Friday, November 14, 2025
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Sea

Drewry World Container Index records first decline in five weeks as transpacific rates fall

The Drewry World Container Index (WCI) recorded its first decline in five weeks, falling 5% to $1,859 per 40ft container. The decrease was primarily...

ARTA reviewing red tape in maritime sector to attract more investors in shipbuilding, repair

The Anti Red Tape Authority (ARTA), the Philippine agency mandated to fight bureaucratic red tape, is reviewing existing regulations and processes that affect the...

Scandinavian countries keen on investing in PH maritime modernization; DOTr  wants  Congress to prioritize shipbuilding development and incentives bills 

Scandinavian countries — Norway, Denmark, and Sweden — have expressed strong interest in investing in and contributing to the modernization of the Philippines’ maritime...

Upgraded Koala service at Victoria International Container Terminal boosts Asia linkage

Victoria International Container Terminal (VICT), Australia’s fully automated container terminal operated by International Container Terminal Services, Inc. (ICTSI), recently enhanced maritime connection to Asian...

PPA waives port fees for vehicles transporting gov’t rescue equipment, relief goods 

In support of the national government’s disaster relief and recovery operations following Super Typhoon “Uwan,” the Philippine Ports Authority (PPA) has suspended the collection...

Denmark backs PH efforts to become global shipbuilding leader – Danish envoy 

Danish Ambassador Franz-Michael Mellbin said the Philippines has what it takes to become a global leader in shipbuilding and could fill the gap as...

FastCat temporarily suspends several trips due to severe tropical storm “Uwan”

FastCat today announced the temporary cancellation of several scheduled ferry trips across various routes, effective immediately, in response to the severe weather conditions and...

Magsaysay Shipping and Logistics’ tankers division sweeps 3 top awards at 2025 Shell SOAR recognition

Magsaysay Shipping and Logistics’ (MSL) Tankers Division was recently honored with three prestigious distinctions at the 2025 Shell SOAR (Supply & Operations Awards and...

Lloyd’s Register launches groundbreaking guidance: A roadmap for safe nuclear energy in shipping

Lloyd’s Register (LR), a leading professional services company specializing in engineering and technology solutions, has published "Navigating Nuclear Energy in Maritime," a new guidance...

Drewry World Container Index jumps 8% for fourth straight week, signaling temporary market rebound

The Drewry World Container Index (WCI) recorded its fourth consecutive week of increases, climbing 8% to $1,959 per 40ft container, successfully reversing a prolonged...

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