Shipping confidence nosedives to 7-year low

Low freight rates and overtonnaging dimmed the overall confidence of shipping stakeholders during the three months to May 2015 to a level equal to…

Cosco to acquire 9 mega ships, Evergreen names latest newbuild

Chinese shipping group Cosco is set to beef up its fleet with an order for nine 20,000-TEU ships as the fever to own mega…

Lorenzo Shipping almost doubles capital outlay for 2015

Listed Philippine carrier Lorenzo Shipping Corp. is allotting P600 million as capital expenditure for this year, for use in acquiring land-based equipment and facility as…

PH shipping lines craft industry roadmap

The domestic shipping sector is crafting a 20-year maritime roadmap to help guide Philippine policy makers, according to Doris Magsaysay-Ho, chief executive officer and president…

Confidence in global freight demand slips

After a promising six-month outlook, the outlook for the freight forwarding market has since tempered, according to the latest results of the Stifel Logistics…

Cargo traffic in PH up 6.3%

Cargo throughput handled by Philippine ports in the first four months of 2015 increased 6.34% to 66.6 million metric tons (mmt) from 62.63 mmt…

PH box liners threaten to drop calls to Iloilo over berthing woes

Domestic container lines in the Philippines are considering stopping their weekly operations at Loboc and San Pedro ports in Iloilo, 564 kilometers south of…

6 carriers set to open 2 loops in Asia-South America trade

Japanese box liner Nippon Yusen Kaisha (NYK) announced the launch next month of a six-carrier joint service linking the Far East to South America.…

Pre-qualifying deadline for Davao port bidders moved to July

The deadline for submitting qualification documents for the P17-billion Davao-Sasa Port modernization project has been extended by the Department of Transportation and Communications (DOTC)…

Marina unveils plans to elevate Philippines as regional shipbuilding center

The Maritime Industry Authority (Marina) has created a far-reaching strategy to promote and develop the Philippines as a shipbuilding and ship repair (SBSR) hub…

Harbor Star eyes coal hauling contract with Indon power plant

Listed marine services provider Harbor Star Shipping Services, Inc. is looking at providing coal-hauling services to a state-owned power plant in Indonesia, a potential…

RCL, Yang Ming add new intra-SEA service

Shipping lines are continuing to beef up their network presence within Southeast Asia as the region prepares for the formal launch of its economic…

Airfreight grip on Asia-US lane relaxing as West Coast ports normalize

Now that port operations on the U.S. West Coast are normalizing, the modal shift to air transport appears to be sputtering out, according to…

ICTSI may vie for Davao-Sasa if project cost is reduced

International Container Terminal Services, Inc. (ICTSI) may consider bidding for the Davao-Sasa port modernization project if the government lowers the P17-billion capital spending requirement.…

Ocean 3 slates blank sailings in Asia-Europe network

The Ocean 3 alliance partners United Arab Shipping Company (UASC), China Shipping Container Lines, and CMA CGM are canceling a dozen trips on the…

Container ships improve punctuality for fourth straight month

Box shipping lines have enhanced their on-time reliability for the fourth consecutive month in May, showing increased punctuality particularly on the trans-Pacific and trans-Atlantic…

CMA CGM optimizes China service, adds new Turkey call

French shipping group CMA CGM is reshuffling its North China coverage and introducing an Asia-Turkey service this month. The company said that with the…

G6 upgrades Asia-North America service

The G6 Alliance announced it will add calls to Busan in South Korea and Kaohsiung in Taiwan to enhance its Asia-North America service network…