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CMA CGM swings to black, confirms order for 22,000-TEU ships

CMA CGM swings to black, confirms order for 22,000-TEU ships

Sep. 17 | French container shipping liner CMA CGM said it posted “excellent financial results” for the second quarter of 2017 as volumes surged and freight rates jumped, and affirmed its order for nine mega box vessels. Volumes carried in the second quarter...

ICS: $100B needed to invest in new ballast water treatment systems

ICS: $100B needed to invest in new ballast water treatment systems

Sep. 15 | The International Chamber of Shipping (ICS) said that with the entry into force of the International Maritime Organization (IMO) Ballast Water Management (BWM) Convention last September 8, the sector may have to invest about US$100 billion in new treatment...

BWM Convention in force; Jamaica and Malta latest signatories

BWM Convention in force; Jamaica and Malta latest signatories

Sep. 13 | The International Maritime Organization announced that Jamaica and Malta have become the latest states to sign up to IMO’s Ballast Water Management Convention, which entered into force on September 8, 2017. Malta acceded to the BWM Convention earlier...

PH ports see 7.4% hike in first-half volume

PH ports see 7.4% hike in first-half volume

Sep. 12 | Photo courtesy of Manila North Harbour Port, Inc. Cargo volume handled by Philippine ports in the first semester of 2017 rose 7.42% due to a favorable business climate, according to the Philippine Ports Authority (PPA). Almost all aspects of cargo operations,...

Cebu port cargo throughput 8.4% higher in first half

Cebu port cargo throughput 8.4% higher in first half

Sep. 7 | Cargo volume at Cebu’s port increased 8.4% in the first half of 2017 to 18.971 million metric tons (mmt) from 17.502 mmt in the same period last year, data from the Cebu Port Authority (CPA) showed. Domestic cargoes, which accounted for 80% of the...

Chelsea Logistics contemplating takeover of ferry operator

Chelsea Logistics contemplating takeover of ferry operator

Sep. 7 | Photo from www.chelsealogistics.ph Chelsea Logistics Holdings Corp. (CLC) has signed a memorandum of understanding (MOU) to buy 100% shares of stocks from the owners of ferry company Starlite Ferries, Inc. (Starlite) and its subsidiaries. CLC in a statement...

Chelsea Logistics welcomes cap on age of imported passenger vessels

Chelsea Logistics welcomes cap on age of imported passenger vessels

Sep. 7 | Chelsea Logistics Holdings Corp. (CLC) said it supports the new Maritime Industry Authority (Marina) rule putting a cap on the age of imported passenger vessels as this policy is aligned with the company’s fleet modernization program. In a statement,...

PH mission to Indonesia to rev up ro-ro trade

PH mission to Indonesia to rev up ro-ro trade

Sep. 7 | The Philippines, through the Department of Trade and Industry (DTI), is set to send a trade mission to Indonesia this month in a bid to sustain the Davao-General Santos-Bitung roll-on/roll-off (Ro-Ro) operations and expand trade with the neighboring...

PH lawmaker bats for pre-shipment checks on container cargo

PH lawmaker bats for pre-shipment checks on container cargo

Sep. 3 | Expanding the pre-shipment inspection (PSI) to containerized cargoes will not only save the government billions of pesos in personnel recruitment costs but also solve corruption in the Bureau of Customs (BOC), according to Buhay Party-list representative...

Chelsea Logistics earnings up 93% in 1H 2017

Chelsea Logistics earnings up 93% in 1H 2017

Sep. 3 | Photo from www.chelsealogistics.ph Chelsea Logistics Holdings Corp. (CLC) reported a 93% surge in earnings in the first semester of 2017 to P399.8 million from P207 million recorded in the same period last year. CLC in a statement said this resulted from...
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