OceanJet

What OceanJet does

OceanJet is a Philippine privately-held passenger ferry operator incorporated as Ocean Fast Ferries Inc., headquartered at Pier 4, McArthur Road, Cebu City. The company runs high-speed, point-to-point ferry services across approximately 10 destinations spanning Luzon (Batangas, Calapan), the Visayas (Cebu, Tagbilaran, Ormoc, Palompon, Bacolod, Iloilo, Siquijor, Dumaguete, Larena), and Mindanao (Surigao). Its fleet uses Axe Bow design vessels built locally in Cebu, which the company cites as the basis for faster, more efficient travel versus competitors, supported by scheduled maintenance without service disruption.

The company sells tickets through a direct-to-consumer e-commerce platform at oceanjet.net and a network of 15+ physical ticketing offices across the Philippines, supplemented by third-party Padala outlets. The product offering is structured as three ticket classes — Business Class (20KG free baggage allowance), Tourist Class (10KG), and Open-Air (10KG with trolley check-in) — with ancillary revenue from excess baggage and fragile item handling fees. Online refund and rebooking flows, group bookings, and email-based customer service complete the commercial surface.

The go-to-market is entirely domestic: individual leisure and business travelers are the primary segment, with group reservations as a secondary use case. Marketing runs primarily through owned social channels (@oceanjetofficialph) with hashtags such as #Jetters and #FastAndEasy, plus the booking platform and travel advisory content. With 501-1000 employees, no external equity funding, and no disclosed parent company, OceanJet operates as an independent mid-sized carrier in the Philippine inter-island transport market.

Name

OceanJet

Legal name

Ocean Fast Ferries Inc.

Website

https://oceanjet.net

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

OceanJet is a private Philippine passenger ferry operator (Ocean Fast Ferries Inc.) providing high-speed, point-to-point inter-island service across approximately 10 domestic destinations using locally built Axe Bow vessels, selling tickets to individual travelers via its website and a 15+ office network.

Ownership category

akta.pro rank

Product category

Passenger Ferry Transportation

NAICS

Coastal and Great Lakes Passenger Transportation (483114), Deep Sea, Coastal, and Great Lakes Water Transportation (48311), Water Transportation (483)

SIC

Water Transportation (4400)

akta.pro industry

PRIMARYTLAFALAA

Passenger Ferry Operators (Interisland/Intercity)

Transportation & Logistics/Passenger Transportation (Air, Rail, Bus, Taxi/Rideshare)/Ferry & Passenger Water Transport Operators

SECONDARYTHAEAGAA

Passenger Ferry Operators (Intercity & Regional)

Travel & Hospitality/Cruises & Maritime Leisure Travel/Ferries & Leisure Passenger Shipping

SECONDARYTHAEAGAD

High-Speed Catamaran & Fast Ferry Services

Travel & Hospitality/Cruises & Maritime Leisure Travel/Ferries & Leisure Passenger Shipping

SECONDARYTLAFALAE

Passenger Catamaran Operators

Transportation & Logistics/Passenger Transportation (Air, Rail, Bus, Taxi/Rideshare)/Ferry & Passenger Water Transport Operators

Keywords

• Passenger ferry services
• Inter-island transportation
• Online ticket booking
• High-speed catamaran
• Philippine sea travel

Headquarters

HQ city

Cebu City

HQ country

Philippines

HQ region

Asia

Offices15 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Passenger Ferry Tickets: OceanJet generates revenue through the sale of ferry tickets for point-to-point passenger transport between Philippine ports. The company offers different ticket classes including Tourist Class, Open Air, and Business Class.
2. Excess Baggage Fees: Additional revenue is generated from excess baggage charges when passengers exceed the free baggage allowance. Fees vary by route and weight tier.
3. Fragile Item Handling: Fees are charged for fragile item transport, based on volume or actual weight whichever is higher.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

OceanJet operates a point-to-point high-speed passenger ferry service connecting major Philippine ports (Bacolod, Batangas, Calapan, Cebu, Dumaguete, Iloilo, Larena, Ormoc, Siquijor, Tagbilaran, plus Palompon and Surigao). Tickets are sold through its own booking website and a network of more than 15 physical ticketing offices, with three passenger classes (Tourist, Open-Air, and Business Class) distinguished primarily by baggage allowance and seating.

Product overview

OceanJet is a high-speed ferry service operated by Ocean Fast Ferries, Inc., offering point-to-point liner transportation between major Philippine destinations. The company operates a unified service combining the core Ferry Service with an integrated Online Booking Platform for ticket reservations and a Refund & Rebooking Service for booking management. Passengers can choose from three ticket classes: Business Class (20KG baggage), Tourist Class (10KG baggage), and Open-Air (10KG baggage). The fleet features Axe Bow design vessels built in Cebu for enhanced speed and efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• OceanJet Passenger Ferry Service High-speed point-to-point passenger ferry transportation connecting major Philippine destinations including Bacolod, Batangas, Calapan, Cebu, Dumaguete, Iloilo, Larena, Ormoc, Siquijor, Tagbilaran, Palompon, and Surigao, operated with Axe Bow design vessels built in Cebu.
• OceanJet Online Booking Platform Self-serve online ticketing system at oceanjet.net that lets passengers search routes, select round-trip or one-way itineraries, and book tickets for up to 10 passengers (adults, children, infants) per transaction.
• Online Refund & Rebooking Service Booking-management service that lets customers submit refund or rebooking requests online through a four-step process (select request type, fill form, submit, receive confirmation email), with fee schedules tiered by check-in status and time to departure.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Cokaliong Shipping Lines: Cokaliong operates passenger ferries and RoRo vessels primarily in the Visayas and Mindanao, directly overlapping with OceanJet's Cebu-centric interisland network. Closely comparable on vessel type and customer segment.
• Trans-Asia Shipping Lines: Trans-Asia operates fast craft and conventional passenger ferries in the Visayas, including Cebu-based services. A direct competitor on several OceanJet routes, particularly Cebu-Ormoc and other short-haul interisland lanes.
• Starlite Ferries: Starlite Ferries is a Batangas-based RoPax operator connecting Luzon to the Visayas, directly overlapping with OceanJet's Batangas-Calapan corridor and adjacent routes. Similar passenger transport model with comparable pricing tiers.
• FastCat (Archipelago Philippine Ferries): FastCat is a government-backed fast ferry operator serving interisland Philippine routes. It competes with OceanJet on similar corridors and provides a useful comparison for government-subsidized pricing pressure on private operators.
• 2GO Travel: 2GO Travel is the Philippines' largest passenger ferry operator, providing interisland RoRo and fast ferry services on overlapping routes with OceanJet. It is the most direct comparable in scale, route network, and target customer base.
• Weesam Express: Weesam Express operates fast ferry services in the Visayas using fast craft vessels, directly competing with OceanJet on speed-sensitive interisland routes. Highly comparable on vessel profile and target customer.
• Montenegro Shipping Lines: Montenegro is one of the largest Filipino RoRo ferry operators, serving Visayas and Luzon routes with similar point-to-point interisland passenger service. Directly competes with OceanJet on overlapping Philippine corridors.

Regional players

• Lite Ferries: Lite Ferries operates RoRo passenger ferries primarily in the Western Visayas, a regional Philippine corridor. Comparable in service model but with a more focused geographic footprint than OceanJet's national network.
• Roble Shipping Lines: Roble operates interisland passenger and cargo ferry services connecting Cebu and Mindanao. A smaller-scale regional competitor that nonetheless overlaps on key OceanJet routes to southern Philippines.
• Bali Ferries (Indonesia): Indonesia's interisland fast ferry operators serve the Bali-Java-Lombok-Gili corridor with similar fast craft vessels. While geographically distinct, they offer a useful regional benchmark for Southeast Asian fast ferry unit economics and seasonal demand patterns.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/OceanjetFerries
• Facebookfacebook.com/oceanjet
• LinkedInlinkedin.com/company/oceanjet

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OceanJet