As of May 19, a total of 16 foreign shipping lines operating in the Philippines have already lifted their port congestion surcharges (PCS), while…
16 carriers scrap PH port congestion surcharges
The Latest
BOC tightens control on CBW licensing
The Bureau of Customs (BOC) directed its officials to require operators of customs bonded warehouses (CBW), on-dock container yard/container freight stations (CY/CFS), arrastre operators,…
LRT 2 extension leads various infra projects given NEDA nod
The project to extend the Light Rail Transit 2 to Port Area in Manila has been approved by the National Economic and Development Authority…
Lower House oks co-loading bill
The Lower House has approved on third and final reading a bill that will allow foreign carriers to dock at multiple Philippine ports and…
ICTSI’s Laguna ICT expands facilities
The first phase of the Laguna Gateway Inland Container Terminal (LGICT), the dry port of International Container Terminal Services, Inc. (ICTSI) in Laguna, is…
New 5-year plan to turn Malaysia into advanced nation by 2020
The Malaysian government unveiled its 11th Malaysia Plan (11MP) on May 20, an ambitious five-year plan to transform the country into a developed nation,…
Maersk Line leads box ships in improved service reliability
On-time performance for box ships improved sharply in April, and the trans-Pacific trade made the biggest jump in reliability with the resolution of the…
Asia-Pacific airlines barely break even despite traffic growth
Air carriers in Asia-Pacific posted flat net profit in 2014 despite higher revenue and traffic growth for both passenger and cargo operations, according to…
Smaller trade surplus for Indonesia in April
Indonesia’s trade balance in April recorded the country’s fifth straight surplus, but the amount was a sharp drop from March as imports declined sharply.…
Box carriers start joint loops between Asia-ECSA trade
Japanese box shipping company Mitsui O.S.K. Lines (MOL) announced the launch of new joint services with Denmark’s Maersk Line and Swiss carrier Mediterranean Shipping…
CMA CGM increases Q1 profit, opens new Asia-Europe services
France’s box liner CMA CGM said its consolidated net profit went up in the first quarter of the year to US$406 million, a sharp…
Vietnam, Thailand’s ports poised for healthy growth
All Vietnamese freight modes are forecast to remain healthy in 2015, with the ports sector once again expected to see strong annual growth in…
Penalty for late submission of e-airfreight manifest waived for 1 month
The Bureau of Customs (BOC) has extended by four weeks the no-penalty period for the late submission of electronic air freight manifests. This came…
PH truckers threaten bigger caravan against 15-year truck age policy
Philippine truckers are planning another caravan, this time using trucks, if the government does not issue within the week a final decision on the…
BOC urges exporters to avail of self-certification
The Bureau of Customs (BOC) is encouraging exporters and manufacturers to avail themselves of self-certification to save on time, reduce costs, and facilitate trade.…
LBC in backdoor listing
Holding company Federal Resources Investment Group, Inc. (FED) has entered into a deal with courier operator LBC Development Corp., which has been reported to…
2Go income up 103% in Q1
Listed company 2Go Group, Inc. reported a net income of P273.63 million in the first quarter of 2015, a 103% increase from P134.99 million…
Lackluster towing business drags Harbor Star’s Q1 income
Listed marine services provider Harbor Star Shipping Services, Inc. reported a 42% plunge in net income to P32 million in the first quarter of…
CAAP suspends SEAIR, Magnum over safety lapses
The Civil Aviation Authority of the Philippines (CAAP) has suspended the air operator certificates (AOC) of low-cost carrier SEAIR International, Inc. and leisure airline…
Asia-Europe freight rates jump but sustaining uptick in question—Drewry
Ocean carriers scored big with Asia-Europe spot rate hikes last week after weeks of decline, but Drewry says sustaining that uptrend on a trade…
