Sign up
Log in Sign up
Wed 18 Nov 2009, 00:24 GMT

WFS announces two-for-one stock split


US firm says stock split will improve liquidity and represents commitment to enhancing shareholder value.

World Fuel Services Corporation (WFS), a global leader in the marketing and sale of marine, aviation and land fuel products and related services, has announced that its Board of Directors has approved a two-for-one stock split of its common stock. The record date for the stock split is November 30, 2009.

Shareholders of record on that date will receive one new share of common stock for each share owned. The distribution of shares to be issued pursuant to the stock split will be made on or about December 7, 2009.

“We remain focused on executing our long-term strategy, providing a superior offering to our customers and improving our global supply relationships,” said Paul H. Stebbins, chairman and chief executive officer of World Fuel Services Corporation.

“We believe that the stock split will improve the liquidity in our stock and represents our continued commitment to enhancing shareholder value,” stated Ira M. Birns, executive vice president and chief financial officer.

Container ship near a port. Ammonia emerges as most feasible alternative fuel for deep-sea shipping in 2050 emissions study  

Research combining expert survey and technical analysis ranks ammonia ahead of hydrogen and methanol.
Cargo vessel at sea. EMSA study examines biodiesel blend spill response as shipping adopts alternative fuels  

Research addresses knowledge gaps on biodiesel-conventional fuel blends as marine pollutants and response measures.
BIMCO ETS BARECON clause 2026 graphic. BIMCO adopts ETS clause for bareboat charters, delays biofuel provision  

BIMCO’s Documentary Committee has approved an emissions trading compliance clause while requesting further work on a biofuel charter provision.
SALEFORM 2025 standard form graphic. BIMCO and Norwegian Shipbrokers’ Association launch SALEFORM 2025 ship sale contract  

Updated agreement addresses banking changes, compliance requirements and environmental regulations affecting vessel transactions.
Everllence H2 test engine. Everllence develops hydrogen test bench for marine engines  

German engine maker upgrades Augsburg facility under HydroPoLEn project backed by federal maritime research funding.
CMA CGM Osmium vessel. CMA CGM names 13,000-teu methanol-fuelled containership in South Korea  

CMA CGM Osmium to operate on Asia–Mexico service as part of the carrier’s decarbonisation strategy.
NorthStandard logo. NorthStandard publishes biofuel guide as marine insurance claims emerge  

White paper addresses quality issues and compliance requirements as biofuel testing volumes surge twelvefold.
Clean Maritime Fuels Platform (CMFP) logo. Maritime fuel platform calls for EU shipping ETS revenues to fund clean fuel deployment  

Clean Maritime Fuels Platform urges earmarking of national emissions trading revenues for renewable fuel infrastructure.
Seatransport 73m SLV Lloyd’s Register grants approval for hybrid nuclear power design for amphibious vessels  

Classification society approves Seatransport’s concept integrating micro modular reactors with diesel-electric systems.
Everllence ME-LGIE engine. Everllence and Vale partner on ethanol-powered marine engine development  

Brazilian mining company to develop dual-fuel ethanol engines based on ME-LGI platform.




 Recommended