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Archive for May, 2010

Asia-Pacific airlines see higher cargo, passenger figures in April

Asia-Pacific airlines see higher cargo, passenger figures in April

May. 26 | AIR CARGO demand continued to perform strongly in April despite disruptions in the early part of the month due to ash spews of a volcano in Iceland. The Association of Asia-Pacific Airlines (AAPA) said the passenger industry also posted gains in April...

ICTSI signs agreement with Port of Portland

ICTSI signs agreement with Port of Portland

May. 26 | OFFICERS of International Container Terminal Services, Inc. (ICTSI) and the Port of Portland in Oregon, USA recently signed a Memorandum of Agreement for a 25-year lease to operate the container and breakbulk facility of Terminal 6. Photo shows the...

PPA turns the corner, posts 264% jump in 2009 income

PPA turns the corner, posts 264% jump in 2009 income

May. 26 | THE Philippine Ports Authority (PPA) reported a 264.17% jump in net income for 2009 to P1.788 billion from a net loss of P1.089 billion in 2008. Gross revenue for the full year 2009 reached P7.129 billion, up 7.6% or about P500 million from the previous...

INS’ DA import clearance system launch set next month

INS’ DA import clearance system launch set next month

May. 24 | VALUE-ADDED service provider InterCommerce Network Service (INS) is launching its electronic import clearance system with the Department of Agriculture (DA) on June 23, coinciding with the Araw ng Department of Agriculture. The launch covers three DA...

Mercury Freight sees brighter business with new government

Mercury Freight sees brighter business with new government

May. 24 | MERCURY Freight Int’l Inc (MFII) is optimistic that the entry of a new administration will bring more opportunities for the transport industry. The economic outlook is brighter now with apparent President-elect Benigno “Noynoy” Aquino...

Incoming BOC chief faces gargantuan task

Incoming BOC chief faces gargantuan task

May. 24 | THE customs commissioner of the incoming administration will have a tough time meeting revenue targets given the current economic conditions, according to outgoing Customs commissioner Napoleon Morales. “The economic assumptions of the economic...

Delta Air seeks fuel surcharge

Delta Air seeks fuel surcharge

May. 24 | DELTA Airlines recently filed a petition before the Civil Aeronautics Board (CAB) seeking to impose a fuel surcharge due to high fuel prices. The airline plans to levy a $45 fuel surcharge between the Philippines and Japan (each way) and a $100 surcharge...

Local lines slap North Harbor operator with demurrage fee

Local lines slap North Harbor operator with demurrage fee

May. 24 | A FEW domestic carriers are now charging North Harbor operator Manila North Harbour Port, Inc (MNHPI) a demurrage fee for delays in the servicing of vessels. Lorenzo Shipping, National Marine Container Lines and Negros Navigation last week began imposing...

New PCG Law’s implementing rules confusing, say stakeholders

New PCG Law’s implementing rules confusing, say stakeholders

May. 24 | LOCAL and international shipping lines are batting for clear-cut language in the implementing guidelines of Republic Act (RA) 9333 or the New Coast Guard Law. In a recent public consultation organized by the Philippine Coast Guard (PCG) and the Department...

High fuel costs drag Nenaco first-quarter net income

High fuel costs drag Nenaco first-quarter net income

May. 19 | DOMESTIC shipping operator Negros Navigation Co’s (Nenaco) net income fell 38% to P47.3 million in the first quarter of the year against last year due to higher costs, particularly fuel prices. Fuel prices rose to almost 50% this year compared to last...