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Home » News » Financial News - Q2 2018

Financial News - Q2 2018

Project to build hydrogen fuel cell ferry wins $3m grant
26 Jun 2018 08:07 GMT
Vessel set to be first zero-emission ferry in the US.

Carnival posts 20.3% rise in Q2 bunker costs... but still achieves $561m profit
26 Jun 2018 05:34 GMT
Average price paid for marine fuel jumped 21.7% to $455 per tonne.

CMA CGM's takeover of Containerships sees LNG advocates join forces
21 Jun 2018 07:17 GMT
French firm will be adding four LNG-fuelled boxships to its fleet.

Hydrogen-powered ferry project secures EU funding
20 Jun 2018 11:04 GMT
EUR 9.3m awarded by the EU's Horizon 2020 research and innovation fund.

BC Ferries posts rise in bunker consumption in fiscal 2018
20 Jun 2018 08:45 GMT
Canadian firm also discloses amount spent on upgrades and new vessels.

Aegean expects to write off $200m and take legal action
05 Jun 2018 07:33 GMT
$200m of accounts receivable owed to be written off; Audit Committee looks set to recommend claims against parties involved.

FueLNG and Pavilion Gas awarded S$6m to build LNG bunker vessels
04 Jun 2018 06:19 GMT
MPA funding is designed to promote ship-to-ship LNG bunkering in Singapore.

World Fuel Services directors boost shareholding by $158k
30 May 2018 14:54 GMT
Eight board members receive restricted stock unit grant under the firm's 2016 Omnibus Plan.

Nine directors elected at World Fuel Services annual meeting
30 May 2018 12:25 GMT
CEO Kasbar backed by 83.3% of shareholders; tech expert Stephen Gold gets highest number of votes.

CMA CGM posts 'very sharp rise' in bunker costs, Q1 loss
29 May 2018 14:45 GMT
Bunker expenses and fuel oil prices up 17% and 19.4% respectively.

Maersk Line introduces Emergency Bunker Surcharge
25 May 2018 13:55 GMT
Shipper unable to recover bunker costs through standard bunker adjustment factors due to price jump.

World Fuel Services declares quarterly cash dividend
25 May 2018 07:15 GMT
Dividend is in line with recent payouts.

Aegean appoints chairman, but no 2017 report until after Audit Committee review
23 May 2018 00:02 GMT
Donald Moore named as chairman; company plans to move from Melisanidis-owned premises.

Brightoil's Audit Committee 'negotiating' with adviser; results release date still unknown
21 May 2018 13:37 GMT
Negotiations said to be centred around independent adviser's recommendations.

Brightoil's Singapore CEO and head of bunkering steps down
21 May 2018 12:35 GMT
Wang Wei decides not to seek shareholder re-election; confirms no disagreement with board.

Maersk COO explains unit cost at fixed bunker price, outlines fuel efficiency plan
18 May 2018 09:21 GMT
Soren Toft offers further insight into the Ocean segment's bunker-related results.

GoodFuels secures funding from Dutch investment firm
17 May 2018 11:04 GMT
Investment to be used to boost product development and accelerate international growth.

Hapag-Lloyd's Q1 bunker consumption jumps 37% post UASC merger, records $34.3m loss
14 May 2018 07:47 GMT
Shipper says 18.8% bunker price rise 'had a negative impact on earnings'.

Odfjell posts Q1 rise in bunker costs and $12.1m net loss
10 May 2018 10:08 GMT
Believes chemical tanker market will improve in Q2; expects 'stable' results for terminal business throughout 2018.

The Aegean board U-turn: From founder's son to shareholder group nominees in 71 days
03 May 2018 12:14 GMT
How Aegean went from almost incorporating Melissanidis's son and HEC's CEO to adding vocal shareholder group nominees instead.

Aegean: More time needed to file annual report
01 May 2018 00:15 GMT
Says it requires time to complete its consolidated financial statements and assess internal control over financial reporting.

Royal Caribbean sees Q1 bunker costs drop 10%
30 Apr 2018 12:28 GMT
Cruise operator expects fuel expenses to rise by 1.3% in Q2.

World Fuel Services: Florida marine business helped improve profitability
27 Apr 2018 16:13 GMT
Management discusses seasonal sales, cost reduction, margins, niche penetration and LNG.

World Fuel Services posts net income - and marine gross profit - of $31.2m
27 Apr 2018 00:13 GMT
Overall net earnings virtually level with last year; marine division's profit dips 7 percent.

Kirby posts $5m rise in net profit as revenue jumps 50.8%
26 Apr 2018 18:12 GMT
Bunker barge operator achieves $32.5m net earnings.

Aegean Marine Petroleum appoints new CFO
18 Mar 2018 09:02 GMT
Pavlos Papageorgiou has more than 20 years' experience in the financial services sector.

Rotterdam to usher in EUR5m incentive for ships using low- and zero-carbon fuels
13 Apr 2018 14:41 GMT
Port explains that in order to slash emissions by more than 50%, it will require the use of alternative fuels.

Monjasa swings back into profit in 2017
12 Apr 2018 13:32 GMT
Revenue jumped 16.7% despite 300k-tonne dip in bunker sales volume.

Quadrise share price plummets more than 27% in morning trading
06 Apr 2018 09:45 GMT
Company's share value has fallen 70% in just over six trading days.

Brightoil still unable to provide results release date
03 Apr 2018 14:22 GMT
'The Audit Committee may require further time to consider the further steps,' Brightoil says.

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