Hashtag: #Polaris

Polaris Marks Two Years With Board Apprentice

Polaris Marks Two Years With Board Apprentice

Polaris Holding Company said they are celebrating two successful years with the Board Apprentice Global programme and Board Apprentice L. Lloyd Holder. A spokesperson said, “In 2019 Polaris welcomed Mr. L. Lloyd Holder as a board apprentice after being introduced to the Board Apprentice Global programme by the Institute of Directors Bermuda. “As... Read more of this article

Polaris Appoints Tracey Berkeley To Board

Polaris Appoints Tracey Berkeley To Board

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced the appointment of Tracey Berkeley to its Board of Directors, effective immediately. “We are excited to welcome Tracy to the Polaris Board,” stated Cheryl Hayward-Chew, Board Chairman, “and look forward to her sharing her expertise in human capital... Read more of this article

Polaris Holding Defers Payment Of Dividends

Polaris Holding Defers Payment Of Dividends

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announce the deferment of their dividend. The filing stated, “At a Board of Directors meeting held today, the Directors of Polaris Holdings Company Ltd., unanimously resolved to defer payment of dividends to the shareholders of record as at 26 March 2021. “During... Read more of this article

Polaris Holding Defers Payment Of Dividends

Polaris Holding Defers Payment Of Dividends

In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited announced the deferment of their dividend. The filing stated, “At a Board of Directors meeting help on 9 December 2020, the Directors of Polaris Holdings Company Ltd., unanimously resolved to defer payment of dividends to the shareholders of record as at 18 December... Read more of this article

Docks: Industrial Dispute Referred To Tribunal

Docks: Industrial Dispute Referred To Tribunal

[Updated with video] The industrial dispute between Stevedoring Services and the BIU remains “at an impasse with no further progress being made,” so the Minister of Labour has referred the dispute to the Labour Disputes Tribunal. A Government spokesperson said, “The Ministry, including the Labour Relations Section, has been engaged... Read more of this article

Polaris’ Holding Revenue Down $1.57 Million

Polaris’ Holding Revenue Down $1.57 Million

Polaris’ revenue in the first half ended September 30, 2020 was down $1.57 million from the prior year’s top line with the company noting that cargo volumes were down significantly as the virus ”delivered a brutal punch to Bermuda.” This is according to a filing with the Bermuda Stock Exchange [BSX] where Polaris Holding Company Limited... Read more of this article

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