Lorenzo Shipping Corp. Stock Analysis LSC.PM

Lorenzo Shipping Corp. is a liner shipping company, which engages in containerized cargo transport. The firm is engaged in containerized cargo transport. The company provides services and helps customers with finding solutions to their transport needs. The firm owns a fleet of five vessels and three vessels under a transport service contract, calling at approximately 10 ports nationwide, namely Manila, Bacolod, Iloilo, Cebu, Dumaguete, Cagayan de Oro, Zamboanga, Davao, Cotabato and General Santos. The firm 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 twenty-foot equivalent units (TEUs) to 797 TEUs with speeds of over 11 knots to 15 knots. The firm 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.