Aznar Shipping to buy ₱504-million RoRo vessels in Visayas expansion drive
Aznar Shipping Corp. plans to invest ₱504 million to acquire two new RoRo vessels next year, funded by its ₱737-million initial public offering (IPO). This expansion aims to increase fleet capacity and service reliability on existing and new routes in the Visayas, including Iloilo.
Why it matters
This significant investment in maritime transport infrastructure can boost connectivity and economic activity in the Visayas region of the Philippines, improving passenger and cargo movement. It also reflects confidence in the growth of the domestic shipping industry.
Manila Bulletin - Aznar Shipping to buy ₱504-million RoRo vessels in Visayas expansion drive
Aznar Shipping to buy ₱504-million RoRo vessels in Visayas expansion drive
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