Home » Archive for August, 2013

Archive for August, 2013

Carriers’ fuel savings not a long-term solution—report

Carriers’ fuel savings not a long-term solution—report

Aug. 26 | Ocean carriers have benefited much from reducing fuel costs, but this strategy will not keep them in business for the long term, says Drewry Maritime Research. Shipping lines have been hyping in their financial reports for the first half of 2013 how much...

Evergreen names first 8,508-TEU newbuild

Evergreen names first 8,508-TEU newbuild

Aug. 26 | Taiwan’s Evergreen Line last week christened the first of its newly built L-type vessel with a capacity of 8,508 TEUs (20-foot-equivalent units) in a naming ceremony held at the CSBC Corp. shipyard in Greater Kaohsiung, Taiwan. The ship, christened...

Damco laying groundwork for Myanmar operations

Damco laying groundwork for Myanmar operations

Aug. 23 | After receiving a permanent license in July this year to operate under its own legal entity in Myanmar, Damco is now assisting its clients in opening up supply chains in the country. This comes after the global logistics company has taken initial steps...

Indonesia to implement ATA System next year

Indonesia to implement ATA System next year

Aug. 23 | Indonesia recently held a two-day workshop on ATA system operation. Indonesian Customs is preparing to implement the ATA Carnet System as part of the country’s move toward globalization. Indonesia aims to announce its ratification of the convention...

Ceva expands network in Singapore

Ceva expands network in Singapore

Aug. 23 | Global supply chain service provider Ceva Logistics has started operations for its new logistics center in Singapore. The 42,000-square-meter state-of-the art warehouse facility is located at Tampines LogisPark in the eastern part of the island for easy...

Floods halt flights, hamper supply chain activities in PH; Business as usual at Manila’s ports

Floods halt flights, hamper supply chain activities in PH; Business as usual at Manila’s ports

Aug. 21 | A portion of Roxas Boulevard in downtown Manila, taken Aug 21 during a lull in the rains. In the background (top right) is the Manila International Container Terminal. OPERATIONS at Manila’s seaports continued Tuesday despite heavy monsoon rains enhanced...

Singapore reveals far-reaching plans for airport, seaport

Singapore reveals far-reaching plans for airport, seaport

Aug. 21 | Singapore’s Prime Minister Lee Hsien Loong has announced long-term infrastructure plans to raise the capacity at Changi Airport with a third runway as well as relocate its seaport to make way for a new waterfront city. Prime Minister Lee in his recent...

Zest Air suspension lifted

Zest Air suspension lifted

Aug. 21 | LOW-COST carrier Zest Air’s suspension by the Civil Aviation Authority of the Philippines (CAAP) has been lifted on Tuesday. The civil aviation regulator lifted the suspension of Zest Air’s air operator certificate (AOC) following the airline’s...

Lorenzo’s profit hit by cargo squeeze, rate war

Lorenzo’s profit hit by cargo squeeze, rate war

Aug. 21 | LISTED Philippine container carrier Lorenzo Shipping Corp. said revenue for the first half of the year fell 5.5% to P862.75 million from P912.89 million year-on-year as cargo volume contracted due to such factors as changes in client’s logistical and...

P29.8B earmarked for PH transport system modernization

P29.8B earmarked for PH transport system modernization

Aug. 21 | Ninoy Aquino International Airport, the Philippines’ key international gateway ALMOST P30 billion of the Philippine Department of Transportation and Communications (DOTC)’s P48.7-billion funding next year will be allotted for the continued modernization...