APL, the container shipping division of Neptune Orient Lines (NOL), reported second quarter core EBIT (earnings before interest and taxes) of US$7 million compared…
APL reports slim profit in second quarter
The Latest
MSC sets bunker, peak season surcharges on Asia shipments
Mediterranean Shipping Company (MSC) announced it will apply bunker compensation (BUC) on cargo from the Far East to the Mediterranean and North Europe. The…
Indonesia’s Pelindo III reports increased port calls in H1
Ports in the eastern part of Indonesia posted a slight increase in the number of ship calls in the first half of 2012 owing…
Kerry Logistics opens freight offices in Myanmar, Sri Lanka
Kerry Logistics, a Hong Kong-based freight forwarder, has opened two new offices, one in Myanmar and another in Sri Lanka, as part of its…
APEC: Efficient supply chain key to regional integration
Asia-Pacific economies should facilitate the development of efficient and reliable supply chain systems to enhance cross-border business linkages in support of regional economic integration. Transport…
Nippon Express is top PH airfreight forwarder for Q1
Nippon Express Philippines, Inc emerged as the Philippines’ top airfreight forwarder for the first quarter, cornering 18.92% of the total market with shipments of…
PH Customs automated system back in harness after Thursday shutdown
The Philippine Bureau of Customs’ (BOC) electronic-to-mobile system (e2m) was up and running again late Friday after it shut down on Thursday due to…
PH BOC pushes for P100M baggage x-ray machines
The Philippine Bureau of Customs (BOC) is eyeing the purchase of P101.2 million worth of baggage scanning machines and other equipment for installation in…
PH Customs’s July collection down 24% on target
The Philippine Bureau of Customs (BOC) missed its July collection by 24.2%, taking in P23.823 billion vis-à-vis the target of P31.441 billion. The July…
Paperless imports and exports
The Bureau of Customs’ (BOC) automation projects, namely the electronic-to-mobile (e2m) and National Single Window (NSW), are indeed a welcome change. By electronically…
Box ships levied only partial rate hikes on August 1
Carriers implemented only 3 percent of their general rate increases (GRIs) scheduled for August 1 on the eastbound trans-Pacific trade because of a soft market, according to the latest…
CEVA nets lower profit in Q2
The Netherlands-based freight forwarder CEVA Logistics reported adjusted earnings before interest, taxes, depreciation, and amortization of EUR70 million (US$85 million) in the second quarter,…
IJS Global manages warehouse for Novartis Animal Healthcare PH
IJS Global has designed and built a dedicated warehouse for Novartis Animal Healthcare products in the Philippines under a three-year warehousing and distribution contract.…
Deutsche Post DHL raises forecast as Asia demand rises
Global portal and logistics leader Deutsche Post DHL raised its full 2012 earnings guidance after its Asia market helped bolster its second-quarter revenue. While…
Global air cargo in ‘demand limbo’—IATA
Air freight volumes in June recorded a slight increase over the same month the previous year, boosted by the strong growth in the Middle…
Hapag-Lloyd cuts proposed Far East-North Europe rate hike
Hapag-Lloyd announced changes to its earlier notice to impose a rate hike and a peak season surcharge on its East Asia-North Europe service for…
MSC to levy rate hikes on Asia services
Geneva-based carrier Mediterranean Shipping Company (MSC) released a series of bulletins on general rate increases (GRIs) affecting its Asia loops. From August 15, MSC…
Hapag-Lloyd announces change for Busan port call
Hapag-Lloyd said it is implementing a terminal change for the Busan port calls of five Grand Alliance trans-Pacific services. These services currently call at…
Panalpina profit slides 37% as Europe-Asia trade slows
Panalpina’s profit went down 37.5 percent year-over-year for the second quarter of 2012 due to the slowdown in the Europe-Asia trade. Earnings before interest,…
Strong peso keeps a nation poor
International banker and economist Victor Barrios recently drafted a paper arguing that a strong peso has kept the Philippines poor, its people poorer and…
