December 11th, 20190The Philippines is the latest nation to admit IMO 2020 jitters. The Filipino Shipowners Association (FSA) has warned the domestic shipping sector may not be ready to comply with the global sulphur cap, which starts in exactly three weeks. The country joins the likes of India, Indonesia and Russia to have expressed sulphur cap concerns...
November 14th, 20190Philippines-based gas logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Kanfer Shipping, a Norway-based developer of small-scale LNG sea transportation, maritime breakbulk solutions, floating storage facilities as well as LNG bunkering. Through the investment, AG&P will jointly...
November 5th, 20190Manila-headquartered International Container Terminal Services, Inc (ICTSI) has been handed $93.6m by a federal jury in the US over a long running case relating to a terminal it used to operate in Portland in the state of Oregon. The court case found the local chapter of the International Longshore and Warehouse Union had sabotaged...
September 27th, 20191Texas-headquartered Excelerate Energy has received approval from the Philippine Department of Energy (DOE) to proceed with a floating LNG import terminal in the Bay of Batangas. The project, named Luzon LNG, will supply LNG to gas-fired power plants in the region that provide electricity to Luzon, including Metro Manila. Daniel...
July 25th, 20191The Nikkei Asian Review is reporting Australian shipbuilder Austal and US private equity firm Cereus Capital Management have entered exclusive talks to take over one of the world’s largest shipyards. The pair are submitting a bid to buy Hanjin Heavy Industries & Construction’s bust yard in Subic Bay in the north of the...
May 23rd, 20190Japanese shipyard giant Tsuneishi’s long-held plans to develop a ship recycling site in the Philippines have been put on hold, with local politicians on the island of Negros in the middle of the archipelago unable to get the necessary clearance for the facility. Tsuneishi, which has a shipbuilding yard on the neighbouring island of...
May 23rd, 20190Justin Trudeau has moved to end a long simmering diplomatic spat with the Philippines. Canada’s environment minister, Catherine McKenna, said yesterday that Canadian trash that has been rotting in the Philippines for nearly six years will be back on Canadian soil before the end of June. Ottawa has awarded a contract to Bolloré...
May 8th, 20190Two of the largest names in Philippine shipping have merged. Alphaliner reports that 2GO Group has undergone an internal restructuring where it has merged via a share swap with its ex-majority shareholder, Negros Navigation Co (NENACO), that previously held a 88.31% share of the listed company. 2GO has now taken control of all of...
April 9th, 20194The Philippines, the world’s dominant source of seafarers this century, is coming under severe pressure with the number of deployed crew dropping drastically last year and a host of top managers warning today that the country’s manning preeminence is under threat. Data from the Philippine Overseas Employment Administration (POEA)...
March 19th, 20190The Philippines’ largest terminal operator has outlined how it might transform the country’s biggest shipyard. International Container Terminal Services, Inc (ICTSI) is interested in taking over the bust assets of Hanjin Heavy Industries and Construction Philippines’ (HHIC-Philippines) to turn it into a multipurpose facility and...
