MANILA, Philippines - Montenegro Shipping Lines, Inc. (MSLI) has recently acquired a second-hand roll-on roll-off (Ro-Ro) vessel from South Korea for P86 million under a lease agreement with the DBP Leasing Corp. (DLC).
DLC vice president for leasing and corporate services Ricardo Romero and DLC vice president for shipping operations Ronilo Bacolod turned over the MV Maria Lolita to MSLI after completing the five-year lease contract.
MV Maria Lolita is one of the four Ro-Ro vessels acquired by MSLI under the DLC lease financing scheme.
The three other second-hand Ro-Ro vessels are MV Maria Natasha which sails between Batangas City and Calapan City; MV Maria Oliva, plying the Roxas, Mindoro-Catiklan, Aklan route and the MV Reina Divina Gracia plying the Lucena City-Balanacan, Marinduque route.
Montenegro Lines, which operates 31 ships, have been serving the Filipinos for almost three decades with four vessels transporting goods from one island to another.
Meanwhile, with the expansion of scope of its leasing activities, DLC has recently approved the lease application for a second-hand container by Meridian Cargo Forwarders, Inc. (MCFI).
The three-year lease contract has a total project cost of P151 million.
MV Rachel has a maximum capacity of 256 units of 20-foot containers and would be deployed in the developmental route between Manila and Puerto Princesa in Palawan. (EHL)
The US ambassador to South Korea, Mark Lippert, was recovering from surgery Thursday after having his face and arm slashed by a knife-wielding activist in an attack applauded by North Korean state media. The United States said it will never be deterred by "acts of violence" as the ambassador was rushed to hospital where his condition was described as stable after two-and-a-half hours of surgery that included 80 stitches to a deep gash on his right cheek. In a brief despatch, North Korea's …