BOC defines grounds for declaring cargo as abandoned

The Bureau of Customs (BOC) has issued guidelines on the process for identifying and disposing of abandoned shipments. Customs Commissioner Alberto Lina signed on…

China-SEA trade boom spurs intra-Asia box traffic

While global container trade is in slowdown mode, intra-Asia commerce is buoyant in contrast. But Clarkson says this is in large part fueled by…

NOL carves 2Q profit mainly from logistics sale, cost savings

Singapore-based Neptune Orient Lines (NOL) said it achieved a net profit of US$890 million in the second quarter of the year compared to a…

CSCL orders 8 newbuilds while MSC and CMA CGM welcome theirs

Ocean carrier China Shipping Container Lines (CSCL) is buying eight new box ships with individual capacities of 13,500 twenty foot-equivalent units (TEUs) for US$934.4…

5 companies eye Davao Sasa port

Five local and foreign firms submitted pre-qualification documents as they vie for the P18.99-billion Davao Sasa modernization project, the Aquino administration’s first seaport project under…

PH cargo, passenger ships ordered to install auto ID system

Philippine shipping companies are now required to install and operate the automatic identification system (AIS) on passenger ships weighing at least 300 gross tonnage…

G6 upgrades Loop 7 service, cancels 4 more Asia-Europe sailings

The G6 Alliance is improving its service in the Asia-Europe trade with additional port calls to Gothenburg and Antwerp. The announcement follows an earlier…

PH stakeholders hail signing of Co-loading Act

Private and public stakeholders expressed support for the newly signed Foreign Ships Co-loading Act, saying the new law will promote healthy competition, more competitive…

MCC moves Subic calls to midweek

Intra-Asia carrier MCC Transport has revised its weekly direct calls to the Port of Subic. MCC revised its Intra-Asia 4 (IA4) service and changed…

OOCL records lower liftings, revenues in Q2 and H1

Hong Kong-listed container shipping liner Orient Overseas Container Line (OOCL) saw declines in its overall volume and sales in both the second quarter and…

Box carriers’ on-time reliability improves further

Ocean carriers’ container service reliability continues to improve, and this could be partly linked to the launch of new alliances early this year, according…

Customs revises stuffing inspection policy for PH exports

The Bureau of Customs (BOC) has issued an order that identifies export shipments where stuffing inspection must still be conducted. Customs Memorandum Order (CMO)…

Asia-Europe freight rates still plummeting

Ocean carriers in the red are predicted to encounter even more turbulent waters ahead as freight rates on the Asia-Europe trade lane continue to…

ASEAN integration requires liberalization of PH maritime industry — gov’t study

The Philippine government needs to implement reforms geared toward a more liberalized and competitive maritime industry to realize the benefits from the Association of…

BOC exempts PEZA companies from load port survey

Philippine Economic Zone Authority (PEZA) enterprises are no longer required to secure a load port survey (LPS) for their bulk and break-bulk shipments. Under…

Subic port introduces pre-advise system for export shipments

Traffic at the port of Subic is expected to flow more smoothly following the implementation of a pre-advise system for all export cargoes seen…

NOL: No decision yet on potential company sale

Singapore-based global carrier Neptune Orient Lines Limited (NOL) says there is yet no decision made to enter into any agreement to sell the company,…

2Go eyes 25% income uptick in 2015

Listed company 2Go Group, Inc. forecasts a 25% hike in net income to P1.1 billion in 2015 from P880 million in 2014, the boost…