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Archive for November, 2013

MOL seeking to expand logistics services in SE Asia

MOL seeking to expand logistics services in SE Asia

Nov. 25 | With the difficulties facing the global maritime industry, Japan’s Mitsui O.S.K. Lines (MOL) plans to further expand its logistics services through greater collaboration among its subsidiaries and incursions into emerging overseas markets, especially...

Cosco, Hapag-Lloyd set GRIs on trans-Pac trades

Cosco, Hapag-Lloyd set GRIs on trans-Pac trades

Nov. 22 | Hapag-Lloyd said it is implementing a two-step general rate increase (GRI) on the Far East-U.S./Canada trades, to take effect from December 2013 and from January 2014. The German shipping line said the GRIs will include all dry, reefer, non-operative...

TSA announces two-step Asia-US freight rate hike

TSA announces two-step Asia-US freight rate hike

Nov. 21 | The Trans-Pacific Stabilization Agreement (TSA) has recommended a two-stage increase in freight rates in December and the pre-Lunar New Year period in January 2014, saying the late holiday season shipments during this time represent “pockets of particular...

Ceva to build multi-user warehouse in Malaysia

Ceva to build multi-user warehouse in Malaysia

Nov. 21 | Ceva Logistics, a global supply chain management company, is further expanding its network in Malaysia as it starts building its third warehouse in Bukit Jelutong, Shah Alam, an industrial area close to Port Klang, following a groundbreaking ceremony...

PH aviation upgrade seen by yearend

PH aviation upgrade seen by yearend

Nov. 21 | The Civil Aviation Authority of the Philippines (CAAP) is confident the United States Federal Aviation Administration (FAA) will upgrade the Philippine aviation industry’s status back to Category 1 before end of the year, CAAP deputy director general...

Tacloban port reopens to commercial vessels

Tacloban port reopens to commercial vessels

Nov. 20 | The Port of Tacloban, one of several public infrastructure damaged by super typhoon Haiyan (local name Yolanda), is now fully functioning, according to Philippine Ports Authority (PPA) general manager Juan C. Sta. Ana. PPA contracted International Container...

Non-commercial flights temporarily banned from Tacloban airport

Non-commercial flights temporarily banned from Tacloban airport

Nov. 20 | The Tacloban airport before it was struck by super typhoon Haiyan. NON-COMMERCIAL fixed-wing flights have been banned indefinitely from the heavily damaged airport of Tacloban City in Leyte, central Philippines to give priority to relief operations. The...

PH Customs’ Oct collections up 5.35% but still off target

PH Customs’ Oct collections up 5.35% but still off target

Nov. 20 | PHILIPPINE customs collections for the month of October increased 5.35% to P28.37 billion, but were still below the agency’s target for the 10th month in a row, data from the Bureau of Customs showed. The October collections were higher than the P26.93...

2GO nets P381M as higher revenue, lower costs fuel turnaround

2GO nets P381M as higher revenue, lower costs fuel turnaround

Nov. 20 | Revenue from the passage business slipped 3% to P2.113 billion in the first three quarters of 2013 from P2.16 billion in 2012. LISTED Philippine logistics firm 2GO Group Inc. generated a profit of P381.232 million in the first nine months of 2013, reversing...

Carriers combine Asia-WCNA services, launch NE Asia-Vietnam loop

Carriers combine Asia-WCNA services, launch NE Asia-Vietnam loop

Nov. 20 | Shipping lines Yang Ming (YM), United Arab Shipping Company (UASC), and China Shipping Container Lines (CSCL) are merging their two current trans-Pacific services into a tripartite joint service to adjust to the expected weak demand in winter. The PSW4...