2GO Group Inc., also known simply as 2GO is a Philippines-based transportation and logistics company operating a fleet of inter-island passenger

ferries A ferry is a boat or ship that transports passengers, and occasionally vehicles and cargo, across a body of water. A small passenger ferry with multiple stops, like those in Venice, Italy, is sometimes referred to as a water taxi or water bus. ...

and

cargo ship A cargo ship or freighter is a merchant ship that carries cargo, goods, and materials from one port to another. Thousands of cargo carriers ply the world's List of seas, seas and Ocean, oceans each year, handling the bulk of international trade. ...

s. The top two principal shareholders of the 2GO Group are SM Investments Corp, and Trident Investments.

Company history

The first precursor company to 2GO Group Inc. began on May 26, 1949 under the corporate name William Lines, Inc. William Lines later merged with Gothong Lines and Universal Aboitiz Inc to form the William, Gothong and Aboitiz Inc. (WG&A). Eventually, the Aboitiz Transport System was formed by, first, the breakup of WG&A into

SuperFerry SuperFerry Travel & Leisure, or SuperFerry, (formerly known as Aboitiz SuperFerry and later, WG&A SuperFerry) was the passenger travel and leisure brand of the Aboitiz Transport System Corporation (ATSC) and later, Negros Navigation Co. (NENACO ...

and

Carlos A. Gothong Lines Carlos A. Gothong Lines, popularly known as CAGLI and formerly once known simply as Gothong Lines, is a cargo shipping company based in Cebu, Philippines. CAGLI was formerly a part of SuperFerry, WG&A (William, Gothong, & Aboitiz), which served ...

and then the merging of

with Cebu Ferries and SuperCat fast ferries to form the Aboitiz Transport System. On October 15, 2004, the freight businesses, (which includes freight, express, logistics and solutions) of Aboitiz Transport System were rebranded as 2GO. On December 1, 2010, Its former parent company,

Aboitiz Equity Ventures Aboitiz Equity Ventures Inc. (AEV) is a Philippine holding company based in Metro Manila, with roots from Cebu City. The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Scienc ...

and Aboitiz and Company Inc. sold the company and its brands to Negros Navigation Co. Inc. (NENACO), for US$105 million. The equity value included all the logistics and shipping businesses of the company, except its interest in its joint ventures with the

Jebsen Group Jebsen Group () is a marketing, investment, and distribution organisation founded in 1895. It is headquartered in Hong Kong with offices in mainland China and Macau. It consists of four business lines: Beverage, Consumer, Motors, and Jebsen Capita ...

of Norway. At the same time, December 2010, Negros Navigation announced that the China-Asean Investment Cooperation Fund acquired a controlling stake in the company through an equity infusion. The China-Asean Investment Cooperation Fund is a

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

-based,

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

firm wholly owned and controlled by the

Government of the People's Republic of China The government of the People's Republic of China is based on a system of people's congress within the parameters of a Unitary state, unitary communist state, in which the ruling Chinese Communist Party (CCP) enacts its policies through people's ...

. Because Negros Navigation was a

privately held firm A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is ...

the exact amount invested by the Fund was not disclosed. Later, in 2012 the company was reorganized and rebranded as 2GO Group Inc. with its brands

, SuperCat, and Cebu Ferries merged with Negros Navigation to form 2GO Travel. In 2016, SM Investments Corporation (SMIC) and Dennis Uy's Chelsea Logistics inc jointly acquired a major stake of 2GO Group Inc, owning a significant share in the company. Later, 2GO Group Inc and Negros Navigation Co. merged. In 2021, Dennis Uy’s Chelsea Logistics and Infrastructure Holdings Corporation sold its entire stake in 2GO Group to SM Investments Corporation (SMIC) making 2GO a subsidiary of SM Investments Corporation (SMIC). Later, 2GO Group started its modernization program. In 2023, it voluntarily delisted from the

Philippine Stock Exchange The Philippine Stock Exchange, Inc. (; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has ...

after successfully conducting a

tender offer In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corp ...

Operations

2GO offers multimodal transportation, warehousing and inventory management, distribution, special containers, and project logistics as well as e-commerce logistics, including last-mile deliveries, and express courier deliveries. 2GO also provides sea travel, and a wide range of peripheral logistics such as freight forwarding, import and export processing, and customs brokerage. As of December 2024, the shipping fleet owned by the company and its subsidiaries has 9 operating vessels. The fleet consists of: 8 roll-on/roll-off (RoRo)/Passenger vessels and 1 freighter. It holds assets such as 10,619 container vans 495 reefer vans, 100 ISO Tanks, 126,558 metric tons of cargo capacity, 895 truck chassis, 1,400 transportation vehicles, 39,662 pallet positions, and 136,358 SQM container yard space. It has a network of 48 warehouses, 14 hubs, 18 ports of call, 132,335 SQM warehouse space, 2,977 SQM hubs space, and almost 3,000 outlets.

Current fleet

2GO Travel

* 2GO Masagana * 2GO Maligaya * 2GO Masigla * 2GO Masinag * 2GO Masikap *St. Michael the Archangel *St. Francis Xavier *St. Ignatius of Loyola

2GO Freight

*San Rafael Dos

MCC Transport

MCC Transport Philippines Inc. (MCCP) was a joint venture between Sealand Maersk Pte Ltd, Mercantile Ocean Maritime Co (Filipinas) Inc, and 2GO Group Inc. *MCC Gigantes *MCC Batanes *MCC Palawan

Notes

References

External links

{{Commons category
2GO Group official website
SM Investments Logistics companies of the Philippines Shipping companies of the Philippines Companies listed on the Philippine Stock Exchange Companies based in Pasay