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Sea

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...

Surge in sailing cancellations in major shipping routes raises concerns

The number of canceled sailings on Transpacific, Transatlantic, and Asia-North Europe & Mediterranean routes has surged in March and April, reaching a total of...

Drewry WCI composite index sees modest uptick 

The Drewry World Container Index (WCI) composite rose by 2%, reaching $2,208 per 40-foot container. This figure remains 79% lower than the pandemic peak...

SITC’s weekly calls boost Iloilo’s trade connectivity with Asian markets

Visayas Container Terminal (VCT), operated by International Container Terminal Services, Inc. (ICTSI), welcomed SITC Container Lines’ restructured China-Philippines Express 7 (CPX7) service, which introduces...

Panama Maritime Authority deregisters 107 vessels linked to sanctions

The Panama Maritime Authority (PMA) has officially removed 107 Panamanian-flagged vessels from its registry due to their inclusion in international sanctions lists, with an...

Drewry’s Intra-Asia Container Index (IACI) Drops 36%

Drewry's Intra-Asia Container Index (IACI) experienced a decline of $3, settling at $601 per 40-foot container in the second half of March. This marks...

PPA to complete major infrastructure projects in 2025

In 2025, the Philippine Ports Authority (PPA) is poised to complete several significant infrastructure projects that will enhance the country's maritime capabilities. Among these projects...

Proposed US fee structure on Chinese-built vessels to disrupt competition

The proposed fee structure put forward by the US Trade Representative, aimed at ships built in China, has the potential to significantly disrupt competition...

PPA lines up 3 cruise ship port projects this year

The Philippine Ports Authority (PPA) said three cruise ship port projects are in the pipeline - Coron, Palawan; Buruanga, Aklan; and Mambajao, Camiguin -...

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