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Home » News » Financial News - Q1 2014

Financial News - Q1 2014

Bunker firm records profit rise
27 Mar 2014 21:08 GMT
Increase in gross profit and revenue recorded during the second half of 2013.

Revenues and traded volumes up for Vitol in 2013
26 Mar 2014 13:37 GMT
Oil trader and bunker player records a 1.3 percent increase in revenues and a 5.7 percent rise in traded volumes.

Carnival bunker costs down $36 million in Q1
25 Mar 2014 14:31 GMT
Fuel costs fall by 6.4 percent for Carnival during the three months ended February 28.

Horizon's fuel costs fall $49 per tonne in Q4 2013
21 Mar 2014 14:43 GMT
Average fuel costs decline by 7.1% in the fourth quarter of 2013 compared to the corresponding period in 2012.

Shagang Shipping arrests HNA Group vessel in Australia
19 Mar 2014 12:51 GMT
Hong Kong firm says the move is part of a 'long-running legal campaign' seeking USD 66.4m from China's HNA Group.

EU to fund LNG supply hub project in north-west Spain
17 Mar 2014 15:23 GMT
Project to focus on the development of infrastructure and procedures for the supply of LNG to ships.

NuStar shares upgraded from 'neutral' to 'buy'
14 Mar 2014 19:18 GMT
Goldman Sachs says fee-based growth driven by its Eagle Ford project backlog will put NuStar 'back on track'.

World Fuel Services completes Watson Petroleum acquisition
11 Mar 2014 07:13 GMT
CEO says acquisition will serve as a platform for further growth across Europe.

Surcharge heads-up: Bunker costs will 'substantially increase', says shipper
10 Mar 2014 12:18 GMT
Shipping firm highlights the challenge it faces in educating the market about higher fuel surcharges as a result of increased bunker costs.

WFS declares cash dividend
10 Mar 2014 06:33 GMT
Latest cash dividend will be payable to shareholders in April.

OW Bunker sells 29.2 million tonnes in 2013
05 Mar 2014 13:44 GMT
Bunker firm reports strong 2013 results with above 30% growth in volume and profitability.

After-tax profit up 11% for CLH Group in 2013
03 Mar 2014 19:28 GMT
Spanish oil transportation and storage firm achieves an after-tax profit of 164.2 million euros in 2013.

Vopak net profit falls 10% in 2013
03 Mar 2014 09:08 GMT
Chairman says he is 'convinced' Vopak is a stronger company than a year ago despite first earnings decrease in ten years.

Aegean net income up 34.8% in 2013
27 Feb 2014 08:46 GMT
Year-on-year Q4 net income increases by $3.3 million despite 15.2% decline in revenues and 15.7 % fall in sales volumes.

Chemoil a step closer to SGX delisting
26 Feb 2014 15:55 GMT
Singfuel offers shareholders a 29% premium of US$0.40 per share in a bid to acquire the remaining shares of Chemoil.

Enjet exits the bunker business
26 Feb 2014 00:01 GMT
Houston firm decides to stop supplying marine fuels because it is 'just not profitable'.

Rosbunker acquisition offer under consideration
25 Feb 2014 09:31 GMT
Shareholders to be informed 'as and when a binding contract has been agreed'.

Shell and Vitol confirm Australia downstream sale
21 Feb 2014 08:18 GMT
Sale includes Shell's Geelong Refinery along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. It also includes a brand license arrangement and an exclusive distributor arrangement for Shell Lubricants.

Shell sells Australian downstream assets
19 Feb 2014 16:33 GMT
Deal includes the sale of Shell's Geelong refinery and petrol stations.

Net income up 7.3% for World Fuel Services in 2013
13 Feb 2014 14:24 GMT
Marine segment gross profit fell by 14.9% last year, whilst the land segment achieved a 45.5% rise in gross profit during the same period.

Aegean to discuss Q4 results in February
13 Feb 2014 11:41 GMT
Supplier to hold conference call and webcast following the announcement of its Q4 results later this month.

Wärtsilä publishes annual financial report
11 Feb 2014 15:31 GMT
CEO says Wärtsilä is well positioned to pursue growth, even in the current market environment.

World Fuel Services to hold conference call and webcast
06 Feb 2014 11:53 GMT
Management team to discuss the company's fourth quarter and year-end results in conference call and webcast.

NuStar divests remaining interest in asphalt JV
04 Feb 2014 13:55 GMT
CEO says the company can now focus on its 'more stable' storage and pipeline fee-based operations.

Allantone administrator offers six vessels for sale
03 Feb 2014 14:53 GMT
Six bunker supply vessels are being offered for sale by the administrator of UK firm Allantone Supplies Ltd.

World Fuel Services sued over train crash crude
31 Jan 2014 17:08 GMT
Fuel company is accused of falsely identifying the crude oil it was carrying as low danger.

Aegean secures $150 million uncommitted working capital facility
16 Jan 2014 22:27 GMT
Bunker supplier says the working capital facility will be used to support its expansion in the US.

World Fuel Services CFO sells shares
15 Jan 2014 07:24 GMT
The combined value of stock sold by CFO Ira Birns since December is over $760,000.

Endofa first year turnover exceeds expectations
14 Jan 2014 18:35 GMT
Supplier completes first year of trading with a turnover of USD 235 million.

Altor mulls OW Bunker listing
10 Jan 2014 09:22 GMT
Private equity group says OW Bunker "could be very attractive to list".

OW Bunker signs USD 700m revolving credit facility
09 Jan 2014 11:27 GMT
Danish firm says facility provides flexibility to continue growth, including the launch of new physical supply operations.

World Fuel Services to acquire Watson Petroleum
06 Jan 2014 13:21 GMT
UK firm is a leading distributor of gasoline, diesel, heating oil and lubricants in England and Wales.

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