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Home » News » Financial News


Financial News

This is why Maersk Oil Trading is not part of the Maersk Oil sale to Total
21 Aug 2017 10:55 GMT
Maersk Oil Trading's transactions are reported as unallocated activities within Transport & Logistics.

Rosneft closes 49% acquisition of Essar Oil
21 Aug 2017 08:57 GMT
Trafigura and UCP also close their acquisition of a 49.13% share in the firm.

Vopak aims to strengthen LNG presence as division posts H1 growth
18 Aug 2017 10:53 GMT
LNG and Americas divisions both achieve boost in operating profit.

Viking Line expects 2017 bunker bill to rise as H1 fuel costs jump 23.3%
17 Aug 2017 13:46 GMT
Ferry operator says higher expected bunker prices in 2017 'should have an adverse effect on consolidated income'.

DFDS expects bunker surcharges to push 2017 revenue up 1%
17 Aug 2017 12:02 GMT
CEO says group is on track to improve on last year's record result.

Norden to continue fuel efficiency drive after 2017
17 Aug 2017 09:13 GMT
Cost-cutting initiative said to be 'on track' as company achieves annual savings of $18.1 million.

Grindrod expects H1 loss to be an improvement on last year
16 Aug 2017 14:16 GMT
Shipping division, which includes bunker firms Cockett and Unicorn, recovered to above cash breakeven.

Containerships targets improved profitability via bunker-saving initiatives
16 Aug 2017 12:55 GMT
Earnings 'particularly affected' by higher marine fuel costs.

Aegean posts profit drop as 'sales margins remain under pressure'
11 Aug 2017 00:02 GMT
Sales volume rose by 9.3% and 7.5% in Q2 and H1 respectively.

NCL posts 36% Q2 profit growth as bunker costs rise $6.1 million
10 Aug 2017 13:20 GMT
Q2 and H1 fuel expenses increased by 7.5% and 8.2% respectively.

Quadrise announces cost-cutting initiatives as chairman slashes salary by 50%
10 Aug 2017 09:38 GMT
Company expects strategy to deliver annualized savings of more than GBP 500,000.

Higher bunker prices drive up voyage costs as Eagle Bulk posts another loss
08 Aug 2017 06:05 GMT
Q2 loss recorded despite 109.6% jump in revenue.

OOIL swings into profit ahead of Cosco takeover despite 64.5% jump in bunker costs
07 Aug 2017 11:50 GMT
Chairman voices support for Cosco $6.3 billion deal.

LNG bunker supplier Clean Energy posts Q2 loss, $43.2m H1 profit
04 Aug 2017 14:17 GMT
LNG sales volume dipped in both periods.

Torm orders two bunker-saving resale tankers
03 Aug 2017 11:38 GMT
Fuel-efficient, medium-range (MR) vessels are scheduled to be delivered in Q3.

Neste's new high-viscosity 0.1% marine fuel unit set to reach 'high' utilization in H2
03 Aug 2017 09:18 GMT
Solvent deasphalting unit expected to reach 'high capacity utilization' during the second half of the year.

Owner of bunker supplier Marine Petrobulk posts 56.8% rise in H1 net earnings
02 Aug 2017 11:46 GMT
Q2 net earnings fell 22.3% for Seaspan Corporation.

Royal Caribbean consumes 6.4% less fuel in Q2 as net income jumps 60.7%
02 Aug 2017 10:22 GMT
Cruise operator saw H1 bunker expenses drop 1.2% and net income skyrocket 77.6%.

Trasmediterranea posts drop in earnings, citing higher bunker costs
01 Aug 2017 13:40 GMT
EBITDA fell 88.7 percent to EUR 2 million in H1.

World Fuel Services' share price plummets 13.2 percent
31 Jul 2017 10:23 GMT
New 52-week trading range following Friday's slump.





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