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Home » News » Financial News - Q1 2017

Financial News - Q1 2017

Carnival posts 58.8% rise in Q1 bunker expenses
28 Mar 2017 15:35 GMT
Cruise line achieves rise in Q1 earnings as average fuel price increases to $362 per tonne.

Cosco Shipping posts 71.5% bunker sales growth, drop in profit
24 Mar 2017 07:04 GMT
Sinfeng Marine Services achieves an increase in sales volume of almost 1 million tonnes.

NewOcean bunker sales boosted by China growth
22 Mar 2017 13:23 GMT
Supplier posts increase in 2016 bunker sales and revenue, but a decline in profit.

Van Oord 'proud' of decision to build LNG-fuelled ship
21 Mar 2017 09:20 GMT
Net profit fell 46.6% in 2016 amid 'worsening conditions in the dredging and offshore oil and gas markets'.

Gener8 sees bunker costs jump 31% in 2016
14 Mar 2017 12:17 GMT
Aegean sold 69% of total, but $3 million less than the previous year.

Gener8 profit plunges as operating costs rise
13 Mar 2017 12:49 GMT
CEO highlights higher rates for fuel-efficient Eco VLCCs.

OOIL posts $219m loss, highlights higher H2 bunker prices
13 Mar 2017 08:36 GMT
Drop in revenue recorded despite a 9.1 percent rise in liftings.

Aegean Marine Petroleum goes ex-dividend
13 Mar 2017 06:14 GMT
Dividend payments on Aegean shares traded on or after 13th March will go to the seller.

Grindrod issues annual report
09 Mar 2017 11:33 GMT
Report follows release of audited results on 2nd March, with Cockett Marine Oil posting a loss.

Lotos achieves record results in 2016
09 Mar 2017 08:42 GMT
Bunker player posts best net profit in its history.

Neste sets out Baltic strategy following record year
08 Mar 2017 09:01 GMT
Aims include improving supply capacity, a safety programme and refinery merger.

Vitol to acquire Petrol Ofisi for EUR 1,368 million
06 Mar 2017 10:12 GMT
Deal comes a year after OMV's decision to put the Turkish business up for sale.

World Fuel Services declares quarterly cash dividend
06 Mar 2017 08:18 GMT
Dividend payout is in line with the amount paid over the last two years.

Aegean expecting 'strong growth' from bunker trading
03 Mar 2017 09:05 GMT
Bunker firm forecasts positive future for trading as division sells 12.9% of Q4 volumes.

Brightoil posts H2 revenue growth, lower bunker sales
24 Feb 2017 14:53 GMT
Revenue growth was mainly thanks to an increase in sales from trading petroleum products.

Finnlines profit up as bunker-saving scrubber programme reaps rewards
24 Feb 2017 11:57 GMT
Ferry operator spent $21.2 million less on bunker fuel in 2016.

Teekay Tankers posts drop in net income, higher bunker costs
24 Feb 2017 09:31 GMT
Operator says OPEC production cuts and rising oil prices will offer some headwinds to crude tanker rates in 2017.

Grindrod's bunker barge business has positive impact, but losses expected
23 Feb 2017 11:05 GMT
Company reports 'gradual improvement' in H2, but forecasts losses of around $130 million.

Brexit 'could harm our business', warns World Fuel Services
21 Feb 2017 12:49 GMT
Company warns of lower US dollar results, reduced customer budgets, exposure to risk and higher legal costs.

Viking Line reports drop in bunker costs, income
17 Feb 2017 12:37 GMT
Ferry operator expects bunker expenses to increase in 2017.

Vopak posts EUR 326.1 net profit in 2016
17 Feb 2017 07:18 GMT
"We are on the right track ," says CEO.

Aegean to hold Q4, full-year earnings call in March
16 Feb 2017 11:41 GMT
Bunker firm's earnings call to take place the day after the announcement of its Q4 and full-year results.

World Fuel Services sold 31.4m tonnes of marine fuel in 2016
15 Feb 2017 10:43 GMT
Sales figure is 1.3 million tonnes lower than 2015.

WFS posts 21.2% fall in marine gross profit in 2016
15 Feb 2017 00:02 GMT
Gross profit up for aviation and land segments, but down $40.1 million for marine.

PDZ says bunker claims of more than $850k will have 'minimal' impact
14 Feb 2017 11:59 GMT
Malaysian owner notes that solicitors believe it has a 'strong arguable case to challenge the arrest'.

Brightoil to hold board meeting to approve H2 results
14 Feb 2017 09:31 GMT
Board meeting to be held on 24th February.

Bunker growth helps Brightoil achieve unaudited profit rise
13 Feb 2017 11:36 GMT
Brightoil says bunker business recorded an increase in sales volume and margins in H2.

S&P upgrades Petrobras's credit rating
13 Feb 2017 07:49 GMT
Credit rating for the Brazilian company's debt raised to 'BB-'.

Ecoslops announces 'key successes' as revenue jumps EUR 2m in 2016
10 Feb 2017 15:35 GMT
Company plans to seal deals for two industrial units in 2017.

Zeaborn acquires MCC Marine's bunker broking business
10 Feb 2017 12:43 GMT
Business operations of Rickmers-Linie acquired in deal signed on 7th February.

Maersk Line spent $700 million less on fuel in 2016
08 Feb 2017 12:22 GMT
Bunker costs were 25% lower and the average bunker price fell by 29.2%.

Monjasa appoints Head of Credit
07 Feb 2017 14:48 GMT
In his previous banking sector role, Anders Egelund specialised in the oil and shipping sectors.

World Fuel Services to release Q4 and full-year results
03 Feb 2017 07:16 GMT
Management to hold earnings call to discuss the firm's results later this month.

'Business as usual' for Dan-Bunkering in Cartagena despite Petrocosta liquidation
02 Feb 2017 00:02 GMT
Liquidator says Petrocosta 'will continue with its normal operations'.

Neste sells terminal in Pietarsaari
01 Feb 2017 10:23 GMT
Finnish firm says facility would have required further investment to be used to store oil products.

OOIL denies takeover bid
20 Jan 2017 10:14 GMT
Hong Kong-listed firm advises shareholders to 'exercise caution' when dealing with company shares.

Marine fuel cell project secures EU funding
17 Jan 2017 08:51 GMT
System based on the PowerCell S3 fuel cell stack to be developed for ships.

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