The congestion at the Port of Manila in 2014 sharply demonstrated the extent of damage that poorly planned and badly coordinated policymaking can inflict…
Manila port congestion ‘very likely’ to recur – gov’t study
The Latest
PH cargo throughput down 35% in first three quarters
Muted global trade clipped by 35.4% cargo volume handled by Philippine ports in the first nine months of 2015 to 104.671 million metric tons…
ICTSI unveils mobile app for tracking shipments at Manila port
Port operator International Container Terminal Services, Inc. (ICTSI) has introduced a mobile application that allows clients of its flagship operation, Manila International Container Terminal…
3 ICTSI officers promoted
International Container Terminal Services, Inc. (ICTSI) has promoted three officers to key positions within the listed port operator’s group. Martin O’Neil is now the…
Manila ports to soon allow automatic TABS booking for paid cargoes
Shipments that have registered with the online cargo release system (OLRS) and have paid terminal and shipping charges are soon to get automatic booking…
Singapore introduces handbook on rules of origin for FTAs
In a recent advisory, Singapore Customs announced the release on its website of a new handbook on specific rules of origin (ROOs) as they…
Malaysia’s September exports grow 8.8% to breach $16B mark
Exports by Malaysia in September 2015 recorded a year-on-year growth of 8.8%, reaching MYR70.16 billion (US$16.09 billion), the highest monthly export value recorded in…
NOL confirms ongoing acquisition talks with Maersk, CMA CGM
Neptune Orient Lines Limited (NOL) has confirmed media reports that it is holding separate initial talks with two of the world’s biggest shipping firms…
Indonesia announces SEZ development under 6th stimulus package
The Indonesian government has identified several special economic zones (SEZs) targeted for development under its latest economic policy package that it announced last week,…
Nov 9 rally set vs TABS, BOC truck registration
Aduana Business Club, Inc. (ABCI) will stage a rally on November 9 in protest of the implementation of the container booking system and the…
Maersk Line Q3 profit shrinks as freight rates decline to ‘new historical lows’
Danish oil and shipping conglomerate A.P. Moller-Maersk said it delivered a group profit of US$778 million in the third quarter of the year, down…
EU recovery to take ‘modest pace’ in 2016
The European Commission forecasts that economic recovery for the European Union will continue at a “modest pace,” both in the 19-country eurozone and across…
TPP key provisions revealed as full text made available
The full text of the recently concluded Trans-Pacific Partnership (TPP) deal may now be accessed on the website of Malaysia’s Ministry of International Trade…
Airfreight carriers register fragile volume improvement
Global airfreight markets showed very modest growth of 1% in September compared to August when volumes were mostly stable. But the expansion is fragile…
ICTSI Manila gets four new yard cranes
International Container Terminal Services, Inc (ICTSI) recently took delivery of four new rubber–tired gantry cranes (RTGs) for its flagship Manila International Container Terminal (MICT).…
Manila sea traffic limited during APEC summit
Maritime traffic in some areas in Metro Manila will be prohibited during the Asia-Pacific Economic Cooperation (APEC) Summit in the country this month, according…
Maersk Line withdraws more capacity, drops plan to invest in more ships
Danish carrier Maersk Line said it is no longer pushing through with plans to acquire more mega vessels as part of it intensified campaign…
Indonesia, Singapore achievements hailed in 2015 prosperity report
The Southeast Asian nation of Indonesia has made the most radical improvements in terms of prosperity since 2009, while neighbor Singapore is the most…
Moody’s: container shipping to see small earnings growth from fuel cost savings
Global credit rating agency Moody’s Investors Service has given the global shipping industry a stable outlook for the coming 12 to 18 months, but…
Ship operating costs to go up in 2015-2016, says report
Vessel operating costs are expected to rise in both 2015 and 2016, particularly for crew wages, repairs and maintenance, and drydocking, according to the…
