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2GO Group, Inc. (branded as 2GO) is a Philippine logistics and transportation company engaged in freight shipping, courier and parcel delivery, warehousing, inventory management, distribution, and passenger sea travel. It operates a fleet of ten inter-island vessels transporting cargo and passengers across domestic routes in the Philippines.

Key Information

The company traces its roots to William Lines, Inc., which was established on May 26, 1949. William Lines grew to become one of the largest shipping companies in the Philippines during the 1970s to the 1990s, before eventually merging with other domestic shipping firms that later formed what is now known as 2GO Group, Inc.

2GO is a subsidiary of SM Investments Corporation (SMIC), one of the country’s largest conglomerates. Another principal shareholder is Trident Investments.

Company history

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The company traces its roots to William Lines, Inc., which began as a shipping business founded by William Chiongbian on December 13, 1945, in Cebu City. He named one of its first vessels, the MV Victoriano, after his father; the ship made its maiden voyage serving the routes from Cebu to Tagbilaran, Bohol, and Siquijor, then to Plaridel and Ozamiz.[10] The company was later incorporated on May 26, 1949.[11] From the 1970s to the 1990s, the company introduced several flagship vessels, including MV Cebu City (1972), MV Doña Virginia (1980), and MV Sugbu (1989), and grew to become one of the largest shipping companies in the Philippines during that period.

In the 1990s, William Lines introduced the Mabuhay Series, comprising the company’s largest and most luxurious vessels, designed to compete with rival fleets, including Sulpicio Lines and Aboitiz’s SuperFerry ships. The first ship of the series, the Wilines Mabuhay 1, was acquired from Japan and was part of the well-known Sunflower series of vessels. Subsequently, William Lines added more ships to the Mabuhay Series, including Mabuhay 2, 3, 5, and 6.

In December of 1995, William Lines acquired the assets of Gothong Lines and Aboitiz Shipping Corporation through a ₱5.68 billion share-swap deal, issuing new William Lines shares to the two companies in exchange for their shipping properties. The merger consolidated the operations of the three shipping firms, forming William, Gothong and Aboitiz Inc. (WG&A), which became the largest domestic shipping company in the Philippines.

The WG&A fleet was organized into three categories. SuperFerry, a brand carried over from Aboitiz Shipping, comprised the company’s largest and most luxurious ships, primarily serving routes from Manila. This included vessels from William Lines’ Mabuhay Series; Mabuhay 1, 2, 3, and 5'. The remaining ships that did not meet SuperFerry standards were designated as WG&A Ferries, which also primarily served Manila-based routes. The other is Cebu Ferries, created during the merger, operated smaller vessels primarily serving routes from Cebu to the Visayas–Mindanao region.

Eventually in 2002 to 2004, Aboitiz Equity Ventures Inc. (AEV), one of the company's major shareholders, bought out its partners in WG&A for about ₱3.65 billion. AEV acquired 918 million shares, equivalent to approximately 61 percent of the shipping company. Aboitiz eventually bought out the remaining shares of the Chiongbians (William Lines) and Gothong.

The partnership was later dissolved, leading to the formation of the Aboitiz Transport System, which unified the operations of SuperFerry, Cebu Ferries, and SuperCat.[12]

On December 1, 2010, Aboitiz Equity Ventures sold its transport business to Negros Navigation Co., Inc. (NENACO) for US$105 million, transferring all logistics and shipping operations under new ownership.[11][12] At the same time, the China–ASEAN Investment Cooperation Fund, a Netherlands-based[a] private equity firm owned by the Government of the People's Republic of China, acquired a controlling stake in NENACO through an equity infusion.[14][12][15][16]

In 2012, the company was reorganized and rebranded as 2GO Group Inc. with its brands SuperFerry, SuperCat, and Cebu Ferries merged with Negros Navigation to form 2GO Travel.

In 2016, SM Investments Corporation (SMIC) and Chelsea Logistics and Infrastructure Holdings Corp. (owned by Dennis Uy) jointly acquired a major stake in 2GO Group Inc. In 2021, Chelsea Logistics sold its shares to SMIC, making 2GO a full subsidiary of SM Investments Corporation.

In 2023, 2GO Group voluntarily delisted from the Philippine Stock Exchange after completing a tender offer and began a modernization program focusing on logistics, freight, and passenger transport.

Operations

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MV 2GO Maligaya
Cargo ship of 2GO Freight, part of the 2GO Group
Logo under the "2GO" brand

2GO and its subsidiaries (collectively referred to as the Group) provide shipping, logistics, and distribution services to small and medium enterprises, large corporations, and government agencies throughout the Philippines. The Group operates under its flagship brand, 2GO.

The Group’s shipping operations manage inter-island roll-on/roll-off (RoRo) freight and passenger vessels. Its logistics arm offers transportation, warehousing, and distribution services, including cold chain solutions, domestic and international ocean and air forwarding, customs brokerage, project logistics, and express and last-mile package and e-commerce delivery. The distribution segment complements these operations by leveraging 2GO’s shipping and logistics capabilities to provide value-added distribution services to principals and customers.[17]

Business units

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  • Sea Solutions – Operates under the brands 2GO Freight and 2GO Travel.
    • 2GO Freight provides door-to-door and pier-to-pier transportation of raw materials and finished goods via full container load (FCL), less-than-container load (LCL), and loose cargo shipments, using a fleet of roll-on/roll-off (RoRo) passenger-cargo vessels (RoPax).
    • 2GO Travel offers passenger sea transportation nationwide, providing affordable travel with hotel, tour, and event packages.
  • Distribution – Operates under ScanAsia Overseas Inc. (SOI), providing nationwide product distribution to retail outlets. SOI originally focused on dairy products and later expanded to fast-moving consumer goods (FMCG) and pharmaceuticals. The Board approved the cessation of Scanasia Overseas, Inc. operations effective 31 March 2024.

Subsidiaries

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  • 2GO Express, Inc. – Provides land, air, and sea transportation including courier services, general cargo, sea cargo services, and last-mile delivery for e-commerce. It operates a nationwide network of retail outlets and partner agents and partners with FedEx for international express services.
    • 2GO Logistics, Inc. – Provides transportation, warehousing, cross-docking, trucking, domestic freight, and inventory management solutions nationwide.
    • Kerry Logistics (Phils.), Inc. (KLPI) – A joint venture with Kerry Logistics Network Limited of Hong Kong, offering domestic and international freight forwarding, warehousing, distribution, customs brokerage, project logistics, and handling of dangerous goods.
    • 2GO Land Transport, Inc. – Provides cargo hauling and forwarding via trucks, container vans, and closed vans.
    • 2GO Retail – Offers domestic parcel delivery, FedEx international services, and 2GO Travel ticket sales through retail outlets and partner agents.
  • Special Container and Value Added Services, Inc. (SCVASI) – Provides cold chain and liquid bulk transport solutions, including temperature-controlled vans and ISO tanks for FCL and LCL shipments, as well as project logistics for industries such as infrastructure, power, telecommunications, mining, and property.

2GO operates passenger and freight services connecting major ports across the Philippines, linking Luzon, the Visayas, and Mindanao. Its vessels serve routes to and from Bacolod, Batangas, Butuan, Cagayan de Oro, Caticlan, Cebu, Coron, Davao, Dipolog, Dumaguete, General Santos, Iloilo, Manila, Odiongan, Ozamiz, Puerto Princesa, Roxas, Siargao, Tagbilaran, and Zamboanga.

Fleet

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Current fleet

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As of November 2025, 2GO and its subsidiaries own and operate a fleet of ten operating vessels, consisting of nine RoRo/Pax vessels and one freighter. 2GO’s operating vessel fleet has a combined Gross Tonnage of approximately 159,295.

Currently, 2GO operates seven large RoRo/Pax vessels calling on Manila as their homeport. These vessels sail from Luzon to Visayas and Mindanao. Furthermore, 2GO operates two medium- sized vessels with Batangas as their homeport, plying on the Batangas-Odiongan-Caticlan and the Batangas-Caticlan-Roxas routes. 2GO also operates one purely-cargo vessel, with Manila as its homeport, to complement its freight business.

The company's flagship is currently the MV 2GO Masagana and MV 2GO Maligaya, one of the largest vessels ever to sail in the Philippines.

2GO's fleet includes two series of ships:

  • The M Series (e.g., 2GO Maligaya, 2GO Masagana), named after Filipino words beginning with "Ma" that represent positive traits and attitudes of the Filipino people.)
  • The S Series (e.g., St. Michael the Archangel, St. Francis Xavier), named after Roman Catholic saints.)

Passenger Vessels

Name (Acronym) IMO number Series Launched Builder Philippine maiden voyage Original Filipino operator Gross tonnage Length Beam Speed Notes Image Refs Routes
2GO Masagana (MSN) 9263162 M Series June 12, 2003 Mitsubishi Heavy Industries (Shimonoseki, Japan) August 1, 2021 29,046 195 m (640 ft) 26 m (85 ft) 23 knots (43 km/h; 26 mph) max
Further information: 2GO Masagana
She is first known as Tsukushi (Japanese: つくし) for the Japanese operator Hankyu Ferry In March 2021, She was sold to 2GO. She is the sister ship of M/V 2GO Maligaya The sister ships became the largest Ropax vessels in the Philippines, beating the previous record holder.
M/V "2GO Masagana" while loading passengers and cargo at Manila North Harbor.
 [18][19][20][21][22] Manila - Cebu - Cagayan De Oro - Cebu - Manila Every Sunday 9:00 AM and Wednesday 9:00 PM
2GO Maligaya (MLG) 9263150 M Series March 27, 2003 Mitsubishi Heavy Industries (Shimonoseki, Japan) May 30, 2021 29,046 195 m (640 ft) 26 m (85 ft) 23 knots (43 km/h; 26 mph) max
Further information: 2GO Maligaya
She started her career in Japan as Yamato (Japanese: やまと) for Hankyu Ferry In 2020, Stena RoRo acquired her and was renamed to M/V Stena Nova In 2021 she was subsequently sold to 2GO Travel and was renamed as M/V "2GO Maligaya" [23] She is the sister ship of MV 2GO Masagana".
MV "2GO Maligaya's" maiden voyage to Cebu City.
 [24][23][25][26][27][28] Manila - Bacolod - Iloilo - Cagayan De Oro - Iloilo - Manila (Every Tuesday 12:30 PM)

Manila - Iloilo - Bacolod - Manila (Every Saturday 7:00 PM)

2GO Masigla (MAS) 9202833 M Series July 27, 1999 Imabari Shipbuilding (Imabari, Japan) March 23, 2024 9,975 163.75 m (537.2 ft) 26 m (85 ft) 20 knots (37 km/h; 23 mph) max
Further information: 2GO Masigla
She started life as "Orange 8" (Japanese: おれんじ8) of the Shikoku Orange Ferry Ltd. of Japan. She was later acquired by MS Ferry in South Korea and was renamed "New Star" until 2023 when she was acquired by 2GO.
M/V "2GO Masigla" on anchor at Manila Bay.
 [29][30][31][32] Manila - Cebu - Tagbilaran - Manila (Every Tuesday 5:00 AM)

Manila - Bacolod - Cagayan De Oro - Bacolod - Manila (Every Friday 5:00 AM)

2GO Masikap (MSK) 9258404 M Series September 3, 2002 Mitsubishi Heavy Industries (Shimonoseki, Japan) February 13, 2024 19,659 167 m (548 ft) 26 m (85 ft) 21 knots (39 km/h; 24 mph) max
Further information: 2GO Masikap
She was originally known as "Ferry Kyoto 2" (Japanese: フェリーきょうとII) of the Meimon Taiyo Ferry Co. Ltd. of Japan. In 2022, she was acquired by South Korean ferry operator Hanil Express and was named "Hanil Car Ferry no. 1" and later, "Blue Pearl" (Korean: 블루펄) In 2023 was sold to 2GO alongside MV 2GO Masigla. And she was renamed to "MV 2GO Magalang". And later, "2GO Masikap"' She is the sistership of "MV 2GO Masinag"
M/V "2GO Masikap" anchored at Manila Bay.
 [33][34][35][36][37][38] Manila - Davao - General Santos - Iloilo - Manila (Every Sunday 3:00 PM)

Manila - General Santos - Davao - Cebu - Manila (Every Friday 11:00 PM)

Manila - Cebu - Manila (Every Thursday 11:00 AM)

2GO Masinag (MNG) 9258416 M Series June 14, 2002 Mitsubishi Heavy Industries (Shimonoseki, Japan) August 13, 2024 19,659 167 m (548 ft) 26 m (85 ft) 20 knots (37 km/h; 23 mph) max
Further information: 2GO Masinag
She was originally known as "Ferry Fukuoka 2" (Japanese: フェリーふくおか2) of the Japanese operator Meimon Taiyo Ferry Co. Ltd. until 2022. When she was acquired by a South Korean ferry operator SeaWorld Express Ferry Co. and was named "Queen Mary 2" (Korean: 퀸메리2) She was acquired by 2GO in 2024.

She is the sistership of MV 2GO Masikap

M/V "2GO Masinag" anchored at Manila Bay.
 [39][40][41] Manila - Davao - General Santos - Iloilo - Manila (Every Sunday 3:00 PM)

Manila - General Santos - Davao - Cebu - Manila (Every Friday 11:00 PM)

Manila - Cebu - Manila (Every Thursday 11:00 AM)

St. Michael the Archangel (SMA) 9000455 S Series July 23, 1990 Shin Kurushima Dockyard - Onishi Plant (Imabari, Japan) May 17, 2011 17,781 150 m (490 ft) 25 m (82 ft) 17 knots (31 km/h; 20 mph) max Also known as MV 2GO St. Michael the Archangel, She was initially acquired by Negros Navigation in 2011 as their newest (and final) flagship. Before her service in the Philippines, she first served in Japan as the Blue Diamond (Japanese: ブルーダイヤモンド) for Diamond Ferry and in South Korea as Queen Mary for Seaworld Express Ferry. She is the sister ship of MV St. Francis Xavier, also acquired by 2GO in 2014.
M/V "St. Michael the Arch Angel" Docked at Iloilo Port.
 Manila - Dumaguete - Dipolog (Dapitan) - Zamboanga - Manila (Every Sunday 9:30 PM)

Manila - Batangas - Iloilo - Bacolod - Manila (Every Thursday 9:30 PM)

St. Francis Xavier (SFX) 8847595 S Series February 5, 1991 Shin Kurushima Dockyard - Onishi Plant (Imabari, Japan) March 19, 2014 11,191 150.87 m (495.0 ft) 25 m (82 ft) 17 knots (31 km/h; 20 mph) max Also known as MV 2GO St. Francis Xavier, She was first known as the Star Diamond (Japanese: スターダイヤモンド) for the Japanese operator Diamond Ferry. Later, she was sold to overseas operators and was named Jiadong Pearl for the Chinese operator Northeast Asia Ferry & Gwangyang Beech for the Korean operator Gwangyang Ferry before being acquired by 2GO in 2014, as their first major acquisition since the company's foundation in 2012. She is the sister ship of MV St. Michael the Archangel, previously acquired by Negros Navigation in 2011.
MV "St. Francis Xavier"
 [42][43] Manila - Ozamiz - Butuan (Nasipit) - Manila (Every Monday 6:30 PM)

Manila - Coron - Puerto Princesa - Coron - Manila (Every Friday 5:30 PM)

St. Ignatius of Loyola (SIL) 8805157 S Series October 1, 1988 Naikai Ship Building (Setoda, Japan) December 24, 2010 2,825 104 m (341 ft) 16 m (52 ft) 15 knots (28 km/h; 17 mph) max Also known as MV 2GO St. Ignatius of Loyola, She started her career in Japan as Esan for Donan Jidosha Ferry as a RORO car ferry. She was acquired in 2010 by Aboitiz Transport System thru Cebu Ferries, which is in the middle of their re-fleeting that time. The ferry was then renamed MV Cebu Ferry 3 and modified with an addition of passenger accommodations. Later, she was transferred to 2GO in 2012.
M/V "St. Ignatius of Loyola"
 Batangas - Caticlan - Roxas - Caticlan - Batangas (Every Monday, Wednesday, Friday, and Sunday 9:00 PM)

Batangas - Odiongan - Caticlan - Odiongan - Manila (Every Tuesday, Thursday and Saturday 9:00 PM)

St. Augustine of Hippo (SAH) 8815530 S Series March 23, 1989 Shinhama Dockyard (Tamano, Japan) 2009 2,487 92 m (302 ft) 16 m (52 ft) 15 knots (28 km/h; 17 mph) max Also known as MV 2GO St. Augustine of Hippo, She was first served as Ferry Kumano for Nankai Ferry in Japan. In 2007, She was acquired by Aboitiz Transport System using their Cebu Ferries brand for their re-fleeting program, and as a result, she was named MV Cebu Ferry 1 before being transferred to 2GO in 2012.
M/V "St. Augustine of Hippo"
 Batangas - Caticlan - Roxas - Caticlan - Batangas (Every Monday, Wednesday, Friday and Sunday 9:00 PM)

Batangas - Odiongan - Caticlan - Odiongan - Manila (Every Tuesday, Thursday and Saturday 9:00 PM)

Cargo Vessels

Name (Acronym) IMO number Series Launched Builder Philippine maiden voyage Original Filipino operator Gross tonnage Length Beam Speed Notes Image Refs
San Rafael Dos (SR2) 8513417 S Series 1985 Taihei Kogyo (Hiroshima, Japan) 2009 7,337 117.97 m (387.0 ft) 19.21 m (63.0 ft) 15 knots (28 km/h; 17 mph) max She was formerly known as "Kyowa Violet" before being acquired by Negros Navigation in 2009. She was later transferred to 2GO in 2012. Currently, she is the only cargo ship of 2GO. It operates without fixed routes and is deployed for special logistics needs such as project cargo, agricultural supply chains, and humanitarian operations.
M/V "San Rafael Dos" Docked in Manila North Harbor.

MCC Transport

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MCC Transport Philippines Inc. (MCCP) is 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

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References

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[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

2GO Group

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from Grokipedia

2GO Group, Inc. is a Philippine and transportation company providing integrated end-to-end solutions, including sea freight, passenger ferry services, and warehousing. Founded in 1949 as William Lines, Inc., it expanded through mergers such as with Negros Navigation and Aboitiz Transport System, rebranding to 2GO in 2012. As a of Corporation, it operates the largest network of this kind in the , connecting islands via its fleet of vessels under brands like 2GO Travel. The company serves key sectors including retail, , and through business units such as 2GO Freight for handling, 2GO for distribution, and 2GO Express for parcel delivery, emphasizing reliability across domestic routes. Notable achievements include industry awards for performance in shipping and , such as recognitions from for outstanding supplier contributions. A significant controversy arose in 2017 when prior management was implicated in accounting irregularities leading to overstated profits and SEC investigations, resulting in financial restatements and potential fines, though operations continued under new leadership.

History

Founding and Early Development

The precursor to 2GO Group originated with William Lines, established by William L. Chiongbian on December 13, 1945, at the close of , when inter-island shipping in the was rebuilding amid surplus vessels and demand for cargo and passenger transport. Chiongbian, born on December 7, 1914, in , began operations with a single acquired vessel, focusing on routes from to and southern ports to capitalize on post-war trade recovery. This venture addressed acute transportation needs in a archipelago nation where maritime links were essential for commerce and mobility. William Lines was formally incorporated as William Lines, Inc. on May 26, 1949, marking its transition from a proprietorship to a structured corporation headquartered in , with an emphasis on passenger-cargo services using modest tonnage vessels suited for domestic routes. Early growth involved fleet augmentation through purchases of war-repurposed ships, enabling expansion into regular liner services across and , where the company competed with established operators by offering reliable, affordable connectivity. By the 1950s, William Lines had solidified its position as a key player in the nascent Philippine shipping industry, handling bulk commodities like and passengers, while navigating regulatory hurdles including Chiongbian's successful defense of his citizenship and vessel ownership rights against nationality-based challenges. The company's early development emphasized operational resilience, with incremental investments in vessel maintenance and route optimization to meet rising demand from and , laying the groundwork for later scale-up before subsequent mergers reshaped its structure. This phase established William Lines' reputation for efficiency in a competitive, capital-intensive sector prone to risks like typhoons and mechanical failures.

Mergers, Acquisitions, and Restructuring

In 2012, 2GO Group Inc. was reorganized through the consolidation of passenger ferry operations from subsidiaries of the former Aboitiz Transport System— including , Cebu Ferries, and SuperCat— with Negros Navigation Co., Inc. (NENACO), forming the integrated brand 2GO Travel as part of a broader to streamline shipping services under SM Group management. Ownership shifts began in 2017 when SM Investments Corporation (SMIC) acquired a 34.5% stake in 2GO's parent entity, Negros Navigation, for approximately $124.5 million, marking its initial entry into the logistics firm. This was followed by further consolidation, as SMIC increased its holdings through a tender offer and direct purchases, culminating in the 2021 divestment by Chelsea Logistics and Infrastructure Holdings Corp.—controlled by businessman Dennis Uy—which sold its 31.73% stake in 2GO at P8.50 per share, transferring control to SMIC and raising its ownership to 52.85%. A significant internal occurred in 2018–2019, when 2GO Group's board approved the merger with NENACO via a share swap, with 2GO as the surviving entity; the transaction, aimed at simplifying the corporate structure, was ratified by stockholders in 2019. In 2023, SMIC conducted a acquiring an additional 14.32% stake for P5.2 billion, further solidifying its majority position. On the operational front, 2GO absorbed its wholly owned subsidiary Special Container and Value Added Services Inc. (SCVASI) in March 2023 to integrate functions more efficiently. The group also pursued asset acquisitions, including two vessels in December 2023 at a total cost of P1.1846 billion, enhancing its maritime capacity amid expansion efforts.

Ownership Changes and Modern Era

In 2017, Corporation (SMIC) entered the logistics sector by acquiring a 34.5% stake in 2GO Group Inc.'s parent company for approximately $124.5 million, marking its initial significant involvement in the firm's ownership structure. This transaction positioned SMIC as a key shareholder alongside existing interests, including those from Chelsea Logistics and Infrastructure Holdings Corp., which held substantial shares prior to . By June 2021, SMIC solidified its control through the completion of a share purchase from Chelsea Logistics, acquiring an additional 31.73% stake and elevating its total ownership to 52.85%, thereby establishing majority control over 2GO. This shift followed a to minority shareholders and reflected SMIC's to consolidate holdings in transportation and amid post-pandemic recovery demands. In April 2023, SMIC further increased its stake by purchasing an additional 14.32% for 5.2 billion, bringing its ownership to approximately 67% and reinforcing 2GO's alignment with the Sy family's conglomerate interests in banking, , and retail. Under SMIC's majority ownership, 2GO underwent internal restructuring, including the 2018 merger with Negros Navigation Co., Inc., where 2GO emerged as the surviving entity to streamline operations and achieve cost efficiencies through simplified corporate structure. In March 2023, 2GO absorbed its wholly-owned subsidiary Special Container and Value Added Services Inc. (SCVASI) to integrate logistics capabilities and enhance service continuity without disrupting trade relationships. In the , 2GO has focused on operational modernization and expansion, investing around PHP 150 million in upgrades to support multimodal growth. Key initiatives include launching new shipping routes, broadening and ISO tank services to additional destinations, and introducing advanced solutions to connect regional economies more effectively. For 2025, the company anticipates sustained expansion through route enhancements, service innovations, and strengthened , building on recovery from disruptions.

Corporate Structure and Governance

Ownership and Subsidiaries

2GO Group, Inc. is primarily owned by SM Investments Corporation (SMIC) and Trident Investments Holdings Pte. Ltd., following its voluntary delisting from the (PSE) effective July 17, 2023. The delisting was initiated by these major shareholders through a that consolidated ownership of the company's outstanding capital stock. Prior to the delisting, as of December 31, 2021, SMIC held 52.85% of 2GO's shares, establishing it as the controlling entity. Post-delisting, 2GO operates as a under SMIC's strategic oversight, which views it as a core component of its portfolio. The company maintains a network of subsidiaries focused on specialized logistics, transportation, and supply chain services, enabling integrated operations across sea, land, and air modalities. Key subsidiaries include:
  • 2GO Express, Inc.: Handles courier, express delivery, and multimodal transportation services, including last-mile distribution.
  • 2GO Logistics, Inc.: Provides warehousing, distribution, and supply chain management solutions.
  • Special Containers and Value Added Services, Inc. (SCVASI): Offers custom brokerage, special container handling, and value-added logistics such as project cargo management; in February 2025, it expanded into full-service customs brokerage.
  • Scanasia Overseas, Inc.: Manages international freight forwarding and overseas logistics operations.
  • 2GO Land Transport, Inc.: Oversees ground transportation and trucking services supporting the group's distribution network.
  • 2GO Rush Delivery, Inc.: Specializes in time-sensitive parcel and document delivery.
These entities collectively contribute to 2GO's end-to-end service offerings, with consolidated financial reporting reflecting their performance under the parent company's governance framework.

Leadership and Management

Frederic C. DyBuncio, a Filipino executive, serves as President, Chief Executive Officer, and Chairman of the Board of Directors at 2GO Group, Inc. With prior experience as a banker at JP Morgan Chase, DyBuncio also holds directorships at Corporation and serves as Vice Chairman of Atlas Consolidated Mining and Development Corporation. The consists of six members, including one , Atty. Paquito N. , Jr., a Filipino who chairs PRIVAATE Corporation, presides over since 2020, and founded PNO Management and Legal Consulting in 2016. Other directors include Kiat Chan, a Singaporean partner and managing director at Archipelago Capital Partners with prior executive vice presidency at Singapore Post Limited; Sing Mein Ang, a Singaporean logistics expert with over 35 years of experience and former group CEO of Quantium Solutions International; Elmer B. Serrano, a Filipino director, corporate , and corporate information officer specializing in who was named Asia's Best Lawyer in 2020; and Howard Conrad Sy, a Filipino founder and president of Storagemart Corporation with prior private equity experience at . The board operates under the company's Manual on , which mandates stewardship, ethical guidelines, risk oversight, and for directors and key officers, with a composition limited to five to fifteen members elected by stockholders. Senior management includes William Charles Howell, aged 47, who has served as and Treasurer since July 6, 2017, and assumed the additional role of on January 20, 2025, to integrate financial and operational strategies for enhanced efficiency. The board supports management through committees such as the Executive Committee, comprising at least three directors for delegated decision-making, and the , focused on financial reporting and compliance. Leadership emphasizes competencies in , , and zero-accident operations, with policies prohibiting and regulating related-party transactions.

Operations

Shipping and Logistics Services


2GO Group's shipping and logistics services provide integrated multimodal solutions for the domestic movement of goods across the , emphasizing sea freight as the core component supplemented by air, land forwarding, warehousing, and distribution. Through subsidiaries like 2GO Sea Solutions and 2GO Logistics, the company offers end-to-end tailored for industries including retail, pharmaceuticals, and . Sea freight operations, managed by 2GO Sea Solutions, utilize a fleet of nine roll-on/roll-off passenger (ROPAX) vessels and one dedicated freighter to handle various types, including full loads (FCL), less-than-container-load (LCL) shipments, rolling such as , breakbulk for oversized items, and refrigerated goods via reefer plugs. These vessels feature capacities ranging from 48 to 250 twenty-foot equivalent units (TEU), 40 to 80 rolling slots, and 10 to 60 reefer connections, enabling scheduled sailings to 19 ports across , , and , including major hubs like , Cebu, Iloilo, and Davao. Special services encompass project logistics for heavy machinery and infrastructure components, special containers for and bulk liquids, and door-to-door FCL delivery supported by nationwide trucking partnerships. Logistics services under 2GO Logistics include contract logistics with advanced warehousing and inventory management via a (WMS) integrated with client operations, offering both multi-user and dedicated facilities. Distribution capabilities feature full truckload (FTL) shipments, for (FMCG), pharmaceuticals, and retail products, with FDA-certified facilities ensuring compliance for regulated items; the company claims to be the largest provider in the . Value-added services such as repacking, labeling, kitting, and further enhance supply chain efficiency. Forwarding services integrate air, land, and modalities, with air freight providing time-sensitive transport through airline partnerships and nationwide pickup/delivery, land forwarding utilizing a diverse fleet for regional coverage from small parcels to bulk loads, and forwarding offering the fastest domestic LCL via priority handling on owned vessels alongside FCL to major ports. This multimodal approach facilitates seamless cargo movement for sectors like automotive and , prioritizing reliability and customization.

Passenger and Freight Transport

2GO Group's passenger transport operations, managed under the 2GO Travel brand, utilize a fleet of modern roll-on/roll-off passenger (ROPAX) vessels to provide sea travel services across the Philippines. These services connect 19 ports spanning Luzon, Visayas, and Mindanao, with key routes including Manila to Bacolod, Cebu, Iloilo, Cagayan de Oro, Davao, and Puerto Princesa. Passenger vessels feature accommodations ranging from economy to business class cabins, onboard dining facilities, and dedicated areas for meetings, incentives, conferences, and events (MICE), along with a standard 50 kg baggage allowance per passenger. Freight transport is integrated into the same ROPAX fleet through 2GO Sea Solutions, enabling efficient carriage of alongside passengers on scheduled sailings. Cargo types include full container loads (FCL), less than container loads (LCL) suitable for perishables and palletized goods, rolling such as cars, SUVs, and buses, roll-on/roll-off trucks, and breakbulk for oversized items. The fleet comprises nine ROPAX vessels and one dedicated freighter, MV San Rafael Dos, serving the same 19-port network with routes like Manila-Bacolod-Iloilo and Manila-Davao-General Santos. Vessel capacities vary, for example, MV 2GO Maligaya accommodates 250 twenty-foot equivalent units (TEU), 70 rolling slots, and 60 reefer plugs, while MV San Rafael Dos handles 240 TEU. Operations emphasize scheduled reliability, nationwide trucking partnerships for door-to-door delivery, and priority berthing at ports.

Fleet and Assets

Current Maritime Fleet


2GO Group's current maritime fleet comprises ten operating vessels as of December 31, 2024, consisting of nine roll-on/roll-off passenger (RoRo/Pax) ships and one dedicated freighter. These vessels facilitate inter-island transportation of passengers and freight across the , primarily linking ports in , , , and . The fleet's combined gross registered tonnage stands at approximately 159,295 metric tons, supporting an annual passenger capacity of around 2 million and cargo volume of about 300,000 twenty-foot equivalent units (TEUs). Among the RoRo/Pax vessels, seven are classified as large and homeported in , operating extended routes to , , and . The remaining two medium RoRo/Pax vessels are based in , serving shorter routes including Batangas-Odiongan-Caticlan and Batangas-Caticlan-Roxas. The single freighter, also Manila-based, specializes in cargo services to augment the passenger-oriented operations. This configuration reflects 2GO's focus on reliable domestic sea transport amid varying demand for passenger and logistics needs. Fleet modernization has been a priority, with vessels like the MV 2GO Maligaya—a technologically advanced RoPax ship—added to enhance and capacity on routes such as Manila-Iloilo-Bacolod-Manila. Similarly, the MV 2GO Masagana was incorporated in 2021 to bolster inter-island connectivity. In 2024, the company acquired one new vessel, brought two previously under-construction units into service, and sold two older ones, resulting in net proceeds of PHP 266.3 million and ongoing investments totaling PHP 807.8 million for the acquisition. These adjustments maintain a balance between operational efficiency and expansion to meet resurgent sea travel and freight demands.

Infrastructure and Expansion Plans

2GO Group maintains an extensive network of logistics infrastructure, including warehouses, container yards, and cross-dock facilities across key Philippine locations such as , , , , Davao, , , , , Ozamis, , Zamboanga, and the , comprising both owned and leased properties. These assets support warehousing, inventory management, and cargo handling, with terminal and handling equipment valued at a net carrying amount of PHP 376.1 million as of December 31, 2024. Container yards feature cemented surfaces for , integrated into the company's right-of-use assets totaling PHP 1.53 billion in 2024. In 2022, 2GO launched its largest cross-dock facility to date at the Asinan site in Parañaque, located within the SM Warehouse complex along C-5 Extension, enhancing sorting, consolidation, and distribution capabilities. By August 2025, the company relaunched and expanded its cross-docking services with hubs in the National Capital Region, Pampanga, and Cebu, aiming to provide faster, more efficient last-mile solutions amid rising e-commerce and supply chain demands. Expansion efforts include PHP 229.1 million in additions to terminal and handling equipment in 2024, contributing to overall property and equipment investments exceeding PHP 2 billion that year. For 2025, 2GO has outlined plans to further grow its footprint in response to client needs, alongside broader enhancements tied to service expansions like logistics, while leveraging parent company Corporation's commitment to scaling operations. The company also discontinued certain leased warehouses in 2023 and 2024 as part of operational streamlining, reflecting a focus on optimizing rather than indiscriminate growth.

Financial Performance

2GO Group, Inc. was established in 2012 via the merger of Negros Navigation Co., Inc. and Chelsea Logistics and Infrastructure Holdings Corp., enabling integrated sea and land logistics operations that initially drove revenue expansion through diversified transport services. By 2015, the company achieved net income before tax of ₱1.5 billion, a 71% rise from ₱888.1 million in 2014, supported by increased freight volumes and route efficiencies amid growing Philippine trade demands. Financial performance fluctuated in subsequent years due to rising operational costs, including fuel prices and fleet maintenance, alongside competitive pressures in domestic shipping. In 2017, net profit margin stood at -1.4%, indicating losses amid integration challenges and external economic factors. This improved marginally to 1.8% in 2018, reflecting cost controls and modest volume growth, though absolute remained pressured by debt servicing from merger-related financing. Losses deepened in 2019, with margin at -4% compared to -7% in 2018, as reached ₱21.41 billion but was offset by higher expenses and subdued passenger demand. The onset of the in 2020 exacerbated these trends, slashing 19% to ₱17.41 billion and yielding a net loss of ₱1.16 billion, primarily from halted passenger services, disruptions, and restrictions curtailing freight movements. Overall, pre-2021 historical trends reveal cyclical profitability tied to macroeconomic conditions, fuel volatility, and sector-specific risks like vessel incidents, with early post-merger gains giving way to persistent losses by the late as expansion costs outpaced revenue diversification efforts.

Recent Results and Metrics (2023-2025)

In 2023, 2GO Group recorded consolidated revenue of PHP 15.956 billion, reflecting growth in shipping volumes and services amid post-pandemic recovery. attributable to equity holders reached PHP 950 million, a significant improvement from PHP 312 million in 2022, supported by operational efficiencies and higher segment contributions from sea freight. The company achieved a 12% revenue increase in 2024 to 17.921 billion, fueled by expanded sea freight and travel operations amid rising domestic demand. attributable to equity holders declined to 823 million, pressured by elevated costs (up 41% to 1.1 billion), higher (up 8% to 106 million), and increased expenses (up 12% to 59 million). For the first half of 2025 (ended June 30), grew to 9.679 billion from 8.834 billion in the prior year's comparable period, driven by sustained demand in core and segments. attributable to equity holders more than doubled to 757 million from 407 million, bolstered by improved EBITDA margins (18.2% versus 16.6%) and cost management.
PeriodRevenue (PHP billion)Net Income Attributable (PHP million)
2023 (full)15.956950
2024 (full)17.921823
H1 20259.679757
Key metrics as of June 30, 2025, included total equity of PHP 3.4 billion (up 27% year-over-year) and a of 1.5, indicating strengthened financial position post-delisting from the in July 2023.

Controversies and Incidents

Accounting Irregularities and Regulatory Issues

In 2017, 2GO Group Inc. restated its for 2015 and 2016, revealing overstated profits and understated losses stemming from discrepancies in practices. A special identified underreported debt levels and inflated non-cash assets, which necessitated recognition of additional expenses and adjustments totaling hundreds of millions of Philippine pesos. The suspended trading of 2GO shares for two days following the disclosure of these revisions. The Securities and Exchange Commission (SEC) initiated a formal investigation into the irregularities, examining potential violations of financial reporting standards and the role of internal controls. SEC officials indicated that company management and external auditors could face fines exceeding P1 million if liability was established, with the probe extending into to address around 10 specific issues. 2GO's new ownership, following its acquisition, attributed the problems to a breakdown in internal controls and inconsistent application of accounting policies under prior leadership. The company's external auditor, , maintained that its work complied with standards, relying on judgments and estimates provided by 2GO's management at the time. In the wake of the revelations, 2GO's , Jeremias Cruzabra, resigned and was replaced by William Charles Howell. Former executives denied any intentional , describing related claims as "false and malicious." The SEC anticipated completing its review by mid-2017 but extended the timeline for thoroughness, with preliminary findings prepared by late 2017. No further public disclosures of penalties or resolutions beyond potential fines emerged from the investigation.

Maritime Accidents and Safety Concerns

On August 16, 2013, the passenger ferry , operated by 2GO Travel, collided with the cargo vessel MV Sulpicio Express Siete (also known as Sulcon Express 7) approximately 1.2 kilometers off Lawis Ledge near Talisay City, , while en route from . The impact tore a large gash in the ferry's starboard side, causing rapid flooding and sinking within 30 minutes; the vessel carried 715 passengers and 116 crew, exceeding its authorized capacity of 484 passengers according to some reports. Of the 831 people aboard, around 750 were rescued primarily by fishing boats and nearby vessels, but at least 116 fatalities were confirmed, with 59 initially missing and presumed dead, marking one of the deadliest maritime incidents in the since the 1987 Doña Paz disaster. An oil slick from the wreck posed environmental risks, prompting efforts to contain it and debates over salvage, as 2GO argued the site was not hazardous while authorities insisted on removal to prevent navigation threats. The Board of Marine Inquiry attributed fault to both captains: the cargo vessel's for entering the wrong lane in the shipping channel, and the ferry's for inadequate evasive maneuvers despite repeated horn signals from St. Thomas Aquinas. 2GO maintained its crew followed protocols by issuing abandon-ship orders and distributing life vests immediately, but the rapid sinking highlighted vulnerabilities in watertight integrity and emergency response on older vessels like the former SuperFerry 2, built in and refitted for RORO operations. The incident fueled public and regulatory scrutiny of 2GO's practices, including vessel age, overloading risks, and training, within a Philippine maritime sector plagued by lax , , and frequent accidents due to inadequate oversight. Subsequent lesser incidents included a minor collision on October 11, 2013, when an unnamed 2GO passenger ship with 742 aboard struck an anchored freighter in Mactan Channel off , resulting in superficial damage but no injuries or sinkings. In June 2024, MV St. Francis Xavier ran aground one from Coron pier in due to engine failure while carrying nearly 1,400 passengers and cargo; all were safely evacuated or assisted back to port after temporary stranding, with no casualties reported. These events, while not fatal, underscored ongoing concerns over mechanical reliability and contingency planning for 2GO's fleet, prompting temporary suspensions and heightened inspections. Broader safety critiques of 2GO operations reflect systemic Philippine issues, such as inconsistent and a of high accident rates among major operators, though no major sinkings have been linked to 2GO since 2013. In response, 2GO has cited adherence to programs, including crew drills and vessel certifications, but incidents have led to calls for stricter oversight and fleet modernization to address collision risks, engine failures, and environmental hazards in congested inter-island routes.

Cybersecurity and Other Challenges

In October 2025, 2GO Group Inc. was subjected to a attack by the group "The Gentlemen," which claimed to have compromised internal systems and stolen sensitive data including customer information. The group publicly announced the breach on October 5, 2025, and began leaking samples of allegedly exfiltrated files—such as documents and customer records—starting around October 18 after demands went unmet. As of late October 2025, 2GO had not issued an official statement confirming the incident or detailing impacts on operations, though the attack underscored vulnerabilities in the logistics sector's digital infrastructure amid rising targeting transportation firms. Beyond cybersecurity threats, 2GO has navigated operational challenges exacerbated by external disruptions, notably during the from 2020 onward, when quarantine measures led to sharp declines in passenger traffic—down 78% in travel revenue for 2020—and strained freight volumes due to movement restrictions and uncertainties. The company maintained essential goods transport but faced ongoing risks from geopolitical tensions, piracy in key routes like the , and chokepoints such as the , which could interrupt maritime logistics. These factors highlight persistent exposure to both cyber and physical vulnerabilities in the Philippine shipping industry.

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