INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has forged a US$12.5-million business partnership to form a company that will invest, build and operate a river…
ICTSI signs deal to build, operate Congo river port
The Latest
Cargo airlines optimistic about 2014 demand prospects
Growth in cargo volumes and demand is expected to pick up in 2014, reflecting recent improvements in world trade growth and increases in business…
Logistics companies fortify Southeast Asia service grid
Shipping and logistics firm Unithai of Thailand has partnered with Chin Corp of Myanmar in a bid to expand its service web in Myanmar.…
Hapag-Lloyd, CSAV closer to forming fourth largest box ship line
Germany’s Hapag-Lloyd and Chilean carrier Compania Sud Americana de Vapores (CSAV) stepped up efforts toward a merger with the signing of a nonbinding memorandum…
Ship operating costs in 2014 to rise on new laws, improving markets
Ship owners and operators managed to keep operating costs minimal last year, but operational expenses are expected to be much higher in 2014, predicts…
Logistics execs’ faith in emerging markets firm amid slowdown signs
Notwithstanding the political and economic turmoil that rocked some developing countries in 2013, the logistics industry is optimistic about growth prospects in emerging markets…
HKIA records 2.4% growth in 2013 airfreight
Hong Kong International Airport (HKIA) reported a slight increase in cargo throughput in 2013, even as traffic figures for December last year remained unchanged…
UPS 2013 earnings expected to fall short of target
A truncated holiday peak season, higher costs driven by record online shopping, and bad weather will impact earnings for 2013 at United Parcel Service…
CSCL orders five 19,000-TEU box ships
China Shipping Container Lines (CSCL) is gunning to own the biggest container ships in the world with a recent order for five 19,000-TEU (20-foot-equivalent…
Survey: firms challenged by growing interconnectivity of business risks
Business interruption and supply chain, natural catastrophes, and fire/explosion are the principal risks identified by global companies at the start of 2014, according to…
FMC seeks more info on G6 expansion, extends review period
The U.S. Federal Maritime Commission (FMC) has requested additional information from the members of the G6 Alliance on their plan to extend their cooperation…
MOL reshuffles Asia country heads
Mitsui O.S.K. Lines (MOL) has revamped its Asian middle-management team, announcing relocations for some of its country directors. “To be a true global player…
CMA CGM axes sailings on 3 Asia-Europe trade lanes
French shipping line CMA CGM said it will void sailings on the Far East to North Europe, the Mediterranean, and the Red Sea trade…
A Good Start for 2014 – Part 2
Our column today is the final part of our “Good Start for 2014” series of articles. Draft CMO on Proposed Revisions To Seafreight…
BOC releases draft order on new offdock CY/CFS rates
A draft memorandum order adjusting off-dock container yard/container freight station (CY/CFS) rates in the Philippines has been released by the office of the Bureau…
No need for OCOM clearance for IFM amendments
ALL requests for amendments – whether clerical or substantial in nature – to inward foreign manifests (IFM) in the Philippines will no longer require…
ICTSI sells Cebu unit to property developers
GLOBAL port operator International Container Terminal Services, Inc. (ICTSI) has sold its subsidiary, Cebu International Container Terminal, Inc. (CICTI), to property developers Cebu Asian…
PH Customs publishes imports list in transparency drive
THE Philippine Bureau of Customs, keeping to its promise to reform, has begun publishing online a list of almost every importation into the Philippines…
Amended PH rules speed up certificate of origin issuance
THE waiting time for customs brokers and importers in the Philippines securing certificates of origin (CO) will now be shortened to three days under…
Vietnam needs more reforms to reach industrialized status
The Vietnamese government has succeeded in reducing the country’s overall economic instability, but more progress is needed to address the economy’s structural weaknesses, according…
