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Archive for May, 2005

Foreign Currency Risks in International Trade

Foreign Currency Risks in International Trade

May. 9 | FOR importers and exporters, the foreign currency risk involved in trading goods across borders is quite difficult to understand and manage. The risk of loss while imported articles are in transit is easily managed by securing a marine insurance coverage....

RP, Brunei deal cuts port tariffs by 50%

RP, Brunei deal cuts port tariffs by 50%

May. 2 | A common vessel tariff agreement inked recently by the Philippine Ports Authority (PPA) and the Ports Department of Brunei Darussalam reduced by at least 50% port tariff for foreign vessels plying the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth...

Coltrans Cargo bags forwarding award

Coltrans Cargo bags forwarding award

May. 2 | Photo shows (L to R): Dr. Felix M. Lao, Jr., chair of the awards committee; Vener Brosas-Catacutan, sales manager of Coltrans Cargo; and Prof. Jose Jesus Roces, national president of the Philippine Marketing Association. Coltrans Cargo was awarded Most...

ATI seeks renegotiation of South Harbor contract

ATI seeks renegotiation of South Harbor contract

May. 2 | ASIAN TERMINALS, INC. (ATI) wants to renegotiate with the Philippine Ports Authority (PPA) its existing supplemental contract on South Harbor. "The assumptions made back then are now all wrong. The focus of the business now is on containerized operations,"...

Keppel Phils delivers tugboat ahead of sked

Keppel Phils delivers tugboat ahead of sked

May. 2 | KEPPEL PHILIPPINES MARINE, INC. (KPMI) has delivered harbor tugboat MV Salalah 23 days ahead of schedule to its Omani owner, Salalah Port Services Co. (SPSC), at Keppel Batangas Shipyard. SPSC Harbor Master captain Ahmed Abdullah Ba’Omar said the...

PPA to decide on Harbour Center plea for expanded services next month

PPA to decide on Harbour Center plea for expanded services next month

May. 2 | THE Philippine Ports Authority (PPA)is set to issue its decision next month on whether it would allow Harbour Centre Port Terminal, Inc. (HCPTI) to handle commercial international containerized cargoes. The port agency admitted the HCPTI petition is still...

BOC to consider more cargoes under green lane

BOC to consider more cargoes under green lane

May. 2 | THE Bureau of Customs (BOC) is enhancing its cargo selectivity scheme in order to facilitate clearance at the ports. At the recently concluded 3rd Philippine Ports and Shipping at the Peninsula Manila, Customs commissioner Alberto Lina said: "We...

PPA board approves ICTSI 25-yr contract extension

PPA board approves ICTSI 25-yr contract extension

May. 2 | THE Philippine Ports Authority (PPA) is extending International Container Terminal Services, Inc.’s (ICTSI) cargo-handling contract at the Manila International Container Port (MICP) for another 25 years. ICTSI’s contract expires on 2013 still,...
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