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Latest news on transportation and cargo industry

Bimco presses for a more accurate method to verify ships’ compliance with 0.5% sulfur cap

Bimco presses for a more accurate method to verify ships’ compliance with 0.5% sulfur cap

Jul. 16 | The International Maritime Organization (IMO) should adopt more accurate sulfur verification procedures and an effective implementation plan for complying with the IMO 2020 rule, said the Baltic and International Maritime Council (Bimco), adding that...

H1 traffic growth at HKIA steady; new passenger terminal at SG airport set to open

H1 traffic growth at HKIA steady; new passenger terminal at SG airport set to open

Jul. 16 | Hong Kong International Airport (HKIA) announced steady growth in air cargo and passenger traffic in the first half of 2018. From January to June of this year, HKIA handled 36.9 million passengers and 2.5 million tonnes of cargo and airmail, representing...

UPS enhances services in Thailand with longer pick-up cutoff, shorter transit times

UPS enhances services in Thailand with longer pick-up cutoff, shorter transit times

Jul. 15 | United Parcel Service (UPS) has announced additional service improvements in Thailand to better serve in the automotive and high-tech businesses, two sectors earmarked as growth engines of Thailand’s 4.0 economic transformation. In a written release,...

Strike averted as ACTOO, AISL strike deal on interim measures for empty container returns

Strike averted as ACTOO, AISL strike deal on interim measures for empty container returns

Jul. 14 | The Alliance of Concerned Truck Owners and Operators (ACTOO) has suspended its plan to hold a strike following an agreement with the Association of International Shipping Lines (AISL) to put in place provisional measures to address issues with the return...

PH cargo throughput up slightly in Jan-May

PH cargo throughput up slightly in Jan-May

Jul. 11 | Total throughput reached 98.89 million metric tons (mmt) for the first five months of the year compared to the 98.46 mmt handled in the same period last year. Cargo volume handled by Philippine ports in the first five months of the year grew slightly...

HMM launches two new box ships retrofitted with scrubbers

HMM launches two new box ships retrofitted with scrubbers

Jul. 11 | Hyundai Merchant Marine (HMM), South Korea’s largest shipping liner, launched last week one of its two newly built 11,000-TEU container ships that were retrofitted with sulfur oxide (SOx) scrubber systems. The HMM Promise was launched July 5 in...

BOI firms’ duty-free perk for capital equipment, parts imports extended

BOI firms’ duty-free perk for capital equipment, parts imports extended

Jul. 10 | The incentive allowing the duty-free importation of capital equipment, spare parts, and accessories by companies registered with the Philippine Board of Investment (BOI) has been extended by another year. President Rodrigo Duterte signed Executive Order...

ASEAN countries launch project to protect marine environment

ASEAN countries launch project to protect marine environment

Jul. 9 | Seven countries in the Association of Southeast Asian Nations (ASEAN) have launched a four-year initiative to improve the environmental health of the seas in the region by implementing key marine environment protection treaties, according to the International...

BOC, ICTSI in joint forum on trade facilitation at MICP

BOC, ICTSI in joint forum on trade facilitation at MICP

Jul. 8 | The “Ease of Doing Business at MICP: A Stakeholders’ Forum on Trade Facilitation” on July 20 at New World Manila Bay Hotel will tackle facility and process improvements at Manila International Container Terminal (in photo) and provide updates on...

Q1 air freight volume up 12% for PH carriers

Q1 air freight volume up 12% for PH carriers

Jul. 8 | Cargo volume handled by Philippine domestic carriers grew 12% in the first quarter of 2018 to 71.299 million kilograms from 63.672 million kg in the same quarter last year, data from the Civil Aeronautics Board showed. Low-cost carrier Cebu Pacific remained...
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