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Home » News » Financial News - Q4 2013

Financial News - Q4 2013

Gazpromneft Marine Bunker acquires Novorossiysk oil terminal
24 Dec 2013 12:31 GMT
Novorossiysk terminal is capable of handling light and dark oil products.

Rosneft to acquire Morgan Stanley's oil merchanting business
23 Dec 2013 15:43 GMT
Deal includes Morgan Stanley's 49 percent stake in tanker firm Heidmar Holdings.

Carnival bunker costs fall $173 million
23 Dec 2013 08:33 GMT
Fuel costs decline by 7.3 percent for Carnival during the 12 months ended November 30.

World Fuel Services CFO sells 6,000 shares
20 Dec 2013 08:31 GMT
The combined value of stock sold by CFO Ira Birns this month is almost $500,000.

Aegean completes acquisition of Hess's U.S. East Coast bunkering business
19 Dec 2013 14:37 GMT
President says deal is 'important milestone in Aegean's history'.

CEPSA sells 5% of its stake in CLH
17 Dec 2013 15:32 GMT
Spanish oil firm in deal to sell 5% of its shareholding in Compañía Logística de Hidrocarburos (CLH) to private investment company Ardian.

Valero Energy Partners closes public offering
17 Dec 2013 14:37 GMT
The public now owns a 29.4 percent limited partner interest in the business.

Valero Energy Partners up 22% on first day of trading
12 Dec 2013 06:47 GMT
Common units are trading on the New York Stock Exchange under the ticker symbol 'VLP'.

NuStar expects improved fuels marketing results in 2014
11 Dec 2013 12:13 GMT
Strategy to lower working capital is expected to have a positive effect on results in 2014, says CEO.

WFS declares cash dividend
27 Nov 2013 06:23 GMT
Latest cash dividend will be payable to shareholders in January.

Bunkers International secures financing
21 Nov 2013 19:23 GMT
Funds to be used to refinance existing debt and support the company's growth initiatives.

Andatee posts rise in Q3 gross profit
18 Nov 2013 09:01 GMT
Gross profit up $4.9 million as revenue jumps $30 million during the third quarter.

Aegean posts 8.8% decrease in Q3 net income
14 Nov 2013 06:19 GMT
Sales of marine petroleum products fell by 12.2% during the third quarter compared to last year.

NuStar expects improved bunker results in Q4
13 Nov 2013 19:08 GMT
NuStar Energy expects new bunker fuel supply agreement to have a positive effect on its fuels marketing results in the fourth quarter.

Barge operator to present at investment conference
07 Nov 2013 15:47 GMT
CEO and CFO to present at upcoming New York event.

Aegean to discuss Q3 results in November
31 Oct 2013 07:50 GMT
Supplier to hold conference call and webcast following the announcement of its Q3 results next month.

World Fuel Services posts steady net income in Q3
30 Oct 2013 20:52 GMT
Third quarter net income is unchanged at $51.5 million, but marine segment posts a decline in gross profit.

Fuel costs rise for Norwegian Cruise Line
30 Oct 2013 15:34 GMT
Bunker expenses increase by over 10 percent during the third quarter compared to last year.

Net income up 30% for barge operator
30 Oct 2013 08:53 GMT
Transportation firm records a $16 million rise in Q3 net earnings.

Intermediaries warned about forged documents
29 Oct 2013 10:22 GMT
Forged documents could result in intermediaries being held liable for substantial claims, says insurance specialist.

Brightoil secures loan agreement
29 Oct 2013 09:11 GMT
Capital to be used to support Brightoil's marine transportation business 'in particular'.

Much to discuss at Pan European Terminals meeting
28 Oct 2013 06:47 GMT
Terminal operator is considering a possible offer from Belphar Ltd. for its entire issued share capital.

World Fuel Services: A thesis for growth
24 Oct 2013 07:51 GMT
Stock market veteran highlights potential growth opportunity.

Andatee regains NASDAQ compliance
18 Oct 2013 13:01 GMT
Supplier regains compliance requiring a minimum bid price of $1.00 for continued listing on the NASDAQ stock market.

Aegean announces pricing of $75m convertible senior notes
18 Oct 2013 12:34 GMT
The public offering is expected to close on October 23, 2013.

Aegean announces proposed offering of $75m convertible senior notes
17 Oct 2013 15:21 GMT
Bunker supplier says it expects to use the net proceeds for general corporate purposes and working capital.

World Fuel Services to hold conference call and webcast
17 Oct 2013 08:08 GMT
Management team to discuss the company's third quarter results in conference call and webcast.

Hess in agreement to sell terminal network
14 Oct 2013 12:31 GMT
Buckeye Partners to acquire U.S. East Coast and St. Lucia terminal network for $850 million.

World Fuel Services increases credit facility to $1.1 billion
11 Oct 2013 07:32 GMT
Revolving credit facility could also be expanded to $1.25 billion 'under certain conditions'.

New maritime bank aims to bridge funding gap in maritime finance market
09 Oct 2013 09:01 GMT
Financial institution will aim to meet the funding needs of owners in the shipping and offshore industries.

IK Investment Partners to acquire DNV Petroleum Services
03 Oct 2013 07:15 GMT
Sale is said to be a 'strategic decision', based on a review of DNV's portfolio of activities following the DNV GL merger.

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