ICTSI Far East Pte Ltd — a subsidiary of Philippine-based port operator International Container Terminal Services, Inc. (ICTSI) — has formally offered to buy…
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Subic, South Africa ports eye cooperative deal
SUBIC Bay Metropolitan Authority (SBMA) in the Philippines is eyeing a cooperative agreement with a South African port. A South African delegation, led by…
Capacity oversupply hounds Philippine cargo industry
OVERSUPPLY of bottoms remains a threat to the Philippine cargo industry, creating stiff competition in a very thin market, according to Magsaysay Transport and…
Maersk eyes penalties for no-show cargo
Maersk Line will start charging customers who renege on their booked container deliveries. The carrier will in turn pay clients for delivered containers it…
Japan’s May exports reel from disasters, fall 10.3 percent
Exports from Japan shrank 10.3 percent in May from the same month last year. The finance ministry reported on June 20 that exports dropped…
CKYH abandons Asia-Europe lane as spot rates drop
A container shipping alliance plans to stop its Asia-Europe trade lane service as spot rates fall steadily. The CKYH Alliance, consisting of Cosco, K…
Global supply chains must brace for increased attacks – report
Cyber, hacker, pirate and terrorist attacks against global supply chains will rise over the next 20 years, and firms should plan now to protect…
OOCL raises rates on north and east Asia-Australia services
OOCL plans to increase its freight rates from north and east Asia (China, Hong Kong, Taiwan and Korea) to Australia starting July 15, 2011.…
PEZA, freeport zones eye own version of automated export system
THE Philippine Economic Zone Authority (PEZA) and the freeports of Clark and Subic will test their own automated export declaration system this week in…
Indonesia to construct vital port in Sorong
Indonesia’s state port operator PT Pelindo II plans to build a $13-billion modern container port in Sorong, Papua province, to function as a domestic…
High fuel cost dampens Lorenzo Shipping prospects
THE high cost of fuel will keep growth flat this year at Philippine cargo carrier Lorenzo Shipping Corp (LSC). “It is really hard to…
Philippine importers find GPS cargo seal too expensive
THE looming mandatory use of electronic global positioning system (GPS)-equipped barrier seals (EGBS) on cargo transported within the Philippines is unacceptable because it demands…
APL wins liner owner and environment protection awards at Seatrade Asia
APL, the world’s seventh largest container shipping carrier, won the liner owner/operator and environment protection awards at the fourth Seatrade Asia Awards held June…
Indonesia to construct vital port in Sorong
Indonesia’s state port operator PT Pelindo II plans to build a $13-billion modern container port in Sorong, Papua province, to function as a domestic…
CMA CGM names new CFO
France-based CMA CGM has announced the appointment of Michel Sirat to group chief financial officer. He was appointed group CFO of the third biggest…
NOL invests $1.54B in new ships, vessel upgrades
Singapore carrier Neptune Orient Lines (NOL) has sent orders for ten 14,000-TEU vessels and two 9,200-TEU vessels to be built in South Korea. It…
Hanjin resumes Asia-Mideast service with new partner
Hanjin Shipping will renew its Far East-Middle East (FMX) service starting from early July with a new partner, Nippon Yusen Kaisha (NYK Line). The…
Cebu Pacific buys $3.8B worth of aircraft
CEBU Pacific recently signed an aircraft deal with Airbus worth $3.8 billion. Considered the largest deal ever made by a Philippine carrier, it involves…
Davao port services provider doubles reefer capacity
DAVAO Integrated Port Services & Stevedoring Corp (DIPSSCOR) recently doubled capacity of its reefer storage facility to further improve the transport and storage of…
Electronic air manifest submission now underway in Philippine airports
By LEO V. MORADA, IT Columnist MANDATORY submission of electronic airline and aircargo consolidation manifest to the Philippine Bureau of Customs’ electronic-to-mobile (e2m) system…
