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Home » News » Financial News - Q1 2015

Financial News - Q1 2015

Carnival's Q1 bunker costs plummet $205 million
27 Mar 2015 17:43 GMT
Carnival spends 39.2 percent less on fuel as company's average purchasing price falls from $654 to $406 per tonne.

Chevron exits Caltex Australia
27 Mar 2015 12:17 GMT
U.S. oil major sells its 50 percent stake in refiner and bunker supplier Caltex Australia Ltd.

Brightoil 'has no intention to acquire Noble Group'
26 Mar 2015 13:53 GMT
Brightoil responds to reports suggesting it is interested in acquiring the commodity trading giant.

Puma Energy posts full-year results
26 Mar 2015 10:10 GMT
Trafigura subsidiary reports rise in gross profit, operating profit, turnover and sales volumes. Net profit is down 19 percent.

Sobelmar gets US court protection
25 Mar 2015 15:22 GMT
'Business as usual' for Sobelmar as US court issues an order preventing the arrest of its vessels.

Aegean is 'done with capex', plans to shore up balance sheet and raise dividend
20 Mar 2015 15:01 GMT
Bunker firm has no capex plans for the near future, and intends to use additional cash flow to fund working capital and increase the dividend.

Higher margins for Aegean in North America and Northwest Europe
19 Mar 2015 10:57 GMT
Company says it is benefitting from better margins in Emission Control Areas (ECAs) as a result of new legislation.

Couche-Tard buys Shell's marketing operations in Denmark
17 Mar 2015 12:43 GMT
Downstream operations are to be managed by Statoil Fuel and Retail A/S. Oil major seeks buyer for Fredericia refinery.

Aegean: 35% decline in 2014 net income despite record sales volumes
17 Mar 2015 10:48 GMT
Supplier posts a 14 percent rise in sales volumes, but net income fell by $9.47 million to $17.59 million in 2014.

Warning: fraudulent attempts to divert funds
13 Mar 2015 14:52 GMT
Shipping firms are warned about attempts to divert funds to fake bank accounts.

Carnival report reveals fuel derivative strategy
10 Mar 2015 16:28 GMT
Report shows that zero cost collars on Brent form the basis of Carnival's derivatives programme.

Lower bunker costs help raise OOIL profits
09 Mar 2015 15:45 GMT
Hong Kong-based OOIL's annual profits for 2014 were aided in part by a fall in marine fuel expenses.

New scrubber financing initiative launched
06 Mar 2015 11:05 GMT
Shipowners pay a premium on fuel purchased to repay the cost of installing a scrubber system.

WFS: first dividend change in five and a half years
04 Mar 2015 09:54 GMT
Quarterly cash dividend is increased by 60 percent to $0.06 per share.

Kinder Morgan completes acquisition of terminals and land
27 Feb 2015 18:07 GMT
Company buys two terminals in North Carolina and one in Texas. Plot of land is located in New Jersey.

Vopak net profit down 21% in 2014
27 Feb 2015 10:55 GMT
Terminal operator achieved a net profit of EUR 247.1 million in 2014. Revenues rose by 2% to EUR 1,322.5 million.

Port of Huelva plans to develop LNG bunkering infrastructure
26 Feb 2015 17:19 GMT
Spanish port to invest in the development of an infrastructure for the delivery of LNG to ships and the export of gas.

Stebbins in $2.7 million share sale
24 Feb 2015 12:16 GMT
Paul Stebbins, former CEO of World Fuel Services, sold 50,000 company shares last week.

Qalaa Holdings considers increased investment in bunkering
23 Feb 2015 10:06 GMT
Egyptian firm says it is considering selling its food businesses and investing more in the bunker industry.

Aegean to hold earnings call in March
20 Feb 2015 10:08 GMT
Aegean Marine Petroleum to hold conference call and webcast following the announcement of its Q4 results.

Gulf Petrochem buys Essar Oil's Kenyan operations
18 Feb 2015 16:08 GMT
UAE firm has acquired Essar Oil's marketing licence and retail outlets in Kenya, according to reports.

Rubis offers to buy Reunion Island petroleum business
18 Feb 2015 14:33 GMT
Shareholders Shell and Total are said to have accepted to open an exclusive period of negotiation.

Shipping must watch costs and risk exposure, says consultancy
16 Feb 2015 12:03 GMT
Maritime companies are advised to keep a close watch on costs and manage their exposure to risk.

Wilh. Wilhelmsen Holding posts fourth quarter results
13 Feb 2015 16:41 GMT
Total Q4 income fell 4 percent quarter-on-quarter and 5 percent year-on-year.

World Fuel Services posts record Q4 and full-year earnings
13 Feb 2015 09:55 GMT
Company records $221.7 million full-year net income. Marine division achieves 16.1% rise in gross profit.

Odfjell will have 'limited benefits' from falling bunker prices in 2015
12 Feb 2015 17:33 GMT
Company has hedged around half of its expected 2015 bunker consumption at an average rate of $525 per tonne.

VTTI Energy Partners posts 48% decline in net income
11 Feb 2015 20:38 GMT
CEO says 'growth strategy remains on track'.

OW Bunker Far East strikes recovery deal
10 Feb 2015 16:02 GMT
KPMG and PWC are to work with OW Bunker Far East to recover outstanding debts of $330 million.

World Fuel Services to hold Q4 and full-year earnings call
03 Feb 2015 12:22 GMT
Management team to discuss the company's fourth quarter and full-year results next week.

NuStar records 18.5% decline in fuels marketing sales in 2014
30 Jan 2015 17:15 GMT
Reduction in the cost of product sales leads to overall rise in segment operating income.

No upfront payment for fuel-saving retrofits
29 Jan 2015 14:15 GMT
New retrofit initiative involves owners and operators paying back a proportion of the amount they save on fuel costs instead of an upfront payment.

EU commits funding to LNG bunkering project in Poland
28 Jan 2015 12:45 GMT
TEN-T Programme is to co-fund the development of the ports of Swinoujscie and Trelleborg.

Aegean files copy of underwriting agreement
19 Jan 2015 06:07 GMT
45-page document is filed with the U.S. Securities and Exchange Commission (SEC).

Aegean files prospectus supplement
15 Jan 2015 19:23 GMT
155-page document is filed with the U.S. Securities and Exchange Commission (SEC).

Shipping firms fined $146,719 for not switching fuels
15 Jan 2015 18:46 GMT
Companies fined for failing to switch to cleaner-burning distillates in Californian waters.

Shippers pay OW fuel bills to avoid detention
14 Jan 2015 15:41 GMT
U.S. court documents are said to show that over $10 million has been paid to cover unpaid bunker bills since November.

NuStar acquires full ownership of New Jersey terminal
14 Jan 2015 09:40 GMT
New York Harbour facility stores fuel oil, jet fuel and gasoline.

Aegean announces proposed offering of $40m of 4.00% convertible senior notes
13 Jan 2015 07:45 GMT
Bunker firm expects to use the proceeds from the sale of the new notes as working capital to fund its expansion into existing and new markets.

Vopak: Cancellation of outstanding financing preference shares effected
05 Jan 2015 20:05 GMT
Cancellation took effect on January 1, 2015.

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