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Archive for June, 2014

Cargo airline gets $322-M aid from Air China, Cathay Pacific

Cargo airline gets $322-M aid from Air China, Cathay Pacific

Jun. 30 | Air China Cargo, a joint venture between Air China and Cathay Pacific Airways, will receive CNY2 billion (US$322 million) in capital assistance from the two partners to upgrade its fleet, reduce its operating costs, and improve its performance. The financial...

Indonesia takes hard-line stance to ease Tanjung Priok port congestion

Indonesia takes hard-line stance to ease Tanjung Priok port congestion

Jun. 30 | The Indonesian government announced it will impose stringent measures and harsh penalties to hasten cargo flow at Tanjung Priok, the country’s main shipping gateway that is getting flak for congestion and long dwell times. Chief Economics Minister Chairul...

Asia-ECNA eastbound trade buoyant going into Q3, says Drewry

Asia-ECNA eastbound trade buoyant going into Q3, says Drewry

Jun. 30 | Cargo from Asia to the East Coast of North America continued to grow impressively in April and May, but freight from ECNA ports back to Asia contracted as intra-Asia trading went up, according to the latest statistics from Drewry Maritime Research. On...

Importer, broker accreditation extended

Importer, broker accreditation extended

Jun. 27 | Long queue of importers and customs brokers trying to beat the accreditation deadline at the Bureau of Internal Revenue. Photo courtesy of the Philippine Exporters Confederation. The Department of Finance (DOF) has extended the accreditation period for...

HKIA posted record HK$6.5-B profit in fiscal 2013/2014

HKIA posted record HK$6.5-B profit in fiscal 2013/2014

Jun. 27 | AA CEO Stanley Hui Hon-chung (left) and Executive Director, Finance, William Lo Chi-chung (right), announce the results of fiscal 2013/2014. Airport Authority Hong Kong (AA), the HK SAR Government-run developer and operator of Hong Kong International...

CMA CGM adds 9,400-TEU newbuild to Asia service, Hapag-Lloyd sets transpac GRIs

CMA CGM adds 9,400-TEU newbuild to Asia service, Hapag-Lloyd sets transpac GRIs

Jun. 27 | French ocean carrier CMA CGM announced that its new 9,400-TEU CMA CGM Danube will set forth on its maiden voyage on June 30 from China. The ship is the first of a series of 28 ships with capacities of 9,400 TEUs to 10,900 TEUs to be delivered from now...

Global trade growth raises cargo volumes for Asia airlines, Changi Airport

Global trade growth raises cargo volumes for Asia airlines, Changi Airport

Jun. 26 | International air cargo demand for Asia-Pacific airlines was healthy in May, as indicated by a 4.7 percent increase in volume growth year-over-year, according to the latest traffic figures released by the Association of Asia Pacific Airlines (AAPA). Last...

LTFRB opens satellite office to  expedite franchise applications

LTFRB opens satellite office to expedite franchise applications

Jun. 26 | The Land Transportation Franchising and Regulatory Board (LTFRB) will open a temporary satellite office in Parañaque City starting June 26 to accommodate franchise applications for freight trucks. The decision came about after the Philippine International...

Mindanao Container Terminal expansion, upgrade to principal port under study

Mindanao Container Terminal expansion, upgrade to principal port under study

Jun. 25 | During one of the Mindanao Shipping Conference 2014 panel discussions, L to R: Bureau of Customs Deputy Commissioner for Assessment and Operations Coordinating Group Atty Agaton Uvero, PIE-MO Industries Association president Augustus Adis and Mindanao...

CFS operators to charge extra for delivering empties to depots outside MM

CFS operators to charge extra for delivering empties to depots outside MM

Jun. 25 | The Association of Off-Dock CFS Operators of the Philippines (ACOP) will be charging its clients additional trucking costs to be incurred for transferring empty containers to Batangas, Bulacan, and Cavite, as container yards in Metro Manila are now full. In...
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