Browsing Category

Maritime

2765 posts

Cebu port reports 3.4% rise in H1 cargo throughput

CEBU ports in southern Philippines posted sound results for the first half of the year, with cargo traffic increasing 3.44% to 14.73 million metric…
  • September 5, 2013
  • 2 minute read

Hong Kong strike impaired ships’ intra-Asia timeliness in Q2

Ocean carrier and container reliability decreased to 70.5 percent in the second quarter of 2013, down from 72.8 percent in the first quarter, as…
  • September 5, 2013
  • 2 minute read

Hyundai Heavy gets $1.4-B order for ultra-large ships from UASC

South Korean shipbuilder Hyundai Heavy Industries (HHI) said it has won a US$1.4-billion order to build five 18,000-TEU (20-foot-equivalent unit) and five 14,000-TEU container…
  • September 2, 2013
  • 1 minute read

Savings from deploying mega ships to prompt more orders—report

The operational cost benefits from the deployment of the world’s biggest container vessel, the Maersk Mc-Kinney Moller, are starting to become apparent and will…
  • September 2, 2013
  • 2 minute read

OOCL to hike SEA-Australia, Europe-Asia service rates

Orient Overseas Container Line (OOCL) will bolster freight rates for its Southeast Asia-Australia services as well as its Europe-Asia operations from October. Noting that…
  • August 31, 2013
  • 1 minute read

Hapag-Lloyd revises Asia-NorthAm BFF, hikes Far East rates

Germany’s Hapag-Lloyd will be revising the bunker fuel factor (BFF) for all dry, reefer, flat-rack, and open-top containers from Asia, including the Indian Sub-continent,…
  • August 30, 2013
  • 2 minute read

Subic container throughput eases in Jan-Aug

CONTAINER throughput that passed through terminals operated by Subic Bay International Terminal Corp. (SBITC), three hours north of the Philippine capital Manila, dropped 2.9%…
  • August 28, 2013
  • 2 minute read

PH port operators, users urge gov’t to address litany of woes

PHILIPPINE shippers and port operators have outlined problems that hamper port efficiency especially in Manila, even as they lauded the Aquino government’s initiatives to…
  • August 28, 2013
  • 3 minute read

MCC eyes PH as transshipment hub

INTRA-ASIAN carrier MCC Transport is looking at the Philippines as a transshipment hub, but says the government needs to improve key aspects of doing…
  • August 28, 2013
  • 2 minute read

PH manufacturing potential could draw in shipping lines, says expert

THE Philippines could be a new low-cost source of shipping volumes if its manufacturing sector picks up, according to a container shipping industry expert.…
  • August 28, 2013
  • 2 minute read

2GO rebounds to P510M net profit on revenue spike, lower costs

PHILIPPINE logistics provider 2Go Group Inc. turned around to net profit of P510 million in the first half of the year  from last year’s…
  • August 28, 2013
  • 2 minute read

TSA lines recommend US-Asia rate hike by Oct

Member carriers in the Transpacific Stabilization Agreement (TSA) Westbound section have announced plans to raise freight rates, for all commodities and from all U.S.…
  • August 28, 2013
  • 2 minute read

Carriers’ fuel savings not a long-term solution—report

Ocean carriers have benefited much from reducing fuel costs, but this strategy will not keep them in business for the long term, says Drewry…
  • August 26, 2013
  • 2 minute read

Evergreen names first 8,508-TEU newbuild

Taiwan’s Evergreen Line last week christened the first of its newly built L-type vessel with a capacity of 8,508 TEUs (20-foot-equivalent units) in a…
  • August 26, 2013
  • 1 minute read

Floods halt flights, hamper supply chain activities in PH; Business as usual at Manila’s ports

OPERATIONS at Manila’s seaports continued Tuesday despite heavy monsoon rains enhanced by tropical storm Maring and as widespread flooding in the metropolis and nearby…
  • August 21, 2013
  • 3 minute read

Lorenzo’s profit hit by cargo squeeze, rate war

LISTED Philippine container carrier Lorenzo Shipping Corp. said revenue for the first half of the year fell 5.5% to P862.75 million from P912.89 million…
  • August 21, 2013
  • 1 minute read

ICTSI ups medium-term note program to $1B

International Container Terminal Services, Inc. recently approved an increase in the medium-term notes it intends to float to US$1 billion from $750 million. The…
  • August 21, 2013
  • 1 minute read

Hapag-Lloyd announces more rate hikes for Asia services

Germany’s Hapag-Lloyd will  impose more freight rate hikes on Asia service routes beginning next month. A general rate increase (GRI) will be levied on…
  • August 21, 2013
  • 1 minute read

Maersk Line collects $439 M in profit for Q2

Danish box carrier Maersk Line made a profit of US$439 million in the second quarter of the year against $227 million for the same…
  • August 19, 2013
  • 2 minute read

Ocean carriers reverting to core port services

Carriers will be increasingly restricted to its core strength—providing port-to-port services—as they continue to be squeezed out of the integrated logistics services industry, predicts…
  • August 19, 2013
  • 3 minute read