Sign up
Log in Sign up
Mon 4 Apr 2011, 13:09 GMT

WFS acquires Ascent Aviation Group


Marine, land and aviation fuels specialist completes acquisition of New York-based distributor.

World Fuel Services Corporation has announced today that its wholly-owned subsidiary, World Fuel Services, Inc., has completed the previously announced acquisition of Ascent Aviation Group, Inc., a leading distributor of aviation fuel and deicing fluids.

"The acquisition of Ascent further strengthens our platform in the general aviation fuel distribution business and expands our product offering," stated Michael J. Kasbar, president and chief operating officer of World Fuel Services Corporation. "We are pleased to welcome Ascent to the World Fuel organization and are looking forward to working with their talented team."

Ascent, based in Parish, New York, supplies aviation fuel and deicing fluid to more than 450 airports and fixed base operators throughout North America. Ascent is a national branded reseller of aviation fuel for ConocoPhillips and is the exclusive third-party distributor of deicing fluids for Dow Chemical in the United States.

The transaction is expected to be $0.03 to $0.05 accretive to earnings in the first twelve months, World Fuel Services said.

Deal   United States 
KRATT vessel. Estonia launches biomethane-battery workboat for state fleet  

38-metre KRATT is said to be the first vessel of its kind in the region.
YM Willpower bunkering operation via SIMOPS. Yang Ming completes first LNG SIMOPS bunkering for YM Willpower in Shanghai  

Dual-fuel boxship receives 2,000 tonnes of LNG during simultaneous cargo operations.
Chris Kruger, AYK Energy. AYK Energy and Gebhard Electro secure two vessel electrification contracts  

A new dredger and a patrol vessel retrofit form the latest battery projects for the duo.
Pan Ke and Yang Chunhua. Everllence and Hudong-Zhonghua sign engineering design agreement for LNG carrier development  

Agreement covers 180,000-cbm LNG carrier featuring a hybrid-electric propulsion system.
Corvus Energy technicians. Corvus Energy partners with Belga Marine to support Brazil’s battery-powered offshore fleet  

Norway-based energy storage firm expands aftermarket service network into Brazil’s growing offshore market.
Singapore Shipping Association (SSA) logo. Singapore Shipping Association updates biofuels bunkering FAQ for 2026  

SSA releases latest edition of its biofuel bunkering guidance document for the Port of Singapore.
Lake Victoria 700th LNG bunkering operation graphic. Eastern Pacific Shipping reaches 700th LNG bunkering operation  

Singapore-based shipowner logs nearly 3 million cbm of LNG bunkered over nearly six years.
Tsurugidake naming ceremony. MOL holds naming ceremony for fourth LNG dual-fuel VLCC  

Vessel, named Tsurugidake, features an LNG fuel tank with a capacity exceeding 10,000 cbm.
VPS Carbon Reduction seminar graphic. VPS to host Bergen seminar on marine fuel quality, lubricants and decarbonisation regulation  

Free-to-attend event on September 16 will feature speakers from VPS and DNV.
Launching ceremony of Carlotta Cosulich. Cosulich Marine Energy launches third methanol-ready bunker tanker in China  

Carlotta Cosulich launched at Taizhou Maple Leaf Shipyard, leaving one vessel in series still to come.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG / LBM / LBG Biofuel Biogas Biomethanol CBM Dual-fuel E-fuel E-methane / e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



 Recommended