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Latest news on transportation and cargo industry

Cebu port posts 3% hike in 2017 container volume

Cebu port posts 3% hike in 2017 container volume

Apr. 23 | Container traffic at Cebu ports grew 2.9% in 2017 to 914,520 twenty-foot equivalent units (TEUs) from 888,249 TEUs in 2016, data from Cebu Port Authority (CPA) showed. The 9.5% growth in domestic containers was more than enough to offset the 5.9% decline...

ICTSI’s Cavite barge terminal goes full blast in June

ICTSI’s Cavite barge terminal goes full blast in June

Apr. 23 | Cavite Gateway Terminal offers an alternative to moving cargo to and from the Port of Manila and the economic zones of Cavite via container barges plying the Manila Bay. Photo from ictsi.com. Cavite Gateway Terminal (CGT), the Philippines’ first container...

Cargo traffic improves for Cathay, declines for HKIA

Cargo traffic improves for Cathay, declines for HKIA

Apr. 23 | Passenger and cargo traffic both increased for the Cathay Pacific group in March 2018, while Hong Kong International Airport (HKIA) reported strong passenger numbers but leaner cargo during the same month. Combined Cathay Pacific and Cathay Dragon traffic...

Panalpina improves overall results, still makes a loss in ocean freight

Panalpina improves overall results, still makes a loss in ocean freight

Apr. 23 | Global supply chain company Panalpina reported an encouraging start into 2018 as profitability per transported unit increased in both air and ocean freight in the first quarter, leading to overall higher earnings, but saw ocean freight mark a bigger loss...

CMA CGM to carve bigger logistics presence by buying a stake in Ceva

CMA CGM to carve bigger logistics presence by buying a stake in Ceva

Apr. 20 | French shipping giant CMA CGM announced it has reached an agreement to acquire an equity stake of nearly 25% in logistic company Ceva Logistics AG. CMA CGM said in a statement on April 20 that it has committed to subscribe for mandatory convertible securities...

GOCCs’ regulatory, commercial functions may finally be split

GOCCs’ regulatory, commercial functions may finally be split

Apr. 18 | The Philippine Ports Authority’s regulatory and commercial functions may soon be separated to avoid conflict of interest. Photo of Manila North Harbor courtesy of operator Manila North Harbour Port, Inc. The Philippine government will review functions...

Soekarno-Hatta airport targets capacity increase to 100M pax in 2025

Soekarno-Hatta airport targets capacity increase to 100M pax in 2025

Apr. 18 | Indonesia’s Minister for Transportation Budi Karya Sumadi issued on April 15 a target for Jakarta Soekarno-Hatta International Airport to increase handling capacity from the current 63 million passengers annually to 100 million yearly by 2025. The IDR2.6...

BOC extends suspension of rules on balikbayan box imports

BOC extends suspension of rules on balikbayan box imports

Apr. 16 | The Philippine Bureau of Customs (BOC) has extended the suspension of its 2016 guidelines implementing duty- and tax-free importation of consolidated balikbayan boxes until revised guidelines are issued. In a memorandum dated March 16 and signed March...

Shipping lauds new IMO emissions strategy but sees challenges

Shipping lauds new IMO emissions strategy but sees challenges

Apr. 16 | The shipping industry has welcomed the adoption by the International Maritime Organization (IMO) on April 13 of an initial strategy to further reduce greenhouse gas (GHG) emissions from ships, but expects challenges and hard work ahead if the IMO ambitions...

IMO members agree to cut by 50% greenhouse gas emissions from ships by 2050

IMO members agree to cut by 50% greenhouse gas emissions from ships by 2050

Apr. 14 | More than 100 member states of the International Maritime Organization (IMO) adopted during the 72nd session of the IMO’s Marine Environment Protection Committee (MEPC) in London an initial strategy to reduce greenhouse gas (GHG) emissions from ships. The...
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