INTERNATIONAL Container Terminal Services, Inc, operator of the Adriatic Gate Container Terminal, recently signed another agreement with the Croatian Railways that increases the terminal’s…
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Clark eyes P8B budget terminal
CLARK International Airport Corp (CIAC) is eyeing construction of an P8-billion budget terminal in Clark Freeport in Pampanga, north of Manila, next year under…
Philippine lines push cashless payment at ports
PHILIPPINE shipping lines want cashless transactions in the payment of arrastre and stevedoring fees, saying this will cut transaction time as well as minimize…
ICTSI net income soars 42% in first half
INTERNATIONAL Container Terminal Services, Inc (ICTSI) reported a 42% jump in first-half net income to $60 million from $42.4 million year-on-year, thanks to higher…
OOIL net profit down 38% from lower freight rates on east-west trade
Orient Overseas (International) Limited (OOIL) announced a profit after tax of US$175 million for the first six months ended June 30, 2011, down $105.3…
Shipping firms bring EU to court over sanctions
Thirty-six entities headed by Hamburg-based shipping company Ocean Capital Administration are seeking legal redress from the financial sanctions imposed on them by the European…
World airport cargo traffic rose 15 percent in 2010 – report
Airports Council International (ACI), the only global trade representative of the world’s airports, has released its 2010 World Annual Traffic Report, which documents a…
Cebu Pacific tops Philippine airfreight, passenger markets in H1
CEBU Pacific (CEB) was the Philippines’ leading air freight and passenger airline for the first half of the year, according to latest data from…
North Port to roll out new terminal system
THE Manila North Harbour Port, Inc (MNHPI) will soon adopt the Synchronized Planning and Real-time Control System (SPARCS) to streamline procedures at the North…
Legal woes seen with ro-ro project cancellation
THE Aquino administration is prepared to go through international litigation with its decision to junk the roll on-roll off port project approved by the…
ICTSI Davao unit hits 100,000th TEU mark
DAVAO Integrated Port and Stevedoring Services Corp. (DIPSSCOR), a subsidiary of International Container Terminal Services, Inc (ICTSI) and cargo handler at the Sasa Wharf…
Philippine Customs may revise transshipment rules
THE Philippine Bureau of Customs (BOC) is looking at whether there is legal basis to require transshipment cargoes to be entered eventually under consumption…
Korea eyes P2.4B container facility in Philippine province
A P2.4-billion container seaport at the Aurora Pacific Economic Zone and Freeport, south of Manila in the Philippines may soon rise with funding from…
Hapag-Lloyd adds peak-season string to northeast Asia-East Coast Australia loop
To meet the seasonal peak for southbound volumes into Australia, Hapag-Lloyd announced the addition of a third string to enhance its existing two-loop system…
APL posts 94 percent on-time record in trans-Pacific
Container shipping line APL said its on-time performance in the trans-Pacific trade was 94 percent for the first half of 2011. In its midyear…
Hapag-Lloyd levies congestion surcharge at India’s congested Port of Jawaharlal Nehru
Following APL’s lead, Hapag-Lloyd plans to enforce a port congestion surcharge at India’s Port of Jawaharlal Nehru (Nhava Sheva) as the equipment modernization program…
Slowdown predicted for northern Europe’s port container volume
The six major ports in northern Europe will see a continued decline in overall import and export container growth from March, the year’s high,…
PH Shippers want underguarding as alternative to GPS seals
THE private sector is urging the Bureau of Customs (BOC) to retain underguarding or the use of the General Transportation Surety Bond (GTSB) when…
ICTSI drops out of Portek bid
INTERNATIONAL Container Terminal Services, Inc (ICTSI) formally withdrew its offer to acquire Portek International Ltd after Japanese firm Mitsui & Co acquired majority stake…
Maersk imposes general rate increase on India/Middle East-Europe cargo
From September 1, Denmark-based Maersk Line will enforce a general rate increase on cargo moving from the Indian subcontinent and the Middle East to…
