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Chelsea Logistics curbs net loss by 37% in first quarter

Chelsea Logistics reported a net loss of P218 million in the first quarter of 2021, a 37% decline from the P345 million net...

TransPac container premium surcharges accelerate amid space shortage

Premium service surcharges have brought all-in rates above US$10,000 per FEU for prompt shipments from North Asia to the US East Coast Spot...

Hapag-Lloyd reports $1.45B profit in first quarter

Net income improved to US$1.45 billion in the first quarter from $27 million in the same period last year EBITDA rose to...

ATI posts 19.1% jump in Q1 income

Asian Terminals reported a 19.1% increase in income and 5.5% growth in revenues for the first quarter of the year Cargo handled by...

Reefer freight prices escalate but still no match to dry freight rates

Weighted average of reefer freight rates jumped 26% in the first quarter on a seasonal uptick in cargo demand and rising bunker surcharges ...

2GO launches largest, most advanced RoPax vessel

Newly launched MV 2GO Maligaya is currently the most technologically advanced RoPax vessel in the Philippines The RoPax newbuild is the biggest in...

Freight rates hit new high in April on delayed Suez crisis impact

Suez blockage-related congestion, delays and equipment shortages drove a 5% increase in the Freightos Baltic Global Container Index to a new high of...

Domestic carrier to digitalize fleet management

 Philippine Span Asia Carrier Corp. (PSACC) will implement Sertica fleet management software for the digital management of 19 vessels The carrier aims to...

ATI seeks 15.23% hike in Batangas Port cargo-handling fees

Port operator Asian Terminals Inc. and its unit, ATI Batangas Inc., are proposing a 15.23% increase in cargo-handling tariff and other cargo-handling related...

ICTSI net income up 49% in Q1

ICTSI’s net income in the first quarter of 2021 grew 49% year-on-year Volume, revenue and earnings rose across three regions: Asia, the Americas,...