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Home » News » Financial News - Q4 2017

Financial News - Q4 2017

MPA reminder: dues concession for double-hulled bunker tankers ends on Jan 1
29 Dec 2017 15:31 GMT
Asian port reminds community that it will be withdrawing the dues concession from next week.

Aegean shareholder group reaffirms intentions in SEC filing
29 Dec 2017 13:22 GMT
Group agreement filed as shareholders plan to nominate director candidates at next AGM.

Brightoil receives SEHK resumption conditions
28 Dec 2017 11:41 GMT
Stock exchange lists conditions for the resumption of trading as independent review continues.

Tallinn offers discount to ships running mainly on LNG
20 Dec 2017 14:20 GMT
Vessels will be able to apply for a four percent discount on tonnage fees.

Saudi Arabian bunker firms prepare for 2018 VAT regime
20 Dec 2017 12:55 GMT
Supplies of goods and services will be subject to VAT from January 1.

World Fuel Services tops Aegean's list of approved debtors
18 Dec 2017 15:51 GMT
Glencore subsidiaries second on the list with approved limit of $35 million.

Singapore injects more capital to fund LNG bunker vessel newbuilds
14 Dec 2017 09:47 GMT
Applications now open for interested firms to apply for funding of up to S$3m per vessel.

Germany accepting online requests to fund LNG conversions
13 Dec 2017 14:42 GMT
Funding initiative is designed to promote the use of LNG in German shipping.

Brittany Ferries secures financing for LNG-fuelled ferry newbuild
13 Dec 2017 13:25 GMT
Ferry operator will be first to receive financing under the EIB's EUR 750m Green Shipping Guarantee programme.

Fujairah secures development capital, eyes growth
12 Dec 2017 15:21 GMT
Agreement signed to develop quays, storage areas, and deepen berths to attract larger vessels.

PT2SB lands $1.25bn financing for Malaysia terminal
12 Dec 2017 08:14 GMT
Facility to store refined products, crude, petrochemical products and LPG.

GTT focuses on growing fuel-related services with 75% stake in Ascenz
07 Dec 2017 13:23 GMT
Acquisition of bunker-saving solutions firm 'will prove to be very useful', says GTT.

World Fuel Services declares quarterly cash dividend
04 Dec 2017 08:55 GMT
Dividend payout is in line with the amount paid since April 2015.

Global Risk Management becomes licensed investment firm
01 Dec 2017 13:03 GMT
Company will add Danish word for investment firm to its name in all legally binding documents.

Aegean secures $750m credit facility with $250m accordion option
01 Dec 2017 10:13 GMT
Three-year global borrowing base replaces the company's outgoing one-year $1 billion facility.

Peninsula ups global working capital facilities to $400m
27 Nov 2017 11:06 GMT
Bunker firm secures additional $100m of working capital in Europe and Asia.

Straits Inter Logistics posts 63.4% revenue rise from oil trading and bunkering
24 Nov 2017 17:25 GMT
Malaysian firm expecting increase in bunker sales contribution in Q4 with the recent addition of two vessels.

Tallink achieves Q3 growth despite rise in bunker costs
22 Nov 2017 11:51 GMT
Ferry operator expecting improved operating results in 2017 thanks to LNG-fuelled ferry.

Quadrise issues activity update following 'media speculation'
20 Nov 2017 09:58 GMT
Company says Nov 6 updates on its activities 'continue to reflect the firm's current status'.

Aegean posts net loss and 23.2% drop in gross profit
16 Aug 2017 08:01 GMT
Bunker firm cites 'challenging' environment as sales margin plummets.

Brightoil 'unable to provide definitive timetable' for release of annual results
10 Nov 2017 15:53 GMT
Bunker seller provides update on work carried out since share trading was suspended on October 3.

Odfjell posts Q3 loss as bunker costs rise
09 Nov 2017 11:23 GMT
Company expects Q4 to be 'in line' with Q3 but believes chemical tanker market will improve in 2018.

Engie 'committed' to downstream activities
09 Nov 2017 09:08 GMT
French firm says retail sales, GTT and regasification terminals are 'core to its strategy'.

Aegean expects to post first loss in three years
08 Nov 2017 05:43 GMT
Challenging environment has continued to put pressure on margins and gross profit, says firm.

Maersk Line posts $336m profit swing despite spending $218m more on bunkers
07 Nov 2017 11:14 GMT
Maersk Line records Q3 after-tax net profit of $220m as marine fuel expenses increase 37% YoY.

Quadrise posts loss in annual results
06 Nov 2017 09:50 GMT
UK firm reports GBP 5 million in cash reserves and no debt.

Higher bunker prices drive up voyage costs as Eagle Bulk posts another loss
03 Nov 2017 09:43 GMT
Owner-operator reports loss despite bigger jump in revenue compared to costs.

Clean Energy Fuels posts higher Q3 loss on incremental charges
03 Nov 2017 08:31 GMT
Operating expenses jumped 68.6% whilst revenue fell 15.7% despite an 8.3% rise in sales volume.

Kirby posts 'better-than-expected' Q3 results
02 Nov 2017 08:10 GMT
Bunker barge operator achieves $28.6m net profit despite 'negative impact from hurricanes'.

Sojitz buys stake in LNG terminal owner with bunker plans, Reganosa
31 Oct 2017 08:14 GMT
Japanese firm acquires 15 percent shareholding in operator of Mugardos LNG facility.

Singapore to withdraw port dues concession in July
30 Oct 2017 07:24 GMT
Port has urged shipping firms to 'make plans for the transition once the relief measures are withdrawn'.

Birns: WFS could see improved marine hedging activity and margins with rising prices
27 Oct 2017 11:36 GMT
CFO discusses the positive effect of higher prices on marine performance.

WFS marine: higher revenue, lower gross profit and sales volume
27 Oct 2017 09:53 GMT
Marine segment saw quarterly and nine-month sales volume fall 12.8% and 13.9% respectively.

World Fuel Services posts third-quarter results
27 Oct 2017 07:05 GMT
Marine segment recorded a decrease in gross profit of $6.8 million, or 18.2%.

Ship operating costs expected to rise in latest survey
26 Oct 2017 14:03 GMT
Shipping firms forecast increase in lube expenses and express concern about the higher cost of regulatory compliance.

Neste completes Naantali revamp to slash heavy fuel oil production
26 Oct 2017 11:24 GMT
Company estimates that it will be able to achieve an additional margin of at least $5.5 per barrel.

Ecoslops secures EUR 5 million capital increase
26 Oct 2017 09:38 GMT
Proceeds to be used to finance Ecoslops' development in France and abroad, says CEO.

Wartsila CEO highlights NCL engine and scrubber order
25 Oct 2017 08:01 GMT
Marine orders increased by 35% in the third quarter.

Engie: Downstream LNG activities not part of strategic review
24 Oct 2017 08:09 GMT
French firm confirms that it is in talks with Total and other unnamed companies.

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.

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