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Home » News » Financial News - Q1 2018

Financial News - Q1 2018

Cockett Marine Oil swings into profit as bunker revenue rises
27 Mar 2018 19:01 GMT
Revenue from bunker fuels increased as a result of higher crude prices: Grindrod.

Grindrod to list shipping division on Nasdaq
27 Mar 2018 16:56 GMT
Revenue of business heavily influenced by the sales of Cockett Marine Oil and Unicorn Bunkers.

Quadrise posts GBP 2m interim loss
27 Mar 2018 11:09 GMT
Result is a GBP 0.4m improvement on 2016 and follows the introduction of cost-cutting measures last year.

Fuel-saving ferry, LNG-powered ships were 'main milestones' of 2017: Balearia
23 Mar 2018 17:07 GMT
Operator lauds bunker-related projects as EBITDA and turnover grow.

Carnival posts 20.9% rise in Q1 bunker costs
23 Mar 2018 11:03 GMT
Average price paid for marine fuel jumped 20.7% to $437 per tonne.

Frontline cites bunker prices as key reason for rise in voyage costs
21 Mar 2018 10:51 GMT
Crude shipper also warns of higher compliance costs linked with sulphur limits and energy efficiency standards.

Stolt-Nielsen posts 50% jump in bunker costs as annual net profit is more than halved
15 Mar 2018 11:05 GMT
Net income down $63.1 million as marine fuel expenses rise by $72.2 million.

Containerships plc bunkered 78,900 mt in Baltics and Med last year
14 Mar 2018 13:57 GMT
Improved financial results achieved despite 'sharp increase in bunker prices during the last quarter'.

Aegean defines strategy to improve gross spread
09 Mar 2018 12:18 GMT
Plan includes escalating business in ARA and Germany and 'cherry-picking' volumes in Los Angeles.

Aegean could sell Fujairah storage terminal: CFO
09 Mar 2018 12:13 GMT
Would be 'one alternative' to generate liquidity, but 'not a good time' to sell.

Aegean set to terminate physical bunker operation in Fujairah
09 Mar 2018 12:03 GMT
Supplier looking to withdraw from market that has been 'an overall drag on gross spread'.

Aegean posts 2017 loss as YoY gross spread plummets
08 Mar 2018 08:12 GMT
Company sees HEC acquisition as solution to deliver sustainable growth moving forwards.

Hellenic Petroleum posts 18% rise in 2017 bunker sales
07 Mar 2018 13:43 GMT
Greek refiner says it sold 2.8 million tonnes of marine fuel last year.

Higher bunker prices drive up voyage costs as Eagle Bulk posts 2017 loss
06 Mar 2018 08:18 GMT
Signs of improvement with first positive operating income in seven years.

World Fuel Services declares quarterly cash dividend
02 Mar 2018 10:58 GMT
Dividend is in line with recent payouts.

Tallink posts 2017 profit despite higher bunker costs
28 Feb 2018 15:50 GMT
Ferry operator says it spent EUR 11.6m more on marine fuel last year.

Brightoil delays release of fiscal H1 results
28 Feb 2018 13:37 GMT
Bunker supplier also confirms that it will not be able to publish its interim report by March 31.

Straits Inter Logistics posts profit jump from bunkering in 2017
27 Feb 2018 12:32 GMT
Revenue from bunkering and oil trading skyrocketed 96.2 percent last year.

NCL's bunker costs rose 7.7% in 2017
26 Feb 2018 12:45 GMT
Vessel operator expects average fuel price to be steady in 2018 at $465.

World Fuel Services aims to cut bunker costs by 3-4% in 2018
26 Feb 2018 08:43 GMT
Drop in sales volume mainly due to exiting markets and scaling down activities, says CFO.

WFS marine posts drop in Q4 gross profit, revenue
23 Feb 2018 14:33 GMT
$77m loss from operations posted for the last quarter of 2017.

World Fuel Services sold 26.5m tonnes of marine fuel in 2017
23 Feb 2017 13:34 GMT
Figure is 4.9m tonnes lower than in 2016.

World Fuel Services posts 2017 loss as marine gross profit falls 16%
23 Feb 2018 12:42 GMT
Non-cash impairment charge of $91.9m said to be primarily related to its marine business.

HEC overview and reasons for Aegean acquisition
22 Feb 2018 10:50 GMT
Complementary synergies of growth are said to rest on four key pillars.

Aegean expects Q4 $28.2m loss; 2018 'likely to be another tough year'
21 Feb 2018 09:32 GMT
Company believes 'transformation' will result in 'significant value' for shareholders over time.

Aegean buys Melissanidis-owned firms; founder's group to become biggest shareholder
21 Feb 2018 07:16 GMT
Boardroom power play as acquired firm is set to nominate three board members - including founder's son George.

Viking Line's bunker costs jump 18.3% in 2017
16 Feb 2018 13:39 GMT
Ferry operator notes that bunker prices this year "are expected to be higher than in 2017".

Vopak's net profit dips 12% in 2017
16 Feb 2018 12:18 GMT
Terminal operator achieves 'satisfactory performance' in 2017; expects to 'significantly improve' EBITDA in 2019.

Odfjell posts rise in FY and Q4 2017 bunker costs
16 Feb 2018 10:24 GMT
Average bunker cost per tonne was up 10.6% in 2017.

Maersk Line spent $1.2bn more on bunkers in 2017; average price was highest since 2014
14 Feb 2018 10:25 GMT
Boxship giant's annual spend jumped 57.1% to $3.2bn last year.

Brightoil confirms early $9.6m redemption of listed bonds
13 Feb 2018 10:40 GMT
Bondholders had the right to redeem them following the suspension in trading of Brightoil's shares.

Scorpio Bulkers COO voices scrubber 'scepticism' once again
08 Feb 2018 12:13 GMT
Scrubber legislation, existing technology and the availability of fuels in 2020 all 'stand in the way' of long-term decision making, says Mackey.

Scrubbers not a long-term solution: DHT Holdings CEO Harfjeld
07 Feb 2018 13:01 GMT
Charterers 'concerned' about availability of compliant fuel, says co-CEO of fleet owner with scrubbers installed.

Neste posts EUR 914m profit in 2017
07 Feb 2018 12:19 GMT
Finnish firm says the broadening of its low-sulphur marine fuel portfolio was a 'special focus' in 2017.

Ecoslops reports 'very strong business growth' in 2017
01 Feb 2018 15:18 GMT
Highlights include 40% rise in revenue and 30% increase in production.

MOL sees average bunker price jump 23% in Q3
31 Jan 2018 12:05 GMT
Japanese shipowner paid an average $376 per tonne in the third fiscal quarter.

Kaeline Group acquires Sea Bunkering International
24 Jan 2018 07:23 GMT
Kaeline aims to drive growth of bunker and lubricant volumes with acquisition.

Quadrise 'not aware of any specific reason' for 32% drop in share price
22 Jan 2018 12:45 GMT
MSAR supplier expects fuel production and combustion phases in Saudi Arabia to be completed in Q1 and H2 respectively.

Global Risk Management forms new board of directors
12 Jan 2018 10:31 GMT
Move is linked to Global Risk recently obtaining a licence as an investment firm.

Schulte strengthens position in LNG market with Pronav purchase
11 Jan 2018 11:35 GMT
German group has said it aims to develop several LNG bunker ships in the future.

Societe Generale is first bank to join SEA\LNG coalition
10 Jan 2018 07:44 GMT
Brings a financial perspective to the group, which aims to accelerate the uptake of LNG as a marine fuel.

Energy Petrol reports 10% sales growth in 2017
09 Jan 2018 09:48 GMT
Supplier sold 410,000 tonnes last year and is now focused on preparing for 2020.

Hapag-Lloyd revises bunker charges for February
03 Jan 2018 16:21 GMT
Surcharges cover North Europe; the Mediterranean and Black Sea; and the Middle East, Indian Subcontinent and Africa.

Bermuda Container Line to raise bunker surcharge
02 Jan 2018 14:41 GMT
New fees are to be implemented towards the end of January.

Dansk Olieselskab deal 'will not complete', says Shell
02 Jan 2018 13:07 GMT
Oil major decides to retain ownership in Dansk Shell, but insists $30bn divestment programme is 'on track'.

Equity broker selects Straits Inter Logistics as top stock pick for 2018
02 Jan 2018 12:32 GMT
Selection follows five consecutive quarters of profits for the bunker firm.

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