Harbor Star Shipping Services Inc. said it renewed a marine tugboat service agreement with Pearl Energy Philippines Operating Inc. for another three years.
Harbor Star under the agreement will provide three tugboats to assist the arriving ship vessels at the Mauban port of Pearl Energy from November 1, 2017 to October 31, 2020.
Harbor Star has been the tugboat service provider of Pearl Energy since it started commercial operations in May 2000.
Harbor Star president and chief executive Geronimo Bella Jr. earlier said the company was in talks with the Port Authority of Myanmar, which was building a tank farm to serve as an oil depot for an oil company.
Bella said Harbor Star planned to provide tugboat assistance services to the tank farm, which was slated for completion by the third quarter of 2017.
Harbor Shipping is also in talks with a company in Indonesia, which needs two tugboats to support existing operations, he said. Harbor Star has operations in Malaysia.
Bella said with the planned international expansion, the company was looking to add six tugboats to the current fleet of 52.
Port operator International Container Terminal Services Inc. earlier teamed up with Harbor Star to operate the Cavite Gateway Terminal on a six-hectare property owned by the former in Tanza, Cavite.