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Home » News » Financial News

Financial News

Aegean Marine Petroleum appoints new CFO
18 Mar 2018 09:02 GMT
Pavlos Papageorgiou has more than 20 years' experience in the financial services sector.

Rotterdam to usher in EUR5m incentive for ships using low- and zero-carbon fuels
13 Apr 2018 14:41 GMT
Port explains that in order to slash emissions by more than 50%, it will require the use of alternative fuels.

Monjasa swings back into profit in 2017
12 Apr 2018 13:32 GMT
Revenue jumped 16.7% despite 300k-tonne dip in bunker sales volume.

Quadrise share price plummets more than 27% in morning trading
06 Apr 2018 09:45 GMT
Company's share value has fallen 70% in just over six trading days.

Brightoil still unable to provide results release date
03 Apr 2018 14:22 GMT
'The Audit Committee may require further time to consider the further steps,' Brightoil says.

Cockett Marine Oil swings into profit as bunker revenue rises
27 Mar 2018 19:01 GMT
Revenue from bunker fuels increased as a result of higher crude prices: Grindrod.

Grindrod to list shipping division on Nasdaq
27 Mar 2018 16:56 GMT
Revenue of business heavily influenced by the sales of Cockett Marine Oil and Unicorn Bunkers.

Quadrise posts GBP 2m interim loss
27 Mar 2018 11:09 GMT
Result is a GBP 0.4m improvement on 2016 and follows the introduction of cost-cutting measures last year.

Fuel-saving ferry, LNG-powered ships were 'main milestones' of 2017: Balearia
23 Mar 2018 17:07 GMT
Operator lauds bunker-related projects as EBITDA and turnover grow.

Carnival posts 20.9% rise in Q1 bunker costs
23 Mar 2018 11:03 GMT
Average price paid for marine fuel jumped 20.7% to $437 per tonne.

Frontline cites bunker prices as key reason for rise in voyage costs
21 Mar 2018 10:51 GMT
Crude shipper also warns of higher compliance costs linked with sulphur limits and energy efficiency standards.

Stolt-Nielsen posts 50% jump in bunker costs as annual net profit is more than halved
15 Mar 2018 11:05 GMT
Net income down $63.1 million as marine fuel expenses rise by $72.2 million.

Containerships plc bunkered 78,900 mt in Baltics and Med last year
14 Mar 2018 13:57 GMT
Improved financial results achieved despite 'sharp increase in bunker prices during the last quarter'.

Aegean defines strategy to improve gross spread
09 Mar 2018 12:18 GMT
Plan includes escalating business in ARA and Germany and 'cherry-picking' volumes in Los Angeles.

Aegean could sell Fujairah storage terminal: CFO
09 Mar 2018 12:13 GMT
Would be 'one alternative' to generate liquidity, but 'not a good time' to sell.

Aegean set to terminate physical bunker operation in Fujairah
09 Mar 2018 12:03 GMT
Supplier looking to withdraw from market that has been 'an overall drag on gross spread'.

Aegean posts 2017 loss as YoY gross spread plummets
08 Mar 2018 08:12 GMT
Company sees HEC acquisition as solution to deliver sustainable growth moving forwards.

Hellenic Petroleum posts 18% rise in 2017 bunker sales
07 Mar 2018 13:43 GMT
Greek refiner says it sold 2.8 million tonnes of marine fuel last year.

Higher bunker prices drive up voyage costs as Eagle Bulk posts 2017 loss
06 Mar 2018 08:18 GMT
Signs of improvement with first positive operating income in seven years.

World Fuel Services declares quarterly cash dividend
02 Mar 2018 10:58 GMT
Dividend is in line with recent payouts.

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