MANILA - Aimed at attaining more streamlined and efficient customs processes and procedures, the Bureau of Customs (BOC) developed and implemented 31 Information Communication Technology (ICT) projects and systems as of December 2021 and further aims to fully automate its frontline transactions. Foremost is the Automated Bonds Management System (ABMS) which monitors the status of bonds from their posting up to their cancellation and expedites the settlement or collection of due and demandable bonds. It is a bureau-wide system for processing bond transactions, monitoring and aging bond balances, and flagging those that have matured. The ABMS was first implemented at Port of Manila on Aug. 11, 2021 Another program is the Authorized Economic Operator (AEO) Online Portal which can be used by stakeholders in applying for the AEO Program. Implemented on Aug. 25, 2021, it caters to online submission, processing, and approval of AEO applications of importers and exporters The BOC also successf
December looks like another bullish month for container freight rates, with increasing supply constraints caused by global concern over the new Omicron variant. With high demand for goods in the quarter ahead of the year end festive period, coupled with the existing congestion in the supply chain, the market remains historically expensive with little prospect .
Pushing through October we saw what was fairly predictable levels of volatility crossing through Golden Week (seeing the FBX01 route come off by $3,029 and immediately recovering $628) and fresh congestion into the US West Coast on the back of a rush of cargo, bringing the total ships at anchor at LA/Long Beach ports beyond .
Amazon.com Inc said on Monday it had doubled its container processing capacity and secured more shipping storage from ocean freight carriers to try to overcome supply chain bottlenecks in time for the holiday shopping season.