Leased box fleet outlook dims on demand drop, new price lows

Declining rental demand has lowered forecasts for growth of the global leased…

Marina eyes return of incentives to spur ship re-fleeting

The Philippine Maritime Industry Authority (Marina) is moving to reinstate incentives for…

Ocean freight rates up 26% as carriers cut down on services

Spot freight rates have inched up across all routes, but some lanes…

Hapag-Lloyd capital restructuring for UASC merger gets shareholders’ nod

German shipping liner Hapag-Lloyd’s shareholders has approved the creation of new authorized…

Box fleet prices predicted to plunge even deeper

Cheaper production and material costs as well as weaker demand have driven…

Marina task force to rework outdated shipping rules

The Maritime Industry Authority (Marina) plans to update the Philippine Merchant Marine…

Batangas terminal throughput shoots up 4.9% in Jan-Jul

Batangas Container Terminal (BCT) has steadily sustained higher volumes, handling 85,000 twenty-foot…

Harbor Star obtains construction contracting license

Maritime services provider Harbor Star Shipping Services, Inc. (HSSI) has secured its…

BOC names OICs for key offices

Philippine Customs Commissioner Nicanor Faeldon has appointed officers-in-charge (OICs) to several senior…

Ballooning costs further inflate Lorenzo Shipping’s loss in first half

Philippine carrier Lorenzo Shipping Corporation’s (LSC) net loss widened to P231 million…