BOC seizes 402 smuggled balikbayan boxes
Written by: Evelyn Macairan of Philippine Star
To prove that balikbayan boxes are being used for smuggling, the Bureau of Customs (BOC) seized 402 alleged undeclared balikbayan boxes filled with assorted goods from Singapore.
Posted on 16 Sep 2015 by Editor
China highlights efficiencies from integration of Customs clearance processing
Posted by Romelda Ascutia on September 14, 2015
As of August 5, Northeast China has been implementing the Customs Regional Clearance Integration (RCI) for 100 days, to the benefit of more than 40,000 foreign trade companies, according to a release by China’s General Administration of Customs.
Posted on 15 Sep 2015 by Editor
US-Asia box lines attempt ‘phased’ rate hikes October-December
Posted by Romelda Ascutia on September 9, 2015
Box carriers on the U.S.-Asia export trade lane announced plans to impose gradual rate increases from early October as part of their attempt to raise freight rates that are currently hovering “at or near below-cost levels,” according to the Transpacific Stabilization Agreement (TSA).
Posted on 10 Sep 2015 by Editor
BOC affirms xray inspection for balikbayan boxes under revised rules
Posted by Liza Almonte on September 3, 2015
The Bureau of Customs (BOC) has issued revised rules on balikbayan box shipments, subjecting them to mandatory x-ray scanning instead of arbitrary physical inspection.
Posted on 04 Sep 2015 by Editor
CMA CGM cultivates 66% profit hike despite freight rate plunge
Posted by Romelda Ascutia on September 2, 2015
France’s CMA CGM group, the world’s third largest container line, logged a net profit of US$156 million in the second quarter, up 66.7% on second-quarter 2014, buoyed by a rise in volume and decreasing oil prices that offset the impact of sliding freight rates.
Posted on 02 Sep 2015 by Editor
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