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ECSA: Indonesia’s new ‘protectionist rules’ on shipping worrying

ECSA: Indonesia’s new ‘protectionist rules’ on shipping worrying

Feb. 21 | The European Community Shipowners’ Associations (ECSA) is opposing a decree Indonesia adopted recently that mandates that certain commodities can only be transported for import or export by national maritime transport companies. ECSA in a position paper...

Maersk to compete with UPS, FedEx as an integrated container business

Maersk to compete with UPS, FedEx as an integrated container business

Feb. 21 | Danish conglomerate A.P. Moller-Maersk is looking to transform its operations into an integrated global transport and logistics group, competing directly with package delivery companies United Parcel Service (UPS) and Federal Express (FedEx). Maersk group...

68% of shipping execs worry about lack of uniform rules on green tech adoption

68% of shipping execs worry about lack of uniform rules on green tech adoption

Feb. 19 | Global shipping executives are interested in green technologies but are afraid the lack of standard regulations could lead to inconsistencies among various jurisdictions, according to a new report by the Institute of Marine Engineering, Science &...

PPA to begin P2B Davao-Sasa port upgrade in first semester

PPA to begin P2B Davao-Sasa port upgrade in first semester

Feb. 18 | The Philippine Ports Authority (PPA) plans to start the initial rehabilitation of Davao-Sasa port in the first half of 2018, eyeing an estimated budget of P2 billion for the project. PPA general manager Atty. Jay Daniel Santiago recently told media the...

Report cautious on growth of box shipping rates in 2018

Report cautious on growth of box shipping rates in 2018

Feb. 14 | The global container shipping industry will see demand outstrip supply in 2018 for the first time in years, but with container liners’ unpredictable supply discipline, the segment is forecast to see flat to slightly negative growth in freight rates,...

ICTSI’s Iraq port investment now on its second phase

ICTSI’s Iraq port investment now on its second phase

Feb. 12 | The second phase expansion at Basra Gateway Terminal (BGT) at the Port of Umm Qasr will be completed in stages by third quarter 2019. It will deliver 400 meters of new quay with a draft of 14 meters, alongside a new 30-hectare yard area and a 15-hectare...

Subic is next cruise ship playground in Asia

Subic is next cruise ship playground in Asia

Feb. 12 | Well-wishers welcome the arrival of M/V Costa Atlantica, a 85,619-ton Spirit-class cruise ship with around 2,000 passenger tourists, mostly Chinese nationals, at the Alava pier of Subic Bay Freeport on Feb. 10. Costa Atlantica is a 292.56-meter Spirit-class...

Maersk posted $356M profit in 2017

Maersk posted $356M profit in 2017

Feb. 12 | A.P. Moller-Maersk did not hit its earnings target for 2017 but said it improved both revenue and profit, the growth primarily driven by its container business Maersk Line. The Danish logistics and transport giant said underlying profit last year was...

Taiwan subsidy for lower sulfur marine fuels insufficient—ship owners

Taiwan subsidy for lower sulfur marine fuels insufficient—ship owners

Feb. 10 | Ship owners have expressed concern over an increase in fuel costs for vessels calling at Taiwan’s ports from 2019—when the state moves to 0.5% sulfur fuel oil from 3.5%—noting that the subsidies to encourage the switch prior to the deadline are...

Higher impex, transshipment volumes propel Subic box traffic

Higher impex, transshipment volumes propel Subic box traffic

Feb. 9 | Subic photo handled 12% more container traffic in 2017. Photo courtesy of the Subic Bay Metropolitan Authority. Container traffic at Subic Port grew 12% in 2017 to 139,980 twenty-foot equivalent units (TEUs) from 124,707 TEUs in 2016, according to the...
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