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Home » News » Financial News - Q2 2016

Financial News - Q2 2016

Cruise bunker buyers slump on post-Brexit uncertainty
28 Jun 2016 07:15 GMT
Share prices hit by the possibility of economic uncertainty over the summer.

Moody's downgrades shipping sector outlook
24 Jun 2016 10:26 GMT
Credit rating firm says the supply-demand imbalance 'will persist over the coming 12 to 18 months'.

Will Maersk be broken up?
24 Jun 2016 09:08 GMT
Investors bet on break-up as appointment of Soren Skou is seen as a sign of a more profound restructuring.

Marine fuel injection system market worth $5.2bn by 2021
23 Jun 2016 17:19 GMT
Report says the increase in trade, strict emissions regulations and growth of the shipbuilding industry will be the main market drivers.

EIB to invest EUR 1.1bn into reducing shipping emissions
21 Jun 2016 18:08 GMT
Funds to be used to create greener ships, fit existing ships with eco-friendly fuel systems and invest in green technology.

Bankruptcy petition against Viking Supply Ships withdrawn
17 Jun 2016 15:16 GMT
The petition for bankruptcy was made for an unpaid amount of around $2.5 million.

Raya International's biggest stakeholder exits
17 Jun 2016 14:15 GMT
Move comes just a few months after the company diversified into the marine fuels business.

Monjasa net profit and sales volume up, revenue down in 2015
03 Jun 2016 09:46 GMT
Net profit and sales volume grew by 9.1% and 6.8% respectively; revenue declined by 27.3%.

South Korea's KTB Oil joins KPI Bridge Oil Group
01 Jun 2016 08:03 GMT
Newly named KPI Bridge Oil South Korea is headed up by Minah Kim.

Vopak sells ownership in Japanese terminals
31 May 2016 08:34 GMT
Terminal operator divests its 40 percent ownership in the joint venture Nippon Vopak Co. Ltd. to Macquarie Asia Infrastructure Fund.

Owners should 'carefully perform due diligence' on bunker firms, says TransNav VP
30 May 2016 10:01 GMT
Morten Olsen Vind highlights the issue of potentially having to pay twice for the same fuel delivery.

World Fuel Services declares quarterly cash dividend
27 May 2016 06:29 GMT
Quarterly cash dividend is in line with the 60 percent increase implemented last year.

Aegean Marine Petroleum earnings call summary
26 May 2016 10:08 GMT
Management team discusses key issues, including storage and delivery vessels, results in key markets and expected second-quarter volumes.

Baltic Exchange and Singapore Exchange enter into exclusive discussions
26 May 2016 09:10 GMT
Exclusivity agreement signed. Baltic board to consult with stakeholders before making a final recommendation

Aegean revenue, net income down despite 31% jump in sales volumes
25 May 2016 13:08 GMT
Bunker supplier sold 4.2 million tonnes during the first three months of 2016.

Teekay: oil supports tanker demand, higher bunker prices hit tanker rates
20 May 2016 11:04 GMT
CEO points out that the recent rise in bunker prices has been a key factor that has contributed towards the decline in Q1 spot tanker rates.

Hapag-Lloyd BAF up 50% since March
18 May 2016 12:45 GMT
Shipping line announces second successive BAF increase for containerised shipments from North East Asia to Australia.

New York records rise in clean vessel calls
17 May 2016 11:13 GMT
Increase in the number of calls by ships qualifying for the port's Clean Vessel Incentive (CVI) Program.

IBIA calls for industry-wide cooperation to develop 'fair and fully understood' sales terms
13 May 2016 09:38 GMT
Association calls for the industry to 'think innovatively' to overcome the situation that has arisen as a result of the OW Bunker collapse.

Ultrapetrol announces extension of forbearance agreements with lenders
12 May 2016 09:21 GMT
Company reaches agreement to extend its existing forbearance agreements up until May 31.

World Fuel Services CEO in $1.4m share sale
11 May 2016 08:37 GMT
Michael J. Kasbar sold over 31,000 company shares at a weighted average sale price of $46.53.

Aegean to hold Q1 earnings call in May
11 May 2016 07:52 GMT
Bunker firm's earnings call to take place after the announcement of its Q1 results.

Maersk Line posts 95% decline in Q1 profit as bunker costs plummet
05 May 2016 09:24 GMT
The average bunker price paid was 50% lower than during the first quarter of 2015.

Bahia Blanca refinery sold in Petrobras Argentina divestment
04 May 2016 08:53 GMT
Refinery has been used by Petrobras as a source for the delivery of marine fuel products in Bahia Blanca.

Couche-Tard completes acquisition of Dansk Fuels
03 May 2016 10:33 GMT
Shell business sold for approximately $300 million, including working capital.

Marine segment results discussed in World Fuel Services earnings call
29 Apr 2016 08:51 GMT
Management team discuss the company's performance in the first quarter.

World Fuel Services posts 27% drop in marine gross profit
28 Apr 2016 13:45 GMT
First-quarter net income dipped $3.2 million, or 5.8 percent,

World Fuel Services announces earnings call time change
28 Apr 2016 09:31 GMT
Management team to discuss the company's first-quarter results.

NuStar posts 51% decline in Q1 fuels marketing sales
27 Apr 2016 14:02 GMT
Segment operating income fell to a loss of $773,000 from a profit of $9,925,000 in the prior-year quarter.

Zenith Energy completes acquisition of BP's Amsterdam terminal
27 Apr 2016 13:20 GMT
Liquid storage and handling facility has a total capacity of more than six million barrels.

Resolutions passed at Vopak's AGM
21 Apr 2016 14:41 GMT
Summary of resolutions passed at Royal Vopak's Annual General Meeting (AGM), held on April 20.

Vopak announces 'robust performance' on day of AGM
20 Apr 2016 11:21 GMT
Results are said to have been achieved due to 'sound market fundamentals for storage demand and infrastructure services'.

Genoil secures $5bn funding for desulphurization project
19 Apr 2016 10:48 GMT
Goal is to develop 3.5 million bpd of desulphurization capacity at a total estimated cost of $35-50 billion.

World Fuel Services to hold earnings call
15 Apr 2016 08:37 GMT
Management team to discuss the company's first-quarter results later this month.

WFS shareholders to vote in May meeting
13 Apr 2016 11:51 GMT
Official notification of matters to be brought to a vote in annual meeting.

Green InfraPort project grant approved
05 Apr 2016 15:05 GMT
Grant to be used to implement a number of sustainable solutions in the Baltic Sea region.

OW Bunker investors file lawsuit
05 Apr 2016 12:10 GMT
26 Danish institutional investors in claim for losses associated with the bankruptcy of OW Bunker.

Singapore introduces 10% port dues concession for bulk carriers
05 Apr 2016 09:56 GMT
Concession granted 'in view of the current downturn in the shipping industry'.

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