World News
Aegean to Release Financial Results on Monday
Aegean Marine Petroleum Network Inc. [NYSE:ANW] (Aegean) says it will issue financial results for the third quarter of 2014 on Monday, November 24, 2014, after the close of market trading.
A conference call to discuss the three months ended September 30, 2014 will be held the following day on November 25 at 8:30 a.m. Eastern Time.
This week Aegean was reported by a number of news outlets to have a combined outstanding debt of more than $25 million with now-bankrupt OW bunker, but several sources close to the matter told Ship & Bunker that this figure is significantly higher than their true exposure.
The supplier, who has so far made no official statement on the matter, is expected to make further comment next week.
Aegean, along with World Fuel Services Corp. [NYSE:INT] (WFS), has been tipped for growth following the collapse of OW Bunker.
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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