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Maritime

2765 posts

PPA compliant with new SOLAS rule on mandatory verification of box weight

Philippine ports are ready for the implementation of the International Maritime Organization (IMO) requirement to mandatorily verify weight of packed containers from July 2016,…
  • November 22, 2015
  • 3 minute read

PPA updates Orange Book rules on shipping dangerous goods

The Philippine Ports Authority (PPA) will launch in December an updated version of its rule book on safety, health, and environmental management (SHEM), which…
  • November 22, 2015
  • 2 minute read

Asia-US box lines announce rate, non-rate adjustments heading into 2016

Container carriers on the Asia-U.S. trade lane are undertaking a phased rate hike in the next two months and making rate and non-rate adjustments…
  • November 21, 2015
  • 3 minute read

2Go posts 44% hike in income

2Go Group, Inc. reported a 44.4% growth in net income for the first nine months of the year, owing largely to the positive performance…
  • November 20, 2015
  • 2 minute read

Lorenzo Shipping losses balloon by 47,128% in Q3

Philippine listed domestic carrier Lorenzo Shipping Corp. (LSC) reported a net loss of P164.54 million for the third quarter of the year from only…
  • November 20, 2015
  • 2 minute read

Blanked sailings, service suspension drag box carriers’ punctuality

Box vessels fell slightly behind in reliability in October, partly owing to network suspensions and void sailings, and the slower service is expected to…
  • November 20, 2015
  • 2 minute read

Ship operating costs seen to inch up in 2016-2017

The cost of operating cargo ships is forecast to rise over the next two years after falling in 2015, according to the latest “Ship…
  • November 18, 2015
  • 2 minute read

DICT container volume jumps 24.8% in first 10 months

DAVAO CITY, PHILIPPINES — Davao International Container Terminal (DICT) said it expects double-digit growth in its 2015 container throughput, with volumes for the first…
  • November 16, 2015
  • 3 minute read

PH carriers blame North Port’s new gate system for truck queues

Domestic shipping lines are asking Manila North Harbour Port, Inc. (MNHPI) to put on hold implementation of the newly installed automated gate system at…
  • November 16, 2015
  • 3 minute read

Harbor Star posts 74% profit slip in first 9 months

Marine services provider Harbor Star Shipping Services, Inc. reported a 74% decline in net income for the first nine months of 2015 to P27.173…
  • November 16, 2015
  • 2 minute read

Subic hits 100,000th container mark

SUBIC BAY FREEPORT — Subic’s New Container Terminal 2 (NCT2) recently received its 100,000th container, a milestone for the port. Subic Bay Metropolitan Authority (SBMA)…
  • November 16, 2015
  • 2 minute read

Manila port congestion ‘very likely’ to recur – gov’t study

The congestion at the Port of Manila in 2014 sharply demonstrated the extent of damage that poorly planned and badly coordinated policymaking can inflict…
  • November 10, 2015
  • 3 minute read

PH cargo throughput down 35% in first three quarters

Muted global trade clipped by 35.4% cargo volume handled by Philippine ports in the first nine months of 2015 to 104.671 million metric tons…
  • November 10, 2015
  • 2 minute read

ICTSI unveils mobile app for tracking shipments at Manila port

Port operator International Container Terminal Services, Inc. (ICTSI) has introduced a mobile application that allows clients of its flagship operation, Manila International Container Terminal…
  • November 10, 2015
  • 2 minute read

Manila ports to soon allow automatic TABS booking for paid cargoes

Shipments that have registered with the online cargo release system (OLRS) and have paid terminal and shipping charges are soon to get automatic booking…
  • November 9, 2015
  • 3 minute read

NOL confirms ongoing acquisition talks with Maersk, CMA CGM

Neptune Orient Lines Limited (NOL) has confirmed media reports that it is holding separate initial talks with two of the world’s biggest shipping firms…
  • November 9, 2015
  • 2 minute read

Maersk Line Q3 profit shrinks as freight rates decline to ‘new historical lows’

Danish oil and shipping conglomerate A.P. Moller-Maersk said it delivered a group profit of US$778 million in the third quarter of the year, down…
  • November 6, 2015
  • 3 minute read

Manila sea traffic limited during APEC summit

Maritime traffic in some areas in Metro Manila will be prohibited during the Asia-Pacific Economic Cooperation (APEC) Summit in the country this month, according…
  • November 5, 2015
  • 2 minute read

Maersk Line withdraws more capacity, drops plan to invest in more ships

Danish carrier Maersk Line said it is no longer pushing through with plans to acquire more mega vessels as part of it intensified campaign…
  • November 4, 2015
  • 2 minute read