Tue 16 Dec 2008, 09:40 GMT

Kasbar to sell company stock in 2009


World Fuel Services President enters into stock trading plan.



World Fuel Services Corporation has announced that its President and Chief Operating Officer, Michael J. Kasbar, has entered into a pre-arranged, non-discretionary stock trading plan.

Sales under this plan will cover approximately 15 percent of Mr. Kasbar's holdings and are being made for diversification and tax planning purposes.

Transactions are expected to occur at predetermined times from January 15th 2009 through February 27th 2009 and will be publicly disclosed through Form 4 filings with the Securities and Exchange Commission.

The plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and World Fuel Services' policies regarding stock transactions.

Rule 10b5-1 permits individuals who are not in possession of material, non-public information at the time the plan is adopted to establish pre-arranged plans to buy or sell company stock. These plans allow individuals to achieve prudent and gradual asset diversification over time.

Last week World Fuel Services announced that its Chairman and Chief Executive Officer, Paul H. Stebbins, had also entered into a pre-arranged stock trading plan. Sales under the plan will cover approximately 20 percent of Mr. Stebbins' holdings.


Peter Keller, SEA-LNG. UK P&I Club joins SEA-LNG coalition to support LNG marine fuel adoption  

Insurer brings 50 years of LNG experience to methane pathway coalition focused on maritime decarbonisation.

FCM LNG fuel supply system render. Alfa Laval launches LNG fuel supply system with cryogenic technology  

Swedish firm unveils FCM LNG system for LNG-powered vessels, with marine deliveries planned for 2027.

Union Maritime's chemical tankers with Anemoi Rotor Sails. Union Maritime orders Anemoi rotor sails for two chemical tanker newbuilds  

Wind propulsion technology to help shipowner exceed IMO 2030 greenhouse gas reduction targets.

Iona vessel. Lloyd's Register completes Europe's first major LNG cruise ship dry docks with Carnival  

Iona and Mardi Gras projects required 18 months of planning and in-service passenger inspections.

Anglo-Eastern's ammonia pilot training course. Anglo-Eastern completes pilot training course for ammonia-fuelled vessels  

Ship manager prepares crew ahead of first ammonia-fuelled vessel takeover with inaugural training programme.

Burando Atlantic Group 2025 sustainability report cover. Burando Atlantic publishes first sustainability report, secures ISCC EU recertification  

Maritime group releases inaugural sustainability report while Burando Energies extends biofuel traceability certification.

Conceptual illustration of high-power marine fuel cell unit. ABB and HDF Energy to develop high-power fuel cells for large ships  

Joint development targets megawatt-scale hydrogen fuel cell units for container feeders and liquefied hydrogen carriers.

Chart showing Singapore TTM bunker sales, Aug '22 - Nov '25. Singapore bunker sales break new ground as TTM volumes surpass 56m tonnes  

Trailing 12-month bunker sales rise to new all-time record at Asian port.

Bow Leopard vessel. Odfjell launches operational green corridor between Brazil and Europe using biofuel  

Chemical tanker operator establishes route using B24 sustainable biofuel without subsidies or government support.

United LNG I vessel. Somtrans christens 8,000-cbm LNG bunker barge for Belgian and Dutch ports  

United LNG I designed for inland waterways and coastal operations up to Zeebrugge.





 Recommended