2GO and DOTr renew their call for the modernization of PH transport

Manila, Philippines, October 14, 2022 /PRNewswire/ — 2GO Group, Inc. (2GO), the logistics arm of SM Investments Corporation, echoes the Department of Transportation’s (DOTr) call for the modernization of shipping and logistics services in the country to boost efforts to reopen the economy and revive domestic tourism.

Captain of Transportation – DOTr Secretary Jaime J. Bautista – with his maritime team from DOTr Maritime, Philippine Coast Guard, Philippine Ports Authority and 2GO leaders led by President and CEO Frederic C. DyBuncio.

CEO of 2GO Frederic C. DyBuncio highlighted the vital contribution of shipping goods to the supply chain of businesses across The Philippines. He added that shipping is one of the key industries to support the country’s continued economic growth.

“We remain committed to supporting government modernization plans and all DOTr initiatives. Proof of this commitment, we acquired two new vessels at the height of the pandemic last year. MV 2GO Maligaya and MV 2GO Masagana are now two of the largest and fastest ships in the set Philippines“, said Mr. DyBuncio during DOTr Sec. by Jaime Bautista recent visit to MV 2GO Maligaya at Manila North Port.

Despite the impacts of the pandemic, 2GO was able to recover quickly by generating net revenues of Php109 million and Php74 million for the second quarter and the first six months of 2022, respectively.

“Our speed is faster than any freight service. It’s almost double at 17 knots compared to the industry,” said Sharon Musngi-Ngo, 2GO Sea Solutions Sales Manager.

2GO aims to be a service partner for all Filipinos and a force for good.

In times of calamity, 2GO actively supported government relief efforts when Typhoon Odette devastated parts of Visayas and Mindanao last year. It transported 500 tons of essential goods from port to port, free of charge from Manila in Cebu, Tagbilaran, Cagayan de Oro and Ozamis and worked closely with the One Meralco Foundation to transport nine bucket trucks with Meralco linemen and engineers to help restore power to affected areas of Cebu and Bohol.

“We are always happy to assist all of our maritime industry partners – the DOTr, PPA [Philippine Ports Authority]the [Philippine] Coast Guard, MARINA and our terminal operator NorthPort. We are all part of the same team“, said Mr. DyBuncio.

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