SHARE IBT | SET EDITION

US Edition | Monday, November 23, 2009 3:11 AM ET

Industries > Oil & Gas

Marine fuel trader Chemoil says to post loss in Q3

Comments 1
Rating Unrated (0)

EMAIL
PRINT
RSS
SHARE
TEXT SIZE: A A A

10 October 2009 @ 02:17 pm ET

Next Industries Article

SINGAPORE - Marine fuel supplier Chemoil Ltd expects to post a net loss in the third quarter, hurt by weak fuel oil margins.

Oil storage tanks are seen at Chemoil's Helios terminal on Singapore's Jurong Island February 28, 2008. Chemoil Energy will launch its marine fuel business in Fujairah next month and will more than double the storage capacity within two years, as the company keeps its expansion on track after the death of its founder, its new chief executive Clyde Michael Bandy said on Wednesday. (Reuters Photo / Tim Chong )

1 of 1

Full Size

It said late on Friday that the business operations of the company have been negatively affected by unusually weak fuel oil margins in many of its market segments worldwide, while its oil hedging was less effective than previous quarters.

Chemoil said in June its majority shareholders are in talks with various parties for the possible sale of part or all of the company. [ID:nSIN491784]. The company will report earnings for the July-September quarter next month.

(Reporting by Saeed Azhar; Editing by Jerry Norton)

Next Article: Banque Saudi Fransi Q3 profit down 1.9 pct

Click!

Rate this article:

EMAIL
PRINT
RSS
SHARE
TEXT SIZE: A A A

Comments

eiluxury

Oct 16, 2009 2:25pm

I just bought this bag from louis vuitton online shop which located in New York city, it’s wonderful.

Post Your Comment

More News

Afghan govt would fall if NATO withdraws: UK minister

Shoppers are pictured at the Glendale Galleria shopping mall on Black Friday

Black Friday deals may not signal retail comeback

Hershey mulls $17 bln solo bid for Cadbury - source

Popular

Rated

- Confidential Climate Change E-mails hacked ahead of Copenhagen Meeting
  A team of unidentified hackers has managed to steal "confidential" global warmin...

Hacked Emails prove Climate Science debate will not end soon
Daily Forecast - 23/11/2009
Clues from Gold about the US Dollar
Security Tool Virus Removal
Daily Forex Outlook - USD Carry Trade Under Threat
Obama asks Americans for patience on economy

RSS

See Complete List >>

- Sasol to cut emissions, invest in solar power
  Petrochemicals group Sasol, the world's leader in making motor fuel from coal, plans to reduce its carbon footprint by capturing its emissions, p...

Confidential Climate Change E-mails hacked ahead of Copenhagen Meeting
Why people won't use Google Chrome OS
Hershey mulls $17 bln solo bid for Cadbury - source
Hacked Emails prove Climate Science debate will not end soon

RSS

See Complete List >>

More Industries

Shell in talks to by 10 pct of Essar Oil-report

Royal Dutch Shell is in talks to buy 10 percent of India's Essar Oil as part of a deal where it would sell three European refineries to the Indian firm, ...

Honda tops again in efficiency on U.S. roads

Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for...

Engineer in Ford theft case may face more charges

A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on...