Chelsea Logistics - updates

Rappler's latest stories on Chelsea Logistics

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Dennis Uy's Chelsea Logistics nets P308 million in H1 2019

Aug 14, 2019 - 7:45 PM

Chelsea reports a 14.7% drop in its net income, but its revenues from its shipping business grow an impressive 26%

Dennis Uy's Chelsea Logistics unveils PH's biggest oil tanker

Oct 07, 2018 - 4:31 PM

The M/T Chelsea Providence is a 183.3-meter long medium-range oil tanker that can carry up to 54 million liters of petroleum

Dennis Uy-led Chelsea Logistics to expand into infrastructure

Mar 20, 2018 - 6:15 PM

The company says it will 'find [the] best ways to complement' the Build, Build, Build program of the Duterte administration

PRIME MOVER. The shipping and logistics business of the Udenna Group wants to expand into infrastructure. Photo from Chelsea Logistics

Chelsea Logistics submits P67-B bid to develop Davao, Bohol airports

Mar 09, 2018 - 12:37 PM

The unsolicited proposal seeks to upgrade and maintain both airports over a 30-year concession period

Net income of Chelsea Logistics quadruples on 2GO acquisition

Nov 16, 2017 - 2:12 PM

The increase in net income is driven by Chelsea Logistics Holdings Corporation's acquisition of two more logistics companies and shares in the 2GO Group

PRIME MOVER. The shipping and logistics business of the Udenna Group started in 2006 with the acquisition of a tanker in support of the operations of Phoenix Petroleum Philippines Incorporated. Photo from Chelsea Logistics

Chelsea Logistics offers to buy Starlite Ferries

Sep 04, 2017 - 2:00 PM

Dennis Uy says the planned acquisition will bring Chelsea Logistics a step closer to fulfilling its growth commitment

PLANNED ACQUISITION. Starlite and its subsidiaries have 14 vessels in the fleet, of which 5 are RORO passenger vessels that were acquired in 2016 and 2017. Photo from Starlite official website

How to grow a business, according to Dennis Uy

Aug 16, 2017 - 10:00 AM

The 43 year old businessman from Davao – also a staunch supporter of President Rodrigo Duterte – is one of the most aggressive dealmakers in the country acquiring companies left and right

Sit down interview with Phoenix Petroleum President and CEO Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

How the Sy family and Dennis Uy became business partners

Aug 15, 2017 - 6:04 PM

Davao based businessman Dennis Uy has earned the trust of the Philippines richest family the Sys who backed him in his foray into shipping and logistics

Sit down interview with Phoenix Petroleum President and CEO Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

Chelsea Logistics stock closes in the red on PSE debut

Aug 08, 2017 - 5:55 PM

Investors take their profits after initially seeing gains on Chelsea Logistics first day of trading

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.

Chelsea Logistics' final offer price: P10.68 each

Jul 20, 2017 - 7:11 PM

This is lower compared to the P14 63 maximum offer price earlier set by the company

GO PUBLIC. Thirty percent of the company’s outstanding common shares will be listed with the Philippine Stock Exchange on August 8 under the ticker symbol 'CLC.' In the photo is Chelsea founder Dennis Uy. Photo by LeAnne Jazul/Rappler

Steering the course to growth: Chelsea Logistics Corp.

Jul 20, 2017 - 5:59 PM

CEO Chryss Alfonsus V Damuy shares growth plans ahead of the company’s IPO announcement this month

PSE approves Dennis Uy's Chelsea Logistics IPO

Jul 19, 2017 - 5:52 PM

Priced at P14 63 each Chelsea Logistics expects to earn P7 59 billion from the initial public offering to fund its fleet expansion and acquisition of logistics and shipping firms among others

TO BE PRIME MOVER. 'Going public will further strengthen our position to serve the need for better shipping and logistics in a fast-growing economy like the Philippines,' Chelsea founder Dennis Uy says. Photo by LeAnne Jazul/Rappler

Dennis Uy's Chelsea Logistics gets SEC approval for IPO

Jul 11, 2017 - 9:10 PM

The Securities and Exchange Commission approves Chelsea Logistics Corporation s planned P8 billion initial public offering

'GREAT DAY.' 'This is a great day for us. Thank you. I hope we can get the support of the investors,' Chelsea chief Dennis Uy says. Photo by Leanne Jazul/Rappler

Dennis Uy's Chelsea Logistics wants a bigger pie of 2GO

May 18, 2017 - 6:39 PM

Chelsea Logistics which aspires to become the prime mover of goods and passengers in the Philippines plans to raise P8 billion via IPO in July

LOGISTICS CRAZE. Chelsea Logistics locks in a $200-million (P10.96 billion) loan with Bank of China, as 'it works toward a bigger role in the country’s transportation and logistics industry.' Image from www.chelseashipping.ph

Dennis Uy to develop $300M resort and casino in Cebu

May 04, 2017 - 5:02 PM

Udenna plans to break ground for the integrated resort and casino in 3 months time It targets to complete the development in 2022

CEBU CASINO. Dubbed as Lapu-Lapu Leisure Mactan, the development will rise within a 12-hectare prime beachfront 6 kilometers, or a 20-minute drive, away from the Cebu airport. Rappler file photo

Chelsea Logistics plans to go public to make the most of ASEAN trade

Apr 25, 2017 - 3:03 PM

CLC is the second company under the Udenna Group to go public following the listing of Phoenix Petroleum Philippines in 2007

ASEAN POTENTIAL. Chelsea Logistics chief Dennis Uy says the company's expansion aligns with initiatives to strengthen cooperation and promote trade within the Association of Southeast Asian Nations (ASEAN). Photo from Udenna Corporation