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Archive for August, 2011

Panalpina kicks off intra-Asia trucking service

Panalpina kicks off intra-Asia trucking service

Aug. 31 | Freight-forwarding company Panalpina has introduced an intra-Asia road transport service that it said is five to six days shorter than ocean freight and costs 30 percent to 50 percent less than air freight. The door-to-door transit service connecting...

CMA CGM racks up $237-M profit in first-half 2011

CMA CGM racks up $237-M profit in first-half 2011

Aug. 31 | CMA CGM said it is optimistic about 2011, even as high fuel costs reduced its net profit 72 percent to US$237 million in the first half of the year from the same period last year. The world’s third largest container shipping company reported revenue...

Vietnam’s Cai Mep port faces overcapacity

Vietnam’s Cai Mep port faces overcapacity

Aug. 31 | Global port operators are bracing against rising losses at Vietnam’s Cai Mep container port, as terminals are operating below half of their capacity, reports the Journal of Commerce, quoting industry analyst Alphaliner. Nine global terminal companies...

Carriers against Philippine terminal rate hike

Carriers against Philippine terminal rate hike

Aug. 30 | International carriers operating in the Philippines are against the vessel-related cargo-handling rate increase sought by port operators International Container Terminal Services, Inc (ICTSI) and Asian Terminals, Inc (ATI). “Lines are trying to block...

Palace asked to rule on Subic Naval Supply Depot award

Palace asked to rule on Subic Naval Supply Depot award

Aug. 30 | The Subic Bay Metropolitan Authority (SBMA) has asked the Philippine Office of the President (OP) to rule on whether the Naval Supply Depot (NSD) contract in Subic, north of Manila, should be awarded to winning bidder Harbour Centre Port Terminals, Inc...

PAL to go ahead with refleeting

PAL to go ahead with refleeting

Aug. 30 | Philippine Airlines (PAL) is pushing through with its refleeting plan amid a looming strike of employees due to a massive retrenchment program. “To stay competitive our fleet of Boeing B747-400s, Airbus 340-300s, A330-300s and A320-200s need to be replaced...

BOI auto import certificate in use despite BOC opposition

BOI auto import certificate in use despite BOC opposition

Aug. 30 | The Philippine Board of Investments (BOI) continues to implement its electronic Certificate of Authority to Import (eCAI) for vehicles accredited under the Motor Vehicle Development Program despite the Bureau of Customs’ (BOC) earlier decision to suspend...

Conference 2011 Hilites

Conference 2011 Hilites

Aug. 30 | Schedule and Fees This year’s annual conference is just over three weeks away. Below are the key info.   • Date          Sept. 22-23, 2011 • Venue        EDSA Shangri-La Hotel, Isla and Palawan Ballrooms • Theme      ...

Manufacturers urged to identify supply chain risks

Manufacturers urged to identify supply chain risks

Aug. 29 | A new report released August 23, 2011 by a global business consulting service advises manufacturers to identify the risk areas they need to monitor to “protect and prepare their supply chain matrix against a ticking time bomb of financial instability.” In...

Economic upheavals should spur ASEAN unity

Economic upheavals should spur ASEAN unity

Aug. 29 | The volatile global economic situation only underscores the need to complete the integration of the Association of Southeast Asian Nations (ASEAN) to ensure the region’s continued and equitable economic growth. This was the conclusion reached by the...
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