Penalty rules for import statement errors consolidated by BOC
The Bureau of Customs (BOC) has amended and consolidated guidelines and procedures for imposing penalties on importers and customs brokers after post-entry audit shows…
The Latest
Freeze Manila port expansion to steer more cargo to Batangas, Subic, urge experts
A government think tank suggests suspending any plans to further expand Manila ports as a way to address port congestion and increase utilization of…
PPA hikes regulatory fees
Effective April 8, the Philippine Ports Authority (PPA) increased its ancillary services permit and regulatory fees, unchanged since almost two decades ago. Under PPA…
PH ship agents’ meeting
Presidential Communications Operations Office Secretary Herminio B. Coloma, Jr. was guest speaker at the recent 2nd general membership meeting (GMM) of the Philippine Ship…
‘New mediocre’ in global trade spells trouble for developing nations, says IMF
The global economy faces the possibility of decelerated growth, and emerging and developing economies are particularly vulnerable to the macroeconomic challenges coming up, according…
ICTSI Oregon in second setback as Hapag-Lloyd abandons Portland too
Terminal operator ICTSI Oregon, Inc. (IOI) has expressed regret over the decision of Hapag-Lloyd to also stop calling the Port of Portland on the…
Favorable winds of February bolster air cargo, passenger traffic
Results for February reflect how the U.S. port congestion had opened up an opportunity that airfreight carriers on Asia-Pacific routes readily grabbed. According to…
Emerging economies face declining output growth, says IMF study
Lower potential growth has become a new reality where emerging market economies face declining output growth that could slow down their expansion, according to…
Asia-Europe box contract rates up for first time in years
Contract rates on key East-West trade lanes have gone up for the first time after years of decline, according to a new report. The…
FedEx makes $4.8-B offer to buy TNT Express
Tennessee-based FedEx Corporation and Europe’s TNT Express N.V. announced on April 7 that they have reached a conditional agreement for the American express service…
K Line, MOL introduce new chiefs, management plans as challenges grow
Japanese shipping firms Kawasaki Kisen Kaisha (“K” Line) and Mitsui O.S.K. Lines (MOL) have made changes to their top management. “K” Line on April…
Shipping sector reveals strong apprehensions in new survey
Overall confidence levels in the shipping industry fell during the three months to February 2015 to their lowest level for two-and-a-half years, according to…
Dockworkers’ caucus votes yes to proposed US West Coast labor deal
Delegates from the International Longshore and Warehouse Union (ILWU) have voted to recommend approval of the tentative agreement reached in February between the union…
TSA lists new Asia-US market rate minimums to start May 1
The Transpacific Stabilization Agreement (TSA) said it is recommending a series of minimum short-term market rates for its member-shipping lines to take effect May…
Windfall from CNY timing, US port congestion felt most by Asia-Pacific airlines
Global airfreight volumes showed a sharp increase year-on-year in February, pushed up by the auspicious timing of the Chinese New Year (CNY)and the fallout…
CMA CGM orders three 20,600-TEU ships as profit zooms 43%
France’s CMA CGM said it made a “solid performance in 2014,” marked by a strong improvement in operating margin and net profit, and is…
OOCL orders six 20,000-TEU ships, christens 8,888-TEU newbuild
Hong Kong-listed Orient Overseas (International) Limited (OOIL) announced it has placed an order with a South Korean shipbuilder for six 20,000-TEU-class box ships for…
PH truckers seek extended freeze of anti-overloading rule
Philippine truckers will appeal for a one-year extension of the moratorium on implementation of the anti-overloading policy for trucks. The Department of Public Works…
ICTSI’s Laguna inland container depot to open by Feb
The first phase of the Laguna inland container depot (ICD) of International Container Terminal Services, Inc. (ICTSI) will begin operations on February 1, according…
Manila ports’ utilization remains high
Yard utilization at Manila’s two international container terminals remains high after the five-day holiday during the Papal visit, according to the Philippine Ports Authority…
