Genivi Verdejo

3 weeks ago | manilatimes.net | Carmela I. Huelar |Genivi Verdejo

THE International Labor Organization (ILO) has brokered an agreement within its Joint Maritime Commission to raise the global minimum monthly wage for seafarers to $690 by January 2026, a 6-percent increase from the current $673 (which took effect in January 2025). This decision, reached during negotiations in Geneva on April 14-15, 2025, is pending formal approval by the ILO Governing Body in November. The agreed terms also include subsequent increases to $704 in 2027 and $715 in 2028.

Jan 14, 2025 | manilatimes.net | Genivi Verdejo

OPERATIONAL performance at major Southeast Asian ports declined in the third quarter of 2024 despite an overall increase in container moves and larger average call sizes, according to S&P Global Market Intelligence. The S&P Global Market Intelligence findings revealed a mixed picture of higher throughput volumes and reduced vessel traffic. Register to read this story and more for free. Signing up for an account helps us improve your browsing experience.

Jan 14, 2025 | manilatimes.net | Genivi Verdejo

THE Philippine Ports Authority (PPA) has been named one of the top government employers in the Philippines, according to the Employee Job Happiness Index 2024 by Jobstreet by SEEK. The survey showed that Filipino jobseekers prioritize flexibility, company reputation and values when choosing employers. Register to read this story and more for free. Signing up for an account helps us improve your browsing experience. Continue OR See our subscription options. Already have an account?

Jan 7, 2025 | manilatimes.net | Genivi Verdejo

FITCH Ratings has upgraded its outlook for global shipping from "deteriorating" to "stable" in 2025, citing improved performance in tankers and bulk shipping despite a continued downturn in container shipping. Supply chain pressures and geopolitical risks remain key factors for the industry. "We forecast tankers and dry bulk to remain stable, with the former most likely to perform well," Fitch Ratings said.

Jan 7, 2025 | manilatimes.net | Genivi Verdejo

THE global cruise industry is on track for a steady recovery, with worldwide revenue projected to reach $44.39 billion in 2025, according to Statista's latest data. The revenue is expected to grow at a compound annual growth rate (CAGR) of 4.77 percent from 2025 to 2029, positioning the market to reach $53.49 billion by 2029. Online sales are anticipated to account for 24 percent of total revenue during this period, reflecting the sector's increasing shift toward digital platforms.