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Archive for February, 2012

China plans to build world’s biggest airport

China plans to build world’s biggest airport

Feb. 29 | China will construct the world’s largest airport within the next five years, Chinese media reported. The planned US$4.8-billion airport in Daxing, located between Beijing and Langfang in Hebei Province, will have nine runways and handle 130 million...

WTSA lines announce April guideline rate adjustments

WTSA lines announce April guideline rate adjustments

Feb. 29 | Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a new round of incremental dry cargo rate increases, part of their ongoing effort to stem revenue erosion in the U.S.-Asia cargo market. Effective April...

Hapag-Lloyd sets rate hikes for North Europe and North America to East Asia loops

Hapag-Lloyd sets rate hikes for North Europe and North America to East Asia loops

Feb. 29 | Hapag-Lloyd will impose general rate increases (GRIs) from North Europe to East Asia and from Canada and the U.S. to East Asia, the Indian Sub-Continent, and the Middle East. The Germany-based Hapag-Lloyd said rates will be raised by US$225 per 20-foot...

CMA CGM reshuffles Asia-US East Coast loops

CMA CGM reshuffles Asia-US East Coast loops

Feb. 29 | CMA CGM announced that it will reshuffle its Asia-U.S. East Coast services from March 28. The new Asia-U.S. East Coast network is reportedly part of the French ocean carrier’s move to consolidate services with other box ships in a bid to cut vessel...

ASEAN ministers eye working groups to remove market barriers

ASEAN ministers eye working groups to remove market barriers

Feb. 29 | Economic ministers from the Association of Southeast Asian Nations (ASEAN) agreed to establish working groups on trade in goods, services, and investment that will look into removing impediments to the establishment of the ASEAN Economic Community (AEC)...

PH Customs’ automated export system for Mar 1 adoption

PH Customs’ automated export system for Mar 1 adoption

Feb. 29 | The Philippine Bureau of Customs (BOC) will implement its own version of the Automated Export Declaration System (AEDS) at the start of March to complement a similar initiative by the Philippine Economic Zone Authority (PEZA). A supplemental memo operationalizing...

SMC acquisition of PAL almost done deal

SMC acquisition of PAL almost done deal

Feb. 29 | Philippine publicly-listed company San Miguel Corp (SMC) will reportedly take a 49% stake in Philippine Airlines (PAL), according to recent reports. The reports claimed San Miguel CEO Ramon Ang and PAL Holdings chairman Lucio Tan are just working out...

PH gov’t bullish on shipbuilding, other sunrise sectors

PH gov’t bullish on shipbuilding, other sunrise sectors

Feb. 29 | The Philippine Department of Trade and Industry (DTI) is eyeing shipbuilding among new sunrise industries which could boost exports and economic growth. “We are continuing to look for these additional BPOs (business process outsourcing) that can bring...

PH export council pushes EO on Revised Kyoto Convention

PH export council pushes EO on Revised Kyoto Convention

Feb. 29 | The Export Development Council (EDC) in the Philippines, working with the National Competitiveness Council (NCC), will push for an executive order that will finally implement the Revised Kyoto Convention (RKC). The decision was made after former Philippine...

Cebu Pacific signs lease for 4 planes

Cebu Pacific signs lease for 4 planes

Feb. 29 | Philippine-based Cebu Pacific Air (CEB) recently signed a lease agreement for four new Airbus A330-300s for use in long-haul routes starting the third quarter of 2013. The planes to be leased from CIT Aerospace will be delivered from next year until 2014. “With...
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