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In first nine months: ATI doubles net income to P1.66 B

Asian Terminals, Inc. (ATI), the country’s second top port operator, has doubled its net income posted in the first nine months of the year due to the strong performance of its core and non-core businesses. Its total revenues have likewise increased significantly compared to the figure posted in the nine-month period of 2009. Latest data from ATI showed that net income reached P1.665 billion or 100.9% higher than...

Policy changes key for an effective PHL intermodal transport system

An international intermodal transport expert is urging the Philippines to make some policy changes to come up with an effective intermodal transport system. The expert said that while some of the changes involve strong political issues, it is a tough pill to swallow if the country would like to become one of the top players in the global transport industry. In an interview at the sidelines of the 2010 Intermodal and...

To Protect Pinoy Seafarers: RP mulls blacklisting carriers with sloppy crew protection program

The Philippine Government is contemplating to blacklist international shipping lines with a history of terrible crew protection. The Philippines said the move is in line with the thrust of the country to protect its seafarers onboard international-going vessels. Philippines has already requested the UK Maritime Trade Operations to provide the country with the list of the shipping companies that have been listed...

Modular Ro-Ro ports completed by 2012

The Philippine Ports Authority (PPA) set the completion of the 72 GMA (Greater Maritime Access) port projects by 2012 and at that time, water transport infrastructure development will boost the national economy.  The GMA port projects complement to the development of the Strong Republic Nautical Highway, Western Nautical Highway, Pan-Philippine Highway , Eastern and Central Nautical Highways. Of the 72 port...

BOC to accredit petroleum importers and oil terminal operators

The Bureau of Customs (BOC) will accredit petroleum importers and oil terminals in the country, on top of the same measures to be implemented by the Department of Energy (DOE), in a move to curb oil smuggling into the country. The new measure will be implemented after officials of DOE, Department of Finance, and Department of Justice and agreed in principle for the double accreditation of oil importers. “BOC...