Higher freight rates seen as supply-demand gap improves

Container shipping’s massive supply-demand imbalance is expected to narrow going into 2017,…

OCEAN Alliance bares service network, eyes April launch

Members of the OCEAN Alliance—Orient Overseas Container Line (OOCL), Cosco Container Lines,…

S Korean gov’t forms rescue plan for shipping industry

The South Korean government has announced a sweeping industrial restructuring plan to…

Draft PH customs order hikes tax exemption for balikbayan boxes

A draft customs administrative order (CAO) governing the consolidated shipment of duty-…

Japan’s 3 biggest carriers to merge box shipping, port businesses

Three major Japanese liners have bared plans to combine container shipping and…

Logistics industry’s confidence goes up ever so slightly

The Stifel Logistics Confidence Index for October remained below the neutral mark…

Davao-Sasa port project’s fate known before yearend—PPA

A decision on how Davao-Sasa port will be developed and modernized should…

OOCL revenue plunges 13.8% in Q3 despite volume growth

Hong Kong-based carrier Orient Overseas Container Line (OOCL) reported higher volumes in…

PH ratifies Trade Facilitation Agreement

The Philippines has ratified the World Trade Organization’s (WTO) Trade Facilitation Agreement…

Marina corrects timing of random ship checks to prevent departure delays

The Maritime Industry Authority-Enforcement Group (Marina-ES) has agreed to conduct random inspection…