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Latest news on transportation and cargo industry

ICTSI proposes construction of multi-billion peso overpass to MICT

ICTSI proposes construction of multi-billion peso overpass to MICT

Apr. 24 | Port operator International Container Terminal Services, Inc. (ICTSI) is improving access to and from its flagship operation, Manila International Container Terminal (MICT), with two road projects, including a multi-billion-peso overpass. ICTSI has submitted...

World seaborne trade sustaining robust volume growth

World seaborne trade sustaining robust volume growth

Apr. 24 | Seaborne trade in 2016 jumped to more significant volumes after the slight growth recorded in 2015, as the shipping industry remains “a strong and steady performer” despite its many ups and downs over the years, according to a new analysis by Clarksons. “In...

Exports by Vietnam’s FDI firms slide 13%

Exports by Vietnam’s FDI firms slide 13%

Apr. 24 | Foreign-invested companies continue to dominate the Vietnamese export scene despite posting a decline in the first half of April, latest customs statistics show. Exports by firms funded by foreign direct investment (FDI) reached nearly US$10.87 billion...

HKIA logs 17.8% growth in cargo in March

HKIA logs 17.8% growth in cargo in March

Apr. 24 | Hong Kong International Airport (HKIA) recorded significant growth in cargo volume in March 2017, propelled by higher export orders. During the month, cargo traffic and flight movements recorded year-on-year increases of 17.8% to 433,000 tonnes and 0.5%...

Slightly higher growth for Thailand seen this year

Slightly higher growth for Thailand seen this year

Apr. 24 | The Asian Development Bank (ADB) forecasts a slightly higher economic growth for Thailand this year and next, noting that the Asian regional market remains stable despite a slowdown in the Chinese economy. The ADB expects the Thai economy to grow by 3.5%...

Trump signs order to ‘Buy American’, ‘Hire American’

Trump signs order to ‘Buy American’, ‘Hire American’

Apr. 21 | U.S. President Donald Trump signed April 18, 2017 an executive order promoting American industry and protecting it from unfair competition. The executive order will target “the abusive use of waivers and exceptions that undermine ‘Buy American’...

Vietnam customs finalizing NSW rules for aviation

Vietnam customs finalizing NSW rules for aviation

Apr. 21 | The General Department of Customs of Vietnam said it is now preparing the final draft guidelines governing the electronic processing of data on the exit, entry, and transit of aircraft through the National Single Window (NSW). To complete the draft guidelines...

Hub airports leverage robust trans-Pacific traffic

Hub airports leverage robust trans-Pacific traffic

Apr. 21 | Global aviation markets were “dynamic” in a turbulent 2016, with passenger traffic making huge strides, particularly on the trans-Pacific route, and cargo throughput making a rebound, according to Airports Council International (ACI). Based on reports...

PH massive infrastructure program detailed

PH massive infrastructure program detailed

Apr. 19 | The Philippine government detailed its massive infrastructure program dubbed “Build, Build, Build” at The Dutertenomics Forum on April 18. Budget Secretary Benjamin Diokno said the program, which would cost P8.4 trillion until the end of the Duterte...

IMF predicts 6.4% growth for Emerging Asia

IMF predicts 6.4% growth for Emerging Asia

Apr. 19 | Growth in Emerging and Developing Asia is expected to hold steady at 6.4% in 2017 and 2018, unchanged from the 6.4% growth recorded in 2016, as the global economy appears headed for a modest recovery, according to a new report by the International Monetary...
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