Hong Kong International Airport (HKIA) and Hong Kong-based Cathay Pacific group both recorded positive growth in cargo traffic in April year-on-year, even as passenger…
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Port of Manila district collector’s hands-on approach boosts port efficiency, collections
Putting in place systems that promote efficiency and micromanaging daily operations are the approaches taken by Bureau of Customs-Port of Manila (POM) district collector…
PPA releases new schedule for higher cargo-handling tariff at Manila ports
The Philippine Ports Authority (PPA) has issued the revised schedule of cargo-handling tariff at Manila South Harbor and Manila International Container Terminal (MICT) that…
Lorenzo Shipping reports bigger net loss in Q1
Philippine domestic liner Lorenzo Shipping Corporation (LSC) posted a widened net loss of P71 million in the first quarter of 2018 compared to its…
CAB doc stamp tax now costs twice as much
The Civil Aeronautics Board (CAB) has increased the rate of documentary stamp tax for the certificates it issues with the implementation of the Tax…
2GO rebounds from loss with P40.9M profit in Q1
2GO Group, Inc. posted a net income of P40.910 million in the first quarter of 2018, a reversal from the P264.863 million loss in…
Maersk reports wider loss after ‘unsatisfactory’ Q1
Danish shipping giant A.P. Moller-Maersk said its revenue in the first quarter of the year increased by 30% to US$9.3 billion year-over-year, but saw…
BOC eyes automated updating of list of importables
The Bureau of Customs (BOC) is creating an automated system to make it easier for importers and customs brokers to comply with the requirement…
LBC net profit soars 147% as logistics sales rise
LBC Express Holdings, Inc. (LBC) reported a net income of P563.821 million in the first quarter of 2018, which is 147% higher than the…
Starlite Ferries introduces new Matnog-Allen swing
Starlite Ferries Inc. (Starlite), a wholly owned subsidiary of Chelsea Logistics Holdings Corp. (CLC), has launched daily services on the route between Matnog in…
BOC sets June launch for enhanced verification system for goods declaration
The Bureau of Customs (BOC) will launch and pilot-test in June an enhanced goods declaration verification system (EGDVS) that will allow stakeholders to file…
Chelsea income soars 326% in Q1 as all units turn in profit
Chelsea Logistics Holdings Corp. (CLC) reported a net income of P115 million in the first quarter of 2018, which is 326% higher than the…
Harbor Star profit balloons 30.5% in first first three months
Philippine marine services provider Harbor Star Shipping Services, Inc. (HSSSI) reported a net profit of P30.140 million in the first quarter of 2018, or…
BOC issues rules on advance submission of e-manifest under new AMS
The Bureau of Customs (BOC) has released guidelines for the advance submission of the manifest and other documents to its new Advanced Manifest System…
PAL deepens loss to nearly P800M in Jan-Mar on higher costs
Philippine Airlines (PAL) posted a wider net loss in the first quarter of 2018 to P799.691 million from P750.791 million in the same period…
Asian Terminals announces double-digit Q1 income, revenue growth
Philippine port operator Asian Terminals Inc. (ATI) reported an 18.6% higher net income for the first quarter of 2018 to P581.9 million, a boost…
Palawan’s San Vicente Airport inaugurated, set to host more carriers
San Vicente Airport (SVA) in Palawan is now ready to accommodate commercial flights after finally being inaugurated almost a decade since its construction started.…
Three more A321 planes join Cebu Pacific’s expanding fleet
Low-cost carrier Cebu Pacific Air has taken delivery of three additional brand-new Airbus A321CEO (Current Engine Option) aircraft, beefing up its fleet to 65.…
Logistics industry sees blockchain as a ‘game changer’
Blockchain is one of the most influential trends to impact on the logistics and supply chain sector, according to a recent poll by industry…
Vietnam’s first deepwater box terminal opens in Hai Phong
The new Hai Phong International Container Terminal (HICT) at Lach Huyen Port in the northern port city of Hai Phong in Vietnam was launched…