OPERATIONS at Manila’s seaports continued Tuesday despite heavy monsoon rains enhanced by tropical storm Maring and as widespread flooding in the metropolis and nearby…
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Singapore reveals far-reaching plans for airport, seaport
Singapore’s Prime Minister Lee Hsien Loong has announced long-term infrastructure plans to raise the capacity at Changi Airport with a third runway as well…
Zest Air suspension lifted
LOW-COST carrier Zest Air’s suspension by the Civil Aviation Authority of the Philippines (CAAP) has been lifted on Tuesday. The civil aviation regulator lifted…
Lorenzo’s profit hit by cargo squeeze, rate war
LISTED Philippine container carrier Lorenzo Shipping Corp. said revenue for the first half of the year fell 5.5% to P862.75 million from P912.89 million…
P29.8B earmarked for PH transport system modernization
ALMOST P30 billion of the Philippine Department of Transportation and Communications (DOTC)’s P48.7-billion funding next year will be allotted for the continued modernization of…
PH Customs may miss collection goal in H2
COLLECTIONS could continue to miss targets in the second semester after falling short by more than P18 billion in the first half, an official…
ICTSI ups medium-term note program to $1B
International Container Terminal Services, Inc. recently approved an increase in the medium-term notes it intends to float to US$1 billion from $750 million. The…
LRT-1 expansion project to go on as scheduled
Construction will proceed as scheduled on the LRT1 Cavite extension project. The Philippine Department of Transportation and Communications (DOTC) made this statement after only…
HKIA cargo traffic grows as Cathay Pacific tonnage slips
Hong Kong International Airport (HKIA) reported a 1.9 percent growth in cargo volume to 341,000 tonnes in July 2013 compared to the same month…
Survey: Global economy dims in Q2 but recovery possible
The world economy has weakened slightly this quarter, mainly due to declining optimism in Asia and Latin America, while North America shows signs of…
Hapag-Lloyd announces more rate hikes for Asia services
Germany’s Hapag-Lloyd will impose more freight rate hikes on Asia service routes beginning next month. A general rate increase (GRI) will be levied on…
Maersk Line collects $439 M in profit for Q2
Danish box carrier Maersk Line made a profit of US$439 million in the second quarter of the year against $227 million for the same…
Ocean carriers reverting to core port services
Carriers will be increasingly restricted to its core strength—providing port-to-port services—as they continue to be squeezed out of the integrated logistics services industry, predicts…
HK’s Cathay Pacific designates top execs
Cathay Pacific Airways has appointed its current chief executive, John Slosar, as chairman of the airline from March 2014, succeeding Christopher Pratt. Ivan Chu,…
K+N names Trefzger new CEO
Kuehne + Nagel (K+N) has appointed Dr. Detlef Trefzger as the new CEO of the Switzerland-based freight forwarder. Trefzger, who has been a member…
Higher profit for APM Terminals in weak market
Global port operator APM Terminals made US$179 million in profit for the second quarter of 2013, an improvement from the $160 million in the…
What is the customs value of goods on consignment?
Scenario. ABC Singapore (ABC SGP) manufactures, distributes and sells branded consumer items across the Southeast Asia region. In the Philippines, it sells its products…
Zest Air operations suspended over safety issues
PHILIPPINE aviation regulators suspended low-cost carrier Zest Air’s license on Aug. 16, for several violations of safety regulations. The Civil Aviation Authority of the…
TNT invests in scanner at Thai airport ahead of ASEAN union
TNT Express Worldwide (Thailand) Co., a provider of integrated express delivery services, has commissioned a state-of-the-art scanning facility at Suvarnabhumi Airport in Thailand in…
Cathay Pacific pockets small profit in H1
Cathay Pacific gained HK$24 million (US$3.1 million) in profit in the first six months of 2013, up from a loss of HK$929 million in…