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+ Follow ABOITIZ JEBSEN BULK TRANSPORT CORP Tag
ABOITIZ JEBSEN BULK TRANSPORT CORP
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 643053
                    [Title] => AEV seals P400-million purchase of ATS logistics businesses
                    [Summary] => 

Aboitiz Equity Ventures Inc. (AEV) sealed yesterday the purchase of the logistics businesses of Aboitiz Transport System Corp. (ATS) for nearly P400 million.

[DatePublished] => 2010-12-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 634910 [Title] => Aboitizes sell shipping unit to rival Nenaco [Summary] =>

After more than 100 years, the Cebu-based Aboitiz clan is exiting the shipping business with the sale of its entire stake in Aboitiz Transport System Corp. (ATS) to rival Negros Navigation Co. (Nenaco) for $81.1 million, a deal that will create the country’s biggest shipping company.

[DatePublished] => 2010-12-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 347855 [Title] => SuperFerry cuts fares to VisMin to boost local tourism [Summary] => Leading shipping company SuperFerry, owned by the Aboitiz family, further slashed its rates to select destinations in Visayas and Mindanao as part of efforts to help promote tourism in the country. Andrew Deyto, SuperFerry assistant vice president for sales and marketing, said the SuperFerry Sail Sale promo offers one rate starting at P799 going to Visayas, and one rate of P1,499 to Mindanao. These rates, he said, are inclusive of value-added tax and surcharge.
[DatePublished] => 2006-07-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 328493 [Title] => Aboitiz income jumps 29% to P3.16B [Summary] => Aboitiz Equity Ventures Inc. (AEVI), the investment holding company of the Aboitiz family, reported a 29-percent growth in its net income last year to P3.16 billion, mainly driven by the continued strong performance of its power and banking units.

In a statement, AEVI said the 2005 net income translates to earnings per share of 65 centavos while earnings before interest, taxes, depreciation and amortization (EBITDA) rose nine percent to P6.36 billion. Consolidated revenues grew 21 percent to P27 billion, it added.
[DatePublished] => 2006-03-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 304946 [Title] => Aboitiz Transport loses P92.7M in first 9 months [Summary] => Hobbled by higher operating expenses and depreciation charges, inter-island shipping company Aboitiz Transport System Corp. (ATSC) incurred a net loss of P92.7 million in the first nine months of the year, a reversal from the P294.8-million profit in the same period a year ago.

In a disclosure to the Philippine Stock Exchange, ATSC said revenues reached P6.3 billion while costs and expenses amounted to P6.1 billion, up seven percent from the previous level, mainly due to the 19-percent rise in depreciation of ships.
[DatePublished] => 2005-11-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 301880 [Title] => SEC okays hike in Aboitiz Transport capital to P4B [Summary] => The Securities and Exchange Commission (SEC) has approved the capital increase of inter-island shipping firm Aboitiz Transport Systems Corp. (ATSC) to P4.07 billion, from P2.45 billion.

Also approved by the SEC is the reclassification of ATSC’s 475,600 unissued redeemable preferred shares to common shares.

The Aboitiz Group consolidated all its transport and logistics businesses under ATSC as part of efforts to enhance operational and funding efficiencies.
[DatePublished] => 2005-10-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 277216 [Title] => Aboitiz Group consolidates transport, logistics businesses [Summary] => The Aboitiz Group is consolidating all its transport and logistics businesses under inter-island shipping firm Aboitiz Transport System Corp. (ATSC) as part of efforts to enhance operational and funding efficiencies.

In a letter to the Philippine Stock Exchange (PSE), ATSC said its board approved in principle the acquisition of 100 percent of Aboitiz One Inc., 62.5 percent of Aboitiz Jebsen Bulk Transport Corp., 62.5 percent of Aboitiz Jebsen Manpower Solutions Inc., 62.5 percent of Jebsen Maritime Inc., and 50 percent of Jebsen Management Ltd.
[DatePublished] => 2005-05-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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