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Lite Ferries
Lite Shipping Corporation, is a Cebu City, Cebu-based shipping line, that operates the Lite Ferries, a brand consisting of a fleet of 28 ships. The corporation has its origins from Bohol, and is the flagship company of Lite Holdings, Inc. At present, the corporation also owns and manages Danilo Lines, Inc. and Sunline Shipping Corporation. History The company was a wholly owned subsidiary of Lirio Enterprises, Inc., a general trading firm doing business nationwide. It started as a shipping division of the mother company in the middle of 1988 when it bought two vessels - the MV Sto. Niño de Soledad, a 500-ton DWT capacity steel-hulled vessel and the MV Sto. Niño, a wooden hull 200-ton capacity vessel. Initially, the cargo loaded was mostly goods traded by Lirio Enterprises, Inc. like salt, rice, cement, fertilizers, sugar, etc. Sometimes they would accept other cargoes for backload when the occasion demands it. This shipping division was spun off as a separate shipping corpor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
