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Sea

Freight rate update: Drewry WCI Composite Index shows steady growth

The Drewry World Container Index (WCI) composite index rose by 3% to $2,265 per 40ft container, marking a significant decrease of 78% from its...

BOC, SBMA ink MOA to boost trade, optimize Customs operations 

To boost trade facilitation and economic growth, the Bureau of Customs (BOC) and the Subic Bay Metropolitan Authority (SBMA) signed a Memorandum of Agreement...

Maersk, DTI mull warehousing collaboration for Philippines SMEs

Maersk, the world’s leading integrated logistics company, is exploring potential collaboration to extend its services to small and medium enterprises (SMEs) in the Philippines. Jenn...

PPA launches “OPLAN Biyaheng Ayos: Semana Santa 2025”

The Philippine Ports Authority (PPA) is gearing up for a significant influx of passengers this Holy Week with the launch of “OPLAN Biyaheng Ayos:...

Trump’s “explosive” new tariffs now in effect, straining global trade

Donald Trump’s highly anticipated new round of “explosive” tariffs has officially taken effect, with the most notable measure being a staggering 104% tariff on...

Global container growth set for significant decline amid US-China tariff war

Global container shipping is on track to face a sharp downturn this year, primarily driven by the ongoing tariff war initiated by President Donald...

Basra Gateway Terminal handles largest vessel call at Umm Qasr

Basra Gateway Terminal (BGT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Umm Qasr, Iraq, has set a new industry benchmark...

Asia-Pacific powers global trade fuelled by robust logistics demand

The Asia-Pacific region continues to play a pivotal role in driving global trade, fueled by robust demand across ocean, air, and inland logistics. As...

Chelsea Logistics achieves strong financial recovery in 2024 with PhP177 million profit

Chelsea Logistics has made a remarkable financial recovery, posting a consolidated net profit after tax of PhP 177 million in 2024. This marks a...

Gov’t vows all out support for Filipino seafarers

The Philippine government has vowed to give out full support to Filipino seafarers to further improve their competence as future facilitators of global trade. Transportation...

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