Archipelago Philippine Ferries Corporation Overview and Performance

Author

Reads 5.3K

Colorful waterfront scene with docked ferries in vibrant Istanbul.
Credit: pexels.com, Colorful waterfront scene with docked ferries in vibrant Istanbul.

Archipelago Philippine Ferries Corporation is a major player in the country's ferry industry, with a history dating back to 2005. It was founded by a group of entrepreneurs who saw a need for a reliable and efficient ferry service in the Philippines.

The company's mission is to provide safe, reliable, and comfortable transportation to its passengers, with a focus on customer satisfaction. This is evident in its fleet of modern and well-maintained ferries that cater to different routes and passenger needs.

With a strong presence in the country's major ports, Archipelago Philippine Ferries Corporation has established itself as a trusted brand in the industry. Its commitment to excellent service has earned it a loyal customer base and a reputation for excellence.

For more insights, see: Oil Price Information Service

Industry Benchmark

The Archipelago Philippine Ferries Corporation, or APFC, operates FastCat, which has seen a 90 percent plunge in sales and operations due to the enhanced community quarantine.

APFC has over 800 employees, and the company is striving to pay their salaries despite the significant drop in vessel utilization.

Large Lite Ferry ship docked in Cebu City, Philippines at dusk.
Credit: pexels.com, Large Lite Ferry ship docked in Cebu City, Philippines at dusk.

FastCat vessels are roll on/roll off (RORO) vessels that cannot be used as hospital ships, unlike other domestic ferries.

The company is hoping that banks and government regulators may give some form of assistance by waiving charges and granting tax relief or fixed port fees.

APFC is committed to continuing to serve the Filipino people by helping in the transportation of essential goods to all the different islands across the country.

FastCat vessels and crew continue to be stationed at all ports, and operations are maintained, following the strict policy of Maritime Industry Authority and Department of Transportation in ensuring safety of all personnel and passengers.

Environmental Impact

Archipelago Philippine Ferries Corporation currently does not have available carbon emissions data, as indicated by the absence of specific figures in kg CO2e.

The lack of data suggests that the company may not yet have established formal commitments to reduce its carbon footprint or engage in industry-standard climate initiatives.

If this caught your attention, see: Cynergy Data

Beautiful summer view of a rocky Finnish archipelago with pine trees and a blue sky.
Credit: pexels.com, Beautiful summer view of a rocky Finnish archipelago with pine trees and a blue sky.

Many companies in the maritime industry are increasingly focusing on sustainability and carbon reduction strategies, but without specific emissions data or commitments, it's unclear how Archipelago Philippine Ferries Corporation aligns with these industry trends.

The company may consider developing a framework for measuring and reporting its carbon emissions, as well as setting reduction targets to contribute to global climate goals.

Archipelago Philippine Ferries Corporation has no documented reduction targets or climate pledges associated with the company.

This lack of data and commitments may make it difficult for the company to make informed decisions about its environmental impact and contribute to global climate goals.

Recommended read: SGL Carbon

Background Information

Archipelago Philippine Ferries Corporation's history dates back to the early 1990s, when Christopher S. Pastrana was dissatisfied with the sailing conditions during his travels to his father's hometown in Matnog, Sorsogon.

The company, then known as Capp Group of Companies, primarily transported bulk cargo for the fertilizer industry. APFC was later incorporated in 2002 and initially operated as Maharlika for 11 years until 2013.

Passengers enjoy a scenic ferry ride at sunset with flying birds over the sea.
Credit: pexels.com, Passengers enjoy a scenic ferry ride at sunset with flying birds over the sea.

The Philippine government invited APFC to be part of the Road-RoRo Terminal System-Strong Republic Nautical Highway project in 2004. This partnership helped modernize Philippine ports in the east and west sea corridor.

APFC's fleet was upgraded in 2010 with the acquisition of 10 Ro-Ro vessels from Australia-based Sea Transport Solutions. This made APFC the first ferry company in the Philippines to operate catamaran-type Ro-Ro vessels.

As of January 2024, APFC operates seven routes and plans to expand to the Central Visayas market and connect Palawan to Luzon.

Sean Dooley

Lead Writer

Sean Dooley is a seasoned writer with a passion for crafting engaging content. With a strong background in research and analysis, Sean has developed a keen eye for detail and a talent for distilling complex information into clear, concise language. Sean's portfolio includes a wide range of articles on topics such as accounting services, where he has demonstrated a deep understanding of financial concepts and a ability to communicate them effectively to diverse audiences.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.