Initially, the cargo loaded was mostly goods traded by Lirio Enterprises, Inc. like salt, rice, cement, fertilizers, sugar, etc.

In January 1992, the company expanded into the cargo/passenger shipping business with the purchase of a 175 gross-ton roro car/truck carrier from the U.S. Navy, the LCT St. Mark.

The second and present Lite Ferry 10 was the former Ocean King I of Seamarine Transport Incorporated, first acquired as a charter then later bought by the company.

The M/V Lite Cat 2 is currently serving the Cebu to Tubigon and v.v route providing Boholnons a much bigger, modern and better sea travel experience.

On September 28, 2021, she capsized in the vicinity of Ormoc leading all crew survived and one lady died cause of the sinking is by listing badly.