Chelsea Logistics Buys Two Vessels

Philippine-based Chelsea Logistics Holdings (CLC), wholly owned subsidiary of Udenna Corporation, added two new ships to the company’s existing fleet of 83 as part of its expansion program.

CLC  inaugurated the M/T Chelsea Providence and M/V Salve Regina at the Manila North Harbour Port, the two vessels that CLC bought with  an investment worth around $50 million.

Manila Standard quoted CLC founder and chairman Dennis Uy as saying that his company has  long dreamed of having its presence felt in the international waters and to commence its  foray into the regional liquid carrier market.

M/T Chelsea Providence is its biggest registered vessel yet, a 183.3-meter long, medium-range oil tanker that has a holding capacity of 54 million liters of petroleum.

The M/V Salve Regina, meanwhile, is a roll-on, roll-off (RoRo) passenger vessel with a carrying capacity of 500 passengers and 41 vehicles.

CLC operates 16 tankers, 20 RoPax, 9 cargo vessels and 14 tugboats through Chelsea Shipping, Starlite Ferries,Trans-Asia Shipping Lines Inc. and Fortis Tugs. In addition, its investee 2GO Group, Inc. operates eight RoPax vessels, five cargo vessels and 11 fast craft.