Mandatory consumption entry filing required for shipments where port of discharge is not final port of destination

The Bureau of Customs (BOC) has tightened rules on transshipment with a new order which requires mandatory filing of consumption entry for all imported…

Cebu port cargo volume up 21% in first semester

The Port of Cebu hummed with activity in the first six months of 2015, registering healthy growth in overall cargo volume, box traffic, ship…

Hanjin names first of 8 LPG tankers being built at Subic shipyard

South Korean shipbuilding giant Hanjin Heavy Industry and Construction Co., Ltd.-Philippines (HHIC-Phil) recently unveiled the first Philippine-made liquefied petroleum gas (LPG) carrier built in…

Asia-North Europe peak season not likely to happen, says report

Carriers on the Asia-North Europe trade lanes are not likely to see a spike in demand in the third-quarter peak season and may even…

CMA CGM merges two Asia-Europe services, adds call to Vietnam

French box liner CMA CGM and its Ocean Three partners United Arab Shipping Company and China Shipping Container Lines have agreed to collapse two…

CMA CGM cultivates 66% profit hike despite freight rate plunge

France’s CMA CGM group, the world’s third largest container line, logged a net profit of US$156 million in the second quarter, up 66.7% on…

Top carriers split on plans for their box terminal assets

While global shipping lines are similarly focused on acquiring more and bigger ships, no such uniformity is discernible with their plans for the container…

IRS opens Subic facility for box repair, maintenance

Export containers that need maintenance and repair can now be fixed at Subic port with the recent launch of a maintenance and repair service…

Main sea lanes still key player in box trade growth, says report

Intra-Asian trade routes are regarded as a major catalyst for global trade expansion over the last decade in terms of box growth, but the…

Hapag-Lloyd swings to profit with CSAV merger

German box liner Hapag-Lloyd is reaping the benefits of the merger with Chilean shipping line Compania Sud Americana de Vapores (CSAV) as reflected in…

Stifel: sea cargo growth fails to buoy sliding expectations

Ocean volumes rose slightly in August but this failed to lift shippers and forwarders’ outlook for an overall demand slowdown over the rest of…

Rate erosion in Asia-Europe trades quickens

Ocean freight rates continued their decline last week, falling US$$171 to $469 per twenty-foot equivalent unit (TEU) on the Asia-Northwest Europe trade lane, according…

Vietnam government moves to tame liner ‘overcharging’

The government of Vietnam is planning to come up with rules to lower shipping charges and make shipping lines’ fees more transparent amid accusations…

Carrier on-time performance slides in July

Mitsui O.S.K. Lines (MOL) dislodged usual leader Maersk Line as the most reliable carrier for July, as overall box ship reliability fell slightly from…

5 Davao-Sasa port bidders hurdle prequalification

All five groups that submitted pre-qualification documents for the modernization of Davao-Sasa port are eligible to bid for the government’s first seaport public-private partnership…

Top 20 carriers improve scores in on-time reliability

Global shipping lines improved their overall schedule reliability for key trade lanes, rising to 76.5% in the second quarter of 2015 from 69.6% in…

Harbor Star to expand business scope

Listed marine service provider Harbor Star Shipping Services, Inc. has secured approval from the Securities and Exchange Commission (SEC) to expand its business portfolio…

G6 calendars more Asia-Europe void journeys for October

The G6 Alliance said it plans to carry out additional four void sailings within its Asia-Europe network “in response to changes in market demand.”…

ATI improves profit by 7.8% in first half

Listed port operator Asian Terminals Inc. (ATI) posted a net income of P1.005 billion in the first six months of 2015, up 7.8% from…

Number of domestic carriers on PH waters rises 8.6%

Domestic vessels plying Philippine waters increased 8.6% to 22,034 ships as of June 2015 from 20,280 vessels in the same period last year, data…