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Trump ‘biggest risk’ to trade: port magnate

Trump ‘biggest risk’ to trade: port magnate

Apr. 24 | US President Donald Trump, Jr. is today’s biggest risk to global trade, according to port and casino tycoon Enrique Razon, Jr. “Trump is the biggest issue, by far probably the only risk. Well, economic growth of course is always a risk, but Trump...

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...

Harbor Star 2016 profit jumps 49% on strong earnings from most services

Harbor Star 2016 profit jumps 49% on strong earnings from most services

Apr. 18 | Marine services provider Harbor Star Shipping Services, Inc. (HSSI) reported a 49% surge in net income for 2016 as a result of stronger operating income and positive performances by most of its services. In a disclosure to the Philippine Stock Exchange,...

Freight rates dip on East-West trade lanes

Freight rates dip on East-West trade lanes

Apr. 17 | The World Container Index assessed by Drewry, a composite of container freight rates on eight major routes to and from the U.S., Europe, and Asia, was down by more than 4.0% last April 13. Drewry said spot freight rates were down by 4.4% to US$1,456.20...

Survey: shippers not happy with service of box carriers

Survey: shippers not happy with service of box carriers

Apr. 16 | Clients of container shipping lines have expressed dissatisfaction with the service these carriers provide, saying that service quality has deteriorated in the past year, according to the results of a survey conducted jointly by Drewry and the European...

Evergreen starts direct Subic-Taiwan-Korea service

Evergreen starts direct Subic-Taiwan-Korea service

Apr. 13 | Taiwanese carrier Evergreen Marine Corporation is launching a new weekly direct service next week that will connect Subic port with Taiwan and South Korea, expected to stimulate growth in the northern and central parts of Luzon. Evergreen, Taiwan’s...

PH ports security tightened in time for summer break

PH ports security tightened in time for summer break

Apr. 13 | The Philippine Ports Authority (PPA) has tightened security at all its ports as it expects a busy summer this year. PPA directed over the weekend all port managers to mobilize their emergency response teams and security and safety personnel to ensure...

European exporters assail ‘unexplained’ capacity crunch

European exporters assail ‘unexplained’ capacity crunch

Apr. 10 | The European Shippers’ Council (ESC) has expressed concern about the capacity crunch in liner shipping and the way ship owners are handling it. In a recent press release, the ESC said that with the current capacity shortfall, goods to be exported from...

Harbor Star 2016 profit jumps 49% on strong earnings from most services

Harbor Star 2016 profit jumps 49% on strong earnings from most services

Apr. 9 | Marine services provider Harbor Star Shipping Services, Inc. (HSSI) reported a 49% surge in net income for 2016 as a result of stronger operating income and positive performances by most of its services. In a disclosure to the Philippine Stock Exchange,...

PPA consults stakeholders on 25-year port roadmap

PPA consults stakeholders on 25-year port roadmap

Apr. 6 | The Philippine Ports Authority (PPA) recently conducted a national ports summit to get recommendations from stakeholders and port managers for the first 25-year roadmap it is crafting for the country’s port system. PPA assistant general manager for...
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