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Home » News » Financial News - Q4 2016

Financial News - Q4 2016

DOE funds project to accelerate introduction of fuels for low-emission engines
30 Dec 2016 07:51 GMT
$7 million to be distributed to eight universities participating in the Co-Optima initiative.

Taiyo Oil buys fuel oil-producing refinery in Okinawa
29 Dec 2016 14:55 GMT
Petrobras sells 100% stake in refinery that stopped operating in March 2015.

New shore power tariffs in Amsterdam from January
29 Dec 2016 12:18 GMT
Dutch port insists it 'only passes on the actual costs to users'.

Neste buys former biodiesel plant, targets renewable diesel growth
28 Dec 2016 09:34 GMT
Pre-treatment and storage to start after maintenance work is completed during the second half of 2017.

Shell sells Vivo Energy stake to Vitol
27 Dec 2016 05:25 GMT
Vitol takes controlling stake in African supplier of marine fuels and lubricants.

Shell completes sale of fuel oil-producing refinery in Malaysia
22 Dec 2016 12:11 GMT
Port Dickson refinery sold to subsidiary of China's Shandong Hengyuan Petrochemical Co. Ltd.

Carnival's bunker costs drop 27% in 2016, expects $315m rise next year
21 Dec 2016 10:51 GMT
Cruise operator expects average bunker price to jump $91 to $374 per tonne in 2017.

Idemitsu Kosan acquires stake in Showa Shell
19 Dec 2016 10:48 GMT
Shell sells 31.2 percent shareholding for $1.4 billion.

Aegean upsizes and prices senior notes offering
14 Dec 2016 15:07 GMT
Company prices $150 million in senior notes - $50 million more than previously announced.

Aegean to offer $100 million in convertible senior notes
14 Dec 2016 08:07 GMT
Bunker firm expects to grant buyers an option to buy an extra $15 million in convertible senior notes.

Glencore, Qatar in final-stage negotiations to buy 19.5% stake in Rosneft
08 Dec 2016 14:18 GMT
Transaction expected to close in mid-December, says Glencore.

World Fuel Services declares quarterly cash dividend
01 Dec 2016 07:41 GMT
Quarterly cash dividend is in line with the amount paid over the last seven quarters.

EU funding for hydrogen fuel cell project expected in December
23 Oct 2016 08:34 GMT
System based on the PowerCell S3 fuel cell stack to be developed for ships.

WFS: The benefits of working with a strong counterparty
22 Nov 2016 10:01 GMT
WFS warns buyers could suffer financially if they do not have a business strategy in place for future bunker collapses.

Aegean Marine Petroleum earnings call summary
18 Nov 2016 07:35 GMT
Management team discusses key issues, including price trends, the jump in sales and the sulphur cap.

Aegean posts 55% jump in Q3 net income
17 Nov 2016 07:01 GMT
Sales volumes rose by 25.8% to 4.26 million tonnes during the third quarter.

Conrad net loss 'primarily due to' LNG bunker barge
14 Nov 2016 12:51 GMT
Shipbuilder says it recorded a $12.5m gross loss on the construction of America's first dedicated LNG bunker barge.

NCL's bunker bill drops $2.58m in Q3
11 Nov 2016 12:19 GMT
Average fuel price dropped 11.5 percent to $500 per tonne between July and September.

Finnlines profit up on cheaper HFO with scrubbers, lower fuel consumption
10 Nov 2016 11:13 GMT
Revenue declines mainly due to reduction in bunker surcharge.

Genoil signs $50bn letter of intent to produce 3.5m barrels of desulphurized fuels a day
10 Nov 2016 08:54 GMT
Company to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia and Chechnya.

EUR 4m funding for Klaipeda LNG project gets go-ahead
09 Nov 2016 08:13 GMT
EC's Innovation and Networks Executive Agency (INEA) confirms grant agreement.

Aegean to hold Q3 earnings call in November
04 Nov 2016 08:19 GMT
Bunker firm's earnings call to take place following the announcement of its Q3 results.

WFS management discusses Q3 bunker performance
28 Oct 2016 10:02 GMT
Marine division results discussed in earnings call.

World Fuel Services amends credit facility to $2.1 billion
28 Oct 2016 00:17 GMT
Term of the credit facility is extended to October 2021.

World Fuel Services posts third-quarter results
28 Oct 2016 00:04 GMT
Third-quarter net income of $42.7m reported; marine segment profit drops 23.4 percent.

Five bunker firms in top 25 Hanjin creditor list
27 Oct 2016 10:07 GMT
World Fuel Services is the marine fuel seller claiming the largest amount - $22 million.

World Fuel Services to hold earnings call
14 Oct 2016 07:28 GMT
Management team to discuss the company's third-quarter results later this month.

$9 million from Altor could have saved OW Bunker, ex-CFO claims
10 Oct 2016 06:13 GMT
Former CFO says banks pulled plug after owner Altor was not prepared to pay $9 million.

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