Home » Archive for October, 2012

Archive for October, 2012

Vessel owners bracing for higher operating costs

Vessel owners bracing for higher operating costs

Oct. 30 | Ship owners and managers expect to face higher vessel operating costs over the next two years than they did in 2011, with lube and crew costs posting the biggest increases, according to a new survey by a shipping consultant. Respondents predominantly...

HK airfreight rebounds with 7% growth in September

HK airfreight rebounds with 7% growth in September

Oct. 29 | Cargo traffic at Hong Kong International Airport (HKIA) continued its growth streak, posting a stronger performance in September year-on-year, after recording volume expansion in August. Airfreight throughput at HKIA rose 6.8 percent to 347,000 tonnes...

PH maritime insurance industry seeks partner with more financial muscle

PH maritime insurance industry seeks partner with more financial muscle

Oct. 29 | Insurance covering pollution and wreck removal calls for an institution with big financial resources, according to Marine Underwriters Association of the Philippines chairman Carlos Yturzaeta. Philippine insurance firms are asking the Government Service...

Wanted: Visionary to steer PH maritime industry

Wanted: Visionary to steer PH maritime industry

Oct. 29 | Philippine maritime industry expert Col Leonardo Odoño says the sector needs a blueprint that will guide government planners, policy makers and private sector investors. The Philippine maritime industry needs no less than a visionary with strong political...

PH pushes new railway project

PH pushes new railway project

Oct. 29 | The proposed Luzon Integrated Railway system covers 700 kilometers from San Fernando, La Union to Legazpi Albay, home to the Mayon Volcano (above). The Philippine Department of Transportation and Communications (DOTC) is proposing a Luzon Integrated Railway...

PH’s National Single Window 2 project bidding fails

PH’s National Single Window 2 project bidding fails

Oct. 29 | The Philippine government has declared a failure in bidding for the P442-million National Single Window System Phase 2 project. The bids and awards committee (BAC) of the Department of Budget and Management (DBM) deemed ineligible two joint venture companies,...

CEB receives aircraft; PAL opens Canada service

CEB receives aircraft; PAL opens Canada service

Oct. 29 | Starting end November, PAL’s Manila to Toronto service will be offered three times weekly. Low-cost carrier Cebu Pacific (CEB) recently received its 40th aircraft while competitor flag carrier Philippine Airlines (PAL) said it will launch a Manila-Toronto...

UPS opens 3 health-care facilities in Asia-Pacific

UPS opens 3 health-care facilities in Asia-Pacific

Oct. 26 | Atlanta-based UPS said the recent opening of three new health-care distribution facilities in Asia-Pacific was part of its strategy to address trends of growing health-care consumption in the region. “Asia is our fastest-growing market for health...

FedEx Express invests in $100-M logistics hub in Shanghai

FedEx Express invests in $100-M logistics hub in Shanghai

Oct. 26 | U.S. express delivery service giant FedEx Express announced it will establish a $100-million express and cargo hub in Shanghai to expand its network throughout the Asia-Pacific region. The Tennessee-based company, a subsidiary of FedEx Corp., said on...

Transport reforms needed to sustain Myanmar’s growth—ADB

Transport reforms needed to sustain Myanmar’s growth—ADB

Oct. 26 | Myanmar’s fragmented and under-resourced transport sector needs a top-to-bottom overhaul to meet an expected boom in demand for quality roads, railways, airports and transport services in the coming years, says a new Asian Development Bank (ADB) study...