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Asia-to-US freight rates surge 117% on strong demand

Asia-to-US freight rates surge 117% on strong demand

Nov. 30 | On the trans-Pacific trade from Asia to North America, volumes on the US West Coast (USWC) have seen the largest growth in the third quarter, up 9.2% year-on-year In the first half of the fourth quarter, a 40-foot container from the Far East to the...

Container shortage felt in Vis-Min; Manila with “healthy stock”

Container shortage felt in Vis-Min; Manila with “healthy stock”

Nov. 29 | • Manila ports have a “healthy stock of containers” to serve exports amid a container shortage in Asia, according to the Association of International Shipping Lines • There are reports of limited supply of containers in Cebu and of special containers...

PH shipowners to enjoy waived port fees from Dec 1

PH shipowners to enjoy waived port fees from Dec 1

Nov. 28 | Starting Dec 1, the Philippine Ports Authority will waive some port fees for shipping companies/operators to help temper effects of COVID A total of P250 million will be used to subsidize the port fees P270 million will fund free COVID-19 testing...

Volatiles rates, tight capacity seen on key shipping lanes in 2021

Volatiles rates, tight capacity seen on key shipping lanes in 2021

Nov. 28 | • Shippers will in the near term face high rates, space and container shortage, congestion or delays in some ports, cancelled routes leading to cargoes stuck in transshipment ports • Philippine Multimodal Transport and Logistics Association, Inc....

Domestic trade contracts more than 60% in Q3

Domestic trade contracts more than 60% in Q3

Nov. 27 | Domestic trade plunged 61.6% in quantity and 60.1% in value in the third quarter, improving on the historic declines of 77.8% and 69.1%, respectively, in the second quarter of the year Beverages and tobacco topped the list of commodities in terms...

High airfreight rates to stay amid capacity squeeze, coming vaccine

High airfreight rates to stay amid capacity squeeze, coming vaccine

Nov. 27 | Airfreight space is improving but will remain tight until belly capacity in passenger aircraft returns to normal, according to Philippine Multimodal Transport and Logistics Association, Inc. (PMTLAI) president Marilyn Alberto As of August, aircraft...

Zuellig expanding vaccine storage capacity in Asia, including PH

Zuellig expanding vaccine storage capacity in Asia, including PH

Nov. 27 | Zuellig Pharma to beef up cold storage warehouse capacity in key regional markets, including the Philippines, over the next 12 months in anticipation of storage and distribution demands for COVID-19 vaccines In the Philippines, Zuellig will add 10...

PAL eyes court protection from creditors

PAL eyes court protection from creditors

Nov. 26 | Philippine Airlines plans to seek court protection as it grapples with mounting debt Airline has not confirmed measure but said it’s working on a comprehensive recovery and restructuring plan Flag carrier Philippine Airlines (PAL) plans to seek...

MacroAsia, Chinese partner submit final docs for Sangley airport project

MacroAsia, Chinese partner submit final docs for Sangley airport project

Nov. 26 | MacroAsia and China Communications Construction JV has submitted its consortium agreement for the multibillion Sangley Point International Airport (SPIA) Project after several deadline extensions MacroAsia earlier said the pandemic caused delays in...

ICTSI to help secure COVID-19 vaccines for DOH, logistics workers

ICTSI to help secure COVID-19 vaccines for DOH, logistics workers

Nov. 25 | International Container Terminal Services, Inc. is part of a private sector group that placed an order for over one million doses of COVID-19 vaccine, 50% for use by the group’s essential workers and 50% to be donated to the health department The...