Transport & Logistics

CEBU-BASED Aznar Shipping Corp. will invest P504 million to acquire two new roll-on/roll-off passenger vessels next year, backed by proceeds from its planned initial public offering.

Transportation Secretary Giovanni Lopez is urging Congress to allocate P5 billion for a 2027 fuel subsidy program, saying the funding was left out of the Department of Budget and Management’s proposed National Expenditure Program even as public utility vehicle drivers and operators continue to face high fuel costs.

BSB Junrose Corp. has been appointed an importer-distributor of Michelin commercial tires in the Philippines, expanding its product offering to fleet operators as logistics and transport businesses put greater focus on vehicle uptime and operating efficiency.

The Maritime Industry Authority (MARINA) is teaming up with key government bodies to develop clear, evidence-based safety rules for carrying electric and hybrid vehicles on domestic passenger ships—an effort triggered by the recent fatal fire aboard the MV June Aster.

Cebu-based Aznar Shipping Corp. posted a 155-percent jump in first-half net income as revenue more than doubled, giving the ferry operator stronger financial momentum as it moves toward a planned initial public offering.