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Home » News » Financial News

Financial News

Singapore injects more capital to fund LNG bunker vessel newbuilds
14 Dec 2017 09:47 GMT
Applications now open for interested firms to apply for funding of up to S$3m per vessel.

Germany accepting online requests to fund LNG conversions
13 Dec 2017 14:42 GMT
Funding initiative is designed to promote the use of LNG in German shipping.

Brittany Ferries secures financing for LNG-fuelled ferry newbuild
13 Dec 2017 13:25 GMT
Ferry operator will be first to receive financing under the EIB's EUR 750m Green Shipping Guarantee programme.

Fujairah secures development capital, eyes growth
12 Dec 2017 15:21 GMT
Agreement signed to develop quays, storage areas, and deepen berths to attract larger vessels.

PT2SB lands $1.25bn financing for Malaysia terminal
12 Dec 2017 08:14 GMT
Facility to store refined products, crude, petrochemical products and LPG.

GTT focuses on growing fuel-related services with 75% stake in Ascenz
07 Dec 2017 13:23 GMT
Acquisition of bunker-saving solutions firm 'will prove to be very useful', says GTT.

World Fuel Services declares quarterly cash dividend
04 Dec 2017 08:55 GMT
Dividend payout is in line with the amount paid since April 2015.

Global Risk Management becomes licensed investment firm
01 Dec 2017 13:03 GMT
Company will add Danish word for investment firm to its name in all legally binding documents.

Aegean secures $750m credit facility with $250m accordion option
01 Dec 2017 10:13 GMT
Three-year global borrowing base replaces the company's outgoing one-year $1 billion facility.

Peninsula ups global working capital facilities to $400m
27 Nov 2017 11:06 GMT
Bunker firm secures additional $100m of working capital in Europe and Asia.

Straits Inter Logistics posts 63.4% revenue rise from oil trading and bunkering
24 Nov 2017 17:25 GMT
Malaysian firm expecting increase in bunker sales contribution in Q4 with the recent addition of two vessels.

Tallink achieves Q3 growth despite rise in bunker costs
22 Nov 2017 11:51 GMT
Ferry operator expecting improved operating results in 2017 thanks to LNG-fuelled ferry.

Quadrise issues activity update following 'media speculation'
20 Nov 2017 09:58 GMT
Company says Nov 6 updates on its activities 'continue to reflect the firm's current status'.

Aegean posts net loss and 23.2% drop in gross profit
16 Aug 2017 08:01 GMT
Bunker firm cites 'challenging' environment as sales margin plummets.

Brightoil 'unable to provide definitive timetable' for release of annual results
10 Nov 2017 15:53 GMT
Bunker seller provides update on work carried out since share trading was suspended on October 3.

Odfjell posts Q3 loss as bunker costs rise
09 Nov 2017 11:23 GMT
Company expects Q4 to be 'in line' with Q3 but believes chemical tanker market will improve in 2018.

Engie 'committed' to downstream activities
09 Nov 2017 09:08 GMT
French firm says retail sales, GTT and regasification terminals are 'core to its strategy'.

Aegean expects to post first loss in three years
08 Nov 2017 05:43 GMT
Challenging environment has continued to put pressure on margins and gross profit, says firm.

Maersk Line posts $336m profit swing despite spending $218m more on bunkers
07 Nov 2017 11:14 GMT
Maersk Line records Q3 after-tax net profit of $220m as marine fuel expenses increase 37% YoY.

Quadrise posts loss in annual results
06 Nov 2017 09:50 GMT
UK firm reports GBP 5 million in cash reserves and no debt.

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