Home » Posts tagged with "shipping"

Posts tagged with "shipping"

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...

10-year plan for a competitive PH maritime hub detailed

10-year plan for a competitive PH maritime hub detailed

Jan. 22 | Image courtesy of Sujin Jetkasettakorn at FreeDigitalPhotos.net The Maritime Industry Authority (Marina) aims to make the Philippines a global maritime hub by implementing a five-pronged action plan under one of several priority programs outlined in its...

Draft PH maritime roadmap identifies priority programs for next 10 years

Draft PH maritime roadmap identifies priority programs for next 10 years

Oct. 22 | The Maritime Industry Authority (Marina) is finalizing priority programs and projects under its 10-year Maritime Industry Development Plan (MIDP), which aims to transform the Philippines into a major maritime hub. “While it may be true that we [did]...

Report: port inefficiency continues to inflate shipping costs, erode PH competitiveness

Report: port inefficiency continues to inflate shipping costs, erode PH competitiveness

Oct. 4 | Improving efficiency of Philippine ports and enabling them to handle bigger ships and more volumes can help address high costs of shipping and improve the country’s competitiveness, according to a policy brief sponsored by local port stakeholders, business...

Transport industry stalwarts gather for Visayas, Mindanao shipping conferences on Aug 2-3

Transport industry stalwarts gather for Visayas, Mindanao shipping conferences on Aug 2-3

Jul. 24 | Shipping and customs stakeholders are set to convene at the 2nd Visayas Shipping Conference 2018 and 3rd Mindanao Shipping Conference 2018 to discuss trade prospects and share updates on infrastructure and policies affecting the industry. Organized jointly...

Marina details latest strategy to improve connectivity, reduce regulatory burden

Marina details latest strategy to improve connectivity, reduce regulatory burden

Jul. 6 | The Maritime Industry Authority (Marina) has listed its plans and programs to accomplish its aim of further connectivity, mainly by ensuring an economic, efficient, safe, secure, and adequate maritime transportation system. Domestic Shipping Service...

DOF reviewing implementation of common carriers’ tax

DOF reviewing implementation of common carriers’ tax

Jun. 12 | The Philippine Department of Finance (DOF) said it will review current revenue regulations on the common carriers’ tax imposed on international air and sea cargo vessels doing business in the Philippines to ensure a level-playing field and improve...