Philippine-listed International Container Terminal Services Inc. (ICTSI) reported a 14% year-on-year increase in first-quarter net income to US$239.54 million, supported by strong volume growth and higher revenues across its global operations. Revenues from port operations rose 17% to US$745.42 million in the three months ended March 31, 2025, up from US$637.65 million a year earlier, … Read more
The Asian Development Bank (ADB) has approved a $1.45 billion loan as the second and final tranche of its financing facility for the Malolos–Clark Railway Project (MCRP), a flagship initiative that aims to connect northern and southern Luzon to Metro Manila through a safe and climate-resilient mass transit system. The MCRP is a 53.1-kilometer stretch … Read more
Global shipping firm Maersk announced a change of terminal in Hong Kong for its J Star service, switching from Hong Kong Modern Terminals to Hong Kong International Terminal. The company said in a statement dated April 14, 2025, that the move is aimed at maintaining the integrity of its service offerings and enhancing them further. … Read more
Shipping giant Maersk announced on Monday an update to its Weight Discrepancy Fee (WDF) rules for the Asia Pacific region, effective immediately. The company said in a statement that the revision, dated April 14, 2025, aims to further enhance the safety of its operations and improve the reliability of its network. The WDF, which was … Read more