Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has refuted earlier reports that it is selling its container shipping operations after incurring huge…
CSAV not selling container business
The Latest
Mandatory weighing on hold at Manila North Port
The Philippine Ports Authority (PPA) has temporarily suspended mandatory weighing of outbound containers and roll on-roll off vehicles at the North Port, days after…
High pilotage fees push PH lines to drop Cotabato calls
PHILIPPINE cargo carriers will cease services to and from Polloc Port (Port of Cotabato) as early as next week due to allegedly exorbitant and…
SBITC, J-PAC Logistics to jointly market Subic
Subic Bay International Terminal Corp (SBITC) and logistics service provider J-PAC Logistics recently signed a memorandum of agreement to jointly promote and market Subic…
Carriers anticipate losses in 2011, take gloomy outlook of 2012
Global container shipping lines are anticipating losses for the full year 2011 and bracing for a gloomy 2012 marked by high costs, vessel glut,…
CSAV posts Q3 loss, mulls sale of boxline operations
Chilean Compañía Sud Americana de Vapores or CSAV is considering selling its container shipping operations following another revenue loss in the third quarter of…
Zim hit with $66-M loss in third quarter
Israel-based Zim Integrated Shipping Services has suffered a $66 million loss in the third quarter of the year after a profit of $37 million…
MISC quits container shipping after $789-M loss
MISC Bhd has announced its departure from the container shipping business after massive financial setbacks due to deteriorating industry conditions. The Malaysia-based shipping company…
Maersk to hike rates on Asia-Caribbean and Latin America routes
Maersk Line will implement a number of general rate increases (GRI) and peak-season surcharges for its Far East Asia services in December 2011. Changes…
Maersk merges ICON and ‘Daily Maersk’ services
Maersk Line announced on November 25, 2011 that it will merge the ICON service with the Asia-Europe ‘Daily Maersk’ network in early 2012 “to…
Asia-Pacific air freight demand falters in October
International air freight demand showed “a continuation of established trends” this year, further slowing down in October 2011, according to the latest traffic figures…
OOCL Vietnam-US West Coast service update
OOCL is pleased to announce the enhancement of our Trans-Pacific West Coast service. Apart from the SCX service, the new Vietnam Express service (VTX) will…
DHL introduces special air freight containers for health-care shipments
DHL Global Forwarding, the air and ocean freight unit of Deutsche Post DHL, has contracted CSafe, LLC, a heat-and-cool container provider for the temperature-sensitive air…
PH economic body cites three concerns threatening maritime sector
The Philippine National Economic and Development Authority (NEDA) has identified safety, overlapping and conflicting functions of transport and concerned agencies, and the threat made…
SuperFerry resumes passenger and cargo operations
SuperFerry has resumed operations after a brief suspension meted out by the Philippine Maritime Industry Authority (MARINA) over the weekend. Officials of the company…
ATSCI pares down losses
PHILIPPINE shipping line ATS Consolidated, Inc. (ATSCI) posted a net loss of P257.5 million in the first nine months of the year, a 46%…
PAL books loss of $39.4M
PHILIPPINE Airlines posted comprehensive losses of $39.4 million in the second quarter of its current fiscal year compared to a comprehensive income of $26.7…
Specialized foreign vessels to soon service PH gas project
The Philippine Maritime Industry Authority (Marina) will soon allow special-purpose foreign-flag vessels to exclusively service the Malampaya deepwater gas-to-power project in Batangas, south of…
DHL appoints new Chief Operating Officer for DHL Global Forwarding
DHL announced that Thomas George, since April 2008 Chief Executive Officer DHL Freight, has been appointed Chief Operating Officer (COO) DHL Global Forwarding. In…
Currency swings slash Hapag-Lloyd’s profit by 13%
Wide currency fluctuations due to the debt crisis in Europe ate into the profits of Hapag-Lloyd, whose revenue in the third quarter ended September…
