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Archive for January, 2015

BOC now accepting photocopy of certificate of origin for South Korea goods

BOC now accepting photocopy of certificate of origin for South Korea goods

Jan. 27 | The Bureau of Customs (BOC) is now allowing the use of photocopies of Form AK (Combined Declaration and Certificate) Certificate of Origin (C/O) for goods originating from South Korea shipped via air as prescribed under the Association of Southeast Asian...

Cebu Pacific fleet expands with delivery of new Airbus

Cebu Pacific fleet expands with delivery of new Airbus

Jan. 27 | Budget airline Cebu Pacific Air has received its 30th brand-new Airbus A320 aircraft, which arrived January 25 at the Ninoy Aquino International Airport (NAIA). With this delivery, Cebu Pacific now operates a fleet of 53 aircraft comprised of 30 Airbus...

PAL pushes back schedule of Airbus deliveries

PAL pushes back schedule of Airbus deliveries

Jan. 27 | Photo from PAL Facebook page Flag carrier Philippine Airlines will reduce the number of aircraft deliveries from Airbus this year and defer the delivery of the remaining orders in 2020 to 2024. PAL president Jaime Bautista said the airline is working...

Vibrant Asia-US volumes even with West Coast congestion

Vibrant Asia-US volumes even with West Coast congestion

Jan. 27 | Despite the months-long congestion at U.S. West Coast ports, the terminals saw a great 2014 with volumes up amid the ongoing recovery of the American economy. But U.S. stakeholders are worried that the impasse could worsen and create a trade backlash...

HK’s Hactl makes strong Q4 impression

HK’s Hactl makes strong Q4 impression

Jan. 27 | Hong Kong Air Cargo Terminals Limited (Hactl), Hong Kong’s major independent cargo handler, ended 2014 with the strongest quarter of the year in overall tonnage and in export volumes. In an official statement, Hactl said it handled 491,476 tonnes in...

UPS braced for lower earnings

UPS braced for lower earnings

Jan. 27 | Atlanta-based United Parcel Service (UPS) anticipates company earnings last year to fall short of target as it encountered higher peak operating costs, and projects 2015 profit to be slightly below its long-term outlook. In an official statement, the...

Has age of new mega alliances limited shippers’ options?

Has age of new mega alliances limited shippers’ options?

Jan. 27 | The new carrier mega-alliances started in the main East-West container trades this month, but fears that the increased cooperation among the big liners will dilute competition and reduce options for shippers seem unfounded, according to the latest analysis...

ICTSI’s Laguna inland container depot to open by Feb

ICTSI’s Laguna inland container depot to open by Feb

Jan. 25 | Manila International Container Terminal’s Berth 7. Photo courtesy of International Container Terminal Services, Inc. The first phase of the Laguna inland container depot (ICD) of International Container Terminal Services, Inc. (ICTSI) will begin...

Manila ports’ utilization remains high

Manila ports’ utilization remains high

Jan. 25 | Manila South Harbor operated by Asian Terminals Inc. Photo courtesy of ATI. Yard utilization at Manila’s two international container terminals remains high after the five-day holiday during the Papal visit, according to the Philippine Ports Authority...

BOC issues accreditation rules for PEZA companies

BOC issues accreditation rules for PEZA companies

Jan. 25 | The Bureau of Customs (BOC) has released regulations on accrediting Philippine Economic Zone Authority (PEZA) locators. The new guidelines, embodied in Customs Memorandum Order (CMO) No. 03-2015, effectively exempt PEZA locators from having to secure...