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Home » News » Financial News - Q3 2016


Financial News - Q3 2016

Glander International Bunkering merges with Scandinavian Bunkering
29 Sep 2016 08:02 GMT
Operation in Norway changes its name to Glander International Bunkering (Norway) AS.

Carnival's Q3 bunker costs drop 23.2%
27 Sep 2016 07:38 GMT
Cruise line achieves record third-quarter earnings whilst average fuel price falls to $333 per tonne.

Ecoslops records 70% jump in H1 income
23 Sep 2016 09:32 GMT
Slops specialist provides financial and operational update.

Aegean renews credit facilities worth $1.25 billion
21 Sep 2016 09:25 GMT
Both credit facilities - worth $1 billion and $250 million - were arranged by ABN AMRO.

Engie mulling over the future of its LNG business, claims CGT coordinator
20 Sep 2016 13:32 GMT
Claim comes less than two weeks after the launch of Engie's LNG bunkering business, Gas4Sea.

Aegean completes repurchase of founder's shares
20 Sep 2016 06:57 GMT
Following the share repurchase, Aegean has a total of 39,403,822 shares outstanding.

Shell inks deal to sell bunker-producing Fredericia refinery
15 Sep 2016 12:14 GMT
Oil major reaches agreement to sell A/S Dansk Shell to Dansk Olieselskab ApS.

World Fuel Services announces share repurchase program and cash dividend
13 Sep 2016 09:08 GMT
Share repurchase program authorizes the purchase of up to $100 million in common stock.

EUR 2.6m funding to develop world's largest rotor sail
25 Aug 2016 08:22 GMT
Larger Flettner rotor will equate to significant annual fuel savings, says developer.

Monjasa lands new $80 million credit facility
23 Aug 2016 12:32 GMT
New credit facility arranged with French international bank Societe Generale.

Aegean Marine Petroleum goes ex-dividend
23 Aug 2016 09:27 GMT
Dividend payments on Aegean shares traded on or after 22nd Aug will go to the seller.

SGX and Baltic Exchange agree proposed acquisition terms
23 Aug 2016 03:37 GMT
Completion of the proposed acquisition is expected to occur towards the end of November, subject to approval.

Searights winding up hearing on Aug 26th
19 Aug 2016 15:16 GMT
Winding up petition was filed by Monjasa. United Overseas Bank is listed as creditor.

Vopak posts 7% rise in net profit in H1 2016
19 Aug 2016 08:35 GMT
EBIT and EBITDA increase by 3% during the first half of the year.

Maersk Line records 40% drop in bunker costs... but loss of $151 million
15 Aug 2016 09:24 GMT
Decline in revenue was attributed to a 24 percent decline in average freight rates.

Aegean Marine Petroleum earnings call summary
12 Aug 2016 09:12 GMT
Management team discusses key issues, including price trends, bad debt, Algericas and the next-quarter sales forecast.

Aegean reduces costs to achieve profit rise despite lower revenue
11 Aug 2016 08:31 GMT
Supplier recorded a 36.9% increase in sales volume during the first half of 2016.

NCL spends $11m less on fuel as average bunker price falls 16%
10 Aug 2016 07:47 GMT
Cruise operator's average bunker price was $469 per tonne in the second quarter of 2016.

OOIL posts loss as low bunker prices 'provide some element of cushion'
09 Aug 2016 09:02 GMT
Parent company of OOCL reports loss of US$57.7 million during the first half of 2016.

Baltic Exchange to consult shareholders over SGX takeover offer
04 Aug 2016 11:42 GMT
Total minimum valuation, including final dividend to shareholders, is GBP 86.7 million, says Baltic Exchange.

EBIT up as most vessels used cheaper fuel, says Finnlines
29 Jul 2016 07:08 GMT
Q2 and H1 revenue down on bunker surcharge reduction.

Aegean to hold Q2 earnings call in August
29 Jul 2016 05:47 GMT
Bunker firm's earnings call to take place on the day of the announcement of its Q2 results.

Marine results examined in World Fuel Services earnings call
28 Jul 2016 08:03 GMT
Management team discuss the company's performance in the second quarter.

World Fuel Services posts 5% drop in marine gross profit
28 Jul 2016 06:01 GMT
Total second-quarter net income dipped $0.5 million compared to last year.

Agreement to sell Petrobras Chile is signed
25 Jul 2016 06:10 GMT
Estimated cash inflow from deal with Southern Cross Group is US$464 million.

ABB posts decline in net income and revenue
21 Jul 2016 10:25 GMT
Second-quarter figure was impacted by $367 million of restructuring-related expenses.

World Fuel Services to hold earnings call
14 Jul 2016 08:10 GMT
Management team to discuss the company's second-quarter results later this month.

Ecoslops 'on track' to produce 30,000 tons of regenerated slops in 2017
06 Jul 2016 13:24 GMT
Slops producer also wins EUR 1 million in financing from Portuguese bank.

Bunker Holding posts 2015-16 results
04 Jul 2016 21:15 GMT
Danish firm records a pre-tax profit of $61 million as equity rises to $271 million.

Wartsila acquires fuel-saving specialist Eniram
04 Jul 2016 12:17 GMT
Wartsila strengthens its in-house capabilities in the fields of data analytics, modelling and performance optimisation.

Aiming to 'make Jamaica a fuel destination'
04 Jul 2016 10:47 GMT
Acquisition of fuel storage facility forms part of West Indies Petroleum's strategy of attracting new business and supporting existing clients.

Brightoil cancels order for ten bunker barges
04 Jul 2016 09:49 GMT
Bunker firm opts for more conservative strategy and decides to use working capital to optimise its existing five barges.

Global Risk Management posts profit rise
01 Jul 2016 14:28 GMT
Risk management specialist achieves increase in annual profit.

Carnival's Q2 bunker costs plummet 41.4%
01 Jul 2016 10:10 GMT
Cruise line operator's fuel expenses declined by $137 million during the second quarter.

Finnlines secures funding to retrofit scrubbers
01 Jul 2016 09:39 GMT
EUR 50 million loan to be used to fund the company's Environmental Technology Investment Programme.





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