Lorenzo Shipping Corporation Stock

Lorenzo Shipping Corporation is a Philippines-based liner shipping company. The Company is engaged in containerized cargo transport. It provides services and helps customers with finding solutions to their transport needs. The Company owns a fleet of five vessels and three vessels under a transport service contract, calling at 10 ports nationwide, namely Manila, Bacolod, Iloilo, Cebu, Dumaguete, Cagayan de Oro, Zamboanga, Davao, Cotabato and General Santos. The Company operates in a single segment, which is engaged in domestic inter-island cargo shipping activities within the Philippines. The Company’s vessels have a capacity ranging approximately from 426 TEUs to 797 TEUs with speeds of over 11 knots to 15 knots. The Company owns various equipment and facilities to efficiently handle customers' cargoes, including land-based equipment, such as forklifts, top lifts and trucks, and container yards and warehouses in its branches and agencies.