Harbor Star Shipping profit jumps to P282M in 9-month period

Harbor Star Shipping Services, Inc. (HSSSI) posted a profit of P282.626 million in the first nine months of 2026, a 227.2% surge from P86.371 million in the same period last year.

Service income from January to September reached P2.465 billion, up 17% from P2.106 billion in the same period last year, HSSSI reported in a regulatory disclosure.

Revenue from harbor assistance, which accounted for more than half of total service income, rose 9.2% year-on-year to P1.417 billion.

Salvage income saw a whopping 374% year-on-year increase to P412.709 million. During the third quarter alone, HSSSI recognized a salvage revenue of P335.81 million.

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