State port operator Indonesia Port Corporation (IPC) said the New Priok Port development in Jakarta, Indonesia, will be completed in 2023. It will have…
New Priok Port completed by 2023
The Latest
Freight volume growth for Q2 and Q3 ‘modest at best’
Increases in global freight tonnage will be “modest at best” for the second and third quarters of the year, the latest data from the…
Kerry Logistics opens India, China tank depots
Logistics giant Kerry Logistics has opened an ISO tank depot in India and a foundry to supply engineering parts for tank customers in China.…
Auckland hosts 39th Executive Council Meeting of FAPAA
Auckland, New Zealand — The Customs Brokers and Freight Forwarders Federation of New Zealand (CBAFF) recently hosted the 39th Executive Council Meeting and annual…
MASkargo inaugurates KL-Ho Chi Minh-Bangkok route
MASkargo, the cargo unit of Malaysia Airlines, has launched a Southeast Asia route as part of the expansion of its intra-Asia network. The A330…
Mandatory adoption of PH automated export system scheduled in June
The supplemental Customs Memorandum Order (CMO) implementing the Philippine Bureau of Customs (BOC) electronic-to-mobile Automated Export Declaration System (e2m-AEDS) has been signed, with full…
PH box throughput increases 7% in Q1
Philippine container throughput grew 6.97% to 1.229 million twenty-foot equivalent units in the first quarter of the year from 1.149 million TEUs year-on-year, according…
ICTSI income jumps 24% in first quarter to $35.4 million
Manila-based International Container Terminal Services, Inc (ICTSI) posted a 24% increase in net income to $35.4 million in the first quarter of the year…
2GO eyes 50% cut in freight capacity
Philippine-listed company 2GO Group, Inc plans to slash capacity of its freighters by half to better respond to requirements of the local trade. 2GO…
ICTSI pushes urgent need to increase cargo-handling fees
Manila-based International Container Terminal Services, Inc (ICTSI) reiterated the need to raise port tariffs to help improve the country’s competitiveness, particularly in terms of…
PH March exports slip 1.2%
Philippine exports declined slightly in March despite higher receipts posted by the country’s top export commodity, electronic products. Data from the National Statistics Office…
Poland terminal operator secures loan worth $46.5M
Baltic Container Terminal Ltd (BCT), a subsidiary of Manila-based International Container Terminal Services, Inc (ICTSI), recently secured loans for upgrade and expansion of its…
NOL loses $254 million in first quarter
Neptune Orient Lines (NOL), the Singapore-based container shipping and logistics company, reported a bigger first quarter 2012 net loss amounting to US$254 million from…
Malaysia ports’ box volumes up January-March
Malaysian ports posted an increase in container volume of 6.5 percent to 5.1 million 20-foot equivalent units (TEUs) in the first quarter of 2012…
Hanjin Shipping $295 million poorer in Q1
Hanjin Shipping, South Korea’s largest container shipping line, registered a greater first quarter net loss year-on-year due to higher bunker prices and lower cargo…
High fuel costs, weak demand drag down SIA profits
Singapore Airlines (SIA) saw its net profit dive by 69 percent in the fiscal year ended March 31, 2012, which it blamed on high…
e2m AEDS Pilot Exporter Participants Use CDEC VASP
During the past three weeks there has been a flurry of email advisories, seminars, stakeholder consultations and a lot of questions about electronic-to-mobile Automated…
Political Will on Display
President Benigno Aquino III displayed rare political will last Labor Day when he rejected outright the demand of labor federations led by the Trade…
MOL, Evergreen to launch Asia-US East Coast service in June
Taiwan’s Evergreen Line and Japan’s Mitsui O.S.K. Lines (MOL) will launch a joint Asia-U.S. East Coast service in early June. In a press release,…
Diesel-powered RTGs at Laem Chabang set for conversion
APM Terminals (APMT) said it has signed a EUR1 million (US$1.3 million) contract with Germany’s Conductix-Wampfler for the retrofitting of rubber-tire gantry (RTG) cranes…
