World News
CEO Tom Reilly Leaves Chemoil
Monday July 14, 2014
Thomas K. Reilly has left his role as Chief Executive Officer of Chemoil Corporation effective June 30, 2014, the marine fuel supplier has confirmed to Ship & Bunker.
Reilly, who was previously the CEO of OceanConnect Holdings, Inc, took over the helm at Chemoil in January 2011.
Speaking to Ship & Bunker last week, Chemoil said it has no further comment to make on the matter at this time.
The change comes two months after parent company Glencore plc took the firm private, delisting it from Singapore's SGX effective May 5, 2014.
Earlier this year the firm said its profits for 2013 dropped 32 percent year-on-year to $101.9 million, a total which included a $60 million tax credit for bio-diesel as part of U.S. energy tax incentives.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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