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Drewry’s Intra-Asia Container Index falls, signaling continued market softness

Drewry's Intra-Asia Container Index (IACI) experienced an 8% decline in the second half of July, dropping to $651 per 40ft container. This latest data...

ICTSI investing USD800M in Batangas to build PH’s largest privately-funded marine terminal, 2nd largest to MICT

World’s largest port operator International Container Terminal Services, Inc. (ICTSI) owned by billionaire Enrique K. Razon is investing USD800 million to develop a new...

Razon secures 30-year deal to develop, operate Indonesian port in Batam Island

Billionaire global port operator Enrique K. Razon Jr. continues to expand with the recent signing of an agreement to develop and operate terminal facilities...

Global shipping leaders urge unified front amidst decarbonization push

The urgent need for global collaboration over protectionism in the maritime sector was the resounding message from the ‘Shaping the Future of Shipping’ Summit,...

TecPlata launches new La Plata – Montevideo service

TecPlata, International Container Terminal Services, Inc.’s (ICTSI) Buenos Aires terminal, has launched a new regular service connecting the Port of La Plata to the...

Global Container Port Throughput shows robust growth in May, led by Middle East 

Drewry's latest Global Container Port Throughput Index reveals a continued healthy expansion in global container handling, with significant month-on-month and year-on-year increases in May...

Drewry World Container Index declines for 6th consecutive week amid tariff uncertainty

The Drewry World Container Index (WCI) has recorded its sixth consecutive weekly decline, falling by 3.3% this week. This sustained downturn follows a period...

2GO Group provides meals to stranded passengers following trip cancellation

2GO Group Inc., the Philippines' largest integrated transportation and logistics provider, is currently distributing free breakfast and lunch to passengers at the Passenger Terminal...

Globe joins Asia United Gateway East consortium for 8,900-kilometer submarine cable system to strengthen regional AI-driven connectivity

Globe, the country's leading telco, has joined the Asia United Gateway East (AUG East)  consortium to build the 8,900-kilometer submarine cable system to help...

Drewry’s Intra-Asia Container Index posts 13% drop in early July amidst softening market

Drewry, a leading independent maritime research consultancy, announced that its Intra-Asia Container Index (IACI) registered a notable decline of 13% in the first half...

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