The World Container Index (WCI), the first Europe-based assessment of container freight rates and index production, will be launched jointly by Drewry Shipping Consultants…
The Latest
ICAO and WCO join forces to boost air cargo security
The International Civil Aviation Organization (ICAO) and the World Customs Organization (WCO) have banded together to protect air cargo from terrorist and criminal activities…
ASEAN urged to resolve trade barriers to market unification
To form a unified regional market, the Association of Southeast Asian Nations (ASEAN) needs to remove trade blockages and harmonize its customs procedures and…
No use for additional ro-ro ports, says PPA chief
THE Philippine Ports Authority (PPA) sees no immediate need to pursue the roll on-roll off (ro-ro) port project of the previous administration, considering some…
SGL+ program gets support of big PH importers
THE recently implemented Super Green Lane Plus (SGL+) program of the Philippine Bureau of Customs (BOC) received approval from the country’s biggest importers, including…
Mitsui & Co gives ICTSI competition on Singapore port operator bid
INTERNATIONAL Container Terminal Services, Inc (ICTSI) may need to up its bid if it wants to acquire a majority stake in Singapore-based port operator…
PH exports decrease 3.2% in May
PHILIPPINE exports declined in May after posting significant growth for 16 consecutive months. Latest data from the National Statistics Office showed that May exports…
PH Customs posts surplus in first half
THE Bureau of Customs (BOC) collected P15 billion more in the first half of the year but fell short of its P137.9-billion target for…
CSAV and MSC hook up on four trade routes
CSAV and Mediterranean Shipping Company have agreed to jointly operate four trade routes to focus on ocean carrier rationalization amid overcapacity, shrinking cargo volume…
Sri Lanka invests in Colombo and Hambantota port expansions
Sri Lanka aspires to build an Asian shipping hub that will compete against Singapore and Dubai by investing $3.4 billion into expanding ports in…
Maersk to raise capacity on Asia-Africa route
Maersk Line is fielding more ships on the Asia-West Africa lane to accommodate a rise in trade flows and maintain its dominant market share.…
Keppel Philippine Marine to delist shares in Oct
SHIPYARD operator Keppel Philippine Marine, Inc (KPMI) is looking at delisting its shares from the Philippine Stock Exchange (PSE) in October as it sees…
Sarawak’s Tanjung Manis port adopts global quality standards
Improvements continue at the Tanjung Manis Integrated Port (TMP) to ensure that the only deep-sea port in central Sarawak in Malaysia meets international standards,…
VSA postpones trans-Pacific Jaguar Service
Citing reduced demand on the trans-Pacific, CMA CGM, Maersk Line, and Mediterranean Shipping have postponed the launch of their third string in their vessel-sharing…
Drewry: Box shortage to drag on
The critical shortage of containers in 2010 will ease slightly but steep prices and a tight ratio of containers to vessel slots will still…
Pirate attacks rise in first half of 2011
Pirate attacks on the world’s seas totaled 266 in the first six months of 2011, up from 196 incidents in the same period last…
North Port eyes 7.7% more volume this year
MANILA North Harbour Port, Inc (MNHPI) expects to handle 700,000 twenty-foot equivalent units (TEUs) at its North Port facility from 650,000 TEUs last year,…
PH passenger traffic rises 9% in Q1
PHILIPPINE passenger volume grew 9.4% in the first quarter of the year, according to latest data from the Civil Aeronautics Board (CAB). Passenger traffic…
Philippine ports agency income up 6% in first four months
THE Philippine Ports Authority’s (PPA) net income for the first four months of the year grew 5.68% to P1.363 billion, thanks to a 7.49%…
Maersk nabs sustainable shipping operator award
Maersk Line announced it has won its second Sustainable Shipping Operator of the Year Award. The award, presented by Sustainable Shipping in London on…
