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

• Shippers will in the near term face high rates, space and container shortage, congestion or delays in some ports, cancelled routes leading to...

Infrastructure, logistics still among PH investment priorities

Infrastructure and logistics are again among the preferred investment activities qualified for fiscal incentives under the newly signed Investment Priorities Plan (IPP) The...

Subic port reports 26% drop in container traffic in Jan-Sep

Container traffic nosedived 26% and non-containerized cargoes declined 20% year-on-year at Subic port in the first nine months of 2020 as a result...

Maersk operating profit jumps 39% in Q3

Maersk's EBITDA is up 39% in the third quarter to US$2.3 billion year-on-year despite a decline in revenue EBITDA from container shipping rose...

Manila international ports see surge in online payment

100% of Manila International Container Terminal users and 60% of Manila South Harbor users pay their port charges through online systems 40% of...

Lorenzo Shipping ends first 9 months with P113M net loss

Lorenzo Shipping incurred a lower net loss of P112.94 million in the first nine months of 2020 from P173.3 million in the same...

Largest LNG-powered box ship undertakes first bunkering

CMA CGM Jacques Saade, the largest container ship powered by liquefied natural gas (LNG), started its first bunkering operation in Rotterdam as it...

Chelsea Logistics books P2.6B loss in first three quarters

Chelsea Logistics and Infrastructure Holdings Corp. recorded a net loss of P2.60 billion in the first nine months of 2020, a reversal from...

Asia dominates maritime trade even in pandemic—UNCTAD paper

Asia continues to strengthen its position as a maritime hub amid the pandemic, bringing together more than half of global maritime trade volumes ...

Harbor Star swings to P3.7M profit in first 9 months

Harbor Star Shipping Services  reported P3.75 million in income in the first nine months, reversing a P139.75-million loss in the same period in...

ATI income down 31% in first 9 months but up 15% in Q3

Asian Terminals Inc. (ATI) recorded a 31% drop in net income for the first nine months of 2020 owing to lower container volumes ...

Global maritime trade to contract 4.1% this year—UNCTAD report

Maritime trade to plunge 4.1% in 2020 due to COVID-19 economic impact Sector could return to growth and expand by 4.8% in 2021,...

Most Read

BOC-NAIA seizes 28 kilos of rare agarwood worth P2.4M

  Bureau of Customs intercepted in Pasay City three packages containing 28 kilos of agarwood with an estimated street value of P2.4 million All...

Industry expert pushes multimodal transport in ASEAN for cost savings

Multimodal transportation offers reduced costs, saves time and improves shipment monitoring during transit Dealing with customs transit/transshipment procedures of countries a multimodal transport challenge Multimodal...

PH, Indonesia to ink Halal trade deal

The Philippines and Indonesia are set to sign a memorandum of understanding (MOU) on Halal cooperation that will facilitate trade of Halal-certified goods...

Bellyhold shortage hampers Asia’s air cargo market recovery

Regional carriers transported 13% less cargo in October year-on-year even as global business conditions continued to improve Air cargo traffic held back by...