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Maritime

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Latest news on shipping and the maritime industry

Lower volumes shrink Lorenzo revenue 8.3% to P1.2B

LORENZO Shipping Corp.’s revenue declined 8.35% to P1.24 billion in the first…
  • November 19, 2013
  • 1 minute read

ICTSI takes over Tacloban port operations

International Container Terminal Services, Inc (ICTSI) will temporarily take over operations of…
  • November 18, 2013
  • 5 minute read

New ASEAN sling taps into growing intra-Asia trade

Evergreen Line and Hanjin Shipping have joined forces and created a new…
  • November 18, 2013
  • 1 minute read

PH gov’t, private sector join hands in massive relief work

MASSIVE relief operations are under way in areas the central Philippines devastated…
  • November 16, 2013
  • 5 minute read

Relief piling up at Matnog port, but where are the ships?

TRUCKLOADS of relief goods are choking the Port of Matnog in Sorsogon,…
  • November 16, 2013
  • 3 minute read

Box lines to impose rate hikes on Asia lanes

Hong Kong-based Orient Overseas Container Line (OOCL) is planning a revenue restoration…
  • November 15, 2013
  • 1 minute read

Maersk Line pockets $554-M profit in Q3 on cost savings

Danish shipping line Maersk Line made a profit of US$554 million in…
  • November 15, 2013
  • 2 minute read

ICTSI net income jumps 22% in first three quarters

Listed Philippine port operator International Container Terminal Services, Inc. (ICTSI) reported double-digit…
  • November 14, 2013
  • 3 minute read

PH cargo volume up almost 3% in first eight months

The Philippines’ total cargo throughput continues to improve, reaching 132.36 million metric…
  • November 14, 2013
  • 2 minute read

Hapag-Lloyd carved $22-M profit in Q3 due to cost cutting

Despite what it described as the industry’s “irrational behaviour” that was causing…
  • November 13, 2013
  • 2 minute read