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Home » News » Financial News

Financial News

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.

Tallink posts 2017 profit despite higher bunker costs
28 Feb 2018 15:50 GMT
Ferry operator says it spent EUR 11.6m more on marine fuel last year.

Brightoil delays release of fiscal H1 results
28 Feb 2018 13:37 GMT
Bunker supplier also confirms that it will not be able to publish its interim report by March 31.

Straits Inter Logistics posts profit jump from bunkering in 2017
27 Feb 2018 12:32 GMT
Revenue from bunkering and oil trading skyrocketed 96.2 percent last year.

NCL's bunker costs rose 7.7% in 2017
26 Feb 2018 12:45 GMT
Vessel operator expects average fuel price to be steady in 2018 at $465.

World Fuel Services aims to cut bunker costs by 3-4% in 2018
26 Feb 2018 08:43 GMT
Drop in sales volume mainly due to exiting markets and scaling down activities, says CFO.

WFS marine posts drop in Q4 gross profit, revenue
23 Feb 2018 14:33 GMT
$77m loss from operations posted for the last quarter of 2017.

World Fuel Services sold 26.5m tonnes of marine fuel in 2017
23 Feb 2017 13:34 GMT
Figure is 4.9m tonnes lower than in 2016.

World Fuel Services posts 2017 loss as marine gross profit falls 16%
23 Feb 2018 12:42 GMT
Non-cash impairment charge of $91.9m said to be primarily related to its marine business.

HEC overview and reasons for Aegean acquisition
22 Feb 2018 10:50 GMT
Complementary synergies of growth are said to rest on four key pillars.

Aegean expects Q4 $28.2m loss; 2018 'likely to be another tough year'
21 Feb 2018 09:32 GMT
Company believes 'transformation' will result in 'significant value' for shareholders over time.

Aegean buys Melissanidis-owned firms; founder's group to become biggest shareholder
21 Feb 2018 07:16 GMT
Boardroom power play as acquired firm is set to nominate three board members - including founder's son George.

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