Spot rates below us$5k

Cargo rates up 170% y-o-y on buoyant June contract prices

Long-term contracted prices rise 10.1%, driving up ocean freight rates 169.8% y-o-y…

Maersk cuts Asia-N. Italy transit times by 5-22 days

Maersk’s new feeder service between Port Said, Egypt and the Port of…
New DOTr chief eyes global standards for transport system

New DOTr chief eyes global standards for transport system

The Department of Transportation will focus its efforts on moving passengers and…
Globalport Davao Terminal formed to operate Sasa port

Globalport DavaoTerminal formed to operate Sasa Port

An indirect subsidiary of Globalport 900 Inc. will operate and manage Sasa…
Ukraine war choking trade, lifting shipping rates: UNCTAD

Ukraine war choking trade, lifting shipping rates: UNCTAD

Russia’s war on Ukraine is stifling Ukrainian and Black Sea trade and…
Carriers, global Customs unite against drug trafficking

Carriers, global Customs unite against drug trafficking

Shipping industry and Customs authorities met in early June over a joint…
12th regular foreign investment negative list

Foreign investment negative list updated, reflects shipping, air transport ownership liberalization

Executive Order 175 replaces the 11th regular foreign investment negative list that…
Globalport gets green light to take over Davao Sasa port

Globalport gets green light to take over Davao Sasa port

The Philippine Ports Authority on June 28 signed the contract and notice…
BICT welcomes Asia-Europe multimodal service

BICT welcomes Asia-Europe multimodal service

Batumi International Container Terminal will handle Asian cargo on the new multimodal…
Evergreen takes delivery of world’s largest container ship

Evergreen takes delivery of world’s largest container ship

24,000-TEU Ever Alot is the world’s biggest container ship to date The…