During the early part of the ninety’s, Mr. Emmanuel B. Aznar acquired a barge named LCT MELRIVIC 1 for use by E.B. Aznar Mining Co.

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It was primarily to transport coal from Cebu to Negros and occasionally, tramping contract for clients to various ports in the Philippines. When the demand for local coal began to drop due to the influx of cheaper imported coal, it was decided to maximize the usage of the vessel and engage in the shipping business to serve the sub-ports for which a lack of bottoms was seen.

E.B. AZNAR SHIPPING CORPORATION (EBASCO) was incorporated on December 11, 1992 as a family corporation of Emmanuel B. Aznar.  The principal place of business is at the 2nd floor of Aznar Bldg., T. Padilla Street, Cebu City.

The corporation is composed of Emmanuel B. Aznar as President, Mrs. Zoraida S. Aznar as Corporate Secretary and Treasurer and the children, Dr. Theresa S. Aznar, Dr. Odalie Aznar-Madamba and Atty. Alexander S. Aznar as directors.

​"Strengthen the Company’s existing core markets (sub-ports) and upgrade the vessels used/improve service offered on existing routes that shows the best growth potential."