Fri 4 Jul 2014 12:51

Stebbins in $2.47 million share sale


Paul Stebbins, former CEO of World Fuel Services, has sold 50,000 company shares this week.

The former executive chairman and chief executive officer (CEO) of World Fuel Services Corporation, Paul H. Stebbins [pictured], has sold 50,000 company shares this week at a total value of 2,471,195.10.

On Tuesday, July 1, Stebbins sold 36,454 shares at a weighted average sale price of US$49.6 and a combined value of US$1,808,118.40.

The following day, Stebbins sold 13,546 shares at a weighted average sale price of US$48.95 and a combined value of US$663,076.70.

Following the sale, the former World Fuel Services executive chairman now has 33,322 common stock shares remaining in direct ownership, plus an additional 408,778 common stock shares in indirect ownership. At current market levels, this values his direct and indirect holdings at over US$21.6 million.

Stebbins stepped down as CEO of World Fuel Services in January 2012. The position was filled by current CEO Michael Kasbar. Stebbins also stepped down as executive chairman at this year's annual meeting of shareholders. He continues to serve as a member of its board of directors.
Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.
Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.
Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.
Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.
A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.
Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.
Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.
Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.
Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.
Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.

↑  Back to Top


 Related Links