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Archive for March, 2018

Maersk restructures functions to speed up digitization

Maersk restructures functions to speed up digitization

Mar. 31 | A.P. Moller-Maersk said it is accelerating its business transformation after a year of solid progress toward becoming the global integrator of container logistics. The areas of finance, transformation, IT and digital, which currently are organized into...

Cavite Gateway Terminal soft opening seen in Q2

Cavite Gateway Terminal soft opening seen in Q2

Mar. 29 | For Cavite Gateway Terminal’s soft opening, empty containers will be barged from Cavite Economic Zone Authority to the Manila International Container Terminal. Photo from www.ictsi.com. The Cavite Gateway Terminal (CGT), the country’s first container...

Lapeña to BOC staff: Respond to all inquiries in 5 days

Lapeña to BOC staff: Respond to all inquiries in 5 days

Mar. 29 | Philippine Customs commissioner Isidro Lapeña has reiterated to Bureau of Customs (BOC) officials the need to comply with the five-day mandatory period to respond to all official communication sent by stakeholders. In a memorandum dated March 21, 2018,...

Higher fuel expenses drag Cebu Air 2017 income by 18.9%

Higher fuel expenses drag Cebu Air 2017 income by 18.9%

Mar. 29 | Cebu Pacific and its subsidiary Cebgo have reported a net income of P7.908 billion in 2017, or 18.9% lower than the P9.754 billion earned in 2016 despite recording higher revenues last year, the dip attributed higher fuel expenses and fleet expansion...

Zim notches profit despite volatile market conditions

Zim notches profit despite volatile market conditions

Mar. 28 | Israel-based Zim Integrated Shipping Services announced a net profit of US$11 million for 2017 after registering a net loss of $163 million in 2016, attributing the turnaround to its restructuring while voicing concern over the continued overcapacity...

April 1 truckers’ planned protest vs some foreign carriers on hold

April 1 truckers’ planned protest vs some foreign carriers on hold

Mar. 28 | The Alliance of Truckers and Customs Brokers has temporarily suspended its April 1 protest plan that would have stopped its members from accepting and delivering containers of four international shipping lines. Composed of Haulers and Truckers Association...

PH trade policy undergoes  WTO review

PH trade policy undergoes WTO review

Mar. 28 | The Department of Trade and Industry (DTI) led an inter-agency delegation to represent the Philippines for its Fifth Trade Policy Review by the World Trade Organization (WTO). Trade Secretary Ramon M. Lopez, the Philippines’ chief negotiator at the...

DOTR: New Bohol Airport must be operational by August

DOTR: New Bohol Airport must be operational by August

Mar. 28 | The Department of Transportation (DOTr) has reiterated its order that the New Bohol (Panglao) International Airport, the country’s first eco-friendly airport, should be completed by June and fully operational by August this year. During an inspection...

Importers slapped with undervaluation, agri smuggling charges

Importers slapped with undervaluation, agri smuggling charges

Mar. 28 | Customs commissioner Isidro Lapeña (center) with Justice Secretary Vitaliano Aguirre II (right) at the press conference after the filing of smuggling charges against two importers. With them are the Bureau’s Action Team Against Smugglers executive...

BOC chief: culprits to answer for illegal release of alerted containers

BOC chief: culprits to answer for illegal release of alerted containers

Mar. 28 | Customs commissioner Isidro Lapeña in a recent press conference at a Bulacan warehouse where some of the illegally released containers, subject of alert orders, were found. Photo courtesy of the Bureau of Customs.  Philippine Customs Commissioner Isidro...
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