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Home » News » Financial News

Financial News

Genco takes delivery of three 'fuel-efficient' ships
12 Sep 2018 07:37 GMT
Bunker-saving vessels 'ideal' for long-haul trades, says shipper.

CMA CGM posts steep profit decline amid 'rising fuel costs'
10 Sep 2018 14:15 GMT
Operating expenses rose mainly due to higher bunker prices and volumes carried, shipper says.

Brightoil bemoans 'staggering' investigation costs; seeks alternative
05 Sep 2018 00:22 GMT
Bunker firm concerned expenses associated with independent review could get 'out of control'.

Grindrod's bunker arm profits from higher prices and tonnage
03 Sep 2018 09:35 GMT
Profit to shareholders from marine fuel and agri business leaps 171 percent.

Straits sees revenue from bunkering and oil trading jump 65%
29 Aug 2018 00:02 GMT
Revenue up to $10.75m as firm targets expansion of its marine fuels business.

The lowdown on bunker firm Tumpuan Megah as 55% acquisition nears completion
28 Aug 2018 15:21 GMT
Tumpuan business overview and how Straits Inter Logistics would expand its operation.

Straits' executive director set to land 5.0-6.6% stake
28 Aug 2018 13:47 GMT
Tony Tan in line to secure his first shares in bunker firm if September vote goes his way.

Straits Inter Logistics to hold bunker acquisition vote in three weeks
28 Aug 2018 10:14 GMT
Shareholders to vote on proposed acquisition and private placement at EGM on September 18.

Odfjell posts rise in bunker costs and $120m net loss
24 Aug 2018 08:34 GMT
Gradual improvement for chemical tankers expected towards end of 2018; stable results forecast for terminals.

Viking Line's bunker costs rise 3.6% in H1
17 Aug 2018 13:34 GMT
Finnish ferry operator spent EUR 24.1m on bunker fuel during the first half of the year.

Maersk profitability 'significantly impacted' by higher bunker costs
17 Aug 2018 10:06 GMT
EBITDA negatively affected by bunker price increases not being recovered via freight rates.

Done in a month: Mercuria takes 30% stake in Aegean as refinancing transaction is agreed
16 Aug 2018 14:14 GMT
Mercuria still also has the exclusive right to pursue a broader strategic partnership until January 31, 2019.

Higher bunker prices add EUR 4.1m to operating costs: Containerships Plc
16 Aug 2018 13:13 GMT
EBIT 'particularly affected' by increased fuel costs, says CEO... but it still managed to grow 45.2% in H1.

Earnings growth dampened by lag in recovery of higher bunker costs: DFDS
16 Aug 2018 09:34 GMT
Danish firm still manages 8.7% rise in EBITDA and $62m net profit.

Commercial product margin up 41.5% 'primarily' due to increased bunker activity: Global Partners
14 Aug 2018 10:29 GMT
Commercial arm's product margin jumped to $5.8m in Q2 - mainly thanks to marine fuel sales.

Aegean Marine gets extra 90 days to avoid note default
14 Aug 2018 07:41 GMT
Agrees to pay additional 0.5% on next interest payment... but gives 'no assurance' that the issue will be resolved in time.

Sing Fuels appoints finance and operations director
13 Aug 2018 09:28 GMT
Krish Srinivasan will head the firm's global finance and operations team from Singapore.

Wallenius opts for 'balanced' 2020 strategy with low-sulphur fuels and scrubbers
10 Aug 2018 16:27 GMT
Scrubber retrofits on 20 ships... but some set to miss IMO deadline with installations due to continue until 2022.

Hapag sees bunker use climb 0.5m tonnes as average fuel price soars $73
10 Aug 2018 12:18 GMT
Shipper consumed 2.2m tonnes of fuel in H1; average bunker price was 23.4% higher than last year.

NCL posts 9.9% rise in bunker costs as Q2 earnings climb to $226.7m
10 Aug 2018 10:08 GMT
Net income grows 14.2%; average bunker price up $12 to $481.

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