SINGAPORE, June 30, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced the opening of a new office in Shanghai. As part of the Company’s global expansion strategy, Uni-Fuels has also established an office in Dubai, located near Fujairah, in April. Centrally located in Lujiazui, the subsidiary Uni-Fuels (Shanghai) Co., Ltd., also known as Uni-Fuels Shanghai, marks a significa ...

Core Insights - TMD Energy Limited (TMDEL) is expanding into oil waste collection, enhancing its Environmental, Social, and Governance (ESG) commitments by collecting sludge oil and used cooking oil for conversion into biodiesel [1][2] - The company aims to leverage its logistics network to meet the rising demand for sustainable waste disposal, contributing to Malaysia's renewable energy goals [2][3] Company Overview - TMDEL is based in Malaysia and Singapore, providing integrated bunkering services, including ship-to-ship transfer of marine fuels, ship management, and vessel chartering [1][4] - The company operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels, specializing in marine gas oil and various types of marine fuel oil [4] Strategic Initiatives - The entry into the biodiesel market aligns with government incentives and evolving regulatory frameworks, presenting growth opportunities [3] - TMDEL's initiative reflects a commitment to transforming waste into a valuable resource, aiming for operational excellence and ecological responsibility [3] - The company plans to engage in processing and distribution of biodiesel, positioning itself as a key player in Southeast Asia's green energy transition [3]

Financial Performance - For the quarter ended March 2025, World Kinect (WKC) reported revenue of $9.45 billion, down 13.7% year-over-year, and EPS of $0.48, slightly up from $0.47 in the same quarter last year [1] - The reported revenue was below the Zacks Consensus Estimate of $10.27 billion, resulting in a revenue surprise of -7.99%, while the EPS exceeded the consensus estimate of $0.45, yielding an EPS surprise of +6.67% [1] Key Metrics - World Kinect's stock has returned -16.3% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The company currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Segment Performance - Aviation volume was reported at 1,700.2 million gallons, exceeding the average estimate of 1,646.91 million gallons, with revenue of $4.65 billion, above the $4.41 billion estimate, but showing a year-over-year decline of -9.5% [4] - Land segment revenue was reported at $2.87 billion, significantly below the $3.68 billion estimate, reflecting a year-over-year decline of -16.1% [4] - Marine segment revenue was $1.93 billion, also below the $2.22 billion estimate, with a year-over-year decline of -19.1% [4] - Income from operations in the Aviation segment was $56.20 million, surpassing the estimate of $42.91 million, while Land reported a loss of -$45.30 million against an expected profit of $15.38 million [4]

Year-Over-Year increases in Sales of Marine Fuels, Total Revenues and Gross ProfitSINGAPORE, April 22, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its financial results for year ended December 31, 2024. Recent Developments On January 15, 2025, the Company closed its initial public offering (the “Offering”) of 2,100,000 Class A Ordinary Shares at a public offering pri ...