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Home » News » Financial News - Q2 2014

Financial News - Q2 2014

Carnival bunker costs down $28 million in Q2
25 Jun 2014 14:33 GMT
Fuel expenses fall by 5% for Carnival as bunker consumption declines by 12,000 tonnes and the average fuel cost per metric tonne is down 3.8%.

Global Risk Management posts record financial results
25 Jun 2014 08:58 GMT
Risk management specialist achieves increase in annual profit before tax.

OW Bunker acquires Wilhelmsen Marine Fuels
24 Jun 2014 12:07 GMT
Wilhelmsen Marine Fuels is due be integrated as a fully owned subsidiary of OW Bunker as of July 1.

Morgan Stanley to sell TransMontaigne ownership stake to NGL Energy Partners
12 Jun 2014 08:02 GMT
Transaction is expected to close in the third quarter of 2014.

Court orders vessel to pay bunker companies in Malta
11 Jun 2014 21:56 GMT
Ship ordered to pay local firms for fuel and water supplied.

World Fuel Services renews share repurchase program
03 Jun 2014 08:34 GMT
Share repurchase program authorizes the purchase of up to $65 million in common stock.

WFS declares cash dividend
29 May 2014 23:39 GMT
Latest cash dividend will be payable to shareholders in July.

Møller: Increased demand for credit will lead to more consolidation among bunker companies
27 May 2014 13:29 GMT
Suppliers without liquidity will lose out to financially robust organisations offering better terms, says Dynamic Oil Trading's CEO.

Fake agency bank account warning
22 May 2014 13:42 GMT
Shipping companies are warned of a reported scam that has been set up to divert funds to a fake bank account.

Aegean posts decline in Q1 net income
22 May 2014 04:06 GMT
First quarter net income down despite rise in supply volumes, revenues and gross profit.

New treasury management product for bunker suppliers
16 May 2014 15:44 GMT
Management product allows bunker suppliers to automate and streamline their complex treasury operations.

Andatee posts Q1 net loss
16 May 2014 08:34 GMT
Chinese bunker supplier reported a net loss of $3.42 million for the first quarter of 2014.

180 cst blending losses in China
13 May 2014 09:18 GMT
Margins fall as a result of lower bunker prices and stable to higher blending costs.

Funding secured for Mississippi LNG terminal
09 May 2014 16:45 GMT
Facility is scheduled for completion in 2017.

Horizon's Q1 bunker costs decline by $37 per tonne
08 May 2014 19:08 GMT
Average fuel costs decline by 5.5% in the first quarter compared to the previous year.

Aegean to discuss Q1 results in May
08 May 2014 06:42 GMT
Supplier to hold conference call and webcast following the announcement of its Q1 results later this month.

Magellan Midstream posts record Q1 results
07 May 2014 09:08 GMT
Operating profit jumps 93 percent compared to the same period last year.

Buckeye posts first quarter results
06 May 2014 13:51 GMT
'Strong' financial results driven by Hess terminal network acquisition and returns on growth capital investments, says US firm.

Net income up 4.1% for World Fuel Services in Q1
01 May 2014 10:55 GMT
Marine segment gross profit rose by 14.8% in the first quarter compared to the corresponding period last year.

Royal Caribbean forecasts bunker consumption
29 Apr 2014 09:20 GMT
Cruise operator expects to consume 338,000 tonnes of bunker fuel during the second quarter of 2014.

NuStar shares upgraded to 'buy' on stronger fuels marketing results
25 Apr 2014 07:37 GMT
Investment banking firm upgrades NuStar Energy shares from 'hold' to 'buy'.

Wärtsilä posts Q1 results
24 Apr 2014 10:14 GMT
Profit before tax falls 15.6%; net sales rise by 14.7%; EBIT jumps 28.6 %.

NuStar forecasts higher Q2 earnings on improved bunkering results
23 Apr 2014 14:28 GMT
Q2 results for pipeline and fuels marketing segments are expected to be higher due to increased pipeline throughputs and improved results for its bunkering operations.

Vopak net profit falls 17% in Q1 2014
23 Apr 2014 07:35 GMT
Terminal operator says it expects 2014 EBITDA to be 5% to 10% lower than in 2013.

Vopak E.O.S. initiates cost-cutting measures
17 Apr 2014 13:41 GMT
Oil terminal operator cites competition from Russia as the reason for its decision to 'realign' operations.

World Fuel Services to hold conference call and webcast
17 Apr 2014 12:07 GMT
Management team to discuss the company's first quarter results in conference call and webcast.

EMSA to receive €160.5m funding to combat marine pollution
16 Apr 2014 16:34 GMT
Funds to be used to maintain EU network of specialised anti-pollution vessels and to invest in satellite technology.

Stebbins in $1.25 million share sale
07 Apr 2014 08:53 GMT
Paul Stebbins, executive chairman of World Fuel Services, sells over 28,000 company shares.

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