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Home » News » Financial News - Q2 2011

Financial News - Q2 2011

Bominflot announces EUR 205 million credit facility
22 Jun 2011 13:31 GMT
Supplier secures 2½ year revolving credit facility, nine banks sign into the transaction.

Total sells UK marketing assets
22 Jun 2011 09:21 GMT
Oil major signs agreement to sell assets in the United Kingdom, Channel Islands and the Isle of Man.

ARA supplier to lower payment terms
17 Jun 2011 13:56 GMT
Bunker supplier to reduce its payment terms to 21 days from next month.

Aegean shares reach 52-week low
16 Jun 2011 06:42 GMT
Shares in Aegean Marine Petroleum hit a new 52-week low on the New York Stock Exchange.

World Fuel Services declares cash dividend
13 Jun 2011 07:01 GMT
Quarterly cash dividend follows 22 percent rise in first quarter net income.

Equity fund to invest in Argos Terminals
09 Jun 2011 16:20 GMT
Agreement reached for private equity fund to acquire majority stake in Rotterdam terminal operator.

Odfjell in terminal ownership deal
18 May 2011 18:53 GMT
Equity firm to acquire stake in Rotterdam and Houston storage terminals.

NOL stock downgraded to 'hold'
18 May 2011 09:33 GMT
Singapore bank downgrades Neptune Orient Lines stock following Q1 net loss.

NOL posts loss on higher bunker costs
16 May 2011 07:21 GMT
Rising bunker prices continue to put pressure on costs and weigh down earnings.

Andatee Q1 net income up 65 percent
13 May 2011 14:16 GMT
Net profit surge for Chinese supplier as first quarter revenues rise 49 percent.

Aegean posts 72% drop in net income
12 May 2011 06:52 GMT
Net income falls despite 58.5 percent rise in sales volumes during the first quarter.

Bunkers International expands credit facility
12 May 2011 06:22 GMT
Eight-figure credit line is increased by 70 percent, while the term expands by several years.

Maersk: 'Negative effect' of bunker prices in 2011
11 May 2011 16:23 GMT
World's largest container line expects high fuel prices to continue to have a negative effect on margins this year.

High bunker prices 'putting pressure' on profits
10 May 2011 08:35 GMT
Braemar Shipping chairman says rise in bunker prices is putting pressure on owners to consider their strategy.

Fruit firm reveals bunker hedging rates
09 May 2011 13:51 GMT
Details released regarding bunker fuel purchases for 2012-2014.

Andatee to announce Q1 results this week
09 May 2011 07:04 GMT
Chinese supplier to release financial results for the first quarter.

Petroplus posts $15 million Q1 loss
06 May 2011 16:37 GMT

WFS posts 22 percent rise in Q1 net income
04 May 2011 06:51 GMT
Marine segment generates 2 percent year-on-year increase in Q1 gross profit.

Stable growth for Vopak in Q1 2011
27 Apr 2011 13:43 GMT
Group operating profit remains stable during the first quarter of 2011.

WFS to hold conference call and webcast
19 Apr 2011 12:54 GMT
Management team to discuss the company's first quarter results in conference call and webcast.

Hedging tools to get fuel budgets back on track
08 Apr 2011 08:19 GMT
Risk management specialist says hedging could be crucial to companies exposed to oil price fluctuations.

Oiltanking Partners to raise up to $200m in IPO
05 Apr 2011 13:34 GMT
Terminal and storage company plans to list shares on New York Stock Exchange.

Andatee net income up 38.7% in 2010
04 Apr 2011 20:09 GMT
Chinese supplier achieves a $2.5 million rise in net earnings as revenues climb 53.8 percent.

WFS acquires Ascent Aviation Group
04 Apr 2011 13:09 GMT
Marine, land and aviation fuels specialist completes acquisition of New York-based distributor.

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