COVER SHEET - 2Go
COVER SHEET - 2Go
COVER SHEET - 2Go
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Kerry – Aboitiz Logistics Inc. (KALI)<br />
KALI was incorporated in March 30, 2009. It is effectively 51% owned by AONE.<br />
It is engaged in the business that aims to offer innovative, cost effective and reliable services<br />
on international air and sea freight and cargo forwarding, cargo consolidation, as a project<br />
cargo and break bulk agent, warehousing and distribution, trucking and door-to-door delivery.<br />
With the global clout of Kerry Logistics and the domestic dominance of ATS, KALI is poised to<br />
provide better service to its clients<br />
Supercat Fast Ferry Corporation<br />
SFFC was incorporated on June 20, 2001. It is 100% owned by ATS.<br />
It is in the business of providing fast craft passenger services under the SuperCat brand name. At<br />
present, SFFC operates six fast craft vessels with a total gross weight of 1,355 tons and a total<br />
passage capacity of 1,484 passengers. Its vessels service the ports of Cebu, Ormoc, Tagbilaran,<br />
Batangas and Calapan.<br />
MCC Transport Philippines, Inc.<br />
MCCP was incorporated on May 11, 2007. It is 33% owned by ATS.<br />
It is in the business of providing containerized services in the Philippines.<br />
Vessel Fleet<br />
As of December 31, 2010, ATS has a total fleet of 19 company-owned operating vessels. The fleet<br />
consists of 7 fast crafts under the brand name ‘SuperCat’, 10 RoRo/Pax vessels including 6 under the<br />
‘SuperFerry’ brand, 4 vessels under ‘Cebu Ferries’ brand, and 2 freighters under the ‘2GO’ brand. ATS<br />
vessel fleet has a combined Gross Registered Tonnage of approximately 98,849 metric tons, total<br />
passenger capacity of approximately 14,164 passengers and aggregate cargo capacity (including those<br />
under MCCP, a joint venture of the registrant) of approximately 4,168 twenty-foot equivalent units<br />
(TEUs).<br />
Land, Buildings and Warehouses<br />
The Company owns several pieces of land and a number of buildings and warehouses. These are used<br />
in the normal course of business. Details of said properties are attached to the Company’s SEC Form<br />
17-A under Schedules E.1 and E.2.<br />
Ports of call<br />
ATS’ extensive presence throughout the country is carried out through its branch operations and<br />
agency networks. These are located primarily in Bacolod, Batangas, Butuan, Cagayan de Oro,<br />
Calapan, Cebu, Cotabato, Davao, Dumaguete, General Santos, Iligan, Iloilo, Manila, Nasipit, Ormoc,<br />
Ozamis, Surigao, and Zamboanga.<br />
Market Share<br />
As of December 31, 2010, ATS continues to dominate the Philippine Sea Travel with 63% market share<br />
in the passage service specifically in ports that they serve. Freight market share is estimated at 44%.<br />
Legal Proceedings<br />
There are certain legal cases filed against ATS and its subsidiaries in the normal course of business.<br />
Management and its legal counsel believe that they have substantial legal and factual bases for their<br />
position and are of the opinion that losses arising from these cases, if any, will not have material<br />
adverse impact on the consolidated financial statements.<br />
31