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Chelsea Logistics Holdings Corp.

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Company Description
Chelsea Logistics Holdings Corp. (CLC) was incorporated and registered with the Securities and Exchange Commission (SEC) on August 26, 2016 as Chelsea Shipping Group Corp. primarily to act as a holding company. The Company underwent two more changes in corporate name with the recent one in 2017 when the SEC approved the change to its present name.

CLC, through its wholly-owned subsidiaries, is engaged in the shipping transport business. These two subsidiaries are Chelsea Shipping Corp., which is engaged in the maritime conveyance or carriage of petroleum products including but not limited to general cargo handling, loading, transporting, discharging and storing over waterways in the Philippines; and Trans-Asia Shipping Lines, Inc., which is engaged in transporting passengers and cargo within Philippine territorial waters and the high seas.

On March 27, 2017, CLC acquired all of Udenna Investments B.V.'s (UIBV) outstanding capital stock through a share swap agreement with Udenna Corporation. UIBV owns 80% economic interest and 39.97% of the voting rights in KGLI-NM Holdings, Inc., which holds 39.85% economic interest in and owns 60% of the voting stock in Negros Navigation Co., Inc. (Nenaco). Nenaco, in turn, owns 88.31% of 2GO Group, Inc. (2GO). Hence, CLC has a 28.15% indirect economic interest in 2GO.

As of March 31, 2017, the Company has 11 tankers, eight tugboats, seven RoPax (roll-on, roll-off with passengers and cargo), four barges, and three cargo vessels. 2GO has a separate fleet of 16 RoPax and eight cargo vessels.

Source: Prospectus (2017)
Security Information
Sector Services
Subsector Transportation Services
Corporate Life
Incorporation Date 7/17/2006
Number of Directors 9
Stockholders' Meeting as per By-Laws last Monday of March of each year
Fiscal Year 12/31 (Month/Day)
External Auditor Punongbayan & Araullo
Transfer Agent BDO Unibank, Inc. - Trust and Investments Group
Contact Information
Business Address Stella Hizon Reyes Road, Bo. Pampanga, Davao City 8000, Philippines
E-mail Address eunika.maloles@chelseashipping.ph
Telephone Number +63 82 224 5373
Fax Number
Website http://www.chelsealogistics.ph/