PH a bright spot in an otherwise gloomy global economy-ICTSI

Amid a contracting global economy, the Philippines remains a bright spot this year, especially with the expected resurgence in the country’s manufacturing industry, according…

Lorenzo Shipping sees reversal of fortunes in 2015

Philippine carrier Lorenzo Shipping Corporation (LSC) reported a net loss of P231 million in 2015 from a net income of P44 million in 2014,…

Marina changes process for filing emergency requests by PH-listed ships

The Maritime Industry Authority (Marina) has revised the procedure for filing urgent requests, applications, and reports during weekends, non-working days, and after-office hours by…

Korea’s Hanjin Shipping proposes restructuring as debts mount

South Korea’s Hanjin Shipping Co. said it has applied for approval from creditors to undertake restructuring measures in an attempt to bail itself out…

Top box liners bare new merger, alliance moves amid depressed market

As container lines struggle to remain profitable in a market beset by overcapacity and weak demand, two liners have announced merger talks, while four…

G6 Alliance announces Asia-North America service changes

The G6 Alliance will launch a new service on the Asia-North America trade and make improvements to its current services on the U.S. East…

TABS website to add feature promoting greater transparency

Port operator International Container Terminal Services, Inc. (ICTSI) may soon add a feature on the Terminal Appointment Booking System (TABS) website that would allow…

Cha-Ro addition to Ro-Ro services a boon to Mindanao economy, connectivity

The inclusion of chassis roll-on/roll-off (Cha-Ro) service in the Road Roll-on/Roll-off (Ro-Ro) Network System (RRTS) will reduce domestic cargo handling costs and strengthen connectivity…

Logistics confidence up over March but still little to rejoice about

Following the dip in results in March, April saw a return to the trend of month-on-month improvements in air and sea freight seen in…

ATI income down 7% in 2015

The income of listed Philippine port operator Asian Terminals Inc. (ATI) declined 7% in 2015 to P1.767 billion from P1.901 billion in 2014. Revenues…

Harbor Star’s income drops 45% to P68M in 2015

Integrated marine service provider Harbor Star Shipping Services, Inc. reported a decline of 45.2% in net income in 2015 due to lower revenues from…

Mindanao & Visayas shipping conferences set 27-28 April 2016

Transport stakeholders will converge for the second Mindanao Shipping Conference on April 27, 2016 at the Waterfront Insular Hotel Davao and the first Visayas…

Contract box rates on East-West trades to dive further, forecasts Drewry

Maritime consultancy and analyst Drewry predicts that contract freight rates will fall even more steeply this year as they play “catch up” to spot…

PPA explains how storage fees are computed

The Philippine Ports Authority (PPA) has clarified the process for assessing storage charges of outbound domestic cargoes at ports it supervises. In Port Operations…

New BOC ruling on higher tariff ‘disastrous’ to meat processing industry—exporters

The Philippine Exporters Foundation Region III (PhilExport R3) is requesting the Bureau of Customs (BOC) to reconsider the reclassification of tariff headings for certain…

EO in the way of accreditation body for PH multimodal transport operators

The push to have a national accreditation body for multimodal transport operators (MTOs) in the Philippines, one of the integrative actions being pursued by…

EO broadens PH Ro-Ro system to include Cha-Ro

Philippine President Benigno Aquino III has signed an executive order (EO) expanding the country’s Roll-on/Roll-off Terminal System (RRTS) to include chassis Ro-Ro (Cha-Ro), a…