Shipping industry bullish on investments

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Global shipping companies expect to invest more this year and next, on the back of continuous expansion of global trade. The World Trade Organization (WTO) forecasts that merchandise trade will grow 4.4 percent year-on-year in 2018, after expanding 4.7 percent in 2017. Growth is forecast to reach 4.0 percent in 2019, it said. This is […]

Posted by: on Jun 19, 2018 read more

PH receives its largest port equipment

ICTSI to boost flagship operation with new cranes International Container Terminal Services, Inc.’s (ICTSI) flagship Manila International Container Terminal (MICT), the Philippines’ leading international trading gateway, is now capable of handling the world’s largest container ships after taking delivery of three new cranes–a pair of Neo-Panamax quay cranes and a Post-Panamax quay crane–on Thursday, June […]

Posted by: on Jun 12, 2018 read more

Wind power to help decarbonize shipping

The shipping industry is exploring the use of wind power to help protect the environment. However, while shipping companies abroad can afford to do so, the Philippine shipping industry must first focus on upgrading its ships. In addition, wind powered ships may not be as feasible in the country due to the lack of wind […]

Posted by: on Jun 12, 2018 read more

Maritime Philippines in international shipping

Last week I participated in the Round Table Discussions (RTD) for international shipping convened by the National Coast Watch Council (NCWC) and the Movement for Maritime Philippines (MMP) and where I had the rare chance of meeting Ambassador Carlos C. Salinas, erstwhile Philippine envoy to Spain and now International Maritime Organization (IMO) Ambassador. As envoy to […]

Posted by: on Jun 08, 2018 read more

Bimco launches maritime reporting model

The Baltic and International Maritime Council (Bimco) formally launched last week the Maritime Reporting Model (MRM) for ship masters that reportedly reduces the administrative workload associated with port calls by eighty percent. Anastasios Papagiannopoulos, Bimco president and CEO of dry bulk shipping company Common Progress says, “using one documents for all transactions reduces substantially the […]

Posted by: on Jun 08, 2018 read more

‘Mergers, tie-ups give seafarers hope’

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When shipping took a down turn in 2008, one of the hardest hit was the containerization industry. Its recovery was excruciatingly slow and even a decade after the global economic crisis, shipping is still suffering as a result of over tonnage and over building from prior years. Ships are still being sold and companies are […]

Posted by: on May 29, 2018 read more

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