The Aircargo Forwarders Association of the Philippines (AFPI) has a new set of board of directors and officers for the term 2016-2018. Erich Lingad,…
Lingad leads 2016-18 set of AFPI officers
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Overlooking Technology Investment Can Stifle Innovation
Logistics has changed fundamentally over the past decade and the pace of change continues to accelerate. Some logistics companies no longer focus on making…
Malaysia’s Q2 growth slows as exports remain limp
The Malaysian economy registered a growth of 4.0% year-on-year in the second quarter of 2016 compared to 4.2% in the first quarter of the…
Global box throughput growth for 2016 projected at just 0.3%
The world’s container port traffic is expected to grow by only 0.3% this year, as the weak volume growth recorded in the first half…
Liners’ revenue likely down 18% in first half, Drewry says
First-half 2016 financial results from a handful of major carriers indicate that revenue is down by 18% on average, and this may foreshadow a…
Hong Kong economy expands 1.7% as exports rise
The economy of Hong Kong regained some momentum in the second quarter of this year, largely due to a rebound in the volume of…
Plunging freight rates drive Maersk Line to $151M loss
Danish shipping giant Maersk Line has reported a loss of US$151 million in the second quarter of the year from a profit of $507…
Singapore lowers growth headroom amid higher downside risks
The Ministry of Trade and Industry (MTI) has narrowed Singapore’s GDP growth forecast for 2016 to 1.0% to 2.0% from the earlier 1.0% to…
BOC commissioner’s office takes over tax credit, refund applications
All tax credit or tax refund applications with the Philippine Bureau of Customs (BOC) will now be coursed through the Office of the Commissioner…
Bill excludes trailers, container chassis from need to secure PH franchise
A bill has been filed in the Philippine Lower House exempting trailers and container chassis from being considered motor vehicles, effectively sparing owners the…
Slew of bills filed to make PH a competitive maritime center
Several bills have been filed in the 17th Philippine Congress that aim to improve and boost the country’s maritime industry, including by revamping the…
Umali retires from Lorenzo Shipping
Roberto A. Umali has retired as president of domestic carrier Lorenzo Shipping Corporation (LSC), replaced by Doris Magsaysay-Ho. In a disclosure to the Philippine…
Biggest transshipment ports record volume decline in H1
Port statistics show that throughput at the world’s largest transshipment hubs has been on a decline, pulled down by a number of factors, according…
Pelindo III to upgrade ports with new loan
Indonesia’s state-owned port operator PT Pelabuhan Indonesia (Pelindo) III has secured a syndicated loan of IDR4.5 trillion (US$343.3 million) from three state banks…
Economic downturn putting strain on China port operators
Slower economic growth, deteriorating export competitiveness, and weak liner profitability are narrowing the headroom within the ratings of Chinese port operators, according to a…
Malaysian exports take positive turn in June, first half
Malaysia’s export sector has been in a positive growth mode, expanding in both the first half of this year and in June, according to…
ICTSI posts 12% dip in first-half income
Global port operator International Container Terminal Services, Inc. (ICTSI) reported a net income of US$92.6 million in the first half of 2016, a 12%…
P60-B project to boost Subic Freeport as logistics hub
SUBIC BAY FREEPORT – An Australian firm will embark on a P60-billion distribution intermodal project that will generate 800 jobs. Asian Institute of Aviation…
BOC 21.6% short of Jan-July collection target
The Bureau of Customs (BOC) missed both its January-July and July 2016 revenue collection targets. According to preliminary data by the agency’s Statistical Analysis…
Non-commercial flights banned at NAIA during peak hours
Philippine airport authorities have barred general aviation operations and aerial works at the Ninoy Aquino International Airport (NAIA) during peak hours to help decongest…
