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The Philippine Economic Zone Authority (PEZA) said it is preparing its locators, particularly those who export and source goods to and from Europe, for the possible impact of trade disruption caused by attacks in the Red Sea. In a Viber message to reporters, PEZA Director General Tereso O. Panga underscored…
ATTACKS on commercial vessels in the Red Sea will put pressure on freight cost especially for cargo from Europe and Africa, according to the president of the Association of International Shipping Lines Inc. (AISL). “Those who import from Europe and Africa will be affected. It will now take longer as…
THE Association of International Shipping Lines (AISL) has expressed concerns on the ongoing reclamation projects in Manila that may result in additional shipping costs for vessels entering the port.
TRANSPORT and logistics industry leaders have supported Transportation Secretary Jaime Bautista for his entrepreneurial leadership in helping the industry navigate unique local and global challenges.
The shipping and logistics industry is on the cusp of a transformation driven by new technologies and modernization, which will have a profound impact on the Philippines' economic growth. The international shipping industry after all is the lifeblood of the global economy, responsible for the carriage of around 90 percent of world trade.