Lorenzo Shipping loss widens to P365M in 2016

Listed Philippine freight carrier Lorenzo Shipping Corporation (LSC) broadened its loss to…

Maersk Line’s $4B purchase of Hamburg Süd gets board nod

Danish shipping giant Maersk Line’s proposed acquisition of German box carrier Hamburg…

Europe-Asia rates surge, surpass headhaul rates

Sea freight rates on the Europe-Asia trade lane have surpassed the Asia-Europe…

PPA: Sufficient Manila ports capacity during ASEAN meet

The Philippine Ports Authority (PPA) guarantees sufficient capacity at the ports of…

Evergreen’s new KTP service makes maiden call at Subic

Taiwan-based carrier Evergreen Marine Corp. has started a new service that connects…

First Jakarta-LA direct sea cargo route launched

Indonesia’s main sea hub Tanjung Priok Port in North Jakarta has officially…

Chelsea Logistics eyes IPO

Philippine passenger and cargo carrier Chelsea Logistics Corporation plans to raise up…

Trump ‘biggest risk’ to trade: port magnate

US President Donald Trump, Jr. is today’s biggest risk to global trade,…

World seaborne trade sustaining robust volume growth

Seaborne trade in 2016 jumped to more significant volumes after the slight…

Harbor Star 2016 profit jumps 49% on strong earnings from most services

Marine services provider Harbor Star Shipping Services, Inc. (HSSI) reported a 49%…