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Former Philippine Airlines president Gilbert Santa Maria is now an independent director of Chelsea Logistics and Infrastructure Holdings Corp.
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CLIHC noted Santa Maria’s “extensive expertise in the transportation and logistics industry will provide valuable insights and drive further growth for the Company”
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CLIHC president and CEO Chryss Alfonsus Damuy said the group is committed to continuously manage operational costs and improve efficiency across all segments to sustain the 58% reduction in losses achieved in 2023
Former Philippine Airlines (PAL) president Gilbert Santa Maria is now an independent director of Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC).
CLIHC in a statement said during its annual stockholders meeting on September 20, it welcomed its new Board of Directors member Santa Maria, “whose extensive expertise in the transportation and logistics industry will provide valuable insights and drive further growth for the Company.”
Prior to serving as PAL president and chief operating officer from 2019 to 2022, Santa Maria was with the business process outsourcing industry for 15 years. He also helped lead a Singapore-based internet 1.0 startup, was executive director of Argosy Partners, was one of the youngest general managers of Pepsi Cola Products Philippines’ Manila operations, and was a management consultant at Booz Allen & Hamilton in New York.
During the same meeting, CLIHC president and chief executive officer Chryss Alfonsus Damuy said the group is committed to continuously manage operational costs and improve efficiency across all segments to sustain the 58% reduction in losses achieved in 2023.
Damuy said: “The Company will increase revenues by expanding services which are responsive to market conditions and focus on profitable routes, and also diversify revenue streams. We will continue to invest in technology as automation and digitalization lead to cost savings and better customer experiences. We will explore strategic partnerships for growth and cost-sharing. Finally, we will maintain a stable balance sheet and manage debt levels to ensure liquidity.”
For the first half of 2024, CLIHC reduced its losses by 81% to P81 million net loss after tax from P431 million in 2023. Consolidated revenues from January to June 2024 reached P3.977 billion, marking an 11% growth compared with the P3.577 billion recorded during the same period last year, and even surpassed the pre-pandemic revenues in 2019 by 14%.
The improvement in revenue was driven by the positive performances in all of the group’s business segments, including freight, passage, chartering, tugboats, and logistics.
CLIHC is the shipping and logistics arm of the Udenna Group of Companies. Its subsidiaries include Chelsea Shipping Corp.; Trans-Asia Shipping Lines, Udenna Investments B. V.; Starlite Ferries, Worklink Services, Inc.; TASLI Services, Inc.; and SuperCat.
