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UNCTAD warns ports not prepared for climate change

UNCTAD warns ports not prepared for climate change

Dec. 12 | The United Nations Conference on Trade and Development (UNCTAD) says ports are not ready to cope with the projected impacts of climate change, a situation that has import on the trade and sustainable development goals of all nations. UNCTAD’s chief...

APL, CNC to consolidate intra-Asia network

APL, CNC to consolidate intra-Asia network

Dec. 12 | CMA CGM subsidiaries APL and Cheng Lie Navigation (CNC) will have their network operations merged under one management in a move to consolidate the two carriers’ intra-Asia business. APL announced December 10 its proposed acquisition of the business...

Harbor Star to deploy tug, barge for Cavite Gateway Terminal

Harbor Star to deploy tug, barge for Cavite Gateway Terminal

Dec. 10 | The 32-meter MV Crest Opal, Harbor Star Shipping’s 44th tugboat, has a 3,200-brake horse power, while Crest 2801 is a 280-foot, 6,000-deadweight tonnage barge, the company’s eighth. Photo courtesy of Harbor Star. Harbor Star Shipping Services,...

Lorenzo Shipping widens loss in first nine months to P188.9M

Lorenzo Shipping widens loss in first nine months to P188.9M

Dec. 10 | Philippine domestic carrier Lorenzo Shipping Corporation (LSC) reported a higher net loss of P188.9 million in the first nine months of 2018 compared to the P119.5 million net loss sustained in the same period in 2017. Revenues went down 19.7% to P1.337...

Maersk targets zero-carbon shipping by 2050

Maersk targets zero-carbon shipping by 2050

Dec. 7 | Integrated container logistics company A.P. Moller-Maersk has announced a goal to reach carbon neutrality by 2050, which it says can be achieved if carbon-neutral vessels become commercially viable by 2030. In a statement December 4, Maersk said it is...

Fitch Ratings: Healthy but slower growth for box shipping in 2019

Fitch Ratings: Healthy but slower growth for box shipping in 2019

Dec. 5 | Container shipping can look forward to healthy but slower volume growth in 2019 even as the overall global shipping sector’s outlook remains negative, reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings says. Higher...

SG releases technical guidance for ships ahead of IMO 2020

SG releases technical guidance for ships ahead of IMO 2020

Dec. 3 | The Maritime and Port Authority of Singapore (MPA) continues to prepare the Port of Singapore and Singapore-registered ships for the International Maritime Organization’s (IMO) 0.5% global limit for sulfur in fuel oil used on board ships, as the new...

DoTr push barging of empty containers to Subic port

DoTr push barging of empty containers to Subic port

Dec. 3 | Subic port photo courtesy of Subic Bay Metropolitan Authority The Department of Transportation (DOTr) said it will push shipping lines to return empty containers to North Port, Manila’s domestic terminal, where they can then be transported by barge...

Box volume up 4% in Sep but demand slowdown unabated

Box volume up 4% in Sep but demand slowdown unabated

Dec. 3 | In September, some 13.7 million twenty-foot equivalent units (TEUs) were shipped globally, bringing the full-year total up to 125.2 million TEUs, an improvement of 4% for both the month (year-on-year) and year-to-date. But the Baltic and International...

Fees for additional services now part of Manila North Port official tariff

Fees for additional services now part of Manila North Port official tariff

Dec. 2 | Manila North Port photo courtesy of terminal operator Manila North Harbour Port, Inc. The Philippine Ports Authority (PPA) has approved Manila North Harbour Port, Inc.’s (MNHPI) petition to include fees for additional services in North Port’s official...
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