Slow steaming and idling not stopping losses, says Drewry
Through slow steaming and idling, shipping lines have managed to cope with overcapacity, weak demand, and severe net losses. But these tactics have not…
New 13,208-TEU box ship to reinforce OOCL’s Asia-Europe fleet
Orient Overseas Container Line is strengthening its fleet on the Asia-Europe trade lane with the planned deployment of its newest acquisition, a 13,208-TEU container…
German box carrier Hapag-Lloyd announced a general rate increase (GRI) effective next month on the Far East-North Europe/Mediterranean westbound and eastbound trades. It said…
New Cebu container terminal eyed before end of Aquino’s term
The Cebu Port Authority (CPA) is planning to transfer Cebu Port’s container terminal to a new location to decongest the existing wharf, with groundbreaking…
PSB accredits new seafreight forwarders, cracks whip on errant players
The Philippine Shippers’ Bureau (PSB) has accredited new members of the seafreight forwarding community while remaining determined to apprehend erring operators. Data from PSB…
PISFA officers check out Subic port, seek easier accreditation for port users
Key officials of the Philippine International Seafreight Forwarders Association (PISFA) visited Subic Freeport Zone last week to check out developments at the container terminals…
PEZA to CTAP: Keep an eye on overcharging truckers
The Philippine Economic Zone Authority (PEZA) has asked the Confederation of Truckers Association of the Philippines (CTAP) to police its ranks amid allegations some…
PH roro operator warns collapse of shipping industry with cabotage reforms
Asian Marine Transport Corp., a roll-on/roll-off (RoRo) operator, is warning of layoffs in the domestic shipping industry if the Philippine government does away with…
Box rates to remain volatile as industry wallows in down cycle
The container shipping industry remains in an extended down cycle, as the constant delivery of new ships widens the imbalance between demand and supply…
Water-borne shipments top domestic trade in goods in Q4 last year
Transport through waters dominated shipments of domestic goods in the fourth quarter of 2013, comprising 99.8% of the 4.5 million tons total, preliminary data…
United Arab Shipping Company (UASC) will introduce ARC2, a fixed-day weekly service from Asia to the Southern Red Sea that will provide direct services…
