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WFS Q2 Bunker Margins Drop on Year as Volumes Gain shipandbunker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shipandbunker.com Daily Mail and Mail on Sunday newspapers.
World Fuel Services Corporation (INT) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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 . ....
S&B ANALYSIS: WFS Q1 Margins, Volumes Sink Year-on-Year From IMO 2020 Boom by Jack Jordan, Managing Editor, Ship & Bunker Friday April 30, 2021 Fuel supplier World Fuel Services saw its bunker margins and volumes sink on a yearly basis in the first quarter, falling from the highs of the IMO 2020 transition. $6.4 million from its marine division in the first quarter of 2021, down by 81% from the The company s bunker sales volume shrank by 13.4% on the year to 4.2 million mt. $1.52/mt, down from five years excluding $2.28/mt. The declines were principally driven by the strong results we saw in the first quarter of 2020, related to the IMO transition to very low sulfur fuel, ....