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Archive for June, 2014

Investment boom raises prospects for PH heavylift industry

Investment boom raises prospects for PH heavylift industry

Jun. 25 | The Philippine project cargo and heavylift business is riding an investment wave, thanks to the country’s political stability and the growing business confidence in the local economy. Elmer Sarmiento, chief operating officer of Royal Cargo, one of...

Damco, Yusen Logistics open warehousing facilities in Myanmar

Damco, Yusen Logistics open warehousing facilities in Myanmar

Jun. 25 | Damco CFS warehouse in Myanmar Maersk-affiliated third-party logistics provider Damco has started operating what it said is the first international-standard warehouse and container freight station (CFS) in Myanmar. The new 4,000-square-meter facility...

Port box throughput weakens in May

Port box throughput weakens in May

Jun. 25 | Global port container tonnage in May has turned out to be weaker than usual, indicative of a slowdown in world trade, according to the updated Container Throughput Index for the month of the Rheinisch-Westfälisches Institut für Wirtschaftsforschung...

Malaysia’s Northport to rebuild Wharf 8 for ULCVs

Malaysia’s Northport to rebuild Wharf 8 for ULCVs

Jun. 25 | Northport (M) Bhd, the second of the two major operators at Port Klang, Malaysia, said it is now awaiting tenders for the upgrading of its eighth berth. The improvement of Wharf 8, seen to begin by year-end, will enable it to accommodate ultra-large container...

Vietnam’s Soai Rap River dredging enters second phase

Vietnam’s Soai Rap River dredging enters second phase

Jun. 25 | Dredging of the Soai Rap River to allow large vessels to enter the Hiep Phuoc Port Complex in Ho Chi Minh City (HCMC), Vietnam, has officially entered its second phase. The June 21 inauguration of the second phase of the dredging project was led by Vietnam’s...

Subic Shuttle Service to start July 8

Subic Shuttle Service to start July 8

Jun. 24 | The Subic Shuttle Service will tentatively start on July 8, giving shippers to Northern Luzon an alternative way to ship cargoes from Manila. The service to be operated by the Philippine Transmarine Carriers will serve as a common feeder for shipping...

Batangas Port adopts Automated Export Declaration System

Batangas Port adopts Automated Export Declaration System

Jun. 24 | Locators at economic zones exporting through the Batangas Port can now lodge their export declarations using the Bureau of Customs’ (BOC) electronic-to-mobile (e2m) Automated Export Declaration System (AEDS). “Our PEZA AEDS was installed 2 weeks ago...

Customs brokers to stage work holiday in protest of June 30 accreditation deadline

Customs brokers to stage work holiday in protest of June 30 accreditation deadline

Jun. 24 | The Customs Brokers Council of the Philippines (CBCP) will be staging a holiday starting June 26 to protest the looming deadline for securing the Bureau of Internal Revenue (BIR) accreditation that brokers need to transact with the Bureau of Customs (BOC). The...

Project cargo, heavylift businesses boost Royal Cargo’s income

Project cargo, heavylift businesses boost Royal Cargo’s income

Jun. 24 | Project cargo and heavylift operations contributed the bulk of earnings i 2013. Photo from www.royalcargo.com The Royal Cargo Group of Companies achieved higher profits in 2013 and is optimistic it will exceed last year’s earnings after investing in...

TSA consolidates peak season, rate initiatives on July 1

TSA consolidates peak season, rate initiatives on July 1

Jun. 24 | Container shipping lines in the Transpacific Stabilization Agreement (TSA) have moved the effective date of a scheduled June 15, 2014 peak season surcharge (PSS) of US$400 per 40-foot container (FEU) to July 1, to coincide with the expiration of various...