Ex-Clark Development chief offered transport portfolio

Presumptive Philippine President Rodrigo Duterte has called on two allies to head the Department of Transportation and Communications (DOTC) and the Department of Finance…

ICTSI Q1 profit down 20% on lower volumes, higher expenses

Global port operator International Container Terminal Services, Inc. (ICTSI) posted a net income of US$45.054 million in the first quarter of 2016, a decline…

6 box liners strike deal to set up ‘THE Alliance’ to ply all East-West trades

Six ocean carriers are forming a new alliance that will grab an 18% share of the global container fleet capacity, Hapag-Lloyd announced today in…

DICT’s Phase 2 expansion to double port capacity to 700,000 TEUs

Just two years after its initial operation, Davao International Container Terminal’s (DICT) annual capacity will double to more than 700,000 twenty-foot equivalent units (TEUs)…

ASEAN transport officials adopt logistics dev’t plan

Regional senior transport officials recently agreed to adopt during their 41st meeting in the Philippines the Kuala Lumpur Transport Strategic Plan (KLTSP) 2016-2025 outlining…

Bad market conditions greet container shipping in Q1

The container shipping industry just can’t seem to catch a break as the overall market environment in the early months of 2016 continues to…

BIMP-EAGA, Australia to co-produce supply chain study

Senior officials of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) and Australia’s Northern Territory (NT) have agreed to prepare a preliminary scoping report…

$105M net loss for NOL as freight rates touch historic lows

Neptune Orient Lines (NOL) saw a net loss after tax of US$105 million in the first quarter of 2016, attributing the contraction to a…

MICT slashes by 50% booking fee for TABS high-demand slots

Rates for the high-demand zone under the Terminal Appointment Booking System (TABS) have been reduced by half for a limited period as Manila International…

DTI lists excess charges PH forwarders should stop collecting

The Philippine Department of Trade and Industry (DTI) is once again warning freight forwarders not to impose charges not stipulated in the issuances and…

ATI’s cash dividend of P820M a 30-year record high

Listed port operator Asian Terminals Inc. (ATI) declared a total cash dividend of P820 million, or 41 cents per share, as it delivered another…

Fitch: M&As more effective than alliances for capacity cuts

There will be increased movement toward mergers and acquisitions (M&As) in the shipping industry as carriers begin to see them as the better solution…

Queues at Manila port shorten as truckers get the hang of TABS

Truck arrivals have begun to spread out within the 24-hour period, weeks after port operators started to strictly implement the Terminal Appointment Booking System…

IMO adopts mandatory electronic exchange of shipping information

The mandatory electronic exchange of information on cargo, crew, and passengers has been adopted by the International Maritime Organization (IMO) as the agency aims…

Advance manifest submission implemented on May 1

The Bureau of Customs (BOC) rules on advance manifest submission was implemented beginning May 1 under a “transition” period that will last until May…

Box liners reverse 5-month backslide in punctuality

Ocean box carriers bucked a five-month downward trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule reliability…