low storage…
  • May 17, 2016
  • 2 minute read

Harbor Star’s Q1 income up 4% on performance of key units

Positive performances from harbor assistance, tug, and other marine services resulted in a 4% increase in first quarter 2016 net income for listed marine…
  • May 17, 2016
  • 1 minute read