Mabuhay Vinyl Corporation (MVC) recently signed an agreement with Magsaysay Ship Management, Inc. (MSI) for the marine and technical management of MVC's tanker vessel, M/T 'Snoopy II'.

Signed during a luncheon at the Papel Restaurant of the Magsaysay Institute of Hospitality and Culinary Arts (MIHCA), the agreement entails the services of MSI, a member of the Magsaysay Transport & Logistics Group, to provide full ship management requirements to MVC's tanker vessel which transports hydrochloric acid in bulk from MVC's plant in Iligan City to Bauan, Batangas.

MVC is one of the country's leading providers of chemical products and related services for enhancing life and preserving the environment. MVC derives its products from one of the most basic things on earth, salt from seawater, then breaks down salt into its basic parts and turns each of these compounds into chemicals that people need in their everyday life. MVC has been serving millions of people this way for more than 45 years. MVC is listed in the Philippine Stock Exchange since 1997.

MSI currently manages 41 vessels, consisting of product and chemical tankers, petroleum barges, container ships, general cargo ships, fast-ferries, and specialized vessels in the domestic trade. The addition of MVC's vessel brings to 42 the total number of vessels managed by MSI.