World News
Efficiency Measures and "Solid" Bunkering Margins Helped NuStar to "Strong" Q1
Wednesday April 26, 2017
NuStar Energy L.P. (NuStar), in a conference call covering its financial results for 2017's Q1, said "solid bunkering margins," as well as a decrease in operating expenses due to efficiency measures, helped the company to a "strong" quarter.
Overall, the company says its Q1 results were largely driven by high renewal rates at several of NuStar's terminal facilities, as well as incremental throughput fees, and an increase in ammonia throughput volumes due to a warmer and earlier spring season.
For the first quarter of 2017, NuStar reports a net income applicable to limited partners of $38.5 million.
Meanwhile, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $154.1 million.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 641.00 | 4.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 629.50 | 2.00 | 802.50 | 6.50 |
| Fujairah | 647.50 | 2.00 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
Popular Now More
-
Apr 22The 46,000 DWT MR2 chemical tanker Green Land was arrested at about 3:30 PM on April 17. -
Apr 23The ship had come to Singapore from St Petersburg. -
Apr 22Iranian fuel oil has been widely reported to have been resold in the bunker markets of ports in the region for years, as well as being exported further afield.