A unit of 2GO Group Inc. expects a full-year revenue of about P722 million in 2013 on the back of expected volume growth, as…
2GO unit targets P722M revenue, opens box yard
The Latest
Reliability of draught surveys
IS a draft survey reliable? No. And this is the story. On November 25, 1995, C Export Co. allegedly loaded on board the…
Rates rise at NAIA customs bonded warehouses
STORAGE rates in customs bonded warehouses within the Ninoy Aquino International Airport (NAIA) Complex located in the Philippine capital Manila have gone up effective…
Freight lifts revenue, helps trim losses at 2GO
GAINS from freight operations boosted 2GO Group’s revenues by 5.78% to P13.72 billion last year as shipping business accounted for the bulk of its…
Batangas, Subic ports lack allure of cargo volume – shipping exec
STAKEHOLDERS in the Philippine shipping industry seek cargo volume and port efficiency to encourage shipping lines to shift to Batangas or Subic port. Association…
PH public works enforces stricter load rules for trucks, trailers
Philippine truckers need to reconfigure their vehicles’ load capacity to avoid penalties, as the government begins implementing a new policy against overloading on June…
RCL and MCC in new intra-Asia slot exchange
Thailand-based Regional Container Lines (RCL) announced a new slot exchange deal with MCC Transport on the Thailand/Vietnam-Hong Kong trade route that begins in the…
ATI declares P700M dividend after robust 2012
Publicly listed Philippine port operator Asian Terminals Inc. (ATI) is paying shareholders total cash dividends worth P700 million after reporting a robust performance for…
ICTSI-Anglo Ports tandem shortlisted for Melbourne port project
International Container Terminal Services Inc. (ICTSI) is in the running for the right to operate a new container terminal at the Port of Melbourne,…
Advocacy Work
At last month’s Board meeting there was a bit of discussion about how SCMAP seems to have lost its image on advocacies. Some officers…
ASEAN Single Window Web Portal
The ASEAN Single Window (ASW) Web Portal was officially launched in Manila on May 8, 2013 with the Philippines as host country. The…
Emirates Shipping Line adjusts Asia-ME charges for May
UAE-based Emirates Shipping Line announced a general rate increase for its Asia-Middle East trade lane effective May 15. The box liner said a rate…
ACI observes ‘systemic slowdown’ in airfreight traffic
Global airfreight traffic continued to exhibit signs of weakness, posting cargo volume of 4,202 metric tonnes in March for a year-over-year decline of 1…
HK airfreight handler logs double-digit volume growth
Asia Airfreight Terminal (AAT), the second cargo handler at Hong Kong International Airport, recorded an 11 percent rise in throughput for April 2013 year-over-year.…
PSS, GRI and BAF await boxes on Cosco’s Far East-Europe network
Cosco Container Lines plans to impose a peak season surcharge (PSS) on the Far East-Northwest Europe and Mediterranean starting next month. In a statement,…
APL revises Asia-North America loop
Singapore-based APL said it is replacing its SZX service Ex Colombo with its AZX service beginning May. The carrier, a subsidiary of Neptune Orient…
Tanjung Sauh to catapult Indonesia to global transshipment hub?
Indonesia’s ongoing construction of a new container port in Tanjung Sauh is part of an ambitious plan to become a major transshipment center, but…
Zim, MOL enhance services
Israel-based Zim Integrated Shipping Services announced it will add the port of Norfolk in Virginia, U.S.A., to its Zim Container Service Pacific (ZCP) route…
First quarter yields profit for Panalpina
With strong performances in ocean freight and logistics, Swiss forwarder Panalpina started the year on a positive note, reporting a consolidated profit of CHF14…
Mega-ship orders weakening rate hike resolve
New orders for ultra-large container vessels (ULCVs) are undermining attempts by carriers to solve the capacity overhang, according to Drewry’s monthly report “Sea &…
