Survey: container shipping sector very confident rates, demand will improve
The shipping industry is currently displaying the highest level of confidence in almost six years about its prospects concerning freight rates and market demand.…
Smaller box carriers forecast to join merger trend
The tie-ups currently occurring among big container shipping lines will prompt smaller operators to seek their own consolidation in order to remain in competition,…
BOC issues schedule of port dues for assessment purposes at MICT, South Harbor
The Philippine Bureau of Customs (BOC) has released a schedule of cargo-handling tariff, arrastre charges and wharfage dues that must be used as guide…
Bigger freight volumes could not lift Zim Integrated Shipping’s earnings, as it posted a wider net loss in 2013 year-over-year. The Israeli carrier reported…
Hapag-Lloyd stems further losses, sees improved prospects
Box carrier Hapag-Lloyd narrowed its loss in 2013 as earnings and volumes improved despite a difficult environment, and expressed brighter hopes for this year…
‘Profound changes’ reshaping shipping industry to the core
The container shipping industry is facing an increasingly deteriorating scenario of supply-demand imbalance, spiraling debts, and market uncertainties that is prompting “profound structural changes”…
Shippers turning to flexible contracts as rates fluctuate
Forwarders and shippers appear to be increasingly favoring flexible contracts to cushion the impact of the high unpredictability of freight rates, according to Drewry…
PH skids to 57th in World Bank logistics performance index
The Philippines has declined further in the World Bank’s Logistics Performance Index (LPI) Report 2014, slipping to 57th place in the biennial report from…
March 23, 2014
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PH ports adjust to ease impact of Manila truck ban
Philippine port operators said they have made adjustments to help ease trucking issues brought about by Manila’s truck ban ordinance. The Philippine Ports Authority…
BOC disallows amendment for entries with open alert orders
THE Philippine Bureau of Customs (BOC) will be studying how to implement changes to its electronic-to-mobile (e2m) system to prevent consignees from cancelling and…
P3 alliance OK’d by US Federal Maritime Commission
The proposed mega-alliance P3, comprised of the world’s top three container shipping lines, has been given the thumbs-up by the U.S. Federal Maritime Commission…
TSA advances Asia-US rate hike scheduled for May to April
The Transpacific Stabilization Agreement (TSA) said it will bring forward a previously announced May 1, 2014 general rate increase (GRI) to April 15 “in…
Manila truck ban caused up to 48-hour delivery delays, from 2% to 100% drop in revenues – poll
Not everyone doing business at the ports of Manila oppose the city’s controversial daytime truck ban that both investors and government officials say is…
Asia-Europe rates fall after 3 successive increases
Freight rates on the East-West trades declined in February following three consecutive months of price rises, according to Drewry’s online “Container Freight Rate Insight.”…
