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Archive for October, 2014

BOC issues policy on surcharges for misclassified, undervalued goods

BOC issues policy on surcharges for misclassified, undervalued goods

Oct. 31 | The Philippine Bureau of Customs (BOC) has amended some guidelines in the imposition of surcharges for misclassification, undervaluation or misdeclaration of customs duties under the Tariff and Customs Code of the Philippines (TCCP). Customs Administrative...

MOL still in the red while Hanjin climbs up to black

MOL still in the red while Hanjin climbs up to black

Oct. 31 | Japanese container liner Mitsui O.S.K. Lines (MOL) said its container ship segment experienced a loss in the first six months of its current fiscal year (FY) ended September 30, 2014 as a result of adverse business conditions. In a consolidated financial...

Mindanao Container Terminal volume, ship calls fall in first 9 months

Mindanao Container Terminal volume, ship calls fall in first 9 months

Oct. 31 | Container traffic at the Mindanao Container Terminal (MCT) declined in the first nine months of 2014, sliding 9.4% to 150,530 twenty-foot-equivalent units from 166,159.75 TEUs registered in the same period last year. Ship calls also decreased 7.96% to...

Cebu airport cargo traffic down 10%

Cebu airport cargo traffic down 10%

Oct. 31 | Cargo volume handled at the Mactan-Cebu International Airport (MCIA) in the first eight months declined 9.5% to 35.728 million kilograms from 39.481 million kg in the same period last year. Of the total, domestic cargoes accounted for 71.5%, or 25.561...

Subic prepares for spike in ship calls as more foreign liners eye direct connections

Subic prepares for spike in ship calls as more foreign liners eye direct connections

Oct. 31 | The 1,800-TEU MV Sicilia docked on its maiden voyage at the New Container Terminal in Subic Bay Freeport on Oct 17 to unload cargo from Xiamen. It unloaded 22 containers laden with products from the Chinese cities of Guangxi, Sichuan and Shanghai, consigned...

Drilon pushes early passage of customs modernization act

Drilon pushes early passage of customs modernization act

Oct. 31 | Senate President Franklin Drilon called for the immediate passage of the Customs Modernization and Tariff Act (CMTA), saying it will simplify customs procedures and improve operational efficiency at the Bureau of Customs (BOC). The coming holidays will...

PPA reshuffles port managers

PPA reshuffles port managers

Oct. 31 | The Philippine Ports Authority (PPA) has reshuffled some of its port managers as part of a rationalization plan that takes effect November 4. Under PPA Special Order No. 725-2014 dated October 21, seven of the 25 port managers have been retained in their...

12 bidders to vie for LRT Line 2 project

12 bidders to vie for LRT Line 2 project

Oct. 31 | A dozen companies revealed their keen interest to bid for the Light Rail Transit Line 2 operations and maintenance (O&M) project when they showed up for the pre-qualification conference last week. These companies are Miescorrail, Hyundai Rotem Company,...

BOC seizes motorbikes, chemicals

BOC seizes motorbikes, chemicals

Oct. 31 | The Bureau of Customs (BOC) seized P8 million worth of motorcycles, chemicals, and plumbing supplies due to false import data. The confiscated 48 brand-new Yamaha YZR R15 150cc motorcycles, consigned to Motozentrum Philippines, Inc., arrived in the country...

Hapag-Lloyd updates low sulfur fuel charges for Asia-North America trades

Hapag-Lloyd updates low sulfur fuel charges for Asia-North America trades

Oct. 31 | Hamburg-based container ocean carrier Hapag-Lloyd announced it will revise its low sulfur fuel (LSF) charge in response to a change in global maritime pollution (Marpol) rules that lower the cap on sulfur oxide emissions to 0.1 percent. The revised rules...
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