It is also one of the largest companies in the passenger transport business in the Philippines. It was organized and registered with the Securities and Exchange Commission (SEC) on July 26, 1932 for the purpose of transporting passengers and cargo at various ports of call in the Philippines. In the 60’s Nenaco was the first among the domestic shipping companies to operate brand new, fast and luxur
ious air conditioned passenger ships. In 70’s , it was first to construct and operate a modern passenger terminal in Manila’s North Harbor and likewise pioneered in offering special cruises to the Philippine tourist spots using its coastwise vessels. In the 80’s , Nenaco launched its containerization program and ushered a new industry trend on the use of Roll-on Roll-off (“RORO”) vessels. It also deploys various shuttle buses in Baclaran, Cubao and Alabang which takes passengers to the pier terminal. In the 90’s, it became the first Philippine shipping company to be listed in the stock exchange. Proceeds amounting to P916.86 million from Initial Public Offering (IPO) were utilized to support the “Globalization Program” of the company that involved fleet expansion and service modernization.
