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PPA revokes 50-50 sharing agreement in cargo-handling

The Philippine Ports Authority (PPA) has revoked the 50-50 sharing agreement in arrastre fees in all ports nationwide in instances where cargo handlers (CH) uses the equipment of shipping lines in its bid to force cargo handling service operators to procure their own facilities. “In this regard, PPA MC No. 01-2009 pre­scribing the 50-50 sharing on the arrastre fees in…

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MNHPI cancels leases at NH, plans to increase rental rates

The Manila North Harbour Port, Inc. (MNHPI) has cancelled all lease agreements at the North Harbor to pave the way for the increase in all rental rates at the country’s premier but most inefficient port. MNHPI has already informed their stake­holders to make the necessary arrangements with the company in order to continue their business at the port. Latest data…

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Local carriers debunk monopoly with Nenaco’s acquisition of ATS

Local carriers expect no monopoly in the local shipping industry with the recent acquisition of Aboitiz Transport System (ATS) by Negros Navigation Co. (Nenaco). The two firms finally sealed the deal on December 28, 2010, or a month earlier than their mid-January target. The carriers claimed that the industry would remain level as the bulk of the country’s cargo traffic…