PortCalls

The net income of Asian Terminals Inc. (ATI) inched up 1.35% to P4.5 billion in 2024 from P4.44 billion in 2023. Consolidated revenues for the year climbed 7.1% to P16.5 billion from P15.4 billion in 2023, powered by robust performance across its containerized and non-containerized operations in Manila and Batangas, the port operator said during its online stockholders’ meeting on April 24. #containerterminal https://lnkd.in/dDmTrVtY

Philippine Airlines reported a 22.5% drop in total comprehensive income to P3.975 billion in the first quarter of 2025 from P5.131 billion in the same period last year Revenues for the first quarter inched up 2.5% to P46.95 billion from P45.80 billion, primarily attributable to higher cargo and ancillary revenues, the flag carrier said in a regulatory disclosure. Cargo revenues increased 6.3% to P2.04 billion from P1.92 billion, thanks to higher rates, particularly in the Americas, Canada, Singapore, and Davao. PAL carried 52.6 million kilograms of cargo in the first quarter of the year. #airlines https://lnkd.in/dqi5FBBs

The transpacific container #shipping market is bracing for a contraction as major ocean carriers pull services and blank sailings surge in response to slumping demand, falling freight rates, and rising trade uncertainty between the United States and China. ZIM Integrated Shipping Services discontinued its ZIM Central China Xpress; TS Lines has withdrawn its AWC2 loop, which served South China to Los Angeles; and MSC Mediterranean Shipping Company scrapped its planned Mustang service to the Pacific Northwest. Premier Alliance PN4 has also been withdrawn even before its launch. Ocean carrier alliance ONE similarly suspended a planned May service connecting China and North America. #containershipping #tariffs https://lnkd.in/dmNsACAB

Hong Kong International Airport maintained its ranking as the world’s busiest air cargo airport for 2024, according to preliminary figures from ACI World - Airports Council International. Shanghai Pudong International Airport and Memphis International Airport came in second and third, respectively. The two switched slots from their 2023 ranking. The #airports of Anchorage, Louisville, Incheon, Miami, Doha, Guangzhou, and Taipei complete the top 10. #aircargo https://lnkd.in/duMKyFjx

Maersk officially opened its Cainta 2 distribution center on April 23 even as it eyes expanding its warehouse footprint beyond Luzon. Covering a total land area of 36,000 square meters, the hub located along Ortigas Avenue Extension in Cainta, Rizal, comes with an 18,255-square meter warehouse offering 23,581 pallet positions. A.P. Moller - Maersk #warehouse #distributioncenter https://lnkd.in/dfDSHMcj

The guidelines for customs brokers’ career progression and specialization are under review and for finalization soon, according to Samuel Bautista, chairman of the Professional Regulatory Board for Customs Brokers under the Professional Regulation Commission. Bautista told PortCalls the program will recognize customs brokers’ level of specialization, just like in other regulated professions such as medicine, wherein doctors have their specialties and subspecialties. Specializations may, for example, be in handling transshipments, international commercial terms, economic zone transactions, and customs audit. There will be levels of specialization, which can be achieved through various criteria to be provided in the guidelines. #customsbroker #specialization https://lnkd.in/d-MyMECm

The first phase of the government’s truck route mapping project covering the National Capital Region, Region 3, and Region 4a is complete but the second phase is now in limbo. https://lnkd.in/eZUTtSvW

Philippine Airlines and Qatar Airways have launched a strategic partnership to expand service between Manila and Doha by June. https://lnkd.in/e_kG4Cmt

Congratulations to the Norwegian Training Center on its 35th anniversary! A celebration marking the founding was held yesterday (April 24) at The Peninsula Manila. It was opened by NTC CEO Jo Even Tomren and Royal Norwegian Embassy Ambassador Christian Halaas Lyster. In attendance were Department of Transportation - Philippines Secretary Vince Dizon and Department of Migrant Workers Secretary Hans Leo Cacdac.

Drewry’s World Container Index decreased 2% to $2,157 per 40ft container this week. Freight rates from Shanghai to New York decreased 3% to $3,611 per 40ft container and those from Shanghai to Los Angeles decreased 2% to $2,617 per 40ft container. View our detailed assessment at: https://lnkd.in/dUGvw7f A natural companion to Drewry's various ocean freight rate benchmarking services is our weekly Container Capacity Insight which allows exporters, importers and forwarders to monitor, anticipate and act on a number of key shipping capacity-related issues - such as cancelled sailings, dwell time, port congestion and utilisation for all the main trades. Find out more at https://lnkd.in/e2d-5DbM. #Drewry #WorldContainerIndex #containers #shipping #SupplyChains #logistics #OceanFreightRates #transportation