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Poor data sharing takes toll on shipping, study finds

Poor data sharing takes toll on shipping, study finds

Jun. 23 | The maritime industry and broader ocean supply chain are suffering from major and costly inefficiencies due to ineffective data sharing and poor cross-industry collaboration, according to a new report and industry survey released recently by the Business...

Fitch foresees strongest world growth since 2010

Fitch foresees strongest world growth since 2010

Jun. 23 | The recovery in global growth is strengthening and is expected to pick up to 2.9% this year and peak at 3.1% in 2018, the highest rate since 2010, says Fitch Ratings in its latest Global Economic Outlook (GEO). “Faster growth this year reflects...

Airports log continued rise in freight throughput

Airports log continued rise in freight throughput

Jun. 23 | Global air freight volumes continued their upward momentum in April 2017, while global passenger traffic achieved record levels for the month, according to data from Airports Council International (ACI). As this developed, Hong Kong International Airport...

PH customs brokers seek deferment of e-submission of air manifest

PH customs brokers seek deferment of e-submission of air manifest

Jun. 21 | The Chamber of Customs Brokers, Inc is requesting the Philippine Bureau of Customs (BOC) to defer the strict implementation of the “switch-on” mode for the electronic submission of airfreight manifests, noting it has led to delays in customs clearance...

Boeing hikes forecast for new airplane demand

Boeing hikes forecast for new airplane demand

Jun. 21 | Aircraft manufacturer Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at US$6.1 trillion dollars. The company’s annual Current Market Outlook (CMO) was released June...

Shipping confidence highest in three years, survey finds

Shipping confidence highest in three years, survey finds

Jun. 21 | The confidence of shipping stakeholders reached its highest rating over the past three years in the period March to May 2017, according to a new report by Moore Stephens. The average confidence level of respondents surveyed went up to 6.1 out of 10.00...

Box freight rates rise on strong Q1 performance

Box freight rates rise on strong Q1 performance

Jun. 21 | Container shipping companies have benefited from a modest increase in freight rates since the start of the year, but a sustainable recovery in the container market will only be achieved by reaching a viable supply/demand balance through capacity cuts,...

7 aeronautics firms keen to invest in KLIA Aeropolis

7 aeronautics firms keen to invest in KLIA Aeropolis

Jun. 21 | Seven investors are expressing interest in investing in the Kuala Lumpur International Airport (KLIA) Aeropolis, according to Malaysia Airports Holdings Berhad (MAHB). “There are seven opportunities to do the final negotiations during the Paris Air...

HCPTI permit to operate Harbour Centre extended by 10 years

HCPTI permit to operate Harbour Centre extended by 10 years

Jun. 20 | The Philippine Ports Authority (PPA) has extended by a decade the permit of Harbour Centre Port Terminal, Inc. (HCPTI) to operate Harbour Centre, its bulk and breakbulk terminal in Manila. In a text message, PPA assistant general manager for operations...

PH plans yearend NSW linkup with ASEAN Single Window

PH plans yearend NSW linkup with ASEAN Single Window

Jun. 20 | After five years, the Philippines is expected to finally connect to the Association of Southeast Asian Nations (ASEAN) Single Window by December this year, according to Finance Undersecretary Gil S. Beltran. Beltran said the Department of Finance (DOF)...
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