MANILA, 11 October 2022 – 2GO Group, Inc. (2GO) is echoing the call of the Department of Transportation (DOTr) for the modernization of maritime transport and logistics services in the country to boost efforts to reopen the economy and revive domestic tourism.
2GO President and CEO Frederic C. DyBuncio underscored 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 in support of the country’s continued economic growth.
“We remain committed to supporting the modernization plans of the government and all of the initiatives of the DOTr. As evidence 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 vessels in the entire Philippines,” Mr. DyBuncio said during DOTr Sec. Jaime Bautista’s recent visit to MV 2GO Maligaya at the Manila North Harbor.
Despite the impacts of the pandemic, 2GO was able to quickly turn around when it delivered a net income of Php109 million in the second quarter and Php74 million in net income for the first six months of 2022.
“Our speed is faster than any freighter service. It’s almost double at 17 knots compared to the industry,” said 2GO Sea Solutions Head of Sales Sharon Musngi-Ngo.
2GO aims to be a service partner for all Filipinos and a force for good.
In times of calamities, 2GO actively supported with the government’s relief efforts when Typhoon Odette devastated parts of Visayas and Mindanao last year. Back then, it transported 500 tons of essential goods port-to-port, free of charge from Manila to Cebu, Tagbilaran, Cagayan de Oro and Ozamis and worked closely with One Meralco Foundation to transport nine basket trucks together with Meralco’s linemen and engineers to help restore the power in the affected areas of Cebu and Bohol.
“We’re always happy to help all our partners in the maritime industry – the DOTr, PPA [Philippine Ports Authority], the [Philippine] Coast Guard, MARINA [and] our terminal operator NorthPort. All of us here are part of the same team. Tulung-tulong po tayo,” said Mr. DyBuncio.
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ABOUT 2GO GROUP, INC.
2GO Group, Inc. is the Philippines’ largest integrated transportation and logistics provider, at its core has five business units, namely, 2GO Sea Solutions, 2GO Special Containers, 2GO Logistics, 2GO Express, and 2GO Distribution.
2GO is a subsidiary of SM Investments Corporation, one of the largest conglomerates in the country. It offers multimodal transportation, warehousing and inventory management, distribution, special containers, and project logistics as well as e-commerce logistics, including last-mile deliveries, and express courier deliveries. 2GO also provides sea travel, and a wide range of peripheral logistics such as freight forwarding, import and export processing, and customs brokerage. Our company leverages on all our services to create unique supply chain solutions for our chosen target customers.
Backed by 148 years of expertise in transportation and logistics, 2GO has made a mark for providing the best travel experiences, efficient movement of products and cargoes, and for catalyzing business growth in domestic and international markets.