Montenegro Shipping Acquires Ro-Ro Vessel

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)

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Viernes Santo in Kalibo VERA Files - The Inbox
    Viernes Santo in Kalibo

    Photos by Little Wing Luna, VERA Files Text by Mitch Meñez Kalibo, Aklan--Viernes Santo or Good Friday is the most solemn of all the days in Holy Week. It commemorates the Passion and Death of Jesus on the Cross. The … Continue reading → …

  • Hugas Dugo VERA Files - The Inbox
    Hugas Dugo

    Text by Kimmy Baraoidan, VERA Files Photos by Chris Quintana and Kimmy Baraoidan Pakil, Laguna--In the small town of Pakil, Laguna resides a group of men who call themselves Hugas Dugo. Most members of the group are residents of the … Continue reading → …

  • Lenten procession more than just a spectacle VERA Files - The Inbox

    Text and photos by Kiersnerr Gerwin Tacadena, VERA Files Baliuag, Bulacan--This town is hosting what could be the country’s biggest Lenten procession consisting of more than 100 religious statues riding on carriages or carrozas. But concerns are being raised that … Continue reading → …

Poll Choice Options