An exporting country like the Philippines needs to continue improving its transport and logistics infrastructure to seize new opportunities in global markets. This is…
Improved infrastructure to help boost foreign trade
The Latest
High Shipping Cost: A 30-Year Issue
Philippine Chamber of Commerce and Industry mainstay Donald Dee says he and other leaders of the country’s biggest business organization have been making noise…
Agreement to help push PH exports to Japan
The Philippines must continue to ride on opportunities offered by its only bilateral agreement signed so far, the Philippine-Japan Economic Partnership Agreement (PJEPA), to…
Maersk Line slashes capacity on Asia-Europe trade by 9%
Maersk Line, the world’s largest container shipping company, is cutting its vessel capacity on the Asia-Europe trade by 9 percent, citing the oversupply of…
Hong Kong air cargo traffic down 17% in January
Cargo throughput at the Hong Kong International Airport declined 17.5 percent to 275,000 tonnes in January this year against January 2011 owing to sluggish…
OOCL boosts North Europe to Asia trade rates
OOCL announced on February 17 a rate hike on its North Europe to Asia service. “Currently, ocean freight rates continue to be below the…
TNT Express rejects proposed $6-B acquisition bid by UPS
Dutch package shipper TNT Express has rejected a EUR4.9 billion ($6.45 billion) acquisition bid from U.S. rival United Parcel Service (UPS), even as both…
CMA CGM and Maersk Line in joint reshuffle of Asia-West Mediterranean services
CMA CGM announced on February 17 that it is reshuffling its services on the Asia-West Mediterranean trade in partnership with Maersk Line from early…
CSAV net loss in 2011 hits $1.25 billion
Chile’s Compania Sud Americana de Vapores (CSAV) had a net loss of US$1.25 billion in 2011, down from a profit of $171 million in…
Baria Serece Port in Vietnam sets record traffic
Vietnam’s Baria Serece Port posted a record throughput of 4.6 million tons in 2011, making its management group confident about its business situation in…
Survey shows Asian shippers dissatisfied with claims processing
Chilean shipping line CSAV garnered the top spot for overall performance in Containerisation International’s (CI) first shipper sentiment poll for Asia, reported IFW, its sister publication.…
CMA CGM unveils new freight rate hikes for March-May
French ocean carrier CMA CGM continues its rate restoration initiative, announcing its new freight price hikes for the Asia-U.S. and Canada trades. It also…
Vale Group starts Subic transshipment operations
The Vale Group of Brazil recently commenced transshipment operations at the Subic Bay freeport, two hours from the Philippine capital Manila. For its first…
2011 PH exports contract 7%
Philippine exports continued to decline in December, dropping 20.7% year-on-year and 0.3% from the November 2011 figure, according to the National Statistics Office. December…
PEZA export fee set at P150
The Philippine Economic Zone Authority (PEZA) has pegged at P150 the export declaration processing fee (EDPF) for all shipments under its Expanded Automated Export…
Direct collection of weighing fee from PH cargo owners sought
Member lines of the Philippine Liner Shipping Association (PLSA) are asking the North Harbor operator to streamline cargo weighing fee collection procedures. “What we…
Philippine ports agency income down Jan-Nov
The Philippine Ports Authority (PPA) posted a 4.8% decline in net income from January to November to P3.518 billion from P3.699 billion in the…
Cosco announces rate adjustments effective March
General rate increase for trans-Pacific trade Cosco Container Lines would like to announce general rate increases for all shipments from Far East and Indian…
Tanjung Priok port handles its first 4,500-TEU ship
The Port of Tanjung Priok handled a ship with a capacity of more than 4,500 TEUs (20-foot equivalent units) on February 4, the first…
T.S. Lines, Cosco partner for China-SE Asia service
Hong Kong’s T.S. Lines has partnered with China’s Cosco Container Lines in launching a China-Southeast Asia (CSE) service from February 18 in expectation of…
