C00961-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Feb 21, 2017
2. SEC Identification Number
152897
3. BIR Tax Identification No.
201-128-653-000
4. Exact name of issuer as specified in its charter
Harbor Star Shipping Services, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2224 A. Bonifacio St., corner South Super Highway, Brgy. Bangkal, Makati City Postal Code 1233
8. Issuer's telephone number, including area code
(+632) 886-3703
9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 605,238,580
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Harbor Star Shipping Services, Inc. TUGS

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Towing/Delivery Operations by M/V Rho Cas

Background/Description of the Disclosure

On 21 February 2017, Harbor Star’s M/V Rho Cas successfully completed the delivery of a barge carrying quay cranes to CaiMep, Vietnam from Oita, Japan. The towing engagement amounting to US$ 645,000 is Rho Cas’ first overseas job for 2017. The revenue generated is already equivalent to 50% of last year’s towing revenue.

The 9,180 BHP M/V Rho Cas is the most powerful towing tug in the Philippines. Part of the funds generated from Harbor Star’s IPO in 2013 was used to purchase the vessel.

Other Relevant Information

Please see attached photos of M/V Rho Cas

Filed on behalf by:
Name Maximo Modesto Joel Flores
Designation Assistant Corporate Secretary