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Home » News » Financial News

Financial News

Aegean staff have been relying on compensation and benefits to support families: EY
13 Nov 2018 00:03 GMT
Unpaid wages at $3.75m as Aegean gets green light to pay personnel.

Higher bunker prices help push up Hanwa's overseas revenue
12 Nov 2018 13:35 GMT
Segment income jumped 210 percent in Q2.

Aegean doesn't have a centralized accounting system: EY director
12 Nov 2018 10:49 GMT
Lack of centralized system 'makes financial reporting and financial planning difficult', says Andrew Hede.

Aegean's proposed bidding process revealed
12 Nov 2018 00:49 GMT
If approved, process would conclude on February 22 with a sale hearing.

Aegean proposes bidding timeline as Mercuria offers $681m
12 Nov 2018 00:02 GMT
Says bidding process represents 'best available restructuring alternative' after exploring non-binding proposals.

CMA CGM adjusts Taiwan bunker fee 'because of rising oil prices'
09 Nov 2018 13:13 GMT
New Emergency Bunker Recovery Measures to become effective from December 8.

Norden ups estimated 2020 scrubber costs
08 Nov 2018 18:26 GMT
But lowers overall 2018-20 CAPEX forecast to $40m.

NCL achieves double-digit growth as bunker costs reach $100m
08 Nov 2018 17:02 GMT
$470.4m net income in Q3; fuel expenses up 9.2 percent.

Aegean document reveals September plan to close four offices
07 Nov 2018 13:42 GMT
Offices in Rio, Shanghai, Singapore and St Petersburg all identified as up for 'planned closure'.

Aegean: 'Cash erosion significantly accelerated' after banks reduced borrowing base
07 Nov 2018 10:38 GMT
Firm describes how situation deteriorated as suppliers moved to LCs and prepayment and its volume-buying capacity fell due to higher prices.

Stockholders likely to get nothing: Aegean
06 Nov 2018 17:25 GMT
Confirms note default due to failure to pay; urges stock investors to act with 'extreme caution'.

Aegean files for Chapter 11 bankruptcy, seeks buyer
06 Nov 2018 11:24 GMT
Mercuria agrees to provide $532m to fund business and sale process.

Monjasa seals US financing deal with JP Morgan
05 Nov 2018 16:22 GMT
Credit facility to be used to cover the firm's activities in the US following 62.5% growth in the Americas.

Aegean claims up to $300m of company assets were misappropriated
02 Nov 2018 15:21 GMT
Alleges UAE-based OilTank, controlled by 'former affiliate', received funds through inflated contracts and fraudulent pricing.

DHT cites bunker prices as key reason for rise in voyage costs
02 Nov 2018 10:51 GMT
Q3 voyage expenses jump 42% as tanker owner posts another quarterly loss.

K Line records H1 losses as bunker prices rise
01 Nov 2018 15:10 GMT
Average bunker price paid climbed 35 percent in H1.

NYK pays 40% more for bunkers in Q2, posts further losses
01 Nov 2018 13:43 GMT
H1 bunker average up 30.5%.

KPI Bridge Oil promotes Victoria Freeman to CFO
01 Nov 2018 10:42 GMT
New job title coincides with Freeman's ninth anniversary at the firm.

ECSA hails adoption of EU report backing tax-free bunkers and low-carbon fuels
31 Oct 2018 18:12 GMT
Support for EU-wide tax exemption that also covers alternative fuels and shoreside electricity.

ONE posts $192m Q2 loss, adjusts H2 bunker average downwards
31 Oct 2018 16:04 GMT
Full-year bunker price forecast now at $451.

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