Indonesia’s Pelindo II subsidiaries set for IPO

Aug. 31 | PT Pelabuhan Indonesia II (Pelindo II), a state-owned port operator in Indonesia, is planning to put some of its top-performing subsidiaries on initial public offering (IPO) ahead of expansion plans for its ports. Of the five subsidiaries slated to go...

OOCL to hike SEA-Australia, Europe-Asia service rates

Aug. 31 | Orient Overseas Container Line (OOCL) will bolster freight rates for its Southeast Asia-Australia services as well as its Europe-Asia operations from October. Noting that ocean freight rates “continue to be below the required level to cover basic operating...

Hapag-Lloyd revises Asia-NorthAm BFF, hikes Far East rates

Aug. 30 | Germany’s Hapag-Lloyd will be revising the bunker fuel factor (BFF) for all dry, reefer, flat-rack, and open-top containers from Asia, including the Indian Sub-continent, to all United States and Canada destinations. To take effect from October 1, 2013,...

Subic container throughput eases in Jan-Aug

Aug. 28 | CONTAINER throughput that passed through terminals operated by Subic Bay International Terminal Corp. (SBITC), three hours north of the Philippine capital Manila, dropped 2.9% to 21,231.25 twenty-foot equivalent units (TEU) from January to mid-August...

PH port operators, users urge gov’t to address litany of woes

Aug. 28 | Pac-Atlantic Holdings CEO Ramon de Leon. Photo by Roumina Pablo. PHILIPPINE shippers and port operators have outlined problems that hamper port efficiency especially in Manila, even as they lauded the Aquino government’s initiatives to address industry...

AirAsia’s Fernandes sees ‘long-term story’ in PH unit

Aug. 28 | AIRASIA Group’s CEO Tony Fernandes sees the low-cost carrier company’s Philippine associate as a “long-term story” after the unit’s revenue more than tripled year on year and its net loss narrowed during the second quarter. Fernandes made the...

MCC eyes PH as transshipment hub

Aug. 28 | MCC Transport COO Clive van Onselen INTRA-ASIAN carrier MCC Transport is looking at the Philippines as a transshipment hub, but says the government needs to improve key aspects of doing business at local ports, a company executive said. MCC Transport...

PH manufacturing potential could draw in shipping lines, says expert

Aug. 28 | Alan Murphy of SeaIntel Maritime Analysis THE Philippines could be a new low-cost source of shipping volumes if its manufacturing sector picks up, according to a container shipping industry expert. “There is economic potential for the Philippines to...

ADB urges PH to focus on manufacturing

Aug. 28 | MANUFACTURING remains critical for Asian countries like the Philippines to prosper and avoid the middle-income trap, the Asian Development Bank said in a recent report. The report, part of a special chapter of Key Indicators for Asia and the Pacific 2013,...

Twin airports concept best for PH aviation: joint chambers of commerce

Aug. 28 | THE Joint Foreign Chambers of Commerce of the Philippines has thrown its support behind calls to create a “twin airports” system consisting of Clark Airport in Pampanga, two hours north of the Philippine capital Manila, and the Ninoy Aquino International...