Negros Navigation

Negros Navigation Co., Inc. (NENACO) was one of the oldest domestic shipping companies in the Philippines. It was also one of the largest companies in the passenger transport business in the Philippines.[1] Its main hub was the renowned Pier 2 in Manila North Harbor. NENACO later merged with SuperCat, SuperFerry and Cebu Ferries to form 2GO Travel, the second largest Philippine shipping merger next to the William Lines-Gothong Lines-Aboitiz Shipping merger (WG&A) in 1996. At the same time, the China-Asean Investment Cooperation Fund, a private equity fund wholly owned the government of the People's Republic of China through an equity infusion gained a controlling interest in Negros Navigation and subsequently changed the company into the 2GO Group with 2GO Travel its shipping-company subsidiary. The 'NENACO' brand was retired in mid-2012.

History

It was organized and registered with the Securities and Exchange Commission (SEC) on July 26, 1932 for the purpose of transporting passengers and cargo at ports of call in the Philippines.

In the 1960s Nenaco was the first among the domestic shipping companies to operate brand new, fast and luxurious air conditioned passenger ships. In the 70s, it was first to construct and operate a modern passenger terminal in Manila’s North Harbor and likewise pioneered in offering special cruises to the Philippine tourist spots using its coastwise vessels. In the 80s, Nenaco launched its containerization program and ushered a new industry trend on the use of roll-on roll-off (“RORO”) vessels. It also deploys shuttle buses in Baclaran, Cubao and Alabang which takes passengers to the pier terminal.[2]

In the 1990s, Nenaco became the first Philippine shipping company to be listed in the stock exchange. Proceeds amounting to P916.86 million from Initial Public Offering (IPO) were used to support the “Globalization Program” of the company that involved fleet expansion and service modernization.

Destinations

Negros Navigation served the following destinations in their final year, 2012.

Represented 2GO Travel

Vessels

Negros Navigation operated the following passenger vessels until 2012:

Cargo vessels:

Previous NENACO vessels under the management of:

Cruise vessel: Skipper

Passenger vessels: Skippers

RoRo vessels: Skippers

Cargo vessel: Skipper

Container vessels: Skippers

Incidents

On April 1980, MV Don Juan bound for Bacolod City sank 20 nautical miles (37 km) off Maestre de Campo Island, Oriental Mindoro after colliding with the oil tanker M/T Tacloban City. Reported casualties were 18 dead and 115 missing, with 745 survivors.[3][4][5]

See also

References

  1. ↑ Austria, Myrna S. (2003). "Philippine Domestic Shipping Transport Industry: State of Competition and Market Structure". Philippine Institute for development Studies. p. 38. Retrieved June 6, 2008.
  2. ↑ Lopez, Edu (August 6, 2007). "Nenaco aims to become logistics partner for SMEs". Manila Bulletin. Retrieved June 6, 2008.
  3. ↑ Robert Reyes (September 10, 2008), Floating coffins, Philippine Online Chronicles .
  4. ↑ Major marine mishaps in the Philippines, GMA News, June 23, 2008.
  5. ↑ Sea Tragadies, Tinig ng Marino, july–August 2003 Check date values in: |date= (help).

External links