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News on third and fourth-party logistics service providers

DSV Panalpina’s CFO turns 50

DSV Panalpina’s CFO turns 50

Nov. 8 | Jens H. Lund, CFO, DSV Panalpina Jens Lund joined DSV as Group CFO in 2002 – at the age of 32. In 2000, he was working for Carnegie Investment Bank and was the lead corporate finance advisor for DSV on the acquisition of DFDS Dantransport. He did such...

FedEx to expand Clark operations but keep Aspac hub in China

FedEx to expand Clark operations but keep Aspac hub in China

Nov. 7 | Photo from www.fedex.com Global logistics operator Federal Express Corp. (FedEx) said it will expand its operations to Clark in Pampanga but clarified it has no plans of transferring its Asia-Pacific hub from China to the Philippines. “FedEx is not...

MacroAsia, Konoike Transport strike acquisition, partnership deal

MacroAsia, Konoike Transport strike acquisition, partnership deal

Nov. 6 | Image by Pete Linforth from Pixabay Philippine aviation support service provider MacroAsia Corporation and Japan-based Konoike Transport Co. Ltd have agreed to buy stakes in each other’s groundhandling service companies. MacroAsia will acquire a 30%...

Study cautions against ban, regulation of foreign shipping line surcharges

Study cautions against ban, regulation of foreign shipping line surcharges

Nov. 5 | Image by Alexander Kliem from Pixabay Instead of an outright ban or regulation of surcharges imposed by international shipping lines, the Philippine government should draft rules to monitor such surcharges, according to a study commissioned by The Wallace...

LBC buys Japanese balikbayan box shipping company

LBC buys Japanese balikbayan box shipping company

Nov. 5 | Logistics and remittance service provider LBC Express Holdings, Inc. has acquired 100% of shares in Japanese balikbayan box shipping operator Mermaid Co., Ltd. for US$200,000. LBC Express purchased all the shares of Tsukasa Takahashi, Mediatrix Takahashi,...

Proposed legislation aim to modernize old harbor pilotage rules

Proposed legislation aim to modernize old harbor pilotage rules

Nov. 4 | Bills have been filed in the 18th Congress seeking to liberalize harbor pilotage and create a regulating body to supervise harbor pilots in the Philippines. Two of these bills—Senate Bill (SB) No. 916 filed by Senator Ramon Revilla, Jr. and House Bill...

Air freight forwarding volumes fell 4.2% in H1—Ti report

Air freight forwarding volumes fell 4.2% in H1—Ti report

Nov. 1 | The global air freight forwarding market contracted 4.2% year-on-year in the first half of 2019, with the market reeling from the economic slowdown and US-China trade war, according to a Transport Intelligence (Ti) report. The report also projects full-year...

BOC launches parcel, balikbayan box online monitoring system

BOC launches parcel, balikbayan box online monitoring system

Oct. 31 | At the launch of the Bureau of Customs online parcel and balikbayan box tracking system. Photo from the BOC. In time for the expected rush in holiday shipments of overseas Filipino workers (OFWs), the Bureau of Customs (BOC) officially rolled out on October...

MARINA partners with classification society for ship certification services

MARINA partners with classification society for ship certification services

Oct. 29 | The Maritime Industry Authority (MARINA) has delegated the task of statutory certification of Philippine shipping companies and Philippine-registered ships, as well as related mandatory services, to the International Register of Shipping (IRS). MARINA...

Kuehne + Nagel’s sea freight profit grows but airfreight earnings fall

Kuehne + Nagel’s sea freight profit grows but airfreight earnings fall

Oct. 26 | Swiss-based Kuehne + Nagel posted improved results in the first nine months of 2019 as its sea freight and overland units continued their momentum even as airfreight performance weakened. Group net turnover increased by 3.1% year-on-year to CHF15.8 billion...