FastCat planning to expand in SE Asia
ROLL-ON/ROLL-OFF (RoRo) operator Archipelago Philippine Ferries Corp. (FastCat) is setting its sights on expanding to Southeast Asian countries, after it completes its $290-million fleet modernization program by 2020.
“In 2010, we embarked on a modernization program and looked for a vessel that is more suitable to our people. We also want to open the country to the ASEAN (Association of Southeast Asian Nations) integration by expanding to Indonesia and Malaysia,” FastCat Chairman Christopher S. Pastrana said during a media briefing on Thursday in Makati City.
The company, which started commercial operations in 2013, is acquiring 30 new mid-sized Catamaran vessels throughout 2020.
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