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Archive for August, 2019

Maersk reports strong gains in Q2, reaffirms 2019 forecast

Maersk reports strong gains in Q2, reaffirms 2019 forecast

Aug. 17 | Danish shipping and logistics group A.P. Moller-Maersk said it made “solid progress” in the second quarter by delivering profit above expectations, and reaffirmed its guidance for the whole year. Maersk, the world’s largest container shipping company,...

BOC issues rules on lodgement of consumption goods declaration

BOC issues rules on lodgement of consumption goods declaration

Aug. 17 | Image by rawpixel from Pixabay The Bureau of Customs (BOC) has unveiled uniform guidelines for the lodging and processing of consumption goods declaration at all ports. Customs Memorandum Order (CMO) 39-2019, signed August 7 and effective immediately,...

Lorenzo Shipping widens net loss to P173M

Lorenzo Shipping widens net loss to P173M

Aug. 17 | Lorenzo Shipping Corp owns and operates five vessels deployed to key ports in Manila, Visayas and Mindanao. Photo from Lorenzo Shipping Facebook page. Lorenzo Shipping Corporation (LSC) reported a wider net loss of P173.516 million in the first half of...

Harbor Star reports modest increase in first-semester income

Harbor Star reports modest increase in first-semester income

Aug. 17 | Harbor Star Shipping Services assists more than 5,500 vessels per year throughout the Philippines. Photo from harborstar.com.ph Harbor Star Shipping Services, Inc. (HSSSI) reported a service income of P678.3 million for the first half of 2019, a 4% increase...

LBC Express net income in H1 down 54%

LBC Express net income in H1 down 54%

Aug. 17 | LBC Express Holdings, Corp. reported a net income of P548.95 million in the first half of 2019, a 54% drop from the P1.196 billion earned in the same period last year. In a regulatory disclosure, LBC said the lower income was due to net loss from one...

AyalaLand Logistics income up 394% in first semester

AyalaLand Logistics income up 394% in first semester

Aug. 17 | A standard facilities building in Biñan City, Laguna launched in 2018 by Laguna Technopark Inc. (LTI), a partnership between Prime Orion Philippines, Inc. and Mitsubishi Corp. Prime Orion in 2019 has been renamed AyalaLand Logistics Holdings Corp. Photo...

What’s In A Name?

What’s In A Name?

Aug. 17 | A few weeks back we attended an event by the Department of Trade and Industry, unveiling consultations towards the establishment of a new e-commerce roadmap. Many stakeholders were in attendance, from retailers, marketplaces, financial institutions and...

Stepping Up Your Service Delivery Capabilities

Stepping Up Your Service Delivery Capabilities

Aug. 17 | Amit Maheshwari, Softlink Global CEO Imagine a logistics company where every aspect of the business can be accurately and cost-effectively managed every step of the way with impeccable delivery timelines. Sounds too good to be true? That is the way of...

DOTr, BCDA turn over operations of Clark airport to LIPAD

DOTr, BCDA turn over operations of Clark airport to LIPAD

Aug. 17 | CLARK, PAMPANGA – The operation and maintenance of Clark International Airport (CRK) was formally turned over to Luzon International Premiere Airport Development (LIPAD) Corp on August 16, 2019. Department of Transportation (DOTr) Secretary Arthur Tugade...

Cebu Pacific’s first dedicated freighter starts service on Sept 4

Cebu Pacific’s first dedicated freighter starts service on Sept 4

Aug. 16 | At the inauguration of Cebu Pacific’s first dedicated freighter, from left: Civil Aviation Authority of the Philippines (CAAP) Director General Capt. Jim Sydiongco; CAAP Deputy Director General for Operations Capt. Don Mendoza; Civil Aeronautics Board...