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Archive for May, 2015

P144M PNR railway upgrade now open for bidding

P144M PNR railway upgrade now open for bidding

May. 27 | The Department of Transportation and Communications (DOTC) is seeking bidders to the P144.378- million rail track improvement project it will undertake to help the Philippine National Railways (PNR) enhance its services. The project, part of DOTC’s...

TRO issued against CAAP suspension of Skyjet flights

TRO issued against CAAP suspension of Skyjet flights

May. 27 | Photo from www.skyjetair.com/about-us/our-fleet/ A lower court has issued a temporary restraining order against the indefinite suspension of leisure airline Magnum Air Inc. (Skyjet) by the Civil Aviation Authority of the Philippines (CAAP). Pasay Regional...

Over 120 new freighters needed each year, forecast says

Over 120 new freighters needed each year, forecast says

May. 27 | The outlook for the airfreight sector is healthy as demand for freighter aircraft continues to trend higher, says a forecast issued recently by global aviation consultancy Air Cargo Management Group (ACMG). According to ACMG’s “Freighter Forecast...

Indonesia inaugurates Lamong Bay Terminal

Indonesia inaugurates Lamong Bay Terminal

May. 27 | The government of Indonesia has inaugurated the Lamong Bay Terminal in Surabaya, East Java as part of an aggressive drive to improve the national logistics system and make the archipelago a “global maritime axis.” Indonesian President Joko Widodo...

OECD economies’ growth sputters in first quarter

OECD economies’ growth sputters in first quarter

May. 27 | Growth of real gross domestic product (GDP) in the Organization for Economic Cooperation and Development (OECD) slowed to 0.3% in the first quarter of 2015, down from 0.5% in the fourth quarter of 2014, according to provisional estimates. In a new release,...

Singapore economy forecast to grow a modest 2%-4%

Singapore economy forecast to grow a modest 2%-4%

May. 26 | Singapore’s Ministry of Trade and Industry (MTI) reiterated that the city state is keeping to its GDP growth forecast for 2015. In an official release on May 26, MTI said it expects the Singaporean economy to grow “at a modest pace of 2 per cent to...

New operations centers, terminal operating systems seen to boost efficiencies at Manila North Harbor

New operations centers, terminal operating systems seen to boost efficiencies at Manila North Harbor

May. 25 |   Manila North Harbour Port, Inc has spent P8 billion for the various infrastructure, equipment and information technology modernization initiatives at North Harbor. Photos courtesy of MNHPI. The development of Manila North Harbor is in full swing...

2015 a ‘challenging year’ for PH trucking

2015 a ‘challenging year’ for PH trucking

May. 25 | Despite easing of congestion at Manila ports, truckers still see 2015 as another challenging year due to existing and pending government policies. Three trucking groups—Confederation of Truckers Association of the Philippines (CTAP), Integrated North...

Cards stacked against attempts at freight rate hikes, says report

Cards stacked against attempts at freight rate hikes, says report

May. 25 | Shipping lines face a big struggle against strong headwinds ahead as their efforts to raise freight rates will continue to be rebuffed, according to research company Clarksons in a new report. It said the woes of ocean carriers don’t appear to be diminishing...

Zim rebounds from loss by running a tighter ship

Zim rebounds from loss by running a tighter ship

May. 25 | Israeli shipping line Zim Integrated Shipping Services returned to profit in the first quarter of 2015 despite decreases in revenue and volume, attributing the positive performance to an effective business strategy it has put in place. Net profit in non-GAAP...