Dennis Uy's Chelsea signs ferry deal with Japan's Fukuoka Shipbuilding

ABS-CBN News

Posted at Jun 25 2019 09:46 AM | Updated as of Jun 25 2019 09:52 AM

Chelsea president Chryss Alfonsus Damuy, Fukuoka president Keiji Tanaka, Chelsea chairman Dennis Uy, Far East Engineering Consultant Co Ltd president Tsuneki Yoshida during the signing ceremony. June 20, 2019. Handout

MANILA - Chelsea Logistics and Infrastructure Corp said Tuesday it signed an agreement with Japan's Fukuoka Shipbuilding Co. Ltd. to build a 123-meter passenger ship.

The ferry ship has a capacity of 1,085 passengers, 24 buses and 11 trucks and is set to be delivered by June 2021, the company controlled by tycoon Dennis Uy's firm told the stock exchange. 

"Our thrust of improving the shipping and logistics industry, together with Fukuoka’s more than 7 decades of shipbuilding expertise, will allow us to accommodate the growing number of passengers in the Visayas and Mindanao regions while employing a significant number of Filipinos onboard," Chelsea president and CEO Chryss Alfonsus Damuy said.