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    Maersk sells Estonian steel unit MAERSK Filipinas managing director Jesper Dalgaard Larsen examines a replica of a company vessel displayed at its Makati offices. While Maersk in the Philippines expects more business from banana and furniture exports, its Lindoe shipyard in Denmark agreed to sell its Estonian steel unit Balti ES Ltd. to Finland’s Cargotec Oyj, the world’s biggest maker of container-lifting gear for an undisclosed price. --Bloomberg


    Inbound shipment program begins
    By VG Cabuag
    Reporter

    BY Friday, the Philippine government will be able to determine the contents of shipments 12 hours before they arrive at the country’s ports, thanks to an amended order issued and approved by the Department of Finance.

    The said order, an amendment of an earlier regulation issued by the Bureau of Customs (BOC), required all shipping liners, nonvessel operating common carriers, cargo consolidators, coloaders, and break-bulk agents to submit data regarding vessels and their cargoes a dozen hours prior to their arrival.

    Indicated in the amended Customs Administrative Order 1-2007, the advance inward foreign manifest is among the new requirements imposed by the BOC in its efforts to collect more revenues for the national government.

    Customs Commissioner Napoleon L. Morales said on Wednesday that the agency had to wait for the finance department’s approval to prevent foreign shipping vessels from directly submitting its data to government since the process, which would cost P1 billion, was deemed too expensive for government to implement.

    According to the amended order, carriers and forwarders will have to submit its data to BOC-accredited value added service providers, who will also serve as the Customs frontline staff when transacting with the public.

    Although the move to hire service providers was meant to modernize the bureau’s operations, the BOC has yet to accredit entities which will provide such services.

    Currently, four information technology companies are undergoing a technical evaluation. These are Intercommerce Network Solutions, CDEC, E-Konek and Crimson Logic.

    The bureau is also expected to impose a slew of other requirements for shippers and carriers later in the year. Besides being part of its operational upgrade, the new requirements are seen to help boost its revenue collections. The national government intends to balance the budget before President Arroyo steps down in 2010.

    OTHER STORIES
    Inbound shipment program begins

    BY Friday, the Philippine government will be able to determine the contents of shipments 12 hours before they arrive at the country’s ports, thanks to an amended order issued and approved by the Department of Finance.

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    Fire unable to delay shipping modernization

    THE Philippine government’s plans to modernize the country’s shipping industry will proceed as scheduled despite a fire, which razed the Manila offices of the Maritime Industry Authority (Marina).

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    Singapore to build its first UK facility

    SINGAPORE—PSA International Pte, the world’s second-largest container port operator, will build its first terminal in the UK partnering International Port Holdings to gain access to Europe’s second-biggest economy.

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