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Home » News » Financial News - Q3 2014

Financial News - Q3 2014

Carnival's fuel costs down $90 million in 9 months
24 Sep 2014 08:51 GMT
Fuel expenses 5.4% lower than last year after consuming 1.9% less fuel. Company expects higher fuel costs of around $0.10 per share in 2015 as a result of new sulphur content rules.

Government financing secured for LNG-fuelled boxships
23 Sep 2014 12:43 GMT
U.S. Department of Transportation approves $324.6 million Title XI loan guarantee.

Chinese fuel oil firm's 'bank accounts have been frozen'
22 Sep 2014 08:57 GMT
Market source claims fuel oil seller is in debt dispute and parent company is looking to sell 20 percent stake.

Investor buys stake in Cape Town fuel terminal company
19 Sep 2014 16:11 GMT
Cape Town facility is to be used for the storage and distribution of locally produced and imported fuels.

Integr8 Fuels snaps up Greek bunker firm
19 Sep 2014 14:50 GMT
Trading team moves to Integr8 Fuels' office in Athens as part of the agreement.

Unifeeder to implement SECA surcharge to cover higher fuel costs
18 Sep 2014 13:16 GMT
Logistics firm to introduce surcharge in 2015 as it switches to higher-priced marine gas oil (MGO) in order to meet new sulphur content regulations.

Hovensa refinery sale agreed 'in principle'
17 Sep 2014 14:53 GMT
Unnamed 'U.S.' buyer is required to negotiate an operating agreement with the U.S. Virgin Islands government before the deal can go through.

Corpus Christi marine terminal deal completed
17 Sep 2014 13:04 GMT
Terminal complex is expected to provide around 5.6 million barrels of liquid petroleum product storage upon completion of the initial development phase.

Chimbusco posts rise in H1 net profit
17 Sep 2014 11:37 GMT
Net profit results revealed for the first six months of 2014.

Vopak postpones publication of financial results
12 Sep 2014 09:15 GMT
Third-quarter results are now to be published a day after the MH17 national commemoration.

Buckeye to acquire 80% interest in Corpus Christi terminal complex
05 Sep 2014 12:31 GMT
Terminal complex is expected to provide around 5.6 million barrels of liquid petroleum products storage upon completion of the initial development phase.

World Fuel Services declares cash dividend
04 Sep 2014 07:14 GMT
Latest cash dividend will be payable to shareholders in October.

'Next-gen' bulker can achieve fuel savings of over $6500 a day, says shipping firm
03 Sep 2014 09:11 GMT
Bulk carrier is said to offer a 'very attractive' return on investment due to its 'extremely low' fuel consumption.

Shipping firm announces new bunker charges
28 Aug 2014 10:42 GMT
New bunker charges for transpacific trade will be effective from October 1.

Imtech sells ICT division
26 Aug 2014 15:23 GMT
Company says the divesture of its ICT division will not have an impact on Imtech's value proposition for customers.

Odfjell: Q2 net bunker cost up on last year, lower than Q1
26 Aug 2014 07:32 GMT
Net bunker cost per tonne was up $17 in the second quarter compared to last year, but down $6 on the first three months of 2014.

Maersk Line's bunker costs down 2.8% in Q2
22 Aug 2014 12:38 GMT
Shipping line achieved a 6.6% increase in volume growth, but it consumed 1% less fuel and the average bunker price paid was 1.7% lower.

Vopak net profit down 15% in H1 2014
20 Aug 2014 11:57 GMT
Terminal operator says it expects 2014 EBITDA to exceed EUR 700 million.

Danish firm closes fuel cell business
18 Aug 2014 12:28 GMT
Company could no longer justify the investments and risk needed to move the company forward, says CEO.

Andatee: Q2 net income up, H1 net income down
15 Aug 2014 14:05 GMT
Chinese bunker supplier records a loss for the first six months of 2014 and a rise in second quarter net income.

Singapore bunker supplier expands fleet
15 Aug 2014 12:42 GMT
Bunker firm confirms the acquisition of two bunker barges.

Aegean posts rise in Q2 net income
14 Aug 2014 08:36 GMT
Net income jumps 69% as revenues and gross profit rise despite 1.2% fall in marine fuel sales volumes.

InterOil streamlines businesses following sale of refinery and downstream assets
13 Aug 2014 12:25 GMT
Organization to focus on exploration and production after the recent sale of its refinery, downstream and shipping businesses to Puma Energy.

Bunker blending losses prevail in China
12 Aug 2014 13:13 GMT
Margins slightly improve in the south, but blending losses continue to be recorded in China.

Kinder Morgan to consolidate assets
11 Aug 2014 14:35 GMT
Energy business to be restructured as one corporation from a master limited partnership structure.

BOSTCO expansion update
08 Aug 2014 13:31 GMT
Ultra-low sulphur diesel (ULSD) storage tanks are expected to be in commercial operation before the end of the third quarter.

Oiltanking Q2 net income up 43.3%
07 Aug 2014 14:20 GMT
Terminal operator posts net income of $42.3 million for the second quarter of 2014.

VTTI Energy Partners announces closing of IPO
07 Aug 2014 12:35 GMT
Common units were sold by VTTI MLP Partners B.V., a wholly-owned subsidiary of VTTI B.V., and began trading on the New York Stock Exchange on August 1.

Aegean to hold earnings call in August
01 Aug 2014 11:33 GMT
Aegean Marine Petroleum to hold conference call and webcast following the announcement of its Q2 results later this month.

World Fuel Services posts second quarter results
31 Jul 2014 11:59 GMT
Marine segment gross profit rose by 2% sequentially, but was down 7% year-on-year.

World Fuel Services completes Colt International acquisition
31 Jul 2014 11:15 GMT
Houston-based firm is a provider of contract fuel and international trip planning services for the aviation industry.

Horizon's bunker costs down $23 per tonne in Q2
30 Jul 2014 13:45 GMT
Average fuel costs decline by 3.5% in the second quarter compared to last year.

Fuels marketing operating income up for NuStar Energy
28 Jul 2014 13:06 GMT
Fuels marketing segment records jump in Q2 and H1 operating income despite decline in product sales and other revenue.

Box Ships repays one of its loans
25 Jul 2014 08:53 GMT
Container transportation firm pays $15 million plus interest to clear outstanding loan with Commerzbank.

Oil terminal network firm increases cash distribution
24 Jul 2014 16:38 GMT
Cash distribution represents an increase of approximately 2 percent on the previous quarter.

VTTI Energy Partners announces IPO
23 Jul 2014 13:15 GMT
Company plans to raise $350 million by offering 17,500,000 common units.

Goldman Sachs buys stake in Petlim port
22 Jul 2014 16:56 GMT
Investment banking firm secures 30 percent share in Turkey's largest integrated port for $250 million.

Barge operator to announce Q2 results in July
16 Jul 2014 17:28 GMT
Oil transportation firm and barge operator Kirby Corporation will be announcing its second quarter results at the end of the month.

World Fuel Services to acquire Colt International
14 Jul 2014 12:42 GMT
Houston-based firm is a provider of contract fuel and international trip planning services for the aviation industry.

Compulsory acquisition notices issued to Pan European Terminals shareholders
11 Jul 2014 08:51 GMT
Delisting from the London Stock Exchange is expected to take place on 16 July.

Genco exits Chapter 11 bankruptcy protection
10 Jul 2014 06:18 GMT
Shipping firm says it has reduced debt by approximately $1.2 billion and received $100 million in new equity capital.

Refining and fuels marketing businesses acquired in Papua New Guinea
09 Jul 2014 17:28 GMT
Deal includes refining business and network of fuel terminals, retail service stations and aviation facilities.

EIB boosts development of sustainable sea transport between Norway and Denmark
08 Jul 2014 15:02 GMT
The European Investment Bank (EIB) is providing a EUR 124 million loan to the shipping company Fjord Line for the expansion of its fleet.

Stebbins in $2.47 million share sale
04 Jul 2014 12:51 GMT
Paul Stebbins, former CEO of World Fuel Services, has sold 50,000 company shares this week.

Varo Energy acquires OMV's stake in Bayernoil
01 Jul 2014 09:13 GMT
Based in Neustadt, Bayernoil is a refiner of crude oil and sells fuel oil, bitumen, gasoline and diesel.

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