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Posts tagged with "ports"

Harbor Star profit balloons 30.5% in first first three months

Harbor Star profit balloons 30.5% in first first three months

May. 17 | Photo from www.harborstar.com.ph. Philippine marine services provider Harbor Star Shipping Services, Inc. (HSSSI) reported a net profit of P30.140 million in the first quarter of 2018, or 30.5% higher than the P23.1 million it earned in the same period...

ICTSI earmarks $25M for further port expansion works this year

ICTSI earmarks $25M for further port expansion works this year

Jan. 4 | Global port operator International Container Terminal Services, Inc. (ICTSI) is allotting US$25 million in additional working capital to continue its domestic and foreign expansion projects in 2018. In a disclosure to the Philippine Stock Exchange, ICTSI...

PH study bares long list of grievances by logistics service providers

PH study bares long list of grievances by logistics service providers

Dec. 30 | Government restrictions in the form of laws and regulations can adversely affect the price, reliability, and quality of distribution, multimodal transport, and logistics (DML) services, according to a recent report by state-run think tank Philippine...

Contract bidding, including for Davao-Sasa, under new PPA rules begins 2018

Contract bidding, including for Davao-Sasa, under new PPA rules begins 2018

Dec. 30 | The Philippine Ports Authority (PPA) will start the bidding for port concessions, including that for Davao-Sasa port, next year, as the agency rolls out its new regulatory framework for terminal management. PPA general manager Atty. Jay Daniel Santiago,...

Truckers: Manila CYs congested, won’t accept return of empties

Truckers: Manila CYs congested, won’t accept return of empties

Dec. 27 | The Aduana Business Club, Inc. (ABCI) is asking shipping lines to direct the return of empty containers to container yards (CYs) in nearby provinces instead of in Metro Manila where depots are full and returning empty containers to Manila’s international...

More PH carriers sign up with online empty-container returns system

More PH carriers sign up with online empty-container returns system

Nov. 15 | Cargo Data Exchange Center, Inc. CEO Leo Morada at the recent Chamber of Customs Brokers, Inc. 27th National Convention in Davao City. More shipping lines operating in the Philippines are now connected to GoFast, the web-based system of the Association...

ICTSI income up 11% in first three quarters, but down 9% in Q3

ICTSI income up 11% in first three quarters, but down 9% in Q3

Nov. 13 | Manila International Container Terminal, the flagship terminal of International Container Terminal Services, Inc. Photo courtesy of ICTSI. International Container Terminal Services, Inc. (ICTSI) reported an 11% increase in net income to US$168.1 million...

ICTSI enters Papua New Guinea

ICTSI enters Papua New Guinea

Sep. 26 | International Container Terminal Services, Inc. (ICTSI) has signed two 25-year concession agreements to operate, manage, and develop the international ports of Motukea and Lae in Papua New Guinea (PNG). The terminal operating agreements were signed by...

BOC beats H1 revenue target by 11.3% 

BOC beats H1 revenue target by 11.3% 

Aug. 19 | The Philippine Bureau of Customs (BOC) has exceeded its collection target for the first semester by 11.3%, posting more than P212.16 billion in duties and taxes from P190 billion year-on-year. Ten of 17 BOC ports topped their collection targets from...

ICTSI delivers 24% growth in income for first semester

ICTSI delivers 24% growth in income for first semester

Aug. 13 | International Container Terminal Services, Inc’s flagship, the Manila International Container Terminal. Photo courtesy of ICTSI. Port operator International Container Terminal Services, Inc. (ICTSI) reported a 24% increase in net income to US$115.117...
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