World Fuel Services CFO sells shares

Wed 15 Jan 2014, 07:24 GMT

World Fuel Services CFO sells shares

The combined value of stock sold by CFO Ira Birns since December is over $760,000.

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

On Friday, January 10, Birns disposed of 6,000 shares at a weighted average sale price of US$44.95 and a combined value of US$269,700.

Last month, 12,000 shares were sold by Birns at a combined value of US$493,500. On December 3, Birns disposed of 6,000 shares at a weighted average price of US$39.75. He then disposed of 945 shares at a weighted average sale price of US$42.50 on December 17. The following day, on December 18, 5055 shares were also sold at a weighted average sale price of US$42.50.

The World Fuel Services CFO now owns 91,594 shares, which at current market levels values his holdings at over US$3.6 million.

United States


		Rolls-Royce Power Systems switches German engine test facilities to HVO fuel Company saved 3,200 tonnes of CO2 by end of 2025 after switching to renewable diesel.

		Changhong International delivers final LNG dual-fuel container ship 205 days early Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.

		Oilmar seeks senior and mid-level bunker traders in Seoul Marine fuel firm aims to recruit experienced traders for South Korean operations.

		Global Ethanol Association to present on ethanol marine fuel at London shipping expo Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.

		IBIA warns of structural shift in marine fuel market following Middle East tensions Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.

		Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.

		Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.

		Ernst Russ acquires four chemical tankers with five-year charters worth $126m Hamburg shipowner enters tanker segment with methanol-ready newbuildings delivering from Q4 2026.

		Wärtsilä boosts ammonia engine power output to match LNG equivalent Finnish technology group raises Wärtsilä 25 Ammonia engine output, enabling simpler vessel designs.

		Fincantieri secures order for three LNG-fuelled cruise ships from Princess Cruises Italian shipbuilder to construct vessels at Monfalcone yard, with deliveries scheduled through 2039.