|Address||26th Floor, Fort Legend Towers, 3rd Ave. corner 31st St., Bonifacio Global City, 1634 Taguig City|
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Chelsea Shipping Corp. was incorporated on July 17, 2006 under SEC Registration No. 200628661. Its principal office address is at Stella Hizon Reyes Road, Bo. Pampanga, Lanang, Davao City and has a Manila office at 26th Floor, Fort Legend Towers, 3rd Avenue corner 31st Street, Bonifacio Global City, Taguig City 1634.
CHELSEA is engaged in the business of maritime conveyance or carriage, of petroleum products, goods and merchandise of every kind, over waterways in the Philippines.
CHELSEA is a wholly-owned subsidiary of Udenna Management & Resources Corp. (UMRC). In turn, CHELSEA holds 100% direct ownership interest in Bunkers Manila, Inc. (BMI) and Michael, Inc. (MI), PNX- Chelsea Shipping Corp (PNX-Chelsea) and Chelsea Ship Management and Marine Services Corp. (CSMMSC), all of which are incorporated in the Philippines.
– BMI was incorporated on 7 March 2000, and serves the growing demand of marine fuel (bunker) of foreign vessels calling on Philippine ports. Aside from international bunkering, BMI is also engaged in the business of hauling marine fuel and petroleum products for oil majors.
– MI was incorporated on 16 December 1957, and is engaged in the business of acquiring and operating vessels for charter or hire and for the conveyance and carriage of goods, wares, and merchandise of every description in the Philippines. MI is also engaged in the business of trading of fuel oil.
Both BMI and MI became wholly owned subsidiaries of CHELSEA when the former stockholders of these Companies entered into a Share Purchase Agreement (SPA) dated January 31, 2008 and August 31, 2008, respectively, for the sale and purchase of the said Companies’ total outstanding capital stock. The registered office of BMI, which is also its principal place of business, is located at Stella Hizon Reyes Road, Barrio Pampanga, Davao City while the registered office of MI, which is also its principal place of business, is located at 12 Dagohoy Street, San Antonio Village, Banilad, Cebu City.
– PNX–Chelsea was incorporated on 2 February 2011 and is engaged in the business of ownership and operation of vessels for domestic trade for the purpose of conveyance or carriage of petroleum products, goods, wares and merchandise of every kind and description. PNX- Chelsea’s principal office address is Stella Hizon Reyes Road, Barrio Pampanga, Davao City.
– CSMMSC was incorporated on 30 March 2012 and is engaged in ship management, and acts as agent, broker, ship chandler, or representative of foreign/domestic shipping corporations and individuals for the purpose of managing, operating, supervising, administering and developing the operation of vessels belonging to shipping corporations or individuals. CSMMSC is also authorized to act as principal and hire the services of a local manning agent for the overseas employment for seamen, and to equip any and all kinds of ships, barges and vessels of every class and description. CSMMSC’s principal office address is at the 26th Floor, Fort Legend Tower, 3rd Ave corner 31st Street, Bonifacio Global City, Taguig City.
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