Philippine company Magsaysay Transport and Logistics Corp. (MTLC) expects growth of up to 5% for the year despite continued slowdown in economic activity.
“Our business outlook is still the same as last year, very conservative,” MLTC president Roberto Umali said in a recent interview.
“Growth areas are still very limited although this year would be much better than last year but not as good as 2010,” Umali added.
MLTC owns cargo carriers Lorenzo Shipping Corp (LSC) and NMC Container Lines and so far has no plans of folding the two into one firm.
Some operations have, however, been integrated, with LSC and MNC now sharing common container yards in Cebu, General Santos and Davao.
LSC owns and operates a fleet of seven vessels deployed to the key ports in Manila, Visayas and Mindanao. Vessels have a capacity ranging from 200 twenty-foot equivalent units to 426 TEUs with speeds of 11 to 15 knots.
NMC operates in six of the country’s major economic ports – Manila, Batangas, Cebu, Cagayan de Oro, Davao and General Santos.
Last year, LSC and NMC formed a joint venture — One Team Services, Inc — to handle the companies’ cargo-handling chores.
Photo from http://www.magsaysay-logistics.com/our_company.aspx?p_id=7&catg_id=&operation_id=&id=88
