THE Maritime Industry Authority (MARINA) said on Thursday that its partnership with South Korea’s Busan Marine Engineering Association (BUEA) will help shipping companies and shipyards build modern ships. “The role of MARINA is to assist the shipping companies and shipyards in availing of the modern ship designs offered by BUEA based on the shipowner’s requirements,” […]
Tag: shipping
CTA affirms ruling partially granting shipping firm’s VAT refund claim
THE Court of Tax Appeals (CTA) has affirmed its ruling partially granting BW Shipping Philippines, Inc.’s P3.18-million refund claim representing its excess input value-added tax (VAT) traced to zero-rated sales for 2015. In a 22-page decision dated Dec. 22 and made public on Dec. 28, the CTA full court ruled that its third division did […]
Increased investment in maritime transport needed to prepare for future crises
By Arjay L. Balinbin, Senior Reporter INCREASED investment in maritime supply chains, including ports, shipping fleets, and hinterland connections, is needed to boost sustainability and prepare for future global crises, the UN Conference on Trade and Development (UNCTAD) said. The recovery of maritime trade globally is hindered by port congestion and unreliable schedules amid increased […]
Shipping dev’t plan to highlight increase in yard, repair capacity
THE 10-year plan for the shipping industry will be anchored on an increase in shipbuilding and repair yard capacity, the Department of Transportation (DoTr) said on Monday. The department said in a statement that Undersecretary for Planning and Project Development Timothy John R. Batan met with officials of the Maritime Industry Authority (Marina) on Nov. […]
ARTA helping organize one-stop shop for shipping industry permits
THE Anti-Red Tape Authority (ARTA) and other regulators are seeking to establish a one-stop shop for permit applications by the shipping industry. In a statement on Monday, the ARTA said it hopes to sign a memorandum of agreement this month that will lead to the creation of a technical working group to oversee the streamlining […]
Aggresive in Global Market Expansion, PIS Meets BP, Shell, and Exxon in Singapore
SINGAPORE, Sep 3, 2022 – (ACN Newswire via SEAPRWire.com) – Pertamina International Shipping (PIS) is increasingly targeting consumers in the international market. In addition to this expansion, PIS strives to continuously improve the quality and standard of service by exchanging knowledge and experiences with world energy companies. PT Pertamina International Shipping (PIS), in cooperation with […]
COSCO SHIPPING Development Achieved Quality Improvement in 1H2022, Integrated Core Advantages and Promoted Digital Empowerment
EQS Newswire / 30/08/2022 / 23:25 UTC+8 Press Release (For Immediate Release) COSCO SHIPPING Development Achieved Quality Improvement in 1H2022, Integrated Core Advantages and Promoted Digital Empowerment (30 August 2022, Hong Kong) – COSCO SHIPPING Development Co., Ltd. (“COSCO SHIPPING Development” or the “Company”) (SSE: 601866, […]
Steady progress and pending new breakthroughs COSCO SHIPPING Holdings delivered the record first-half results
EQS Newswire / 30/08/2022 / 21:38 UTC+8 Press Release(For immediate release) Steady progress and pending new breakthroughs COSCO SHIPPING Holdings delivered the record first-half results (30 August 2022, Shanghai)–COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings” or “the Company”) (SSE: 601919; HKEx: 1919), the container shipping-based global digital supply chain operation and […]
Cokaliong launches pioneering ‘rewards system’ app
COKALIONG Shipping Lines launched a mobile application on March 21. The “Byahe” mobile app features a rewards system that allows both avid passengers and casual travelers to gain points that would equate to certain benefits and rewards.In the entire maritime industry, Cokaliong Shipping Lines is the first shipping company to launch a rewards system app […]
Shipping firm opens new route linking Medellin, Bantayan
SHIPPING operator Aznar Shipping is expanding its reach in the Visayas Island, particularly in the province of Cebu by mounting a new route connecting Medellin, Cebu and Sta. Fe Bantayan Island.Utilizing a passenger-only vessel, Aznar Water Taxi with a passenger capacity of 92, brings forth more tourism and business activities to these flourishing towns.With daily […]
Exporters call for changes to PHL shipping rules
Exporters and logistics groups are proposing longer-term changes to Philippine shipping rules to allow domestic ships to carry out international trade. Royal Cargo, Inc. subsidiary Iris Logistics, Inc. will soon transport containers carrying export products to the United States amid a global container shortage that has led exporters to flag logistics delays and higher freight […]
Trans-Asia launches new vessel
SHIPPING company Trans-Asia Shipping Lines has unveiled mv Trans-Asia 21, its brand new cargo and passenger vessel serving the Cebu-Cagayan de Oro route. Sheila Fay Sy, general manager of Trans-Asia, said the movement of goods and cargo in the gateway between the Visayas and Mindanao is crucial. “There is so much business between Cebu and […]
Exporters say shipping shortage hampering product deliveries
The Philippine Exporters Confederation, Inc. (Philexport) said Friday that 80 out of nearly 100 member-companies that responded to a recent survey said they are currently unable to ship products due to a shortage of vessel space. “They currently have products ready to be shipped but could not do so due to a lack of vessel […]
Project Launched to Probe Conversion of Existing Ships from Fossil-based Fuels to Decarbonized Energy Sources
TOKYO, May 20, 2021 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries, Ltd. (MHI) is to undertake technical, financial and environmental assessments for converting existing ships to vessels that run on zero carbon fuels. The evaluations will be performed mainly by two Group companies – Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine […]
Indonesian SOE Minister Erick Thohir Inaugurates PERTAMINA PRIDE
LAMPUNG, Indonesia, Apr 18, 2021 – (ACN Newswire via SEAPRWire.com) – State-Owned Enterprises (SOE) Minister Erick Thohir was at the Port of Semangka Bay, Kota Agung, Tanggamus Regency to inaugurate the PERTAMINA PRIDE, the Very Large Crude Carrier (VLCC) commissioned by Pertamina International Shipping (PIS), the shipping sub-holding of PT Pertamina. Handover of PERTAMINA PRIDE […]
MSC Ends “ANASTASIA” Cargo Ship Ordeal With Crew Change in Japan
GENEVA, SWITZ / ACCESSWIRE, Feb 9, 2021 – (ACN Newswire) – Following months of repeated appeals by MSC Mediterranean Shipping Company to allow a change of crew on ANASTASIA, a cargo ship which had been stuck off the coast of China since September, MSC has effectively resolved the matter, avoided a humanitarian crisis onboard and […]
97% of funds for assistance for critically impacted shipping firms distributed, PPA says
By Arjay L. Balinbin, Senior Reporter THE Philippine Ports Authority (PPA) said it had released about 97% of the allocated budget for the financial assistance for the shipping companies or operators that had been critically impacted by the coronavirus pandemic. The amount of funds used as of Jan. 26 was P7,458,965.75, according to PPA data […]