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Archive for February, 2015

PH box volumes higher in 2014 despite congestion, truck ban

PH box volumes higher in 2014 despite congestion, truck ban

Feb. 28 | Manila International Container Terminal. Photo courtesy of operator International Container Terminal Services, Inc. Cargo volume at Philippine ports grew 5% in 2014 to 211.2 million metric tons (mmt) from 201.91 mmt in 2013, according to the Philippine...

JV to operate ICTSI’s Laguna inland container terminal

JV to operate ICTSI’s Laguna inland container terminal

Feb. 28 | International Container Terminal Services, Inc. (ICTSI) through its subsidiary, IW Cargo Handlers Inc. (ICHI), has forged a joint venture with three Japanese firms to establish the Laguna Gateway Inland Container Terminal, Inc. (LGICT) that will be running...

Senate bill opening PH ports to foreign vessels ok’d on 3rd reading

Senate bill opening PH ports to foreign vessels ok’d on 3rd reading

Feb. 28 | Davao International Container Terminal. Photo courtesy of DICT. The Senate has approved on third and final reading the bill that will allow foreign ships to dock at multiple Philippine ports if they carry cargoes intended for import or export and are...

Income, volume surge as congestion drives traffic to Subic Freeport

Income, volume surge as congestion drives traffic to Subic Freeport

Feb. 28 | Revenues from port operations at the Subic Bay Freeport in 2014 increased 45% to P909 million as volumes handled at the port reached a record high. Subic Bay Metropolitan Authority (SBMA), in a press release, said that with port congestion in Manila,...

ASEAN RORO launch to hasten regional trade, integration

ASEAN RORO launch to hasten regional trade, integration

Feb. 28 | Member states of the Association of Southeast Asian Nations (ASEAN) stand to benefit in various ways once the ASEAN Highway Network (AHN) is completed. Also dubbed the “ASEAN RORO (roll on/roll off) Initiative,” the regional project aims to form an...

P123.8B Laguna expressway and dike project attracts 4 bidders

P123.8B Laguna expressway and dike project attracts 4 bidders

Feb. 28 | Four groups have submitted qualification documents for the P123.8-billion Laguna Lakeshore Expressway and Dike Project (LLEDP), the Aquino administration’s biggest public-private partnership development. The prospective bidders are San Miguel Holdings...

Dredging at Batangas port seen to hike traffic

Dredging at Batangas port seen to hike traffic

Feb. 28 | Listed port operator Asian Terminals Inc. (ATI) has completed dredging the entrance channel to the Batangas port, providing the Southern Luzon hub a deeper turn basin of 13 meters. ATI, in a press release, said this gives shipping lines the capability...

PH, France ink land transport development pacts

PH, France ink land transport development pacts

Feb. 28 | The Philippines and France have signed agreements on three local transport development projects to be undertaken with the involvement of French companies. The signing rites were part of the agenda tackled during the two-day state visit of French President...

BOC destroys P50M worth of counterfeit footwear

BOC destroys P50M worth of counterfeit footwear

Feb. 28 | The Bureau of Customs (BOC) has destroyed over 150,000 pairs of smuggled counterfeit footwear products that bore well-known brands and had a market worth of at least P50 million. The condemned fake shoes and slippers bearing various brands including Nike,...

Malaysia’s Westports on lookout for M&A deals within ASEAN

Malaysia’s Westports on lookout for M&A deals within ASEAN

Feb. 27 | Port operator Westports Holdings of Malaysia is eyeing a merger and acquisition (M&A) deal in the Association of Southeast Asian (ASEAN) region, noting that it continues to pose a big growth potential. Chief executive officer Ruben Emir Gnanalingam...
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