No letup in downward rate pressure seen for box shipping

The container ship industry started off 2015 on a positive note as demand seemed to take off, but the second half made a dramatic…

Updated PH Orange Book on port safety effective Jan 14

The Philippine Ports Authority (PPA) will implement on January 14 the updated and revised version of its rule book on safety, health, and environmental…

Tug assistance compulsory at PH port of Surigao

From January 14, all foreign and domestic vessels of at least 500 gross registered tonnage (GRT) which dock and undock at the baseport of…

Marina lists new IMO rules affecting carriers from 2016

The Maritime Industry Authority (Marina) is calling on overseas shipping companies registered in the Philippines to get ready for the enforcement of several International…

East-West freight rates retreated further in fourth quarter

Ocean contract freight rates on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry’s Benchmarking Club,…

Mindanao Container Terminal posts 11.5% box volume fall in 2015

Container traffic at Mindanao Container Terminal (MCT) fell 11.5% in 2015, its lowest volume in five years. Data from the Phividec Industrial Authority (PIA)…

2015 box rates fell to lowest in 6 years, says Drewry

The container shipping industry may have seen freight rates eroded by as much as 9% in 2015, and this year is not expected to…

PPA working to privatize 5 ports in 5 years

The Philippine Ports Authority (PPA) will continue to pursue modernization of four key ports in Visayas and Mindanao, in addition to Davao-Sasa, with the…

Logistics sector logs record-low confidence amid steady performance decline

The logistics industry demonstrated its lowest confidence level yet in reaction to the unremitting difficulties besetting the sector, according to the latest Stifel Logistics…

Cebu Port Authority lists facilities for proposed P19.3B container terminal

Targeted for construction next year, Cebu’s proposed P19.3-billion international container terminal will have two 250-meter berths and four quay cranes, according to the Cebu…

BIR ruling clears up VAT exemption for int’l cargo, passenger transport

A newly released ruling of the Bureau of Internal Revenue (BIR) clarified the coverage of value-added tax (VAT) exemptions for the passenger and cargo…

Container ships showcase sailing reliability

Box carriers’ sailing schedule reliability was unchanged in November as the average on-time performance across all trades slipped by just 0.8 percentage points against…

Volatility deflates shipping confidence over freight rate hikes

Overall confidence levels in the shipping industry fell in the three months to November 2015, with respondents expressing negative sentiment that freight rates will…

Box freight rates dipped to new lows in 2015, says report

Freight rates on the east-west trades experienced “devastation” this year, with new all-time lows recorded on the Asia-Northwest Europe (NWE) and U.S. East Coast…

Deadline for bids to P19.7B Davao port upgrade extended anew

The Department of Transportation and Communications (DOTC) has again moved the deadline for the submission of proposals for the P19.7-billion Davao-Sasa port modernization project…

Robust Asia-US trade prevents sharper decline in global box traffic, report says

The trans-Pacific trade stood out in 2015 as one of the few maritime lanes to show strong performance, as overall global container trade growth…

Thai logistics industry’s revenue to balloon to $96B in 2019—Frost & Sullivan

Thailand’s logistics sector stands to benefit from the country’s ambitious plans to become a prominent player in the Association of Southeast Asian Nations (ASEAN)…

Asian Terminals thumbs down changes to TABS

Manila South Harbor operator Asian Terminals Inc. (ATI) said it will not make changes to the Terminal Appointment Booking System (TABS) to, among others,…

Box carriers announce GRI on US-Asia trade as Asian demand wanes

Member box lines in the Transpacific Stabilization Agreement (TSA) are attempting a general rate increase (GRI) on dry cargo transported on the U.S.-Asia trade…

P9B Cebu container port to begin construction Q3 2016

Construction of the new P9.13-billion Cebu International Containerized Port could start by the third quarter of 2016, according to the chief of the Cebu…