New Cavite-Metro Manila ferry service to start soon

A ferry service between Cavite and Metro Manila intended to ease congestion in the NCR is set to be operationalized by the Department of…

Chelsea income deflates 54% in first 9 months

Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC) reported a 54% decline in net income for the first nine months of 2019 to P20 million…

Chelsea subsidiary partners with Japanese firm for fleet upgrade

Kumiai Senpaku Co. Ltd., one of the largest independent shipping companies in Japan, has agreed to finance the construction and acquisition of a passenger…

Starlite Ferries introduces new Matnog-Allen swing

Starlite Ferries Inc. (Starlite), a wholly owned subsidiary of Chelsea Logistics Holdings Corp. (CLC), has launched daily services on the route between Matnog in…

CLC 2017 revenue up 140% after acquiring stake in other logistics firms

Philippine supply chain company Chelsea Logistics Holdings Corp. (CLC) has reported a net profit of P161 million in 2017, or 22% higher than the…

Competition commission deepens review of Udenna’s entry in 2GO

The Philippine Competition Commission (PCC) Mergers and Acquisitions Office (MAO) has moved on to a second phase review of Udenna Corporation’s acquisition of shares…

Chelsea Logistics announces nearly 300% income growth after 2GO purchase

Chelsea Logistics Corporation (CLC) reported a 298% surge in net income for the first nine months of 2017 to P405.7 million, up from P102…

Logistics firm Worklink is Chelsea Logistics’ latest acquisition

Chelsea Logistics Holdings Corp. (CLC) has acquired local logistics company Worklink Services, Inc. (WSI) in line with its ongoing effort to expand operations and…

Competition body oks Chelsea Logistics’ Starlite Ferries purchase

The Philippine Competition Commission (PCC) has approved Chelsea Logistics Holdings Corp.’s (CLHC) acquisition of Starlite Ferries, Inc. In decision number 29 M-036/2017 signed October…

Dennis Uy’s company to buy firm developing Clark’s Global Gateway Logistics City

Clark Global City Corporation (CGCC) will acquire the company that has leasehold rights over a 177-hectare land in Clark Freeport Zone that includes Global…

Chelsea Logistics contemplating takeover of ferry operator

Chelsea Logistics Holdings Corp. (CLC) has signed a memorandum of understanding (MOU) to buy 100% shares of stocks from the owners of ferry company…

Rescue operations ongoing for crew of sunken PH ro-ro ship

A vessel owned by domestic roll-on/roll-off (ro-ro) shipping company Starlite Ferries, Inc. sank between Puerto Galera and Maricaban Island in Mindoro on December 26…