BOC releases draft order on new offdock CY/CFS rates
A draft memorandum order adjusting off-dock container yard/container freight station (CY/CFS) rates in the Philippines has been released by the office of the Bureau…
Evergreen Line plans to charter 10 additional 14,000-TEU container ships as part of its fleet renewal program to use more efficient vessels and reduce…
Ocean vessels now rely on cost cuts, not GRIs, for profit
With freight rates remaining weak despite bigger volumes carried, box ships no longer base profitability on market fundamentals like general rate increases (GRIs). Instead…
Ocean carriers are shoring up their intra-Asia networks with a new cooperation that will raise their Far East-Indian Sub-Continent services to three weekly sailings…
Shipping industry tentatively upbeat about 2015—Moore Stephens
The shipping industry’s fortunes should improve noticeably by 2015 if it maintains the fragile recovery which began last year as it faces tighter regulation…
Lifting of cabotage to kill PH shipping industry, say local liners
ALLOWING foreign vessels to ply their trade in Philippine coastal waters will “kill” domestic shipping lines and lead to foreign domination of the industry,…
APL unveils new function-based organizational model
Singapore-headquartered shipping line APL announced the revamp of its organizational and management structures to react faster to the “profound changes” in the industry. APL,…
Japanese carriers disclose 2014 strategies as rivalry grows
Japanese ocean carriers Kawasaki Kisen Kaisha (“K” Line) and Nippon Yusen Kaisha (NYK) both foresee increasingly bitter competition in 2014 as they outlined their…
Manila South Harbor operator Asian Terminals Inc. is keeping its eyes peeled for opportunities to manage other terminals. “We will certainly take a serious…
Hapag-Lloyd to cancel voyages during Chinese New Year celebration
German shipping line Hapag-Lloyd announced it will implement voyage cancellations on four of its Asia-U.S. network services during the Lunar New Year holiday. On…
Maersk sells shares in retail chains to focus on core assets
A.P. Moller-Maersk announced it was selling its majority stakes in two Danish retail chains under the Dansk Supermarked Group to Salling Companies t0 concentrate…
Arrastre charges apart from box handling fees at Batangas terminal
CARGO handling fees for empty containers at the Batangas Container Terminal (BCT) do not include charges for arrastre services, the Philippine Ports Authority (PPA)…
Taiwan’s Evergreen Line announced further plans to charter seven 14,000-TEU container vessels to replace its fleet of older, smaller, and less efficient ships. The…
PH port agency simplifies procedures for cargo clearances
TO simplify the process of securing permits and clearances for the entry and withdrawal of domestic and foreign cargoes, the Philippine Ports Authority (PPA)…
