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Local firm gets P2.3-B Jica loan

The government of Japan is helping boost the Philippines’ so-called nautical highway with a P2.3-billion loan meant to help expand the fleet of Archipelago Philippine Ferries Corp. (APFC).

Posted: April 17th, 2014 in Headlines | Read More »

Congress OKs creation of single maritime agency

The House of Representatives and the Senate last week passed on third and final reading a bill seeking to create a single maritime administration and streamline all government administrative functions for the training and certification of millions of Filipino seafarers registered with the Maritime Industry Authority (Marina).

Posted: February 16th, 2014 in Headlines | Read More »

PH to lead Asean-wide Ro-Ro connectivity


The Philippines is all set to lead the Asean Ro-Ro Connectivity launch this month with the opening of the roll-on roll-off route to Indonesia, according to Asian Marine Transport Corp.

Posted: September 27th, 2013 in Headlines | Read More »

Tugboat operator sets IPO price at P1.88 per share


Tugboat operator Harbor Star Shipping Services Inc. has set its initial public offering price at P1.88 per share or a total of P341.4 million.

Posted: September 26th, 2013 in Latest Business Stories | Read More »

Asian Marine sees record sales


Asian Marine Transport Corp. expects to post record revenue this year and the next despite the tight competition from other local shipping firms and even from airlines offering freight services.

Posted: September 23rd, 2013 in Headlines | Read More »

2GO recovers from losses, hits H1 income of P501.9M


Shipping company 2GO said net income during the first half hit P501.92 million, from a net loss of P407.96 million during the same period in 2012.

Posted: August 23rd, 2013 in Headlines | Read More »

Sulpicio Lines name change couldn’t prevent accident

Sulpicio Lines Inc. changed its name to Philippine Span Asia Carrier Corp. (PSACC) following the 2008 sinking of its biggest passenger vessel in Romblon. The change in name, however, has not prevented another of the company’s ship from again figuring in accident.   AP FILE PHOTO

Four years ago, Sulpicio Lines Inc. changed its name to Philippine Span Asia Carrier Corp. (PSACC) following the 2008 sinking of its biggest passenger vessel in Romblon.

Posted: August 20th, 2013 in Latest Business Stories | Read More »

Decision vs FedEx a setback, says MAP official


Another influential business group has spoken out about the legal woes faced by Federal Express locally after the Court of Appeals recently voided its permit to operate in the country.

Posted: August 18th, 2013 in Headlines | Read More »

2GO unit opens container yard in Navotas

A subsidiary of listed shipping and logistics firm 2GO Group Inc. has started operations at a new container yard in Navotas City, as the company remains keen on expansion, expecting an increase in shipping volumes.

Posted: May 9th, 2013 in Headlines | Read More »

To ease shipping costs, gov’t agency turns to IFC

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The Department of Transportation and Communications (DOTC) has tapped the services of International Finance Corp. to bring down the cost of domestic shipping.

Posted: May 9th, 2013 in Headlines | Read More »

Opportunities abound for logistics investors in PH


Despite the global economic slowdown and volatile market conditions, economists are bullish on the prospects of the Philippine economy in 2013. The Bangko Sentral ng Pilipinas expects the national gross domestic product to hit the higher bracket of the official growth target of 6 to 7 percent this year.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

Senate ratifies bill to remove taxes on international carriers, shippers

Senate President Franklin Drilon: Epira amendment high on agenda. INQUIRER FILE PHOTO

The Senate has ratified a bill that would remove the taxes now being imposed on international carriers and shippers, resulting in more tourist arrivals and lower and more affordable fares.

Posted: January 23rd, 2013 in Latest Business Stories | Read More »



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