Cebu Pacific Air and wholly owned subsidiary Cebgo posted a three-digit surge in net income for the second year in a row, generating a…
Robust passenger earnings deliver 122% income growth for Cebu Pacific in 2016
The Latest
RTC dismisses Mighty lawsuit vs BOC
A Manila court has dismissed for lack of jurisdiction the case filed by local cigarette manufacturer Mighty Corporation against the Bureau of Customs (BOC).…
DP World delivers profit of over $1B for first time
Global port operator DP World’s performance soared in 2016 as profit topped US$1 billion and adjusted EBITDA margin for the full year reached a…
WCO launches counter-terrorism project for SEA, Pacific Islands
The World Customs Organization has launched the WCO Security Project aimed at supporting administrations in Southeast Asia and the Pacific Islands to respond to…
Hapag-Lloyd banks on alliance and UASC merger to boost 2017 earnings
After recording a net income of EUR113.9 million in 2015, German box line Hapag-Lloyd suffered a loss of EUR93.1 million (US$100.9 million) in 2016…
Vietnam orders foreign box lines to publicize fees
Global container carriers calling Vietnam will have to publicize freight charges and surcharges as well as port service charges from July 1, 2017. This…
ASEAN, NZ set to review, strengthen free trade pact
The Association of Southeast Asian Nations and New Zealand reaffirmed the importance of strengthening their strategic partnership as they prepare to revisit the ASEAN-Australia-New…
Accreditation of VASPs subject of draft BOC order
As mandated under the Customs Modernization and Tariff Act (CMTA), a new order on the accreditation and regulation of information processors—also known as value-added…
PH carriers, Marina fight exemption of transport from Public Service Act
The Maritime Industry Authority (Marina) and shipping operators in the Philippines are opposing bills that propose to exempt transportation services from being a public…
PPA downgrades cargo, revenue outlook amid mining, exchange rate blues
From substantial cargo and revenue growth recorded in 2016, the Philippine Ports Authority is anticipating “nominal” growth this year due to volatility of the…
CCBI elects new directors, all from Team NAGUE
The new directors of the Chamber of Customs Brokers, Inc. (CCBI) who will serve the organization from 2017-2019 have been elected. Winners of the…
Mighty files motion to revoke BOC suspension order
Philippine cigarette manufacturer Mighty Corporation has asked the Bureau of Customs (BOC) to lift the preventive suspension on its accreditation, saying the suspension unlawfully…
Finance chief: RCEP deal a boost to PH exports
Philippine Finance Secretary Carlos Dominguez III said the Duterte administration is upbeat about the early conclusion of talks on the proposed Regional Comprehensive Economic…
ICTSI’s Laguna dry port gets accreditation as off-dock customs facility
The Philippine Bureau of Customs (BOC) has certified the Laguna Gateway Inland Container Terminal, Inc. (LGICT), the dry port container-handling facility of International Container…
Singapore NODX extend winning run for fourth month
Singapore’s non-oil domestic exports (NODX) rose by 21.5% year-on-year in February 2017, extending the growth in the preceding three months as both electronic and…
Zhengzhou Airport customs shaves inspection time for mails
A new mode of inspecting outbound mails has been introduced at Zhengzhou Xinzheng International Airport, successfully cutting down significantly inspection time at the principal…
Global sulfur cap among Asian shipowners’ biggest worries
Fair competition, anti-trust immunity, and the global sulfur cap are some of the most pressing concerns of Asian shipowners for this year, according to…
Hyundai Merchant officially joins 2M
South Korean shipping line Hyundai Merchant Marine (HMM) said it has signed a deal for a strategic cooperation with 2M Alliance, paving the way…
Draft PH customs order sets rules on cargo manifest
The Philippine Department of Finance (DOF) and Bureau of Customs (BOC) have released a draft customs order that will implement measures relating to the…
Natural Connector
A few years back, at the Asian Logistics and Maritime Conference, Hong Kong’s chief executive C.Y. Leung described his city as a “natural connector”…
