48 | theceomagazine.com
LISTED for
GREATNESS
Getting listed on the Philippine Stock Exchange kicked off a string of
improvements for Chelsea Logistics Holdings Corp.WORDS SHARON MASIGE • IMAGES CHELSEA LOGISTICS HOLDINGS CORP.F
or Chelsea Logistics Holdings
Corp. President and CEO Chryss
Damuy, the company’s public
listing was a game changer that
opened a range of opportunities
for the business in the long term.
Chryss’s career has involved working at a
variety of export companies, tracking vessels,
and managing various shipments. He then
took up a position at Phoenix Petroleum
Philippines which, at the time, was Chelsea
Logistics’ parent company. As an independent
oil company, Phoenix deals with petroleum
products and operates oil depots and transport
and storage facilities. After a while, the boss at
Phoenix saw Chryss’s potential and moved
him to the shipping side of the business.
“I delivered a good performance in the
petroleum group because it required shipping
knowledge,” Chryss says. “So the owner
decided to move me to the shipping groupbecause I had been working with him for
quite some time.”
Chelsea Logistics specialises in
transporting passengers, oil, petroleum and
other bulk products, with a fleet that includes
11 tankers, eight tugboats, four barges and
three cargo vessels. One of the greatest
milestones for Chelsea Logistics so far has
been getting listed on the Philippine Stock
Exchange in 2017. Before that, as a subsidiary
of Phoenix Petroleum, Chryss says, the
company was heavily dependent on Phoenix’s
affiliates. But with the listing, it has been able
to broaden its customer reach. “Before,
Chelsea had been serving mostly the
requirements of the affiliated company,
Phoenix,” he says. “When I joined, Chelsea
used to be very dependent on affiliates –
around 70 to 80 per cent of our revenue
came from them. Now we’ve been growing
the revenue but are less dependent on »INSPIRE | Interview