BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Higher bunker prices help push up Hanwa's overseas revenue

Segment income jumped 210 percent in Q2.



Image credit: Keith Dodrill / Unsplash


Updated on 12 Nov 2018 13:35 GMT

Japan's Hanwa reports that revenue generated by its overseas sales subsidiaries increased partly due to higher bunker prices during the firm's second financial quarter (Q2), which runs between July and September.

In Q2, Hanwa's international subsidiaries recorded a year-on-year (YoY) revenue increase of JPY 39.79bn ($350m), or 35.9 percent, to JPY 150.64bn ($1.3bn), whilst segment income climbed 210 percent from JPY 217m ($1.9m) to JPY 673m ($5.9m).

In addition to rising marine fuel prices, Hanwa also cited increased sales of metal scrap in Singapore and steel in Indonesia, as well as improved profitability for its US steel business, as other reasons for the YoY improvement.

Tokyo-headquartered Hanwa has a bunker trading office in Singapore and, according to its website, also has marine fuel traders based at its offices in Beijing, Ho Chi Minh City, London, Mumbai, New York, Seoul and Vladivostok.

Overall, Hanwa's total Q2 revenue grew YoY by JPY 179.8bn, or 21 percent, to JPY 1,056.9bn ($9.3bn). Gross profit was up JPY 4.3bn, or 13 percent, to JPY 37.9bn ($333m), whilst net income declined by JPY 2.4bn, or 28 percent, to JPY 6.3bn ($55.3m).






Related Links:

Hanwa Company Ltd.
Hanwa Singapore (Pte.) Ltd.
Japan

Latest News:

Silverstream System hails air lubrication uptake ahead of 2020
Aegean secures final approval for initial set of motions
MoU signed to test fuel gas and bunkering systems in Busan
Oil and fuel oil hedging market update
Volatility as OPEC meeting comments emerge; draw in US oil stocks
Quadrise announces open offer to avert Jan winding down process
Aegean rejects Mercuria objections ahead of court hearing
Aegean files motion to protect confidential information
Verifavia inks cooperations with eight ROs for IMO DCS verification
Oil and fuel oil hedging market update
First US-based LNG-fuelled cruise ship to be named Mardi Gras
Wait-and-see sentiment ahead of OPEC and non-OPEC meetings




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events