Hashtag: #Polaris

Polaris Holding Company Defers Dividend

Polaris Holding Company Defers Dividend

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced the deferral of their dividend payment. The filing stated, “Please note that, today, the Directors of Polaris Holding Company Ltd., unanimously resolved to defer payment of a proposed dividend to the shareholders of record as at 25 September 2020, payable... Read more of this article

Polaris Holding Reports Financial Results

Polaris Holding Reports Financial Results

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited reported its financial results for the year ended March 31, 2020. The full filing stated: “On August 14, 2020, Polaris Holding Company Ltd. [“Polaris”], parent company to Stevedoring Services Limited [“Stevedoring Services”] and East End Asphalt Company Limited... Read more of this article

Video: BNV With Polaris CEO Warren Jones

Video: BNV With Polaris CEO Warren Jones

Polaris Holding Company CEO Warren Jones joined host Don Burgess this morning [Aug 21] for the latest Bernews News & Views episode, with Mr. Jones discussing the impacts of Covid-19 on the Stevedoring Services business, with the company previously noting they have seen a 25% decline in container cargo and a 43% decline in breakbulk cargo.In a... Read more of this article

‘Several Initiatives To Offset Declining Revenue’

‘Several Initiatives To Offset Declining Revenue’

With Polaris Holding Company having seen a 25% decline in container cargo and a 43% decline in breakbulk cargo, the company said they are taking several initiatives to offset their declining revenue, with the company saying that “if SSL were to do nothing, we would suffer a loss in the region of $1M.” In a filing with the Bermuda Stock... Read more of this article

Polaris Holding Company Defer Dividend

Polaris Holding Company Defer Dividend

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced the deferral of their dividend payment. The filing stated, “Please note that, today, 17 June 2020, the Directors of Polaris Holding Company Ltd., unanimously resolved to defer payment of a dividend in the amount of BD $0.08 per shares to the shareholders... Read more of this article

Importers Reminded To Collect Cargo From Docks

Importers Reminded To Collect Cargo From Docks

Stevedoring Services Limited [SSL] is reminding importers that cargo should be collected from the Hamilton Docks as soon as possible. A spokesperson said, “Stevedoring Services Limited would like to remind all importers [independent and agent representatives] that cargo should be collected from the Hamilton Docks as soon as possible.“Demurrage... Read more of this article

Local Importers Urged To Pick Up Containers

Local Importers Urged To Pick Up Containers

Stevedoring Services Limited is encouraging local importers to pick up their containers as soon as possible in order to avoid congestion on the Hamilton Port. A spokesperson said, “In an effort to maintain safety, efficiency and relieve congestion on the Hamilton Port, we encourage all importers to pick up their containers at the earliest opportunity. “We... Read more of this article

Docks: Cargo Services To Continue To Operate

Docks: Cargo Services To Continue To Operate

Polaris Holding Company – the parent company for Stevedoring Services Limited and East End Asphalt Company Limited — announced that their respective administrative offices will be closed effective today, March 20 until further notice. The company noted:“Cargo Services at the Hamilton Docks will continue to operate as normal. “Polaris... Read more of this article

Polaris Holding Company Share Repurchase

Polaris Holding Company Share Repurchase

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited advised that shares were repurchased. The filing stated; “Please note that, pursuant to an Amalgamation Agreement dated 14 March 2019, between the Company, Duck’s Puddle Properties Ltd. [DPPL] and the other parties as set forth therein [the “Amalgamation Agreement”],... Read more of this article

Polaris Holdings In “Talks With The Union”

Polaris Holdings In “Talks With The Union”

[Updated] Following a staff protest at the docks this morning [Dec 11], Polaris CEO Warren Jones confirmed that they are “currently in talks with the Union about an ongoing personnel situation.” The CEO of Polaris Holding Company Limited, which is the parent company of Stevedoring Services Limited, Warren Jones, stated, “We are currently... Read more of this article

Polaris Release Six Month Financial Results

Polaris Release Six Month Financial Results

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company reported its financial results for the six months ended September 30, 2019. The filing stated: “On November 13, 2019, Polaris Holding Company Ltd. parent company to Stevedoring Services Limited and East End Asphalt Company Limited reported its financial results for the... Read more of this article

Travis Gilbert Appointed EEA General Manager

Travis Gilbert Appointed EEA General Manager

Polaris Holding Company – which in March 2019 acquired East End Asphalt [EEA] – today [Oct 21] announced a major new hire for its newest subsidiary. Travis Gilbert, a senior public officer with the Bermuda Government has been tapped to take on the role as General Manager of the asphalt paving and manufacture business as of November 2019. Travis... Read more of this article

Hamilton Port Open For Business On Tuesday

Hamilton Port Open For Business On Tuesday

[Updated] CEO of Polaris Holding Company, Warren Jones alerted importers, staff and partners that Stevedoring Services and the Hamilton Ports would be open for business on Tuesday, September 24. He said, “Following review of the latest EMO release, please note that the port will be open tomorrow, September 24. A further update on the status of... Read more of this article