Singapore-headquartered marine fuel trader Uni-Fuels has posted a 64% year-on-year increase in Q1 revenue and a 58% uplift in marine volumes, but the quarter’s results were impacted by a US$376,087 net loss which the company said was ‘primarily attributable to corporate communication expenses’ in the reporting period. In Q1 2026 revenue was US$83.2 million, which Uni-Fuels said was achieved through higher marine fuel trading volumes and expanded commercial activities. Gross profit increased 85% year-on -year to reach US$1.8 million. The $376,087 net loss in the first three months compares to a net profit of $83,513 in Q1 2025. Marine fuel […]

NYK has announced plans to issue a sixth round of transition bonds to raise funds in support of its decarbonisation strategy, including investment in LNG-fuelled vessels. The funds raised will be allocated to projects aligned with NYK’s medium-term management plan, Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing  . The company issued the shipping industry’s first green bonds in 2018 and subsequently Japan’s first transition bonds in 2021. NYK said the bond issue date will be early June this year. The structuring agent is Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Image: Shutterstock

French sail cargo company TransOceanic Wind Transport (TOWT), which was established in 2011 and entered judicial liquidation in April, is back in business as NEWTOWT, and with Karl Sement at its helm as President. Following its bankruptcy, the Le Havre Commercial Court approved a takeover bid by Revolution Environnementale et Solidaire fund, managed by Credit Mutuel Impact Fund. This fund supported TOWT in 2024 through its financing of six vessels ordered from the Piriou shipyard. Another bid was also tabled for the company by US fund Sandton Capital Partners. Under the rescue plan for TOWT, which came into effect on […]