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Cebu ports log 4.3% hike in 2018 container throughput

Cebu ports log 4.3% hike in 2018 container throughput

Jun. 5 | Container traffic at Cebu ports in 2018 grew 4.3% to 953,739 twenty-foot equivalent units (TEUs) from 914,520 TEUs handled in 2017, data from the Cebu Port Authority (CPA) showed. Of the total, 60% were domestic containers at 567,814 TEUs, 3.4% higher...

Indonesia taps tech firm for ambitious blockchain project

Indonesia taps tech firm for ambitious blockchain project

Jun. 5 | The Indonesian government has hired a Singapore-based tech company to set in motion a multi-million blockchain project with the aim of improving the country’s supply chain. Singaporean blockchain company PLMP Fintech said it has signed a memorandum...

Chelsea subsidiary partners with Japanese firm for fleet upgrade

Chelsea subsidiary partners with Japanese firm for fleet upgrade

Jun. 1 | Image by Gerd Altmann from Pixabay Kumiai Senpaku Co. Ltd., one of the largest independent shipping companies in Japan, has agreed to finance the construction and acquisition of a passenger vessel for Starlite Ferries, Inc., a wholly owned subsidiary...

ICTSI investment stake in Iloilo port projects raised to P8.7B

ICTSI investment stake in Iloilo port projects raised to P8.7B

May. 29 | Iloilo port photo from www.flickr.com/photos/29421855@N07/3316728089 International Container Terminal Services, Inc. (ICTSI) has increased to P8.7 billion its estimated investment cost for its unsolicited proposal to modernize and develop the Iloilo Port...

CMA CGM and MSC join Maersk’s blockchain-enabled shipping platform

CMA CGM and MSC join Maersk’s blockchain-enabled shipping platform

May. 29 | Global container shipping lines CMA CGM and Mediterranean Shipping Company (MSC) have announced they are joining TradeLens, a blockchain-enabled digital shipping platform jointly developed by A.P. Moller-Maersk and IBM. With CMA CGM, MSC, Maersk, and...

Maersk books solid Q1 earnings growth but sees ‘considerable uncertainties’ ahead

Maersk books solid Q1 earnings growth but sees ‘considerable uncertainties’ ahead

May. 25 | A.P. Moller-Maersk said it had a good start this year with solid increase in earnings in the first quarter, and reaffirmed its earnings guidance for 2019, even as it worried about “considerable uncertainties” from trade tensions and the implementation...

DOLE puts a stop to General Santos port strike

DOLE puts a stop to General Santos port strike

May. 24 | The Department of Labor and Employment (DOLE) has assumed jurisdiction over the dockworkers’ strike at Port of General Santos, effectively ordering strikers to return to work. In an order dated May 22 issued by acting Labor Secretary Renato L. Ebarle,...

HMM unveils new logo, continues losing streak

HMM unveils new logo, continues losing streak

May. 24 | South Korea’s national carrier Hyundai Merchant Marine (HMM) has unveiled a new corporate identity (CI) in a bid to strengthen its brand value even as it continues to post operating losses due to a slump in the shipping industry. Local media reports...

IMO okays measures mandating new ships to be more energy efficient by 2022

IMO okays measures mandating new ships to be more energy efficient by 2022

May. 23 | The International Maritime Organization (IMO) is pushing ahead with measures aimed at reducing greenhouse gas (GHG) emissions from shipping, in line with the Paris Agreement and the United Nations 2030 Agenda for Sustainable Development. IMO’s Marine...

Dockworkers go on strike at Port of General Santos

Dockworkers go on strike at Port of General Santos

May. 22 | The Port of General Santos handles approximately 96% of domestic and international general and containerized cargo in the SOCSKSARGEN (South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos) area. Photo from www.asianterminals.com.ph The...
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