South Korea experienced last month its steepest export slide in almost six years to log its fifth straight month of contraction, fueling fears the…
Korea posts lowest export sales in six years
The Latest
PH domestic air cargo volume up 10.5% in 2014
Low-cost carrier Cebu Pacific Air remained the top domestic air cargo carrier for 2014, handling 48.5% of the Philippines’ total domestic air cargo throughput. Data…
EDC backs electronic certificate of origin project
The Export Development Council (EDC) has included the electronic certificate of origin (ECO) project of the Bureau of Customs (BOC) in its 2015 work…
Third quarter launch of container booking system at Manila ports eyed
The rollout of the container booking system (CBS) by port operators at Manila’s two international terminals is targeted for the third quarter of the…
SITC adds service call to Subic
Intra-Asia carrier SITC has updated its port calls to include the port of Subic in its CPX4 service. The service’s rotation now starts in…
P436-B Sangley airport study completed this month
The Department of Transportation and Communications (DOTC) hopes to get the nod of the National Economic and Development Authority (NEDA) on the planned more…
Use of GTSB in e-transshipment filing clarified
The Bureau of Customs (BOC) and the Philippine Economic Zone Authority (PEZA) have issued clarifications on the use of the General Transportation and Surety…
Maersk Line places $1.8B order for 11 ULCVs for Asia-Europe sling
Expect more sightings of colossal ships on the Asia-Europe trade lane, as box shipping giant Maersk Line formalized on June 2 an order for…
Customs execs back ASEAN customs development strategy
The Association of Southeast Asian Nations (ASEAN) has endorsed the Strategic Plan of Customs Development (SPCD) for the years 2016 to 2020 to guide…
Shippers appeal anew for relocation of x-ray to within Mindanao port
Enterprises at the PHIVIDEC Industrial Estate Misamis Oriental Special Economic Zone (PIEMOSEZ) have again asked the Bureau of Customs (BOC) to transfer the x-ray…
Construction of P7B New Bohol Airport to begin next month
Japanese joint-venture firms Mitsubishi Corp and Chiyoda Corp will start the P7-billion New Bohol Airport project on Panglao Island in Bohol this June, with…
ICTSI acquires Mexican port operator for $54.5M
Global port operator International Container Terminal Services, Inc. (ICTSI) has bought all shares of a port operator in Mexico for US$54.5 million. In a…
Freight forwarders more upbeat about airfreight than sea freight
Global freight forwarders are optimistic about prospects in the next six months, especially in airfreight, where confidence in most trade lanes showed a notable…
BOC cancels bidding for P650M computerization project
The Bureau of Customs (BOC) has cancelled procurement for the P650-million customs IT system and National Single Window (NSW) Phase 2 and is instead…
DHL pours $108M in US hub expansion
Logistics giant DHL is investing US$108 million to expand its Americas hub facility at the Cincinnati / Northern Kentucky airport (CVG) to meet expected…
Facility upgrades eyed for Indonesian, Thai ports
Listed shipping firm Samudera Indonesia is to shell out over US$320 million to construct new ports and upgrade operating ones, as it revealed plans…
Thailand exports tumble for fourth straight time
Thai economic recovery continued to be slow and fragile in April as merchandise exports logged their fourth straight month of contraction, according to the…
Airfreight volumes still up but yields fall
Global air cargo saw April continuing the trend of volume growth but a drop in yields that has been observed earlier this year, according…
PEZA locators get automatic accreditation from BOC
The Bureau of Customs (BOC) is automatically accrediting Philippine Economic Zone Authority (PEZA) locators as long as they pay an activation fee and present…
HK export value up 2.2% in April
Hong Kong’s total export value in April increased 2.2% while the value of imports dropped 2.9% year-on-year, the Census & Statistics Department announced recently.…
