Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Tue 31 Jul 2018, 11:38 GMT

Iino Lines posts profit growth; average bunker price jumps 21.7% YoY


Q2 price prediction revised upwards by $50 compared to April forecast.

Japanese flag on a brick wall.
Image credit: Pixabay
Iino Kaiun Kaisha (Iino Lines) reports that the average bunker price paid during the firm's first fiscal quarter (Q1), which runs between April and June, rose year-on-year (YoY) by $69, or 21.7 percent, to $387 per metric tonne, up from $318 per tonne during the corresponding period in 2017.

In a sequential comparison with the previous quarter's average of $337 per tonne, the result is $50, or 14.8 percent, higher.

Iino Lines has now revised its forecast price for Q2 upwards to $460 per tonne, which is a $50, or 12.2 percent, increase on the previous $410 prediction in April.

The revised Q2 price is also $73, or 18.9 percent, above the $387-per-tonne bunker average recorded in Q1.

In its key results for Q1, Iino Lines' consolidated profit attributable to owners rose YoY by 256.2 percent to JPY 3,583 million ($32.1m).

Also, net sales increased YoY by 1.5 percent to JPY 20,831m ($186.9m); operating income was up 44.2 percent YoY to JPY 1,832m ($16.4m); and ordinary income climbed 89.6 percent to JPY 2,015m ($18.1m).

Photograph of ship with overlaid encircled text of EU regulations. DNV to host webinar on FuelEU Maritime compliance strategies  

Classification society offers insights as first reporting period closes and verification phase begins.
Photograph of ship with overlaid text showing narrowing MGO-biodiesel price spread. Biodiesel–MGO price spread narrows to $400–500/mt in Northwest Europe  

Bunker One says tighter spread creates opportunities for shipping companies pursuing decarbonisation targets.
Graphic for webinar 'Exmar: preparing to sail using ammonia as a marine fuel'. Exmar to discuss ammonia-fuelled vessel operations in webinar  

Shipowner will explore safety measures and partnerships for new dual-fuel ammonia carriers.
Aerial view of a container vessel. Skuld reports engine damage from CNSL biofuel blends amid rising alternative fuel adoption  

Marine insurer details operational challenges with biofuels, including FAME, CNSL and UCOME across member vessels.
Graphic for Exmar webinar titled titled 'Exmar: preparing to sail using ammonia as a marine fuel'. Event date: 15 April 2026. GRM and Bunker Holding to host webinar on Middle East war's impact on energy markets  

Webinar on 9 March will examine effects on crude oil, bunker and gas markets.
GENA Clean ammonia project pipeline chart, February 2026. Clean ammonia project pipeline reaches 145 MMT by 2034, but delivery concerns mount  

GENA Solutions reports 325 tracked projects, though over 70 have been frozen in 20 months.
Peninsula logo. Peninsula highlights supply chain strength amid Strait of Hormuz closure  

Marine fuel seller emphasises reliability as geopolitical disruption reshapes global bunker markets.
European Union member state flags. World Shipping Council backs EU maritime strategies but calls for faster trade simplification  

Industry body supports port security and decarbonisation measures while urging action on customs barriers.
Luke McEwen, Technical Director at Anemoi Marine Technologies. Anemoi and Lloyd’s Register call for unified approach to wind propulsion performance verification  

Anemoi Marine Technologies and Lloyd’s Register publish paper advocating alignment of verification methodologies.
Smyril Line's methanol-ready ro-ro following launch at its Longkou construction base in China in February 2026. Smyril Line's methanol-ready ro-ro launched in China  

First of two 3,300 lane-metre vessels floated out for Faroese operator.

↑  Back to Top


 Recommended