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Maritime

2765 posts

Cosco, CSCL merger to shake up East-West box trades—Drewry

The possible merger of box shipping lines China Cosco and China Shipping Container Lines (CSCL) could cause a domino effect on existing carrier alliances…
  • August 17, 2015
  • 3 minute read

Harbor Star’s H1 income plummets 80%

Listed maritime services provider Harbor Star Shipping Services, Inc. reported an 80% decline in net income in the first half of 2015 due to…
  • August 17, 2015
  • 2 minute read

Batangas, Subic ports report spike in container volumes

Container traffic at the ports of Batangas and Subic sustained its upward climb, a trend seen to continue further this year, prompting port operators…
  • August 16, 2015
  • 2 minute read

ACL adds Manila South Harbor to its PH-Singapore feeder service

Singapore-based feeder Advanced Container Lines (ACL) has started calling Manila South Harbor on its North Philippines Service (NP1). ACL on its website said the…
  • August 16, 2015
  • 1 minute read

Maersk Line yields $507M profit despite lower freight rates

The Maersk group said it delivered a “satisfactory profit” in the second quarter of 2015 of US$1.1 billion against $2.3 billion in the same…
  • August 14, 2015
  • 2 minute read

Evergreen signs order for ten 2,800-TEU intra-Asia newbuilds

The Evergreen group is positioning itself for an anticipated regional cargo boom as trade barriers in Asia continue to fall, ordering ten B-type newbuildings…
  • August 13, 2015
  • 2 minute read

DICT to spend P1.8B for additional berth, equipment

The Davao International Container Terminal (DICT) is allocating an estimated P1.8 billion to finance the second phase of its development in a move designed…
  • August 12, 2015
  • 4 minute read

NEDA to decide on fate of P9B Cebu international seaport

The Department of Transportation and Communications (DOTC) will seek approval from the National Economic and Development Authority (NEDA) Board to construct a P9-billion international…
  • August 12, 2015
  • 3 minute read

SBMA upgrades predictions for Subic port box traffic

The Subic Bay Metropolitan Authority (SBMA) has revised upward its projections for container traffic at the port to 130,000 twenty foot-equivalent units (TEUs) in…
  • August 12, 2015
  • 2 minute read

ICTSI first-half income contracts 1.3%

Global port operator International Container Terminal Services, In. (ICTSI) posted a 1.3% decline in net income in the first half of 2015, even as…
  • August 10, 2015
  • 4 minute read

Compliance gaps in PH trade facilitation commitments to ASEAN identified

Despite progress in automating operations at the Bureau of Customs (BOC), there is much room for improvement in the Philippines’ efforts to fully meet…
  • August 10, 2015
  • 5 minute read

Work on Co-Loading Act IRR to start soon

Concerned Philippine government agencies will soon be crafting the implementing rules and regulations (IRR) of the newly signed Foreign Ships Co-loading Act. Bureau of…
  • August 10, 2015
  • 2 minute read

OOCL hit by ‘new post-global financial crisis lows’ on some trade lanes

Both box volumes and revenues for Hong Kong-listed Orient Overseas Container Line (OOCL) fell on all trade lanes in the first half of the…
  • August 10, 2015
  • 3 minute read

Cosco, China Shipping groups told to merge

China’s two logistics and shipping giants Cosco Group and China Shipping Group have reportedly been ordered by the government to merge as Beijing intensifies…
  • August 10, 2015
  • 1 minute read

Cebu Port leases 1.2 hectares to extend container yard

The Cebu Port Authority (CPA) has rented a nearby lot to expand yard space for cargoes and clear congestion at the Cebu International Port (CIP).…
  • August 5, 2015
  • 2 minute read

PH ports well prepped for impact of Co-loading Act

Philippine ports are ready to cope with higher cargo volume following passage of the Foreign Ships Co-Loading Act, according to the Philippine Ports Authority (PPA). PPA general…
  • August 5, 2015
  • 3 minute read

Slowing China economy threatens container growth

The continued slowdown of China’s economy will have an impact on container shipping this year, reducing box volume on global trade lanes by about…
  • August 5, 2015
  • 2 minute read

BOC, PEZA order automates PEZA-to-PEZA goods transfer

The Bureau of Customs (BOC) and Philippine Economic Zone Authority (PEZA) have inked a joint agreement that automates the process of transferring goods between…
  • August 3, 2015
  • 4 minute read

Manila ports to switch on truck booking system by Sept 1

Manila’s international port operators are set to launch in early September a truck booking system for Manila ports designed to help lick the persistent…
  • August 3, 2015
  • 3 minute read