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2GO Group buys new Japan vessel - BusinessWorld

BusinessWorld April 30, 2021 | 12:06 am FACEBOOK.COM/2GOTRAVEL 2GO Group, Inc. on Wednesday announced the purchase of a new vessel from Japan, which will make its maiden voyage in the Philippines in May. “The newly purchased ship will be part of 2GO’s fleet of 10 ROPAX (roll-on/roll-off passenger) and freighter vessels, sailing to 20 major ports of call, linking Manila to Visayas and Mindanao,” the company said in an e-mailed statement. The acquisition, the company noted, is part of its continuing modernization program, which includes upgrading of its fleet and modernizing its operations. With its discounted tickets, the company said it is ready for the resumption of domestic tourism.

2GO banking on modernization to return to profitability; no plans to raise capital despite losses

2GO banking on modernization to return to profitability; no plans to raise capital despite losses
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