History of 2go

The first precursor company to 2GO Group Inc. began on May 26, 1949. Eventually, the
Aboitiz Transport System was formed by, first, the breakup of WG&A SuperFerry
into SuperFerry and Carlos A. Gothong Lines. WG&A SuperFerry is now known simply as
SuperFerry. It is the passenger travel and leisure brand of the Aboitiz Transport System (ATS)
Corp. Through Aboitiz-Jebsen, SuperFerry has the honor of being the first shipping company in
the Philippines to receive the International Ship Management Code, a certification of compliance
with the international standards on safety management, emergency preparedness, environmental
protection, maintenance of ship requirements, quality along with training of the crew, and
development plans for shipboard operations. SuperFerrys entire fleet is also compliant with the
International Ship and Port Facility Security Code. Carlos A. Gothong Lines on the other hand is
popularly known as CAGLI and formerly once known as simply Gothong Lines, is a passenger
and cargo ferry company based in Cebu, Philippines. CAGLI was formerly a part of WG&A
SuperFerry, a company in January 1996 which served 23 major provincial ports throughout the
Philippines.

After the split of WG&A SuperFerry is the merging of SuperFerry with Cebu
Ferries and SuperCat fast ferries to form the Aboitiz Transport System. Cebu Ferries was a
shipping company based in Batangas City and Cebu City, Philippines. Its hubs were Batangas
Port in Batangas and Pier 4 in Cebu City. Formerly the shipping company was a subsidiary of
William Gothong & Aboitiz, better knowns as WG&A. When WG&A split up, Jon Ramon
Aboitiz retained Cebu Ferries and the shipping companys sisters SuperCat Fast Ferry
Corporation and SuperFerry. The SuperCat Fast Ferry Corporation, commonly known
as SuperCat, was a shipping company that operated a fleet of High Speed Catamarans (HSC) in
the Philippines Supercat operated 7 vessels in 7 ports around the Philippines.

In December 2010, the former major stockholders of the company, namely Aboitiz
Equity Ventures and Aboitiz and Company Inc. sold their shares to Negros Navigation Co. Inc.
(NENACO), for US$105 million. The equity value included all the logistics and shipping
businesses of the company, except its interest in its joint ventures with the Jebsen Group of
Norway. Negros Navigation Co., Inc. (NENACO) was one of the oldest domestic shipping
companies in the Philippines. It was also one of the largest companies in the passenger transport
business in the Philippines.[1] Its main hub was the renowned Pier 2 in Manila North Harbor.
NENACO later merged with SuperCat, SuperFerry and Cebu Ferries to form 2GO Travel, the
second largest Philippine shipping merger next to the William Lines-Gothong Lines-Aboitiz
Shipping merger (WG&A) in 1996. The 'NENACO' brand was retired in mid-2012

At the same time, December 2010, Negros Navigation announced that the China-Asean
Investment Cooperation Fund acquired a controlling stake in the company through
an equity infusion. The China-Asean Investment Cooperation Fund is a Netherlands-based,
private equity firm wholly owned and controlled by the Government of the People's Republic of
China. Because Negros Navigation was a privately held firm the exact amount invested by the
Fund was not disclosed.[1] In short, the mainland Chinese government set up the China-Asean
Investment Cooperation Fund, which then among other investments in the region took a
controlling stake in Negros Navigation, which in turn purchased SuperFerry and related brands
and re-branded itself 2GO Group.