World Fuel Services CFO sells shares

Wed 15 Jan 2014, 07:24 GMT

World Fuel Services CFO sells shares

The combined value of stock sold by CFO Ira Birns since December is over $760,000.

Ira Birns [pictured], executive vice president and chief financial officer (CFO) of World Fuel Services Corporation, last week sold 6,000 company shares, a filing with the U.S. Securities and Exchange Commission (SEC) shows.

On Friday, January 10, Birns disposed of 6,000 shares at a weighted average sale price of US$44.95 and a combined value of US$269,700.

Last month, 12,000 shares were sold by Birns at a combined value of US$493,500. On December 3, Birns disposed of 6,000 shares at a weighted average price of US$39.75. He then disposed of 945 shares at a weighted average sale price of US$42.50 on December 17. The following day, on December 18, 5055 shares were also sold at a weighted average sale price of US$42.50.

The World Fuel Services CFO now owns 91,594 shares, which at current market levels values his holdings at over US$3.6 million.

United States


		IMO adopts Northeast Atlantic ECA covering waters from Portugal to Greenland New ECA to enter into force in September 2027, connecting existing European zones with Canadian Arctic waters.

		Renewable methanol project pipeline reaches 61 MMT as China groundbreakings accelerate GENA Solutions reports pipeline growth despite concerns over construction readiness for Chinese projects.

		Berg Propulsion to supply propulsion system for Akdeniz-built chemical tanker Turkish shipyard Akdeniz orders diesel-electric propulsion package for an 8,000-dwt vessel destined for Transka Tankers.

		China Classification Society certifies 740-teu pure-electric container ship Ning Yuan Dian Kun features battery-swapping capability and is claimed to eliminate 1,462 tonnes of CO2 annually.

		Lloyd’s Register to host UK ETS and FuelEU Maritime briefing in London Event on 12 May will examine maritime emissions regulations ahead of UK ETS expansion.

		Japanese shipbuilder delivers dual-fuel LNG bulk carrier Ruri Planet The 209,000-tonne Capesize vessel can run on heavy fuel oil or LNG.

		L&T Energy GreenTech signs 300,000-tonne green ammonia supply deal with Itochu Indian firm to supply Japanese trading house from planned Kandla facility for marine fuel applications.

		Methanol-powered container ship is named CMA CGM D’Artagnan French shipping group adds vessel to methanol fleet as part of net-zero target.

		Bound4blue completes second suction sail installation for Maersk Tankers Four 24-metre eSAIL units fitted on Maersk Tahiti at Chinese shipyard in April.

		Asia-Pacific ports advance cross-sector hydrogen and e-fuel infrastructure Accelleron report highlights a coordinated approach combining energy, industry and shipping demand to stimulate market development.