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Home » News » Financial News - Q1 2016

Financial News - Q1 2016

Sales volume up 33%, revenue down 30% for Sinfeng Marine Services
23 Mar 2016 08:48 GMT
30% drop in revenue was said to be mainly due to the sharp fall in oil prices.

Gazpromneft Marine Bunker sold 3.7m tonnes in 2015
22 Mar 2016 09:15 GMT
Russian supplier reports positive sales figures for 2015 as it outlines its objectives for this year.

Quadrise announces H2 results
21 Mar 2016 08:53 GMT
Emulsion fuel firm posts results for the six-month period ended 31 December 2015.

Aegean's Fujairah terminal 'at 100% capacity'
18 Mar 2016 08:12 GMT
CEO says Fujairah is 'facing headwinds due to low prices and Iranian oil which has flooded the market'.

Aegean net income up 104% in 2015
17 Mar 2016 09:10 GMT
Cost of revenues plummeted 38.3% and operating income rose 32.2%. Revenues dropped 36.6% depite record sales volumes.

Genco to forgo fuel-efficiency upgrades
14 Mar 2016 08:43 GMT
Company says it does not expect to install fuel efficiency upgrades on any of the vessels scheduled to dry-dock in 2016.

Ship retrofit expected to slash fuel use by 25%
10 Mar 2016 09:32 GMT
Collaboration between Hammonia Reederei and Intermarine has enabled the retrofit of three sister vessels.

Scrubber strategy pays off for Rosyth - Zeebrugge route
08 Mar 2016 09:42 GMT
Route is in profit for the first time, thanks in no small measure to the use of cheaper fuels.

World Fuel Services declares dividend
04 Mar 2016 08:57 GMT
Quarterly cash dividend is in line with the 60 percent increase announced 12 months ago.

Arkas achieves 53% jump in sales to take market share up to a third
02 Mar 2016 09:31 GMT
Company is ranked top supplier in Turkey with sales of 677,001 tonnes last year.

Vopak posts 11% rise in net profit in 2015
26 Feb 2016 10:05 GMT
"We achieved our financial targets for 2015," says CEO.

22% rise in Black Sea sales for Gazpromneft Marine Bunker
25 Feb 2016 13:15 GMT
Russian firm says it sold 795,000 tonnes of marine fuel products in the Black Sea region last year.

Aegean to hold Q4 earnings call in March
25 Feb 2016 08:25 GMT
Bunker firm's earnings call to take place after the announcement of its Q4 results.

Fuel costs up 9.9% for NCL in 2015
24 Feb 2016 15:55 GMT
Bunker expenses increased by over $32 million for Norwegian Cruise Line (NCL) last year.

Ecoslops announces EUR 5.5 million bond issue to accelerate growth
23 Feb 2016 01:45 GMT
Port of Sines operation generated EUR 2.7 million of revenue in 2015.

World Fuel Services CFO sells shares
19 Feb 2016 11:11 GMT
CFO Ira Birns sold over 3,000 shares this week.

Buckeye posts rise in 2015 income
17 Feb 2016 11:06 GMT
Income from continuing operations rose by 23.7 percent last year.

Key marine segment figures in World Fuel Services report
17 Feb 2016 09:53 GMT
World Fuel Services releases detailed marine performance data in 103-page document.

OMV Petrol Ofisi up for sale
16 Feb 2016 11:01 GMT
Up to 100% of Turkish supplier set to be sold in move aimed at 'optimizing OMV's integrated portfolio in a challenging market environment'.

Record bunker sales of 32.6m tonnes for World Fuel Services in 2015
12 Feb 2016 11:01 GMT
Management discuss bunker volumes, financials, risk and acquisitions during earnings call.

World Fuel Services to buy ExxonMobil fuelling ops at 83 airports
11 Feb 2016 14:18 GMT
Company acquires aviation fuelling operations at airports in Canada, UK, Germany, Italy, Australia and New Zealand.

World Fuel Services posts 8% drop in marine gross profit in 2015
11 Feb 2016 13:46 GMT
Overall net income is 15.7 percent lower than the previous year's record figure of $221.7 million.

VTTI Energy Partners posts decline in net income
11 Feb 2016 10:42 GMT
Terminal operator says results were impacted by a reduction in excess throughput revenue.

World Fuel Services to hold earnings call
02 Feb 2016 08:25 GMT
Management team to discuss the company's fourth-quarter and full-year results next week.

Shell to sell stake in Shell Refining Company, Malaysia
01 Feb 2016 12:27 GMT
Agreement reached with Malaysian Hengyuan International Ltd (MHIL) for the sale of Shell's 51% shareholding.

Vopak completes sale of its share in Thames Oilport
01 Feb 2016 08:25 GMT
Greenergy's stake in Thames Oilport rises to 66.6 percent, whilst Shell retains its existing third share.

Fuel-saving rotor sail business gets EUR 3m funding
29 Jan 2016 10:23 GMT
Norsepower says analytics and third-party verification has helped it evolve its rotor sail from an innovative system for trial to a marketable technology.

EU approves draft rules 'to improve the transparency of public funding'
26 Jan 2016 11:15 GMT
But Transport Committee rejects proposed EU-wide free market access rule for suppliers of port services such as bunkering.

Gulf Petrochem launches $50m tender for Fujairah terminal expansion
25 Jan 2016 07:06 GMT
EPC tender is expected to go out to market next week, with the project set to start in April 2016.

IMO energy-efficiency project gets green light
14 Jan 2016 13:32 GMT
Network of regional maritime technology cooperation centres to be established through EUR 10 million funding contribution.

MPA introduces additional port dues concession for container vessels
13 Jan 2016 16:08 GMT
New concession comes as Singapore reports a decline in container and cargo throughput in 2015.

Hapag-Lloyd revises bunker charges for Asia and Oceania
07 Jan 2016 12:55 GMT
Surcharges are effective from February 1.

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