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Archive for October, 2012

Hapag-Lloyd adds vessel to Asia-Mexico service

Hapag-Lloyd adds vessel to Asia-Mexico service

Oct. 31 | Hapag-Lloyd announced the addition of a seventh vessel to the Asia-Mexico Express Service Loop 1 (AME1) schedule. “The additional vessel will be helping us to improve the schedule performance of the service and will also help us increase the service...

Asia-US lines to hike dry, reefer cargo rates

Asia-US lines to hike dry, reefer cargo rates

Oct. 31 | To establish a more compensatory rate baseline for contracts that will be in effect through mid-2014, member carriers in the Transpacific Stabilization Agreement (TSA) are recommending a dry cargo general rate increase (GRI) of US$400 per 40-foot container...

Proposed PH Maritime Code faces refiling in next Congress

Proposed PH Maritime Code faces refiling in next Congress

Oct. 31 | The proposed Maritime Code of the Philippines will likely miss congressional approval, a victim of low priority in a Congress more pre-occupied with the mid-term elections in May 2013. According to lawyer Jay Batongbacal, a member of the core group/technical...

PH customs, internal revenue agencies post collection surplus in Subic

PH customs, internal revenue agencies post collection surplus in Subic

Oct. 31 | The Philippine Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) reported a surplus in collection at the Subic Bay Freeport Zone in September. The Subic Bay Metropolitan Authority said the two agencies posted a combined surplus of P95.34 million...

PHILEXPORT celebrates 20 years

PHILEXPORT celebrates 20 years

Oct. 31 | Twenty years ago this month, leaders of two distinct and independent organizations of exporters came together and decided to unify into one umbrella organization. It was a bold move by mostly small exporters to pursue a common dream, that of moving as...

IT Project Implementations – Last Quarter 2012

IT Project Implementations – Last Quarter 2012

Oct. 31 | Following the failed bidding for the P440-million National Single Window (NSW) Phase 2 project, I thought it might be worthwhile checking if there were other IT projects in the Bureau of Customs and Philippine Ports Authority, considering we only have...

Central Asia ministers agree on $23-B regional linkage plan

Central Asia ministers agree on $23-B regional linkage plan

Oct. 31 | Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) Program nations agreed to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, to create seamless connectivity...

TNT Express income slides 12% in Q3

TNT Express income slides 12% in Q3

Oct. 31 | TNT Express released third quarter results for the year showing revenue of EUR1.81 billion (US$2.35 billion), up 2.1 percent from the same period last year, but down 1.9 percent to EUR1.74 billion after adjusting results to constant exchange rates. The...

Zim adjusts Asia-South America service for winter

Zim adjusts Asia-South America service for winter

Oct. 31 | Zim Integrated Shipping announced changes to its Asia-South America service from November as part of its winter program. The Israel-based box ship said that during the winter season, its Asia-South America East Coast (ASE) service, a joint venture with...

Agility opens warehouse in Hong Kong

Agility opens warehouse in Hong Kong

Oct. 30 | Logistics service provider Agility has opened a 13,000-square-meter warehouse in Hong Kong to cater to the electronics and retail sectors of Greater China. The facility is located in the Yuen Long District, close to the border with mainland China. It...
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