ICTSI acquires Mexican port operator for $54.5M

Global port operator International Container Terminal Services, Inc. (ICTSI) has bought all shares of a port operator in Mexico for US$54.5 million. In a…

Brunei port GM meets BOC officials

Reimond Silvestre (right), general manager of the New Muara Container Terminal Services in Brunei, recently met with Customs deputy commissioner for Internal Administration Arturo Lachica…

4 more firms show interest in Davao port project

Four more companies have bought bid documents to take a shot at nailing the contract for the P17-billion Davao Sasa modernization project, which brings…

Wan Hai increases calls to Subic

Taiwan-based carrier Wan Hai Lines has doubled its weekly calls to Subic port, adding the port to its TPF service this May. The TPF…

PH shipyards organize first national association

Shipbuilding and ship repair (SBSR) companies have formed the Philippines’ first national association for shipyards. The Shipyards Association of the Philippines (SHAP) will represent…

Cards stacked against attempts at freight rate hikes, says report

Shipping lines face a big struggle against strong headwinds ahead as their efforts to raise freight rates will continue to be rebuffed, according to…

Zim rebounds from loss by running a tighter ship

Israeli shipping line Zim Integrated Shipping Services returned to profit in the first quarter of 2015 despite decreases in revenue and volume, attributing the…

BOC shelves pre-shipment inspection for container cargo

Customs Commissioner Alberto Lina is not keen on implementing a pre-shipment inspection (PSI) on containerized cargoes despite the practice already being conducted for bulk and break…

ICTSI’s Laguna ICT expands facilities

The first phase of the Laguna Gateway Inland Container Terminal (LGICT), the dry port of International Container Terminal Services, Inc. (ICTSI) in Laguna, is…

Maersk Line leads box ships in improved service reliability

On-time performance for box ships improved sharply in April, and the trans-Pacific trade made the biggest jump in reliability with the resolution of the…

Box carriers start joint loops between Asia-ECSA trade

Japanese box shipping company Mitsui O.S.K. Lines (MOL) announced the launch of new joint services with Denmark’s Maersk Line and Swiss carrier Mediterranean Shipping…

CMA CGM increases Q1 profit, opens new Asia-Europe services

France’s box liner CMA CGM said its consolidated net profit went up in the first quarter of the year to US$406 million, a sharp…

2Go income up 103% in Q1

Listed company 2Go Group, Inc. reported a net income of P273.63 million in the first quarter of 2015, a 103% increase from P134.99 million…

Lackluster towing business drags Harbor Star’s Q1 income

Listed marine services provider Harbor Star Shipping Services, Inc. reported a 42% plunge in net income to P32 million in the first quarter of…

Asia-Europe freight rates jump but sustaining uptick in question—Drewry

Ocean carriers scored big with Asia-Europe spot rate hikes last week after weeks of decline, but Drewry says sustaining that uptrend on a trade…