THE Philippine Ports Authority (PPA) recently registered a 13.25% decline in net income from January to October this year, resulting from low revenue generation…
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International lines seek stop to PPA order on SRF
INTERNATIONAL shipping lines are seeking a stop to the implementation of Philippine Port Authority’s (PPA) Administrative Order (AO) 02-2003, also known as the “Implementing…
PISA: Lifting of cabotage does not assure lower shipping costs
THE Philippine Interisland Shipping Association (PISA) said relaxing the cabotage rule does not guarantee lower shipping costs in the country. The statement was made…
Subic port project faces opposition
OLONGAPO CITY – Officials and residents of this city have reacted strongly to a statement by Japanese Ambassador to the Philippines Kojiro Tanako that…
Shipping operators train for E-port
SHIPPING operators recently sent their representatives to join E-port training sessions in preparation for the full operationalization of the E-port module nationwide. Among the…
Lorenzo Shipping income sinks 17.1% in first nine months
PURE freight operator Lorenzo Shipping Corp. recently reported a net profit of P4.54 million for the first nine months of the year, down 17%…
New US cargo security rules to take effect in two weeks
ADVANCE shipment details must be sent electronically to authorities before the goods arrive in or leave the US, according to new cargo security rules…
Rules of origin and marking of imported goods
Scenario. XYZ, a Philippine trading company, is planning to introduce in the domestic market generic notebook computers by next year. The notebook computers are…
PPA: No new ports in Manila for now
NEW ports in Manila will not be allowed in a bid to decongest the country’s capital, according to Philippine Ports Authority (PPA) general manager…
Customs amends rules on Super Green Lane use
THE Bureau of Customs (BOC) recently amended rules governing use of the Super Green Lane (SGL) import processing facility. Under Customs Administrative Order 6-2003,…
Sept imports down 4.5 %
TOTAL merchandise trade for September 2003 declined 1.1% to $6.309 billion from $6.381 billion during the same period a year ago. Dollar-inflow generated by…
EU-ASEAN Customs officials exchange notes on stopping fake goods
MORE than 80 customs officials from ASEAN and Europe met in Manila last week to talk about best practices and learn new techniques in…
Keppel income up 51% in first nine months
KEPPEL Philippines Marine, Inc., the country’s largest shipyard operator, reported turning in P40.102 million for the first nine months of the year, up 51%…
Filipino shipowners group hosts 29th FASA general meet
THE Filipino Shipowners Association (FSA) will host the 29th Federation of ASEAN Shipowners Association Annual General Meeting (FASA AGM) on December 1-3 at the…
Philippine air traffic down in first nine months
PHILIPPINE air traffic fell 9.13% for the first nine months of the year, according to preliminary data gathered by the Civil Aeronautics Board (CAB).…
CAO 8-2003: Selection of companies for customs audit
Customs Auditors. In a previous article on the Post Entry Audit (PEA) system, we mentioned that the Bureau of Customs (BoC) advertised in major…
Harbor Star Accounts for Half of Philippine Towage Market
JUST five years into the tug boat and towage business, Harbor Star Shipping Services, Inc. is now servicing half of the Philippine market. At…
Gov’t sees P1.3B more annual revenue with impending tariff hike
THE Philippine government expects to collect an extra P1.5 billion each year with the implementation of new duties on almost 500 imported products. The…
ICTSI chosen by Forbes as one of world’s ”rising companies“
FORBES Global has selected global maritime port operator International Container Terminal Services, Inc. (ICTSI) as one of world’s 200 “Best Under a Billion” companies…
Ocean shipping forecast: 120 M TEUs by 2011
Ocean carriers are expected to handle around 120 million twenty-foot equivalent units (TEU) by 2011 from the present volume of 74 million TEUs, according…
