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Home » News » Financial News - Q3 2011


Financial News - Q3 2011

Berre-l'Etang refinery to close
28 Sep 2011 10:10 GMT
Refinery operator intends to cease refinery operations after no buyer was found.

Brightoil: Bunker sales surge 128.2 percent
26 Sep 2011 15:11 GMT
Bunker volumes skyrocket as supplier posts 14.6 rise in net profit.

Barge operator ups earnings forecast
21 Sep 2011 06:42 GMT
US firm expects net earnings to be above the top end of its third quarter forecast.

Andatee CEO in share repurchase plan
21 Sep 2011 05:47 GMT
Plan authorizes the purchase of up to $2 million of the company's common stock.

Stebbins enters into stock trading plan
16 Sep 2011 14:21 GMT
World Fuel Services CEO to sell company stock over 12-month period.

Marco Polo Seatrade gets bank backing
15 Sep 2011 17:25 GMT
Shipping firm receives court approval to obtain fresh financing from one of its senior lenders.

Brightoil expecting profit rise
09 Sep 2011 14:10 GMT
Bunker supplier reveals to shareholders that it expects to record a year-on-year increase in net profit.

Firm seeks loan to buy fuel oil terminal - sources
05 Sep 2011 14:08 GMT
Storage firm is said to be seeking finance to purchase US Gulf black oil facility.

Bunker costs up 36% for CMA CGM
30 Aug 2011 15:31 GMT
Shipping group reports higher fuel costs as net profit falls 72% year-on-year.

Lithuanian oil terminal posts 71% profit rise
25 Aug 2011 10:03 GMT
Klaipeda facility announces net profit surge for the first six months of 2011.

Vopak announces H1 results
24 Aug 2011 15:56 GMT
Terminal operator says it expects the market for storage and handling of oil products to remain robust.

Odfjell enters into tank terminal partnership
19 Aug 2011 15:58 GMT
Private equity firm to acquire a minority stake in Odfjell's storage terminals in Rotterdam and Houston.

Andatee shares downgraded
18 Aug 2011 22:01 GMT
Shares of Chinese supplier are downgraded by US bank following decrease in net income.

Fuel consumption rise for transportation firm
18 Aug 2011 10:12 GMT
US firm records an increase in bunker consumption during the first half of 2011.

Maersk: Bunker prices to 'impact margins negatively'
17 Aug 2011 18:55 GMT
World's largest container line expects high prices to continue to have a negative effect on margins in 2011.

Chapter 11 'not enforceable in the Netherlands'
16 Aug 2011 09:21 GMT
Law firm points out that the Netherlands adopts a territorial approach to bankruptcy.

Andatee net income down 48 percent
15 Aug 2011 12:56 GMT
Chinese supplier sees profit fall in the second quarter despite a rise in revenues and volume sold.

Report forecasts volatile prices ahead
12 Aug 2011 14:41 GMT
Companies are urged to consider using the 'expected volatility' to enter hedging agreements.

Aegean Q2 net income falls 73.3 percent
11 Aug 2011 06:02 GMT
Year-on-year net earnings down despite a rise in total revenues during the second quarter.

Andatee to announce Q2 results this week
09 Aug 2011 09:09 GMT
Chinese supplier to release financial results for the second quarter.

Petroplus posts US$80 million Q2 loss
05 Aug 2011 15:41 GMT
European refiner records a loss for Q2 and H1. CEO says the second quarter was 'difficult'.

Marco Polo Seatrade granted US court support
03 Aug 2011 17:55 GMT
Interim relief is granted by a New York court for the company to continue operating.

WFS posts 36% rise in Q2 net income
03 Aug 2011 07:41 GMT
Marine segment generates $50.7 million gross profit as World Fuel Services posts strong Q2 results.

Kirby net income up 42.3 percent
29 Jul 2011 08:44 GMT
Oil transportation firm reports strong tank barge utilization and improved barging rates in Q2.

Higher bunker costs hit Canadian firm
28 Jul 2011 07:58 GMT
Year-on-year logistics costs rise as a result of higher bunker prices.

Finance secured for dual fuel ferry
27 Jul 2011 13:41 GMT
World's first dual fuel high speed passenger catamaran is due for delivery in South America next year.

Chemoil profit falls $26.8m in Q2
27 Jul 2011 12:55 GMT
Pre-tax profit plummets in the second quarter as sales volumes and gross contribution per tonne fall.

Aegean to hold conference call and webcast
27 Jul 2011 07:12 GMT
Bunker supplier to discuss its second quarter 2011 results in August.

'Strong' Q4 bunker sales for Lanka IOC
25 Jul 2011 10:12 GMT
Lanka IOC says bunker sales in the last quarter offset losses in the previous nine months of the financial year.

Aegean announces share repurchase program
21 Jul 2011 07:12 GMT
Board of directors approves repurchase program for up to 2 million shares.

Oiltanking raises $215 million in IPO
15 Jul 2011 15:21 GMT
10 million common units priced higher than expected in NYSE initial public offering.

Brightoil plans downstream and upstream growth
12 Jul 2011 16:22 GMT

Lithuanian oil terminal posts 57% profit rise
11 Jul 2011 15:22 GMT
Klaipeda facility announces net profit surge for the first six months of 2011.

Statoil to publish Q2 results in July
08 Jul 2011 08:45 GMT
Norwegian fuel supplier to post financial results and hold Q2 presentation later this month.





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