PPA shifts to decentralized revolving fund facility for easier port payment
On January 3, 2016, port stakeholders may begin availing of the new decentralized revolving fund (RF) payment scheme of the Philippine Ports Authority (PPA)…
PH Senate oks on 2nd reading Customs modernization act
The Philippine Senate last night approved on second reading Senate Bill 2968 or the Customs Modernization and Tariff Act (CMTA). The Department of Finance…
Cosco, CSCL merger gets nod to create world’s fourth biggest box line
China’s two biggest shipping conglomerates—China Cosco and China Shipping Container Lines (CSCL)—are officially merging following approval by the Cabinet, a development that will produce…
Manila North Port can now handle international cargoes
The Bureau of Customs (BOC) has awarded Manila North Harbour Port, Inc. (MNHPI), operator of domestic terminal North Port, a certificate of authority to…
Manila ports’ cargo-handling rates up 8% in end-Dec
The approved 8% increase in vessel and cargo-handling rates for Manila South Harbor and Manila International Container Terminal (MICT) will take effect December 28,…
The Bureau of Customs (BOC) has released revised uniform rates that will be charged by off-dock container yard/container freight stations (OCCs) starting January 1,…
SEIPI unveils wish list for improved trade facilitation
The Philippine electronics industry has identified four trade facilitation policy reforms that it wishes the government to prioritize, saying these will help the industry…
Co-Loading Act IRR ready in 2 months, assures Lina
The implementing rules and regulations (IRR) of the Foreign Ships Co-Loading Act will likely be issued in February 2015, according to Philippine Customs commissioner…
ASEAN bares ambitious regional roadmap for multimodal transport development
The Association of Southeast Asian Nations (ASEAN) envisions transport cooperation that fosters regional competitiveness and inclusive growth by the year 2025 through a comprehensive…
Carriers laud Singapore’s decision to extend exemption for liner shipping pacts
Shipping lines in Singapore welcomed the decision by the Minister for Trade and Industry to extend the exemption of certain liner shipping agreements (LSAs)…
Zim achieves profit even as freight rates hit new lows
Israeli container shipping carrier Zim Integrated Shipping Services said that despite a challenging market environment, it achieved its fourth consecutive quarter of operating income…
International Container Terminal Services, Inc. (ICTSI) inaugurated on November 26 Yard 7 of the Manila International Container Terminal (MICT) at the same time commissioned…
Singapore extends exemption of vessel sharing pacts from antitrust law
Singapore’s Ministry of Trade and Industry (MTI) announced the extension for another five years of the exemption of vessel sharing agreements from the anti-competition…
ASEAN study marks milestones in regional transport connectivity
With regional integration slated next year, the Association of Southeast Asian Nations (ASEAN) in a new report said several transport projects are already being…
ASEAN urges acceleration of domestic reforms for faster regional transport upgrade
The Association of Southeast Asian Nations (ASEAN) recommends the ratification of signed protocols and acceleration of domestic reforms needed to achieve transport facilitation through…
Keep an eye on new IMO amendments, MARINA tells maritime stakeholders
The Maritime Industry Authority (MARINA) has reminded shipping lines and other stakeholders of four amendments to International Maritime Organization (IMO) Conventions effective in January…
Davao International Container operator calls for level-playing field at Davao-Sasa
DAVAO CITY — Anflo Management and Investment Corp. (Anflocor), which owns Davao International Container Terminal (DICT) in Panabo, Davao del Norte, said it is…
