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Posts tagged with "shipping"

Economic recovery slow, uneven amid greater uncertainty—BIMCO

Economic recovery slow, uneven amid greater uncertainty—BIMCO

Sep. 9 | The shipping industry is unlikely to see a significant increase in demand, even as economic recovery has begun with governments easing restrictions after the shock of the pandemic, the Baltic and International Maritime Council (BIMCO) forecasts. Many...

Keep ships moving, ports open and trade flowing, urge UN entities

Keep ships moving, ports open and trade flowing, urge UN entities

Jun. 13 | Tired Seaman AB or Bosun on deck of vessel or ship. Photo from UNCTAD. The world’s reliance on maritime transport makes it more important than ever to keep ships moving, ports open and cross-border trade flowing, and to support ship crew changeovers,...

IMO bares latest progress in meeting ship emissions targets

IMO bares latest progress in meeting ship emissions targets

Nov. 25 | Image from Pixabay. The International Maritime Organization (IMO) announced that its working group has made significant progress in helping shipping meet greenhouse gas (GHG) emissions reduction targets, including by advancing work on early, short- and...

ICTSI declares 25% income growth for first 9 months

ICTSI declares 25% income growth for first 9 months

Nov. 13 | International Container Terminal Services, Inc flagship terminal, the Manila International Container Terminal. Photo from ICTSI. Port operator International Container Terminal Services, Inc. (ICTSI) reported a net income of US$204.968 million in the first...

Fall in shipping revenue drives 2GO loss in first 3 quarters

Fall in shipping revenue drives 2GO loss in first 3 quarters

Nov. 13 | Image by Gerd Altmann from Pixabay 2GO Group, Inc. incurred a net loss of P758 million in the first nine months of 2019, higher than the P707 million loss for the same period last year as shipping revenues declined and cost of services increased. Revenues...

Shippers find need to improve technology use in supply chain

Shippers find need to improve technology use in supply chain

Sep. 21 | Most shippers are not making the most of the growing number of technology tools at their disposal in optimizing operations, according to the results of a survey by American Global Logistics (AGL). AGL, a customized logistics solutions provider, said that...

Maritime group against bills declassifying shipping as public utility

Maritime group against bills declassifying shipping as public utility

Sep. 10 | The Philippine Coastwise Shipping Association (PCSA) is opposing bills that propose to remove transportation services, which include domestic shipping, from the list of services considered as public utilities. Once transportation is no longer a public...

Lorenzo Shipping widens net loss to P173M

Lorenzo Shipping widens net loss to P173M

Aug. 17 | Lorenzo Shipping Corp owns and operates five vessels deployed to key ports in Manila, Visayas and Mindanao. Photo from Lorenzo Shipping Facebook page. Lorenzo Shipping Corporation (LSC) reported a wider net loss of P173.516 million in the first half of...

2GO sustains P188M loss in H1 amid shipping, fuel woes

2GO sustains P188M loss in H1 amid shipping, fuel woes

Aug. 13 | Image by OpenClipart-Vectors from Pixabay 2GO Group, Inc. incurred a net loss of P188 million in the first half of 2019, down from a net income of P197 million for the same period in 2018 as shipping revenues continue to decline and cost of services increased. The...

2GO’s loss balloons to P1.3B in 2018

2GO’s loss balloons to P1.3B in 2018

Apr. 17 | Image by Elias Schäfer from Pixabay 2GO Group, Inc. and its subsidiaries posted a net loss of P1.3 billion in 2018, an increase from the P310 million net loss in 2017. Revenues increased by 2% to P21.990 billion in 2018 from P21.551 billion 2017 due...