This marks a major shift in the local shipping landscape, following government regulations that now permit foreign shipping companies to operate domestically.
CNC's new "Luzon Visayas Mindanao Express" (LVMX) service will connect key Philippine ports, including Manila, Cebu, and Cagayan de Oro, with a weekly rotation.
The service will use the Philippines-flagged vessel, CNC Pilipinas, which can carry up to 1,037 twenty-foot equivalent units. The firm aims to enhance local port connectivity and align domestic shipping with its global network.
CNC’s entry is expected to intensify competition, leading to more efficient cargo handling and cost reductions.
One of the key benefits for the local market will be lower logistics costs, especially for essential goods such as food and rice. This is possible because the company will streamline container handling by using the same containers for both international and domestic shipping.
The Department of Transportation lauded the move, citing potential job creation and new opportunities for Filipino seafarers.
The foreign company plans to implement international best practices in its operations, including the use of eco-friendly fuels, further aligning the local industry with global standards.
With CNC’s entry into the domestic market, the Philippine shipping sector is expected to experience greater competition, potentially benefiting businesses and consumers through more affordable shipping options.
