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Archive for March, 2013

Singapore Changi Airport offers 50% rebate to cargo carriers

Singapore Changi Airport offers 50% rebate to cargo carriers

Mar. 31 | Changi Airport Group (CAG), operator of Singapore Changi Airport, will extend a 50 percent landing fee rebate from April to all scheduled freighter flights at the airport. The Changi Airport Growth Initiative is being offered amidst the “continued...

PISFA, AISL sign MOA on container deposits

PISFA, AISL sign MOA on container deposits

Mar. 31 | PISFA president Irene Manguiat-Tan (seated right) and AISL president Edgar Milla (left) recently signed a memorandum of agreement on container deposits covering detention charges and cost of repairs for container/equipment damage. With them were (L to...

SEAIR rides PH economy’s strength to launch air cargo service

SEAIR rides PH economy’s strength to launch air cargo service

Mar. 30 | Executives of SEAIR and Airtropolis GSA Pte, the airline’s marketing arm, watch the slide presentation at the launching of the airline’s cargo service at the Manila Diamond Hotel on March 20. In photo, from left, are Seah Siew Kong, managing director...

Longer Outlook

Longer Outlook

Mar. 30 | More Good News While the good news continues with the Philippine economy, another bit of good news came out recently, this time on a longer term outlook.   BusinessWorld (Jan. 23, 2013) published a news item on “Population ratios favorable for...

MOL to add 40-50 vessels, invest $1.5B a year

MOL to add 40-50 vessels, invest $1.5B a year

Mar. 30 | DASMARIÑAS, Cavite, Philippines –– Mitsui O.S.K. Lines (MOL) is increasing its fleet by about 5% or 40-50 vessels each year as it expects the market to return to normal as demand grows. “As our government grows, so do we. If our country’s gross...

Export surge helps Subic Bay cargo volume rise 47%

Export surge helps Subic Bay cargo volume rise 47%

Mar. 30 | A 47% surge in container throughput in 2012 powered by exports helped the Subic Bay Metropolitan Authority (SBMA) reverse its losses in the previous year, the operator of the freeport zone said. The freeport handled a total of 36,304 TEUs, up from 27,671...

2GO targets equal revenue mix of core business

2GO targets equal revenue mix of core business

Mar. 30 | The Philippines’ largest logistics company, 2GO Group Inc., is aiming to adjust the revenue mix of its shipping and supply chain businesses from 70% and 30%, respectively, to equal shares by 2015. 2GO president and CEO Sulficio Tagud Jr. said 2GO has...

Skies looking brighter for global airlines

Skies looking brighter for global airlines

Mar. 28 | The global airline industry is looking at a slightly improved outlook for 2013 as a result of stronger revenue inflows, now projected to reach US$671 billion this year, up by $12 billion from the December 2012 outlook, said the International Air Transport...

Indonesia kicks off Kalibaru Port construction

Indonesia kicks off Kalibaru Port construction

Mar. 27 | The construction of the first phase of the Kalibaru Port, or New Priok, officially began late this month with Indonesian President Susilo Bambang Yudhoyono leading ground-breaking ceremonies at the Nusantara Pura II passenger terminal in Tanjung Priok...

FedEx eyes Asia capacity cut as profit slides in Q3

FedEx eyes Asia capacity cut as profit slides in Q3

Mar. 25 | Tennessee-based FedEx Corp. reported a net income of US$361 million for the third quarter ended February 28, down 31 percent from $521 million year-over-year, as the logistics giant announced plans to cut capacity in the Far East trade from April. The...
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