Peak Flag secures a two year charter contract with Ka Petra

Net income after tax fell by 26.55% to P9.18 million in the third quarter from P12.49 million in 2014’s comparable period, according to its financial statement released yesterday. Net income after tax fell by 26.55% to P9.18 million in the third quarter from P12.49 million in 2014’s comparable period, according to its financial statement released yesterday.

Peak Flag Sdn. Bhd., a subsidiary of Harbor Star Shipping Services, Inc. (PSE: TUGS), secured a two (2) year charter contract with Ka Petra Sdn. Bhd. to provide STS Operations / harbor services at Malacca Strait / Port, Malaysia.

The tugboats to be chartered, MT Hamal (3200 BHP) and MT Mirzam (3600 BHP), operated at Malaysia’s North Port and Kuantan Port last year. The contract will commence February 2016.

SOURCE:http://www.fabian.ph/2016/02/peak-flag-secures-a-t…