A subsidiary of listed shipping and logistics firm 2GO Group Inc. has started operations at a new container yard in Navotas City, as the company remains keen on expansion, expecting an increase in shipping volumes.
Gener Lim, president of 2GO unit Special Container and Value Added Services Inc., said in a briefing Wednesday that the company would tap new customers as it expands its existing base.
He noted that cargo capacity, as measured in twenty-foot equivalent units (or TEUs), could increase by about half this year to 600 TEUs, mainly driven by the food sector.
Special Container and Value Added Services is targeting a full-year revenue of about P722 million, Lim said.
The company is focused on supply chain services through the use of specialized containers.
Its new container yard in Navotas has an area of 6,200 square meters with a total capacity of 700 TEUs. The yard has two cargo handling equipment and a water treatment facility.
The company recently obtained 50×20-foot refrigerated containers. It also specializes in liquid transport using isotanks and flexibags, which are considered to be more efficient and cost-effective in moving large volumes of liquid compared with conventional drums.
Special Container and Value Added Services handles 50 percent of the total liquid transport market.—Miguel R. Camus