South Korea’s current account balance in the transport sector hit US$1 billion in deficit from January to July this year as demand shrank and…
Weak demand drags S Korea logistics sector deeper into red
The Latest
Suit eyed vs insolvent MOF Co for return of Hanjin container deposits
The Aduana Business Club, Inc. (ABCI), in behalf of more than 50 customs brokers, is planning a class suit against shuttered MOF Company, Inc.,…
Embracing Change & Challenges for the Filipino Customs Broker
People are naturally averse to change yet change is inevitable. More often, we approach change with a combination of anticipation and dread. But what…
Mindanao Container Terminal first-half throughput up by 18%
Cargo volume handled by Mindanao Container Terminal (MCT) rose 18.3% in the first half of 2016 to 102,751 twenty-foot equivalent units (TEUs) from 86,816…
Namsung Shipping to launch Manila-Busan direct connection
South Korea-based carrier Namsung Shipping Co., Ltd. will start a new direct weekly service from Manila port to Busan on October 1, 2016. The…
PH exports fall anew in July
The Philippines’ total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the…
PH factory output expands 10% in July
The production of transport equipment, construction-related goods, and food pushed the Philippine manufacturing sector to another strong growth in July 2016, according to the…
PH president inaugurates expanded Davao container terminal
Philippine President Rodrigo Duterte has inaugurated Davao International Container Terminal, which recently completed its P5-billion expansion program. The expansion increases the container terminal’s handling capacity…
Hanjin gets court protection to unload cargo at US ports
Cash-strapped Hanjin Shipping Co. has been given provisional court protection in the U.S. to unload cargo at some ports without worrying about its ships…
Asia-Pacific air cargo volumes up 2.3% with HK as world’s busiest hub
The world’s airports achieved only a modest 2.6% growth in total cargo volumes for 2015 to 106 million metric tonnes as a result of…
Singapore Customs slates release of revised strategic goods list
Singapore’s new Schedule to the Strategic Goods (Control) Order, or SGCO, will be introduced later this year, Singapore Customs announced. In a notice to…
Power to alert PH shipments now exclusive right of Office of the BOC Commissioner
The power to issue alert orders in the Philippines now rests solely with the Bureau of Customs (BOC) Office of the Commissioner (OCOM), based…
PPA temporarily relieves staff accused of corruption
The Philippine Ports Authority (PPA) has temporarily relieved, pending an investigation, an employee allegedly caught by a Bureau of Customs (BOC) CCTV camera taking…
BOC 2016 collection target cut by 18%
The Bureau of Customs collection target for 2016 has been slashed by 18% to P409 billion from P498.67 billion on account of the continuous…
2M alliance announces new trans-Pacific trade services
The 2M alliance of Maersk Line and Mediterranean Shipping Co. (MSC) has announced a new trans-Pacific trade service following the filing of receivership by…
Survey: most freight forwarders think technology makes a difference
A majority of freight forwarders believe that technology is a differentiator in their business, according to a survey conducted by Xeneta, an ocean freight…
Vietnam revises preferential tax rates for certain import, export products
The Vietnamese government has just issued a ruling that regulates preferential import and export taxes, basically coming up with a new tariff table that…
Indonesian president calls for maritime cooperation for ASEAN stability, growth
Indonesia is pushing for inter-regional cooperation in the maritime sector at the 11th East Asia Summit (EAS) currently being held in Vientiane, Laos. President…
BOC accuses wrong staff of taking bribe
The Asian Terminals Inc (ATI) clerk supposedly caught by a Bureau of Customs (BOC) CCTV camera taking a bribe, as claimed by Customs commissioner…
Vietnam steps up efforts to reduce customs clearance time
The General Department of Vietnam Customs said it will cut cross-border customs clearance time to 10 days for exports and 12 days for imports…
