Nenaco

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Nenaco buys new vessel dubbed as the biggest Fun Ship

Domestic shipping giant Negros Navigation Co. (Nenaco) has purchased another vessel to further improve its fleet and maintain its lead over its nearest counterpart. The new vessel is also expected to increase the capacity of its passage sector as well as the capacity of its cargo sector wherein Nenaco is focusing at the moment. According to Nenaco chair Sulficio Tagud,…


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Local carriers debunk monopoly with Nenaco’s acquisition of ATS

Local carriers expect no monopoly in the local shipping industry with the recent acquisition of Aboitiz Transport System (ATS) by Negros Navigation Co. (Nenaco). The two firms finally sealed the deal on December 28, 2010, or a month earlier than their mid-January target. The carriers claimed that the industry would remain level as the bulk of the country’s cargo traffic…