[1][2] PSACC is one of the largest domestic shipping and container companies in the Philippines in terms of the number of vessels operated and gross tonnage.

[5][6] Sulpicio Lines catered to a niche market, opening tertiary and developmental passenger routes to isolated communities in Central and Eastern Visayas.

[9][10] The Court of Appeals, in a 237-page landmark decision dated June 28, 2024, written by Justice Wilhelmina Jorge-Wagan, held that Philippine Span Asia Carrier Corporation formerly Sulpicio Lines, Inc. was guilty of gross negligence and consequently liable for the deaths of 814 passengers and 500 missing in the 2008 MV Princess of the Stars shipwreck.

In upholding the Manila Regional Trial Court Branch 49's judgment, the CA ordered PSACC owners Enrique Go, Eusebio Go, Carlos Go, Victoriano Go, Dominador Go, Ricardo Go, Edward Go and Edgar Go, to pay a total of P129,854,502.57 damages to the victims' heirs, survivors, families and relatives, represented by counsel Persida Acosta.

However, because of their disreputable public image after a series of ferry disasters, PSACC has been banned from carrying passengers and is currently limited to cargo shipping.