PH shipping sector cheers faster processing of vessel imports, application
Philippine vessel owners and operators are upbeat over the Maritime Industry Authority’s new ship registration system that drastically shortens processing time for vessel import…
March 16, 2014
2 minute read
Batangas Port container volumes surge 120% in Q4
Coming off a 120% surge in fourth-quarter box throughput last year, Batangas Container Terminal (BCT) expects volumes will rise further this year, especially if…
While the Philippines remains one of the fastest-growing economies in the world, its global competitiveness continues to be in question because of policies that…
Philippine listed port operator Asian Terminals Inc. (ATI) generated revenue of P6.574 billion for 2013, 5.6% higher than the P6.228 billion in 2012 due…
The Confederation of Truckers Association of the Philippines (CTAP) has released new guide rates for the carriage of containerized cargoes from the Manila International…
International Container Terminal Services, Inc. (ICTSI) said revenue from port operations in 2013 rose 17% to US$852.4 million and net profit surged 20% to…
BOC x-ray unit moved to Enforcement Group; examiners assigned to x-ray exam area
The Philippine Bureau of Customs (BOC) has transferred the X-ray Inspection Project (XIP) to the Enforcement Group (EG) from the Office of the Commissioner,…
Evergreen Marine recently christened its latest 8,500-TEU L-type vessel, the fourth of 30 L-type vessels on order from CSBC Corporation to be delivered by…
Hong Kong-based Orient Overseas (International) Ltd (OOIL) said today its profit in 2013 nosedived to US$47 million, down from $295.4 million in 2012, as…
BOC suspends 70 traders, 45 brokers for import description violation
The Philippine Bureau of Customs (BOC) has indefinitely suspended the accreditation of 70 importers and 45 customs brokers for describing imported goods in general…
10 electronics makers ‘seriously studying’ shift to Batangas port
About 10 members of the Semiconductors and Electronics Industries in the Philippines, Inc. (SEIPI) are said to be “seriously considering” shifting to Batangas port…
Key PH port stakeholders extend operations to ease cargo backlog
For the next 15 days starting March 8, Philippine importers, exporters, the Bureau of Customs (BOC) and government banks Land Bank and Development Bank…
Carrier mega-alliances acting as though already OK’d
More ocean carriers are joining the mega-alliance trend, seemingly undeterred even if they exceed the prescribed 30 percent of market share and regulatory authorities…
PH haulers to jack up rates after failing to stop Manila daytime truck ban
PHILIPPINE truckers will be increasing their rates as a consequence of the longer truck turnaround and waiting time arising from the Manila truck ban.…
PH importers, brokers caught in accreditation transition get automatic extension
All Philippine importers and customs brokers with I-CARE (Interim Customs Accreditation Registration Unit) accreditation that will expire between March 1 and May 31 this…
