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US' World Fuel Services Q1 bunker volume falls on tough markets, IMO 2020

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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, executive vice president and CFO of the company, speaking on an earnings call on April 29. You re comparing to an extraordinary Q1 when the IMO implementation happened. ....

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World Fuel Services Corp (INT) Q4 2020 Earnings Call Transcript

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 Conference Call. I m Glenn Klevitz, and I ll be doing the introductions on this evening s call alongside our slide presentation.. This call is also available via webcast. To access this webcast or future webcasts, please visit the World Fuel Services Corporation website and click on the webcast icon. With us on the call today are Michael Kasbar, Chairman and Chief Executive Of ....

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World Fuel Services Corp (INT) Q4 2020 Earnings Call Transcript

World Fuel Services Corp (INT) Q4 2020 Earnings Call Transcript
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S&B ANALYSIS: WFS and TFG: A Tale of Two Margins

S&B ANALYSIS: WFS and TFG: A Tale of Two Margins
by Jack Jordan, Managing Editor, Ship & Bunker
Friday December 11, 2020
Bunker profit margins for new supplier
TFG Marine appear to be less than half the level of the marine division of
World Fuel Services, according to an analysis of the two firms performance in the first nine months of 2020.
Mixed Margins
Golden Ocean s filings this year, the company saw overall profit of
$4 million over the first three quarters.
TFG has been expanding steadily over the year, and now says its bunker sales have reached
540,000 mt/month. Assuming a lower
300,000 mt/month average for the first nine months of the year, reflecting a slower start before all of its operations were up and running, the company saw a profit margin of ....

Ira Birns , Asia Ira Birns , World Fuel Services , Golden Ocean , New York Listed World Fuel Services , Asia Ira , Northwest European , இரா பிர்ன்ஸ் , ஆசியா இரா பிர்ன்ஸ் , உலகம் எரிபொருள் சேவைகள் , தங்கம் கடல் , புதியது யார்க் பட்டியலிடப்பட்டுள்ளது உலகம் எரிபொருள் சேவைகள் , ஆசியா இரா , வடமேற்கு ஐரோப்பிய ,