Low freight rates and overtonnaging dimmed the overall confidence of shipping stakeholders during the three months to May 2015 to a level equal to…
Shipping confidence nosedives to 7-year low
The Latest
Thai economy ‘slow and fragile,’ Indonesian factory output contracts
The economy of Thailand remains in the doldrums as merchandise export and manufacturing production levels both declined in May, according to Bank of Thailand…
Subdued exports dent Asian airfreight volumes
Global airfreight markets logged their smallest growth rate so far this year in May, as the industry reflected the impact of declining exports and…
BOC runs after 23 importers with P2.05B deficient duties
The Bureau of Customs (BOC) has asked 18 importers of resins and five importers of iron and steel to pay a total of P2.055…
Korea’s Ki-tack Lim is new IMO chief
The International Maritime Organization (IMO) has elected as its new secretary-general South Korea’s Ki-tack Lim, who assumes his an initial term of four years…
Cosco to acquire 9 mega ships, Evergreen names latest newbuild
Chinese shipping group Cosco is set to beef up its fleet with an order for nine 20,000-TEU ships as the fever to own mega…
Developing Asia largest destination of FDIs last year—UNCTAD report
As foreign direct investment (FDI) inflows faltered in 2014, developing Asia shone bright, as inward FDIs to the region reached record levels last year,…
Airfreight volumes, rates drop in May
The good times for air cargo may be coming to an end as demand displayed only limited increase in May after four months of…
All PH ports adopt Super Green Lane setup
The super green lane (SGL) facility of the Bureau of Customs (BOC) is now in place in all ports and sub-ports of the country.…
Asia-Pacific trade facilitation progress below 50%—latest UN study
Trade facilitation efforts by economies in the Asia-Pacific region have been notable but much needs to be done to fast track liberalization, according to…
Brokers assail declarant provision under draft CMTA
Several customs brokers’ associations are calling on the government to reject a section in the draft Customs Modernization and Tariff Act (CMTA) that allows…
DOTC: MARINA’s Mejia most qualified to lead IMO
The Department of Transportation and Communications (DOTC) is backing the candidacy of Maritime Industry Authority (Marina) administrator Dr. Maximo Mejia, Jr. for the post…
Aquino leads ground-breaking for Cebu airport
Construction work to transform Mactan-Cebu International Airport (MCIA), the country’s second biggest gateway, into the world’s first resort airport has officially started, with President…
BOC eyes 3-year importer, broker accreditation
The Bureau of Customs (BOC) plans to extend the validity period of accreditation for importers and customs brokers to three years from one year,…
Lorenzo Shipping almost doubles capital outlay for 2015
Listed Philippine carrier Lorenzo Shipping Corp. is allotting P600 million as capital expenditure for this year, for use in acquiring land-based equipment and facility as…
Still no penalties for late airfreight manifests
The Bureau of Customs (BOC) is looking at an 85% to 90% compliance rate by airlines and forwarders to the mandatory submission of airfreight…
DTI lobbies for SMEs to join Customs Super Green Lane
The Department of Trade and Industry (DTI) is pushing for inclusion of small and medium enterprises (SMEs) in the Bureau of Customs (BOC) Super…
HKIA breaks annual records, Changi cargo volume flat
Hong Kong International Airport (HKIA) is the world’s busiest cargo airport for the fifth consecutive year, according to Airport Authority Hong Kong (AA). In an…
PH shipping lines craft industry roadmap
The domestic shipping sector is crafting a 20-year maritime roadmap to help guide Philippine policy makers, according to Doris Magsaysay-Ho, chief executive officer and president…
Vietnam green-lights $16B aviation hub
The National Assembly of Vietnam, the country’s legislative body and highest government organization, has approved the construction of an ambitious VND336.7-trillion (US$16 billion) international…
