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Home » News » Financial News


Financial News

World Fuel Services appoints former IBM CIO Jeff Smith as COO
17 Oct 2017 13:05 GMT
Appointment follows the recent addition of IT specialist Stephen Gold to the company's board of directors.

Boost for Indian bunker sellers as GST rate is slashed to 5%
12 Oct 2017 09:02 GMT
The Goods and Services Tax (GST) on bunker fuel is lowered for both foreign-going and coastal vessels.

Singapore drops 50% concession for Marpol-compliant double-hulled tankers
10 Oct 2016 10:05 GMT
New rates due to be effective from January 1, 2018.

MAN pledges EUR 2m discount on HFO-to-gas retrofits
09 Oct 2017 12:53 GMT
Engine specialist says offer is available for 10 retrofits from conventional fuel to gas operation.

World Fuel Services declares quarterly cash dividend
05 Oct 2017 06:52 GMT
Dividend payout is in line with the amount paid over the last two-and-a-half years.

World Fuel Services announces renewal of share repurchase program
05 Oct 2017 06:25 GMT
Share repurchase program authorizes the purchase of up to $100 million in common stock.

Trading in Brightoil shares suspended as market awaits release of results
03 Oct 2017 08:24 GMT
Share price has tumbled 12% since the delay in the release of the firm's annual results was announced.

Cosco Shipping Intl posts 75% jump in H1 bunker revenue
29 Sep 2017 08:13 GMT
Bunker earnings up 30% as Cosco benefits from Double Rich profit share increase and sees 63% sales volume improvement for Sinfeng Marine.

Ecoslops sees H1 revenue almost double, posts first positive EBITDA in Portugal
28 Sep 2017 00:02 GMT
CEO says slops specialist 'now has every reason to consider the future with confidence'.

Carnival posts $42m rise in Q3 bunker costs... but still manages $1.3bn profit
27 Sep 2017 06:28 GMT
Ferry operator saw bunker expenses increase 15.8% in Q3, whilst the average price per tonne was up 12.8%.

Brightoil delays publication of annual results
26 Sep 2017 14:10 GMT
Company says release of unaudited accounts could cause 'confusion' amongst shareholders and potential investors.

Fluxys focuses investment on Zeebrugge's fifth LNG tank and second jetty
21 Sep 2017 13:16 GMT
Company says most of its EUR 36m investments in H1 went towards building extra storage and the new jetty in Zeebrugge.

K Line posts dip in annual bunker consumption
20 Sep 2017 12:39 GMT
Data indicates that the Japanese firm consumed 1.8% less fuel and that bunker expenses fell 11.8%.

VTTI Energy Partners unitholders approve merger with VTTI B.V.
13 Sep 2017 11:42 GMT
Merger is expected to close on Friday, September 15.

Seadrill outlines restructuring plan following Chapter 11 filing
13 Sep 2017 07:44 GMT
Plan extends and re-profiles secured bank debt, reduces leverage and delivers $1.06 billion of new capital.

Malaysian supplier expects 90% of future business to come from bunkering
11 Sep 2017 10:56 GMT
New MD of Straits Inter Logistics says 'the contribution from bunkering will significantly increase'.

Hellenic Petroleum reports rise in bunker sales demand
01 Sep 2017 09:39 GMT
Greek refiner recorded an increase in bunker sector sales in Q2 and H1.

Moore Stephens warns of exposure to changing risk landscape
01 Sep 2017 00:06 GMT
Shipping survey suggests management of risk has improved slightly over the last 12 months.

Marine fuel supplier Nakhodka-Portbunker forced into liquidation: source
29 Aug 2017 09:41 GMT
Gazprombank and Rosbank are said to have pushed for liquidation after the Russian bunker firm racked up huge debts.

Quadrise 'knows of no specific reason' for share price drop following rally
25 Aug 2017 14:39 GMT
Share value falls more than 20% on Friday, but is still up almost 50% since the start of the week.





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