The remarkable performance, both in revenue and profitability, recorded during the period 2022-2023 for Finecor Oil Bunkering S.A., brings new investments. The company has undertaken an extensive redesign of the solutions and tools it offers to its large client base, not only in Greece but primarily in major fuel bunkering ports worldwide.
According to reports, the company will immediately expand its operations in Singapore, the United Arab Emirates, and Malta, providing 24x7 services. At the same time, it is also considering acquiring a petroleum storage facility in Greece.
Finecor Oil Bunkering was founded in 2001 and has emerged as one of the leading suppliers of marine fuels (bunker fuel, distillates, and lubricants) in all Greek ports within a few years. Among others, the company supplies top firms such as CMA, CGM, MSC, Hapag Lloyd, and Evergreen, as well as car carriers like Wilson and Euro Carriers.
This year, it has exceeded 500 clients, utilizing a network of 100 or more trucks in Piraeus, Elefsina, Perama, Drapetsona, Aspropyrgos, Lavrio, Kalamaki-Corinth, Agios Nikolaos Boeotia, Stylida, Larymna, Patras, Volos, Thessaloniki, and in all other ports throughout Greece.
It provides guaranteed quality products and services, aiming to meet the needs of every type of vessel approaching Greek ports. All products delivered are produced according to international standards (ISO 8217:2017 specifications). Marine lubricants are supplied by various manufacturers, oil giants, and independents, through local representatives and suppliers. At the moment, it offers its clients four main products: GASOIL 0.1% density <0.86, GASOIL 0.1% density >0.86, RMG 380 HS, and RMG 380 0.5%S.
With a 92% increase in revenue in 2022 (€25.85 million in 2022 compared to €13.74 million in 2021), the upward trend continued in 2023, with revenue surpassing €32.40 million.
In more detail, the company’s revenue for the year 2022 amounted to €25.85 million, compared to €13.74 million in 2021, marking a 92% increase. During the same period, gross profits amounted to €3.85 million, compared to €2.04 million in 2021 (an 89% change). For the fiscal year 2023, the company continued its upward trajectory, with revenue exceeding €32.40 million, up from €25.85 million in 2022.
During the same period, the volume of marine fuel sold (MGO and VLSFO) amounted to 40,000 MT, up from 23,000 MT in 2022, representing a 74% increase. For the year 2024, the company aims for a further 20% increase in sales.
Revenue in 2022 recorded a 92% increase
Singapore, United Arab Emirates and Malta join the Finecor Oil network.
Two former protected witnesses who provided damning testimony against political figures during the Novartis trial were on Monday found guilty of making false accusations and giving false testimony.
The new Road Traffic Code, voted into law in June 2025, went into full effect on Saturday, September 13, aiming to reduce road accidents and fatalities in Greece.
Prime Minister Kyriakos Mitsotakis expressed the EU's support for the Polish partners who defended the Union's eastern borders against an open violation of their airspace, after his meeting on Monday...
Who is Med Marine as it marks its 30th anniversary — and why is it turning to electrification?
METLEN has been added to the FTSE 100 stock market index, just a few weeks after being listed on the London Stock Exchange, the company’s Chairman and CEO Evangelos Mytilineos announced.
Government spokesman Pavlos Marinakis, in an interview with OPEN TV, stressed that "there has been no incident or fishing activity by Turkish vessels within national territorial waters."
The Money Laundering Authority, headed by the honorary deputy prosecutor of the Supreme Court Charalambos Vourliotis, prevents money laundering through betting companies.
The Prime Minister Kyriakos Mitsotakis, during Wednesday afternoon’s meeting of the Government Council for Economic Policy, emphasised that, a few days before presenting the main pillars of economic...
