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World Fuel almost triples earnings from bunker sales

High fuel prices have increased World Fuel Services’ marine business profit margin in Q1.

Photo: PR / WFS

Increasing oil prices and a strained credit environment have been a massive advantage for World Fuel Services in the year’s first three months, resulting in tripled earnings from the bunker firm’s sale of ship fuels.

This is evident from the quarterly report presented by World Fuel Services, which, according to analyst firm Seacred, is the world’s second-largest bunker supplier after Denmark-based Bunker Holding.

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