AirBridgeCargo is the first freighter operator this year to enjoy reduced airport charges at Amsterdam Airport Schiphol, benefitting from Schiphol’s newly-introduced Cargo Sustainability Incentive…
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APM Terminals says 2011 results ‘strongest ever’
APM Terminals (APMT) reported a revenue growth of 10 percent year-on-year and an ebitda of US$1.06 billion to make The Hague-based global port operator’s results…
Global air cargo remains in doldrums, says IATA
International air freight demand fell 8 percent in January compared to the same month in 2011, indicating the continued “stabilized weakness” in cargo markets,…
Rickmers-Linie expands China coverage
Rickmers-Linie, the Hamburg-based operator of heavy lift and project liner services, is expanding its market coverage in China and is enhancing its sales and marketing…
Fairmount Summit delivers drilling rig Delba III in Brazil
ROTTERDAM — Tug Fairmount Summit has delivered the new build drilling rig ODN Delba III from the Persian Gulf to a location offshore Rio…
Bumpy road ahead for Philippine economy
The Philippine economy will continue to go through a rough patch this year although the road will not be as bumpy as in 2011,…
Maersk Phils gets new MD
Johan Sigsgaard has been named the new Managing Director of Maersk Line Philippines effective Feb 29, replacing Sylvia Ding who was transferred to another…
Much of NAIA 3 operational by yearend
The Philippine Department of Transportation and Communications (DOTC) expects to operate 75% of the Ninoy Aquino International Airport Terminal 3 (NAIA 3) by December…
UK Club debuts innovative maritime risk management scheme in Asia
After much study and only after in-depth trials with certain shipowners, the UK P&I Club is now launching an innovative risk management scheme utilizing…
China plans to build world’s biggest airport
China will construct the world’s largest airport within the next five years, Chinese media reported. The planned US$4.8-billion airport in Daxing, located between Beijing…
WTSA lines announce April guideline rate adjustments
Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a new round of incremental dry cargo rate increases, part of their…
Hapag-Lloyd sets rate hikes for North Europe and North America to East Asia loops
Hapag-Lloyd will impose general rate increases (GRIs) from North Europe to East Asia and from Canada and the U.S. to East Asia, the Indian…
CMA CGM reshuffles Asia-US East Coast loops
CMA CGM announced that it will reshuffle its Asia-U.S. East Coast services from March 28. The new Asia-U.S. East Coast network is reportedly part of…
ASEAN ministers eye working groups to remove market barriers
Economic ministers from the Association of Southeast Asian Nations (ASEAN) agreed to establish working groups on trade in goods, services, and investment that will…
PH Customs’ automated export system for Mar 1 adoption
The Philippine Bureau of Customs (BOC) will implement its own version of the Automated Export Declaration System (AEDS) at the start of March to…
SMC acquisition of PAL almost done deal
Philippine publicly-listed company San Miguel Corp (SMC) will reportedly take a 49% stake in Philippine Airlines (PAL), according to recent reports. The reports claimed…
PH gov’t bullish on shipbuilding, other sunrise sectors
The Philippine Department of Trade and Industry (DTI) is eyeing shipbuilding among new sunrise industries which could boost exports and economic growth. “We are…
PH export council pushes EO on Revised Kyoto Convention
The Export Development Council (EDC) in the Philippines, working with the National Competitiveness Council (NCC), will push for an executive order that will finally…
Cebu Pacific signs lease for 4 planes
Philippine-based Cebu Pacific Air (CEB) recently signed a lease agreement for four new Airbus A330-300s for use in long-haul routes starting the third quarter…
First General Membership Meeting
At the induc-tion of SCMAP officials last Feb. 10, 2012 Presi-dent Ike Castillo promised that 2012 would be different, ending his talk with “But…