Company Overview of Harbor Star Shipping Services, Inc.
Harbor Star Shipping Services, Inc. provides a range of maritime services in the Philippines. It offers harbor assistance services for public or open ports, as well as to private ports managed by corporations engaged in the oil and gas, power, and mining industries; lighterage services for transporting various types of cargo domestically; salvage services for vessels in distress and wayward vessels, as well as wreck removal services; and cargo handling and towage/lighterage services. The company also provides other marine services comprising oil and chemical spill response, ship repairs, buoy construction deployment and maintenance, ship and crew management, fire fighting, and offshore tug s...
2224 A. Bonifacio Street corner South Super Highway
Founded in 1988
Key Executives for Harbor Star Shipping Services, Inc.
Harbor Star Shipping Services, Inc. does not have any Key Executives recorded.
Harbor Star Shipping Services, Inc. Key Developments
Harbor Star Shipping Services, Inc. Announces Amendments to Articles of Incorporation
Aug 17 15
On 17 July 2014, the Board of Directors of the Harbor Star Shipping Services, Inc., by a majority vote of its members, and on 28 November 2014, the stockholders of the Corporation, by affirmative vote of two-thirds (2/3) of the outstanding capital stock of the Corporation, approved the amendment of the Second Article of the Articles of Incorporation of the Corporation by including new lines of business in the Primary and Secondary Purposes as: For the Primary Purpose, to include international towage, commerce and navigation in the carriage of goods and passengers, and international manning, recruitment, contracting and ship and crew management for all types of vessels; For the Secondary Purpose, to include: operate liner and feeder vessels and barges, and logistics operations; invest in, develop, manage and/or operate in domestic and international shipyards, ports and terminals; import, export, trade, buy and sell coal, oil, bunker, construction material, rice, corn and other commodities; engage in offshore marine and related works; construction and rehabilitation of marine facilities; acquire by purchase, lease, donation or otherwise, and to own, use, improve, develop, subdivide, sell, mortgage, exchange, lease, develop, operate and hold for investments or otherwise, real estate of all kinds, and to perform all acts which are incidental and necessary to the real estate business.
Harbor Star Shipping Services, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 13 15
Harbor Star Shipping Services, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported service income of PHP 225,252,512 against PHP 284,999,303 a year ago. Operating profit was PHP 4,374,390 against PHP 74,182,757 a year ago. Loss before income tax was PHP 7,070,202 against profit before income tax of PHP 68,724,791 a year ago. Loss for the period was PHP 4,356,850 against profit of PHP 48,206,426 a year ago. Profit attributable to owners of the parent was PHP 2,114,635 against profit of PHP 48,206,426 a year ago.
For the six months, the company reported service income of PHP 461,592,307 against PHP 555,746,373 a year ago. Operating profit was PHP 42,843,826 against PHP 136,789,887 a year ago. Profit before income tax was PHP 24,886,328 against PHP 124,293,626 a year ago. Profit for the period was PHP 17,997,651 against PHP 90,828,353 a year ago. Profit attributable to owners of the parent was PHP 24,513,784 against profit of PHP 90,828,353 a year ago. Basic and diluted earnings per share were PHP 0.04 against PHP 0.15 a year ago. Net cash flow from operating activities was PHP 64,607,818 against PHP 135,122,382 a year ago. Acquisition of property and equipment was PHP 305,002,980 against PHP 147,760,674 a year ago. The decline in revenues are due to lower income from towing services (which are not regular in nature) of PHP 12.4 million in June 2015 compared to PHP 75.6 million in June 2014 and decrease in net revenues from harbor assistance of PHP 34.5 million.
Harbor Star Shipping Services, Inc. Declares Regular Cash Dividend Payable on August 5, 2015
Jun 17 15
On 17 June 2015, the Board of Directors of Harbor Star Shipping Services, Inc. approved the declaration of a regular cash dividend of PHP 0.038 per outstanding common share or in the total amount of PHP 23,114,356.80, out of the company's unappropriated net income of PHP 434,143,055.00 for the year ended 31 December 2014, to stockholders of record of the company as of 10 July 2015 and shall be payable on 05 August 2015.
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