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Solution to slow container deposit returns in PH mulled

Solution to slow container deposit returns in PH mulled

Jul. 23 | The Association of International Shipping Lines (AISL) is exploring the possibility of requiring a company check instead of cash deposit from shippers and forwarders as a way to resolve the long-standing issue surrounding the return of container deposits. AISL...

Chelsea Logistics final IPO price is P10.68

Chelsea Logistics final IPO price is P10.68

Jul. 23 | Domestic shipping line Chelsea Logistics Holdings Corporation (CLC) will list its shares on the Philippine Stock Exchange (PSE) at P10.68 apiece on August 8. The new listing date follows the approval of the Securities and Exchange Commission (SEC) on...

ICTSI’s Laguna dry port gets ready for higher box volumes

ICTSI’s Laguna dry port gets ready for higher box volumes

Jul. 20 | The Laguna Gateway Inland Container Terminal (LGICT), the dry port facility of International Container Terminal Services, Inc. (ICTSI) located in Southern Luzon, is gearing up for brisker business now that the Philippine Bureau of Customs (BOC) has issued...

PPA to revise 2017 targets after higher-than-expected earnings 

PPA to revise 2017 targets after higher-than-expected earnings 

Jul. 20 | The Philippine Ports Authority (PPA) has reset its revenue targets for the remaining period of the fiscal year after it posted a 32% hike in net income from January to May 2017 to P3.96 billion from P3 billion in the same period last year. “In view...

Check with IMO before drafting measures protecting high seas, shipping asks UN

Check with IMO before drafting measures protecting high seas, shipping asks UN

Jul. 17 | The International Chamber of Shipping (ICS) said the ongoing work at the United Nations to develop measures to protect marine life in “high seas” beyond national jurisdiction should not overlook the interests of shipping, an industry already amply...

PH cargo throughput up 9.36% in May

PH cargo throughput up 9.36% in May

Jul. 16 | Of the total Philippine cargo throughput in May, foreign cargo accounted for 61.304 million metric tons, up 9.43% to from 56.023 mmt. Photo courtesy of Manila International Container Terminal operator International Container Terminal Services, Inc. Cargo...

ATI’s Manila, Batangas terminals set for volume surge in peak season

ATI’s Manila, Batangas terminals set for volume surge in peak season

Jul. 16 | For the January-June 2017 period, Manila South Harbor has already broken its 2016 record by handling just short of 550,000 TEUs. Photo courtesy of port operator Asian Terminals Inc.   Facilities break mid-year container volume targets Manila South...

Cosco, OOCL merger reinforces shift in carrier-shipper dynamics

Cosco, OOCL merger reinforces shift in carrier-shipper dynamics

Jul. 13 | Industry analyst Drewry foresees rising freight rates and narrowing shippers’ choices with news of the purchase offer for Orient Overseas International Ltd (OOIL) by Cosco Shipping Holdings Ltd (Cosco) and Shanghai International Port Group Co. (SIPG). Drewry...

Maersk waives demurrage, detention charges for cyber attack-affected shipments

Maersk waives demurrage, detention charges for cyber attack-affected shipments

Jul. 13 | Photo from www.maersk.com Maersk Line is waiving demurrage and detention charges on shipments affected by a system outage that followed a cyber attack late last month. In a global advisory dated July 12, Maersk Line said it recognizes the disturbance...

Manila North Harbor wraps up first phase of port modernization

Manila North Harbor wraps up first phase of port modernization

Jul. 13 | Manila North Harbour Port, Inc chief executive officer Richard Barclay (leftmost) and Philippine Ports Authority (PPA) general manager Atty. Jay Daniel Santiago (fourth from the right) together with officers of San Miguel Corp. and PPA Board of Directors...
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