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Home » News » Financial News


Financial News

Brightoil explains how new exchange rules could affect its listing status
13 Jul 2018 12:32 GMT
New Aug 1 rule changes will make it easier for SEHK to expel companies.

Aegean shares more than triple following Mercuria MoU
06 Jul 2018 08:25 GMT
Market reacts positively to refinancing and strategic partnership agreement.

Mercuria in MoU with Aegean to provide $1bn refinancing and secure 30% stake
05 Jul 2018 12:45 GMT
MoU also covers broader partnership, including operational services, trading, hedging and other support.

Stolt Tankers sees profit drop by a third on higher bunker prices
05 Jul 2018 10:05 GMT
Bunker costs rose by 21.4% between December and May.

Project to build hydrogen fuel cell ferry wins $3m grant
26 Jun 2018 08:07 GMT
Vessel set to be first zero-emission ferry in the US.

Carnival posts 20.3% rise in Q2 bunker costs... but still achieves $561m profit
26 Jun 2018 05:34 GMT
Average price paid for marine fuel jumped 21.7% to $455 per tonne.

CMA CGM's takeover of Containerships sees LNG advocates join forces
21 Jun 2018 07:17 GMT
French firm will be adding four LNG-fuelled boxships to its fleet.

Hydrogen-powered ferry project secures EU funding
20 Jun 2018 11:04 GMT
EUR 9.3m awarded by the EU's Horizon 2020 research and innovation fund.

BC Ferries posts rise in bunker consumption in fiscal 2018
20 Jun 2018 08:45 GMT
Canadian firm also discloses amount spent on upgrades and new vessels.

Aegean expects to write off $200m and take legal action
05 Jun 2018 07:33 GMT
$200m of accounts receivable owed to be written off; Audit Committee looks set to recommend claims against parties involved.

FueLNG and Pavilion Gas awarded S$6m to build LNG bunker vessels
04 Jun 2018 06:19 GMT
MPA funding is designed to promote ship-to-ship LNG bunkering in Singapore.

World Fuel Services directors boost shareholding by $158k
30 May 2018 14:54 GMT
Eight board members receive restricted stock unit grant under the firm's 2016 Omnibus Plan.

Nine directors elected at World Fuel Services annual meeting
30 May 2018 12:25 GMT
CEO Kasbar backed by 83.3% of shareholders; tech expert Stephen Gold gets highest number of votes.

CMA CGM posts 'very sharp rise' in bunker costs, Q1 loss
29 May 2018 14:45 GMT
Bunker expenses and fuel oil prices up 17% and 19.4% respectively.

Maersk Line introduces Emergency Bunker Surcharge
25 May 2018 13:55 GMT
Shipper unable to recover bunker costs through standard bunker adjustment factors due to price jump.

World Fuel Services declares quarterly cash dividend
25 May 2018 07:15 GMT
Dividend is in line with recent payouts.

Aegean appoints chairman, but no 2017 report until after Audit Committee review
23 May 2018 00:02 GMT
Donald Moore named as chairman; company plans to move from Melisanidis-owned premises.

Brightoil's Audit Committee 'negotiating' with adviser; results release date still unknown
21 May 2018 13:37 GMT
Negotiations said to be centred around independent adviser's recommendations.

Brightoil's Singapore CEO and head of bunkering steps down
21 May 2018 12:35 GMT
Wang Wei decides not to seek shareholder re-election; confirms no disagreement with board.

Maersk COO explains unit cost at fixed bunker price, outlines fuel efficiency plan
18 May 2018 09:21 GMT
Soren Toft offers further insight into the Ocean segment's bunker-related results.





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