LORENZO Shipping Corp.’s revenue declined 8.35% to P1.24 billion in the first nine months of the year from P1.353 billion for the same period…
Lower volumes shrink Lorenzo revenue 8.3% to P1.2B
The Latest
PH Customs eyes conduit office for traders, war room for alert orders
THE Philippine Bureau of Customs is planning to create an office that will “perpetuate the open-engagement relationship” between customs officials and stakeholders. The agency…
Election
Election Date Moved by One Day to Nov. 20 At the November general membership meeting of SCMAP, the members present will elect the ten…
ICTSI takes over Tacloban port operations
International Container Terminal Services, Inc (ICTSI) will temporarily take over operations of Tacloban port, one of the many structures damaged by super typhoon Haiyan…
HKIA cargo traffic grows, Garuda to double aircraft fleet
Cargo volume at Hong Kong International Airport (HKIA) grew by 6.1 percent to 367,000 tonnes in October 2013 year-over-year. A 10 percent year-on-year increase…
13 new faces at PH Customs as staff transfer continues
THE Philippine Bureau of Customs (BOC) has brought another batch of 13 new faces into the service, as the clean-up of the corruption-prone agency…
Upbeat Asia bolstering global recovery outlook—survey
Renewed confidence in Asia’s economy after a weak third quarter is exerting a positive impact on the global economic outlook over the next six…
DHL appoints HK-Macau managing exec, Ceva names new CEO
Global contract logistics firm DHL Supply Chain has announced the appointment of Dave Lim as managing director of Hong Kong and Macau. The appointment…
New ASEAN sling taps into growing intra-Asia trade
Evergreen Line and Hanjin Shipping have joined forces and created a new service that aims to strengthen the network between the rapidly growing Association…
PH gov’t, private sector join hands in massive relief work
MASSIVE relief operations are under way in areas the central Philippines devastated by super typhoon Yolanda as airlines, shipping lines and the country’s conglomerates…
PH growth estimate cut to 4.1% due to super typhoon
THE impact of super typhoon Haiyan (local name Yolanda) could drag down the growth of the Philippine economy to a much slower pace of…
Relief piling up at Matnog port, but where are the ships?
TRUCKLOADS of relief goods are choking the Port of Matnog in Sorsogon, the nearest maritime gateway to the typhoon-devastated provinces of Samar and Leyte,…
ICTSI unit seals deal for takeover of Honduran port
INTERNATIONAL Container Terminal Services, Inc (ICTSI) said its subsidiary, Operadora Portuaria Centroamericana S.A. de C.V. (OPC), has sealed its takeover of the concession to…
Box lines to impose rate hikes on Asia lanes
Hong Kong-based Orient Overseas Container Line (OOCL) is planning a revenue restoration program on the Asia-Europe trade that will take effect next month. Freight…
Maersk Line pockets $554-M profit in Q3 on cost savings
Danish shipping line Maersk Line made a profit of US$554 million in the third quarter of the year, an improvement on the $498-million profit…
Record traffic, strong profit for APM Terminals in Q3
APM Terminals handled 9.3 million TEUs (20-foot-equivalent units) during the third quarter of the year, which it said was a new company record for…
DHL opens latest Asia freight hub in Tanjung Pelepas
Air and ocean freight specialist DHL Global Forwarding has unveiled its new international supply chain hub in Tanjung Pelepas, Malaysia, the fifth in its…
ICTSI net income jumps 22% in first three quarters
Listed Philippine port operator International Container Terminal Services, Inc. (ICTSI) reported double-digit growth in its financials and throughput for the first nine months of…
Cebu Pacific Jan-Sept income plunges 70.8%
Low-cost carrier Cebu Pacific Air reported a 70.8% drop in net income to P66.081 million for the first three quarters of the year from…
PH ports agency records 36% growth in income
Philippine Ports Authority’s (PPA) net income for the first eight months of the year rose 35.73% to P4.096 billion from P2.633 billion year-on-year. Revenue…
