Orient Overseas Container Line (OOCL) has announced the postponement of its planned eastbound trans-Pacific peak season surcharges to August. The Hong Kong-based container shipping…
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Moody’s sees ‘negative’ outlook for shipping over coming 12 months
The outlook for the shipping industry over the next several months is “negative” due to continued vessel oversupply, an international credit rating agency predicts.…
Philippine ports ink deal with Incheon
PORTS controlled by the Philippine Ports Authority (PPA) recently forged a sister port agreement with Incheon in South Korea. “This is an encouraging step…
ATS gets new CEO
PHILIPPINE company ATS Consolidated Inc (ATSCI), formerly Aboitiz Transport Systems Corp, has appointed Negros Navigation chairman Sulficio Tagud, Jr as its chief executive officer.…
GPS seal on Philippine transit cargoes questioned
THE Port Users Confederation (PUC), an umbrella organization of transport associations in the Philippines, recently registered reservations over a Bureau of Customs (BOC) plan…
PPA to spend P1.5B for ’11 projects
THE Philippine Ports Authority (PPA) has set aside P1.5 billion in capital expenditures this year to complete projects started by the previous administration as…
Customs creates body to certify imported vehicles
THE PHILIPPINE Bureau of Customs (BOC) recently created the Motor Vehicle Monitoring and Clearance Office (MVMCO) to certify all imported motor vehicles. The move…
Agility opens logistics branch in east Malaysia
Global logistics provider Agility has opened a new branch office in Kuching, east Malaysia, to serve the multinational technology companies opening and expanding manufacturing…
Zim hikes Asia-South America East Coast trade rates
Zim Integrated Shipping Services has announced a general rate increase (GRI) in the Asia-South America East Coast trade effective August 1, 2011. The Israel-based…
Energy-saving design cuts ships’ wind resistance
Nippon Yusen Kabushiki Kaisha (NYK Line) and Tsuneishi Shipbuilding said they have developed a new energy-saving technology that reduces the wind resistance of a…
Containership deliveries for 2012 forecast to break records
Next year, 2012, promises to be a record-breaker for deliveries of new containerships, predicts one of the world’s largest chartering and shipbroking companies. Braemar…
New Developments in e2m AEDS, PEZA, AEDS and Air e-Manifest
1st Batch of Successful Electronic Lodgements To e2m AEDS IT’S confirmed! The initial batch of electronic lodgements to e2m Automated Export Declaration System (AEDS)…
Hanjin expands China-India service
Indicating the growing interest of long-haul container shipping lines in intra-Asia trades, Hanjin Shipping announced plans to expand its China-India service from early July.…
Maersk joins global alliance for ocean sustainability
The A.P. Moller-Maersk Group has joined the World Ocean Council (WOC) to support global efforts on sustainable development and stewardship of the oceans through…
Drewry predicts big carrier losses on Asia-Europe run as overcapacity erodes rates
A London-based consulting firm has warned the container industry of “significant losses in 2011” as overcapacity fuels the continued erosion of freight rates in…
Roxas formally takes over Philippine transport portfolio
NEWLY installed Philippine Transportation and Communications Secretary Manuel Roxas III has his work cut out for him. Assuming office last Monday, he vowed to…
MNTC to finally run Subic-Clark expressway
AFTER a series of talks, the Bases Conversion and Development Authority (BCDA) and Manila North Tollways Corp (MNTC) signed an agreement allowing the latter…
Manila North Harbor operator told to stick to contract terms
MANILA North Harbour Port, Inc (MNHPI) should complete construction of a 52-hectare dock at the North Harbor by 2015 as stipulated in its contract,…
Export zone body tests automated export system
THE Philippine Economic Zone Authority (PEZA) is testing its automated export declaration system (AEDS) using three locators this week. Pilot companies Astec/Emerson Power, First…
Philippine customs starts greater scrutiny of balikbayan boxes
THE Philippine Bureau of Customs’ (BOC) recent decision to subject balikbayan (personal effects) boxes to scanning is another of the agency’s anti-smuggling initiatives, according…
