Sign up
Log in Sign up
Fri 20 Dec 2013, 08:31 GMT

World Fuel Services CFO sells 6,000 shares


The combined value of stock sold by CFO Ira Birns this month is almost $500,000.

Ira Birns [pictured], executive vice president and chief financial officer (CFO) of World Fuel Services Corporation, has this week sold 6,000 company shares, a filing with the U.S. Securities and Exchange Commission (SEC) shows.

On December 17, Birns disposed of 945 shares at a weighted average sale price of US$ 42.50. The following day, on December 18, 5055 shares were also sold at a weighted average sale price of US$ 42.50. As a result, the total value of the company stock sold this week is US$ 255,000.

Earlier this month, on December 3, Birns disposed of 6,000 shares at a weighted average price of US$ 39.75.

In total, 12,000 shares have been sold by Birns this month at a combined value of US$493,500.

The World Fuel Services CFO now owns 97,594 shares, which at current market levels values his holdings at over US$ 4 million.

Illustration of balance scale with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.
Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.
Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.
Xinfu124 ultra-large LNG carrier. Private Chinese shipbuilder plans to deliver eight dual-fuel boxships  

Yangzi Xinfu is fully booked until May 2029 and expected to post annual sales revenue exceeding $1.4 billion.
Østensjø Rederi newbuild tug render. Østensjø Rederi orders methanol-ready tug from Spanish shipyard  

Norwegian operator contracts Astilleros Gondán for vessel with diesel-electric hybrid propulsion system.
Bound4blue worker in safety gear. Bound4blue establishes China production base for wind propulsion systems  

Spanish wind propulsion firm targets Asian shipbuilding market with outsourced manufacturing network.
Alfa Laval and Hanwha Ocean Ecotech sign MoU. Alfa Laval and Hanwha Ocean Ecotech partner on ammonia fuel systems  

Collaboration aims to develop ammonia fuel technology for dual-fuel vessels in the Asian market.
Meg Dowling, Lloyd's Register. Nuclear-powered boxships could deliver $68m annual savings: Lloyd's Register  

Small modular reactors could eliminate fuel costs and carbon penalties while boosting cargo capacity, says report.
Minerva Bunkering and Autoridad Portuaria de Las Palmas (APLP) signing ceremony. Minerva Bunkering extends Las Palmas terminal concession by 15 years  

Bunker supplier adds barge capacity and explores new terminal for energy transition fuels.
Liam Blackmore, Lloyd's Register. Ammonia Energy Association releases gas detection whitepaper with Lloyd's Register input  

Lloyd's Register contributed expertise to new guidance on ammonia detection systems for the maritime sector.




 Recommended