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Duterte cuts rice import duty, modifies pork tariffs

President Rodrigo Duterte has approved the temporary reduction of tariff rates for imported rice and also further modified the tariffs for imported pork...

Counterfeits, cigarettes top smuggled items seized in Q1

Counterfeit goods, general merchandise, and cigarettes/tobacco were the top smuggled goods in terms of value seized by the Bureau of Customs (BOC) in...

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...

Barcelon named PHILEXPORT chairman

George Barcelon appointed chairman of the Philippine Exporters Confederation, Inc.’s (PHILEXPORT) Board of Trustees this year, replacing Paterno Dizon, who resigned due to...

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...

PortCalls May 17, 2021

Our latest issue (PortCalls; May 17 2021.) Stories include: ARTA drafts circular on single travel pass for cargo trucks PEZA Q1 exports up 15.6%, investments leap...

Asian ports dominate ranks of world’s most efficient container ports

East Asian ports, led by Yokohama in Japan, dominate the Container Port Performance Index The report highlights large efficiency gaps between world’s key...

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...

Truck ban in Metro Manila returns starting May 17

The Metropolitan Manila Development Authority is reimposing the truck ban in Metro Manila beginning May 17 Trucks will be banned from major thoroughfares...

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...