Philippines

Philippines

Weekly wrap-up for July 12, 2014
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
10 Jul 2014
The Philippine government will give vessels that call at the nearby port of Batangas, rather than at Manila, a 90 percent discount on docking fees over weekends from August in a desperate bid to clear the country’s chronically clogged terminals.
03 Jun 2014
The Manila daytime truck ban that was suspended to clear containers choking the Philippine port for the World Economic Forum East Asia summit last month is back in force, but with a slight modification.
Ocean Carrier Rate Revision Roundup for May 30
30 May 2014
Multiple container lines have planned general rate increases in various trade routes in June and July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Ocean Carrier Rate Revision Roundup for May 16
16 May 2014
Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
14 May 2014
Heavy congestion at the Manila flagship of International Container Terminal Services, Inc. (ICTSI) had no obvious impact on its first quarter results with the Philippine-based port operator’s net income growing by 29 percent to $52.4 million.
12 May 2014
Manila mayor Joseph Estrada on May 12 suspended the Philippine capital’s deeply unpopular daytime truck ban for the next eight days in a bid to clear containers choking the port before a World Economic Forum summit begins on May 21.
U.S. containerized imports, March 2013 to March 2014
14 Apr 2014
U.S. containerized import volume jumped 15.1 percent year-over-year in March 2014, the largest increase in 13 months, according to advance figures from PIERS, the data division of JOC Group Inc.
14 Apr 2014
Philippine terminal operators believe calls to transfer container-handling operations away from Manila as part of the solution to ease chronic traffic congestion in the city are unrealistic.
08 Apr 2014
Manila’s heavy vehicle access restrictions, imposed in February to help ease the city’s notorious gridlock, are frustrating the Philippine shipping and logistics industry.
U.S. containerized exports through February 2014. Source: PIERS, the Data Division of JOC Group Inc.
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.