Batangas-based Starlite Ferries, owned and operated by Chelsea Logistics Holdings Corp. is planning to invest P1.1 billion for its domestic shipping operations including servicing the Cebu-Cagayan de Oro-Cebu route.

This is based on records from the Board of Investments (BOI) according to Trade Secretary and BOI Chairman Ramon Lopez.

Interestingly, if this will materialize, it will compete with Trans-Asia Shipping Lines Inc. (TASLI) which is also managed by Chelsea Logistics Holdings Corp.

Read more details at BOI’s press release HERE.

Facebook Comments