Box carrier Orient Overseas Container Line (OOCL) will impose a rate hike on Southeast Asia-Australia shipments from mid-January 2014. “The ocean freight rates continue…
Asia-N Europe rates still falling despite trade growth—Drewry
The fight for more market share on the Asia-Northern Europe trade lane has ocean carriers making erratic freight rate adjustments over the last couple…
PHILIPPINE Bureau of Customs Officer-in-Charge John Phillip Sevilla described reforms at the agency as a series of “unglamorous, operational things”. In a press conference…
The U.S. Federal Maritime Commission (FMC) is seeking additional information from the three proponents of the P3 network vessel sharing agreement. In a recent…
Maritime trade rose in 2012, but ships’ profits crimped by low rates
Seaborne trade increase and new ship deliveries slowed in 2012, but these did not boost the maritime shipping industry’s profitability, according to the Review…
FMC sets date for P3 regulatory summit with EU, China
The Federal Maritime Commission (FMC), the US shipping regulatory body, announced it will hold a global summit on December 17, 2013, with regulators from…
Container shipping group Maersk Line announced the implementation of two general rate increases (GRIs) for dry cargoes from Asia to Canada, to take effect from…
ICTSI sells majority stake in Cebu container terminal
Manila-based International Container Terminal Services Inc. (ICTSI) is selling its 51% stake in a container terminal in Cebu, the company said in a disclosure…
United Arab Shipping Company (UASC) is stretching its coverage of Asia with two new weekly feeder services covering Japan, Central and South China, Thailand,…
Hapag-Lloyd said it is implementing a two-step general rate increase (GRI) on the Far East-U.S./Canada trades, to take effect from December 2013 and from…
The Trans-Pacific Stabilization Agreement (TSA) has recommended a two-stage increase in freight rates in December and the pre-Lunar New Year period in January 2014,…
The Port of Tacloban, one of several public infrastructure damaged by super typhoon Haiyan (local name Yolanda), is now fully functioning, according to Philippine Ports…
