Lorenzo Shipping Corporation (LSC) was founded and incorporated in 1972. LSC's business focus has evolved from that of being a break-bulk cargo carrier to a fully containerized cargo shipping company. LSC owns and operates vessels to provide domestic inter-island cargo liner services to the general public. In particular, LSC owns and operates a fleet of seven vessels deployed to key ports in Manila, Visayas and Mindanao. LSC also owns various equipment and facilities to efficiently handle customer cargoes including land-based equipment such as forklifts, toplifts and trucks, and container yards and warehouses in its branches and agencies. LSC markets its services through a network of branches and agencies nationwide. The network is comprised of six branches, namely, Cebu, Davao, General Santos, Cotabato, Iloilo and Cagayan, while the three agencies are Zamboanga, Dumaguete and Bacolod. LSC's Manila operations under its corporate office handle all inbound and outbound volume in Manila. Source: SEC Form 17-A (2008)