Chelsea Logistics Holdings Corp., the transport and logistics company of businessman Dennis Uy, is upbeat about the growth outlook this year with the expansion of its fleet and additional routes.
“Our strategic acquisitions have positioned CLC to harness the opportunities brought about by continued growth of commerce within and outside the archipelago,” Chelsea president and chief executive Chryss Alfonsus Damuy said.
“As soon as our newly acquired vessels could go full speed, we will be able to cater to even more businesses, passengers and consumers in more routes. This will subsequently boost and strengthen our capacity to invest more and realize bigger gains,” he added.
The company added one medium ranger tanker, five tugboats, six cargo freight vessels, 15 roll-on/roll-off and passenger (RoPax) vessels, and one floating dock to what was already the country’s biggest shipping fleet since its listing on the Philippine Stock Exchange on August 8, 2017.
Its fleet now comprises 16 tankers, 14 tugboats, 22 RoPax, 11 cargo vessels and one floating dock operated by Chelsea Shipping Corp., Trans-Asia Shipping Lines Inc., and Starlite Ferries Inc., while 2GO Group operates eight RoPax vessels, five cargo vessels and 11 fast crafts.
Chelsea also expanded its reach in passenger shipping, plying more routes across the archipelago. Starlite Ferries Inc. earlier this year started serving the Allen, Northern Samar–Matnog, Sorsogon–Allen, Northern Samar route. Starlite Ferries Inc. and Trans-Asia Shipping Lines, Inc. are securing regulatory permits to operate into additional routes.
“Our vision to become the finest shipping and logistics company known for its unrivaled customer service has guided our endeavors in the past year,” Chelsea founder and chairman Dennis Uy said.
“As we sail further, we remain focused on realizing our goals. We will continue growing our capacity and reach to realize more value for our investors, better serve our customers and contribute bigger to our economy,” he added.
The company reported a net income of P360 million in the first half of the year, up 29 percent from P278 million on year.
