From now on, all applications for an Electronic Authority to Release Imported Goods (eATRIG) must be done by Philippine importers through the Bureau of…
BIR requires importers to use NSW in applying for release of goods
The Latest
MARINA bill pushes relaxation of PH cabotage law
The Maritime Industry Authority (MARINA) is pushing via a draft bill the easing of the Philippines’ cabotage law by allowing foreign flag vessels to…
Water-borne shipments top domestic trade in goods in Q4 last year
Transport through waters dominated shipments of domestic goods in the fourth quarter of 2013, comprising 99.8% of the 4.5 million tons total, preliminary data…
PH budget agency gives go-ahead for Bicol airport project, LRT1 extension
The Philippine Department of Budget and Management (DBM) has given the Department of Transportation and Communications (DOTC) the go-signal for the Bicol International Airport…
Asia’s developing economies looking at steady growth in 2014-2015
Developing Asia will extend its steady economic growth into 2014 and 2015 as risks grow less threatening and demand from recovering advanced economies is…
UASC introduces Asia-Southern Red Sea loop
United Arab Shipping Company (UASC) will introduce ARC2, a fixed-day weekly service from Asia to the Southern Red Sea that will provide direct services…
Rate of ship scrappings, delivery deferrals seen to soar
Dismantling of box ships and postponements of newbuild deliveries this year will accelerate at a pace not seen in 15 years. Some 500,000 TEUs…
CMA CGM halts revenue erosion with higher box volumes, cost trims
A strong surge in volumes carried and cost savings enabled French box carrier CMA CGM to keep its revenue per standard unit stable in…
Carriers enter into Subic co-loading arrangement; Subic port volume up in Q1
There is growing interest in the use of Subic container port following the imposition of the Manila truck ban in late February that…
PH Senate bill seeks exemption of cargo transport from carriers’ tax
A bill has been filed in the Philippine Senate seeking to include the transport of cargoes in the exemption from payment of the Gross…
Survey: container shipping sector very confident rates, demand will improve
The shipping industry is currently displaying the highest level of confidence in almost six years about its prospects concerning freight rates and market demand.…
Smaller box carriers forecast to join merger trend
The tie-ups currently occurring among big container shipping lines will prompt smaller operators to seek their own consolidation in order to remain in competition,…
PSA registers double-digit profit in 2013, plans more investments
Singapore-based global port operator PSA International (PSA) posted higher profit, revenue, and volumes in 2013, describing its performance as credible in a year it…
BOC issues schedule of port dues for assessment purposes at MICT, South Harbor
The Philippine Bureau of Customs (BOC) has released a schedule of cargo-handling tariff, arrastre charges and wharfage dues that must be used as guide…
Zim, CSCL fall deeper into red
Bigger freight volumes could not lift Zim Integrated Shipping’s earnings, as it posted a wider net loss in 2013 year-over-year. The Israeli carrier reported…
Hapag-Lloyd stems further losses, sees improved prospects
Box carrier Hapag-Lloyd narrowed its loss in 2013 as earnings and volumes improved despite a difficult environment, and expressed brighter hopes for this year…
Cargolux hires new CEO, Asia-Pacific executive
European all-cargo airline Cargolux International Airlines has appointed a new chief executive officer and a new senior vice president for its Asia-Pacific operations. Named…
Smartphone sensors can revolutionize logistics—DHL study
Logistics companies should look into the potentials of applying consumer-oriented technologies such as smartphones and tablet PCs to their business operations to improve efficiency,…
Asia cargo airlines making tentative recovery
Global air cargo markets were relatively flat in February due to the timing of the Chinese New Year holidays, but Asia-Pacific carriers logged a…
‘Profound changes’ reshaping shipping industry to the core
The container shipping industry is facing an increasingly deteriorating scenario of supply-demand imbalance, spiraling debts, and market uncertainties that is prompting “profound structural changes”…
