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The company reported net profit of $3.6 million from its marine division in the third quarter of 2021, down by 56% on the year.

US-based World Fuel Services Corp. said its first quarter marine fuel sales stood at 4.2 million mt, staying steady compared with the previous quarter but falling by 13% against Q1 of last year. Bunker traders have come under increased pressure due to heightened competition and tough shipping markets as the global coronavirus pandemic continues to ...

INT earnings call for the period ending March 31, 2021.

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Bunker traders have come under increased pressure due to heightened competition and tough shipping markets as the global coronavirus pandemic continues to dent demand and cast a somber cloud on global macroeconomics "In addition to the pandemic-related impact, the year-over-year declines [in the marine segment] were principally driven by the strong results we saw in the first quarter of 2020, again related to the IMO transition to very low sulfur fuel oil," according to Ira Birns...

Operator Ladies and gentlemen, thank you standing by, and welcome to the World Fuel Services Fourth Quarter and Full Year 2020 Earnings Conference Call. My name is Mike, and I'll be coordinating the call for this evening. [Operator Instructions] I would now like to turn the conference over to Mr. Glenn Klevitz, World Fuel's Vice President, Treasurer and Investor Relations. Mr. Klevitz, you may begin your conference. Glenn Klevitz -- Vice President, Assistant Treasurer Thank you, Mike. Good evening, everyone, and welcome to the World Fuel Services fourth quarter and Full Year 2020 Earnings Co...