2GO Group

Last updated
2GO Group Inc.
Formerly
  • William Lines Inc. (1949-1996)
  • WG&A Philippines Inc. (1996-2004)
  • Aboitiz Transport System (2004-2012)
Company type Subsidiary
Industry Shipping, Transportation
FoundedMay 26, 1949;76 years ago (1949-05-26) (as William Lines Inc.) in Cebu City, Philippines
Founder William Chiongbian
Headquarters
8F Tower 1 Double Dragon Plaza, Macapagal Blvd. cor. EDSA Ext., Pasay 1302
,
Key people
ProductsSea freight, Special containers, Project logistics, Forwarding, Contract logistics, Sea travel, Retail
RevenueIncrease2.svg 13.47 million PHP [2]  (Q3 2024)
Decrease2.svg 1.08 million PHP (Q3 2024) [3]  (Q3 2024)
Decrease2.svg 0.60 million PHP [4]  (Q3 2024)
Total assets Increase2.svg 15.75 million PHP (Q3 2024) [5]  (Q3 2024)
Total equity Increase2.svg 2.49 million PHP (Q3 2024) [6]  (Q3 2024)
Number of employees
1,774 [7]  (December 31, 2024)
Parent SM Investments Corporation (67.12%) [8]
Trident Investments (31.73%) [9]
Divisions
  • Sea Solutions (2GO Travel and 2GO Freight)
  • Logistics (2GO Express, 2GO Logistics, Special Container and Value-added Services, and Kerry Logistics)
  • Distribution (Scanasia)
Subsidiaries 2GO Express, Special Container and Value Added Services, Inc. (SCVASI)
Website 2go.com.ph

2GO Group, Inc. (branded as 2GO) is a Philippine logistics and transportation company engaged in freight shipping, courier and parcel delivery, warehousing, inventory management, distribution, and passenger sea travel. It operates a fleet of ten inter-island vessels transporting cargo and passengers across domestic routes in the Philippines.

Contents

The company traces its roots to William Lines, Inc., which was established on May 26, 1949. William Lines grew to become one of the largest shipping companies in the Philippines during the 1970s to the 1990s, before eventually merging with other domestic shipping firms that later formed what is now known as 2GO Group, Inc.

2GO is a subsidiary of SM Investments Corporation (SMIC), one of the country’s largest conglomerates. Another principal shareholder is Trident Investments.

Company history

The company traces its roots to William Lines, Inc., which began as a shipping business founded by William Chiongbian on December 13, 1945, in Cebu City. He named one of its first vessels, the MV Victoriano, after his father; the ship made its maiden voyage serving the routes from Cebu to Tagbilaran, Bohol, and Siquijor, then to Plaridel and Ozamiz. [10] The company was later incorporated on May 26, 1949. [11] From the 1970s to the 1990s, the company introduced several flagship vessels, including MV Cebu City (1972), MV Doña Virginia (1980), and MV Sugbu (1989), and grew to become one of the largest shipping companies in the Philippines during that period.

In the 1990s, William Lines introduced the Mabuhay Series, comprising the company’s largest and most luxurious vessels, designed to compete with rival fleets, including Sulpicio Lines and Aboitiz’s SuperFerry ships. The first ship of the series, the Wilines Mabuhay 1, was acquired from Japan and was part of the well-known Sunflower series of vessels. Subsequently, William Lines added more ships to the Mabuhay Series, including Mabuhay 2, 3, 5, and 6.

In December of 1995, William Lines acquired the assets of Gothong Lines and Aboitiz Shipping Corporation through a ₱5.68 billion share-swap deal, issuing new William Lines shares to the two companies in exchange for their shipping properties. The merger consolidated the operations of the three shipping firms, forming William, Gothong and Aboitiz Inc. (WG&A), which became the largest domestic shipping company in the Philippines.

The WG&A fleet was organized into three categories. SuperFerry, a brand carried over from Aboitiz Shipping, comprised the company’s largest and most luxurious ships, primarily serving routes from Manila. This included vessels from William Lines’ Mabuhay Series; Mabuhay 1, 2, 3, and 5'. The remaining ships that did not meet SuperFerry standards were designated as WG&A Ferries, which also primarily served Manila-based routes. The other is Cebu Ferries, created during the merger, operated smaller vessels primarily serving routes from Cebu to the VisayasMindanao region.

Eventually in 2002 to 2004, Aboitiz Equity Ventures Inc. (AEV), one of the company's major shareholders, bought out its partners in WG&A for about ₱3.65 billion. AEV acquired 918 million shares, equivalent to approximately 61 percent of the shipping company. Aboitiz eventually bought out the remaining shares of the Chiongbians (William Lines) and Gothong.

The partnership was later dissolved, leading to the formation of the Aboitiz Transport System, which unified the operations of SuperFerry, Cebu Ferries, and SuperCat. [12]

On December 1, 2010, Aboitiz Equity Ventures sold its transport business to Negros Navigation Co., Inc. (NENACO) for US$105 million, transferring all logistics and shipping operations under new ownership. [11] [12] At the same time, the China–ASEAN Investment Cooperation Fund, a Netherlands-based [a] private equity firm owned by the Government of the People's Republic of China, acquired a controlling stake in NENACO through an equity infusion. [14] [12] [15] [16]

In 2012, the company was reorganized and rebranded as 2GO Group Inc. with its brands SuperFerry, SuperCat, and Cebu Ferries merged with Negros Navigation to form 2GO Travel.

In 2016, SM Investments Corporation (SMIC) and Chelsea Logistics and Infrastructure Holdings Corp. (owned by Dennis Uy) jointly acquired a major stake in 2GO Group Inc. In 2021, Chelsea Logistics sold its shares to SMIC, making 2GO a full subsidiary of SM Investments Corporation.

In 2023, 2GO Group voluntarily delisted from the Philippine Stock Exchange after completing a tender offer and began a modernization program focusing on logistics, freight, and passenger transport.

Operations

MV 2GO Maligaya MV 2GO Maligaya.jpg
MV 2GO Maligaya
Cargo ship of 2GO Freight, part of the 2GO Group MV Dan Rafael Dos.jpg
Cargo ship of 2GO Freight, part of the 2GO Group
Logo under the "2GO" brand 2GO logo.svg
Logo under the "2GO" brand

2GO and its subsidiaries (collectively referred to as the Group) provide shipping, logistics, and distribution services to small and medium enterprises, large corporations, and government agencies throughout the Philippines. The Group operates under its flagship brand, 2GO.

The Group’s shipping operations manage inter-island roll-on/roll-off (RoRo) freight and passenger vessels. Its logistics arm offers transportation, warehousing, and distribution services, including cold chain solutions, domestic and international ocean and air forwarding, customs brokerage, project logistics, and express and last-mile package and e-commerce delivery. The distribution segment complements these operations by leveraging 2GO’s shipping and logistics capabilities to provide value-added distribution services to principals and customers. [17]

Business units

Subsidiaries

2GO operates passenger and freight services connecting major ports across the Philippines, linking Luzon, the Visayas, and Mindanao. Its vessels serve routes to and from Bacolod, Batangas, Butuan, Cagayan de Oro, Caticlan, Cebu, Coron, Davao, Dipolog, Dumaguete, General Santos, Iloilo, Manila, Odiongan, Ozamiz, Puerto Princesa, Roxas, Siargao, Tagbilaran, and Zamboanga.

Fleet

Current fleet

As of November 2025, 2GO and its subsidiaries own and operate a fleet of ten operating vessels, consisting of nine RoRo/Pax vessels and one freighter. 2GO’s operating vessel fleet has a combined Gross Tonnage of approximately 159,295.

Currently, 2GO operates seven large RoRo/Pax vessels calling on Manila as their homeport. These vessels sail from Luzon to Visayas and Mindanao. Furthermore, 2GO operates two medium- sized vessels with Batangas as their homeport, plying on the Batangas-Odiongan-Caticlan and the Batangas-Caticlan-Roxas routes. 2GO also operates one purely-cargo vessel, with Manila as its homeport, to complement its freight business.

The company's flagship is currently the MV 2GO Masagana and MV 2GO Maligaya, one of the largest vessels ever to sail in the Philippines.

2GO's fleet includes two series of ships:

Passenger Vessels

Cargo Vessels

MCC Transport

MCC Transport Philippines Inc. (MCCP) is a joint venture between Sealand Maersk Pte Ltd, Mercantile Ocean Maritime Co (Filipinas) Inc, and 2GO Group Inc.

Notes

  1. The legally separate China-ASEAN Capital Advisory Company is based in Hong Kong. [13]

References

  1. "Frederic C DyBuncio, 2go Group Inc: Profile and Biography". Bloomberg News .
  2. "Financials" (PDF). www.2go.com.ph.
  3. "Financials" (PDF). www.2go.com.ph.
  4. "Financials" (PDF). www.2go.com.ph.
  5. "Financials" (PDF). www.2go.com.ph.
  6. "Financials" (PDF). www.2go.com.ph.
  7. "Annual report 2025" (PDF). www.2go.com.ph.
  8. "SM Investments increases stake in 2GO Group to 67%". Manila Standard.
  9. "Global logistics veterans join 2Go's board as SM takes over". 3 June 2021.
  10. Oaminal, Clarence Paul (30 August 2014). "William Lee Chiongbian and his citizenship". The Philippine Star. Retrieved 16 October 2021.
  11. 1 2 "SEC Form 17-A Annual Report 2013" (PDF). Securities and Exchange Commission. May 16, 2014. Archived from the original (PDF) on July 31, 2019. Retrieved July 31, 2019.
  12. 1 2 3 Cacho, Katlene O. (December 1, 2010). "Aboitiz sells transport unit". Sun Star Cebu. Archived from the original on 29 October 2013. Retrieved 3 February 2013.
  13. "Contact Info". Official Website. China-ASEAN Fund. Retrieved 2 September 2013.
  14. Gamboa, Rey (August 20, 2013). "Keeping our seas safe". Philippine Star . Retrieved 12 September 2013.
  15. "Negros takes out remaining Aboitiz stock". Baird Maritime. 7 January 2011. Retrieved 3 February 2013.
  16. "Chinese firm to become top Philippine ferry operator". ABS-CBN News. 12 May 2010. Archived from the original on 26 January 2011. Retrieved 3 February 2013.
  17. "Annual report 2025" (PDF). www.2go.com.ph.
  18. "YouTube". YouTube .
  19. "Tsukushi of Hankyu Ferry is now officially renamed as M/V 2GO Masagana of 2GO Travel". Facebook. The Philippine Ship Spotters Society - PSSS. Retrieved 2021-04-25.
  20. "Another RoPax Vessel of 2GO (MV 2GO Masagana) to arrive after MV 2GO Maligaya". Youtube. April 20, 2021. Retrieved 2021-04-25.
  21. "M/V 2GO Masagana of 2GO Travel is now docked at Pier 4, Manila North Harbor". Facebook. Retrieved 2021-07-10.
  22. "M/V 2GO Masagana of 2GO Travel now docked at Pier 4, Manila North Harbor". Youtube. The Philippine Ship Spotters Society - PSSS. July 4, 2021. Retrieved 2021-07-10.
  23. 1 2 "Stena Nova sold to Philippines ferry giant". Shippax. Retrieved 2021-04-20.
  24. "A Sneak peek of MV 2GO Maligaya of 2GO Travel". The Philippine Ship Spotters Society. 2021-04-20. Retrieved 2021-04-25.
  25. "2GO Group Acquires Stena Nova and has arrived in the Philippines(rumored 2GO Maligaya)". Youtube. The Philippine Ship Spotters Society - PSSS. March 23, 2021. Retrieved 2021-04-25.
  26. "M/V 2GO Maligaya is now #Ready2GO". Youtube. May 11, 2021. Retrieved 2021-05-12.
  27. "2GO Travel unveils fastest, largest RoRo passenger ship in PH; MV 2GO Maligaya to serve Manila-Cebu-CDO route". 12 May 2021.
  28. "M/V 2GO Maligaya - 2GO Travel's Next Generation Liner". 18 June 2021.
  29. "Preparing for her maiden voyage soon here in the Philippines". Lakwatserong Pagong - joecard3. 2024-02-13. Retrieved 2024-02-13.
  30. "Ship Update". The Philippine Ship Spotters Society - PSSS. 2024-02-13. Retrieved 2024-02-13.
  31. "M/V 2GO Masigla of 2GO Travel Arrival in Davao City". The Philippine Ship Spotters Society - PSSS. 2024-03-18. Retrieved 2024-03-18.
  32. "#exclusiive". Facebook. The Philippine Ship Spotters Society - PSSS. 2024-03-19. Retrieved 2024-03-19.
  33. "First and Exclusive". The Philippine Ship Spotters Society - PSSS. 2024-02-16. Retrieved 2024-02-16.
  34. "Welcome to Cebu! M/V 2GO Masikap of 2GO Travel". The Philippine Ship Spotters Society - PSSS. 2024-02-15. Retrieved 2024-02-15.
  35. "Ship Update". The Philippine Ship Spotters Society - PSSS. 2024-02-08. Retrieved 2024-02-08.
  36. "M/V 2GO Masikap Voyage #1 (Maiden Voyage)". ShipPitik. 2024-02-16. Retrieved 2024-02-16.
  37. "She's back at Port of Manila". Facebook. Svitzer Sud. 2024-02-17. Retrieved 2024-02-18.
  38. "It's Masikap Monday". Facebook. The Philippine Ship Spotters Society - PSSS. 2024-02-19. Retrieved 2024-02-19.
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  40. "Welcome to the Philippines! M/V 2GO Masinag of 2GO Travel". psssonline.wordpress.com. The Philippine Ship Spotters Society - PSSS. April 24, 2024. Retrieved 2024-04-24.
  41. "M/V 2GO Masinag of 2GO Travel Update as of July 06, 2024". Facebook. The Philippine Ship Spotters Society - PSSS. Retrieved 2024-07-06.
  42. "2GO Travel unveils new ship". The Philippine STAR .
  43. "MV St. Francis Xavier of 2GO Travel. Pretty, isn't she?". Facebook. The Philippine Ship Spotters Society - PSSS. 2019-02-05. Retrieved 2021-06-20.