World News
Ecoslops' New Share Issue Raises €4.98 Million
Ecoslops [EPA:ALESA], which specializes in recycling ship slops into IFO and MDO bunkers, has announced that it has carried out a new share issue, realizing a resulting capital increase of €4.98 million ($5.82 million).
A total of 383,178 new shares were issued at a price of €13.00 ($15.19) per share.
"This capital increase has been a great success," said Vincent Favier, CEO of Ecoslops.
"The proceeds of this capital increase will allow Ecoslops to finance its development in
France and abroad."
Settlement and admission to trading of the new shares on the Euronext Paris securities market is scheduled for October 27, 2017.
Earlier this month, Favier told Ship & Bunker that the company sees the UK as another potential market and is currently eyeing the region as a possible next location for its oil recycling business.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25The new hire was previously a marine fuel trader for Vilma Oil in Madrid from June 2017 to last month. -
Apr 24The arrests were both on Monday.