![]() |
Dan-Bunkering has posted a profit before tax of $46.8m for the 2023-24 fiscal year, up 1% from $46.3m in 2022-23.
Revenue over the same period fell by $289.9m, or 7.1%, from the firm's all-time high of $4.06bn to $3.77bn.
Dan-Bunkering began presenting its financial performance in a combined group format last year, with results dating back to 2018-19. Pre-tax profit for 2023-24 is the best over this six-year period, whilst revenue is the second highest.
Annual profit before tax with YoY changes for Dan-Bunkering, 2018/19 - 2023/24
Profit before tax in $m.
| Year | Profit before tax ($m) | Change ($m) | Change (%) |
|---|---|---|---|
| 2018-19 | 24.334 | ||
| 2019-20 | 24.627 | 0.293 | 1.2 |
| 2020-21 | 18.304 | -6.323 | -25.7 |
| 2021-22 | 19.586 | 1.282 | 7.0 |
| 2022-23 | 46.308 | 26.722 | 136.4 |
| 2023-24 | 46.790 | 0.482 | 1.0 |
Annual revenue with YoY changes for Dan-Bunkering, 2018/19 - 2023/24
Revenue in $m.
| Year | Revenue ($m) | Change ($m) | Change (%) |
|---|---|---|---|
| 2018-19 | 2503.755 | ||
| 2019-20 | 2373.982 | -129.773 | -5.2 |
| 2020-21 | 2000.608 | -373.374 | -15.7 |
| 2021-22 | 3280.563 | 1279.955 | 64.0 |
| 2022-23 | 4059.604 | 779.041 | 23.7 |
| 2023-24 | 3769.732 | -289.872 | -7.1 |
"This year's result Dan-Bunkering continues to build on strong financial performances of the past fiscal year," Dan-Bunkering said.
Claus Bulch Klausen, CEO of Dan-Bunkering, remarked: "In a year characterised by geopolitical tensions and shifting demands across shipping segments, we are immensely proud of the results we have achieved. They are a testament to the great work from the teams around the world in navigating these challenges.
"The past financial year saw an increased focus on the transition towards decarbonisation. We have put increased effort into assisting our clients and suppliers in adapting to the recently implemented environmental regulations, such as the EU ETS scheme, and demands within for instance the alternative fuels space. We are therefore investing time and resources to assist our partners with finding the best way forward."
|
Blue Energy Partners appoints Nicolaj Kofoed as group treasurer
Bunker firm strengthens treasury function as banking relationships and funding needs grow. |
|
|
|
||
|
Bunker Partner seeks trainee lawyer for Athens office
Role offering the opportunity to a law graduate to gain practical experience in maritime law. |
|
|
|
||
|
HD Hyundai gains type approval for low-pressure ammonia dual-fuel engine
HHI-EMD completes type approval testing for its H22CDF-GA engine, expanding its ammonia engine portfolio to two fuel-supply technologies. |
|
|
|
||
|
Flex Commodities appoints Moataz Abdelrahman as senior marine fuels trader
Dubai-based trading firm adds senior trader to expand marine fuels and bunker trading activities across the Middle East. |
|
|
|
||
|
Alternative-fuel ship orders outpace port infrastructure, LR report finds
Lloyd's Register study shows methanol and ammonia bunkering infrastructure lagging behind newbuild orders for alternative-fuel vessels. |
|
|
|
||
|
J-ENG secures orders for four ammonia-fuelled engines under Japanese PCTC project
Vessels form part of plan to build four ammonia-fuelled car carriers, a dedicated bunkering vessel and supply chain. |
|
|
|
||
|
ABS grants AIP to Hanwha Power for 1,700-TEU battery-powered container ship
Design uses roughly 151 MWh of swappable battery storage for fully electric propulsion on a container vessel. |
|
|
|
||
|
WinGD signs first licence deal with HD Hyundai Marine Engine to expand Korean production
Mid-bore engine portfolio gains new production route into Korea's bulk carrier and tanker newbuild markets. |
|
|
|
||
|
Ocean Network Express names ammonia- and methanol-ready newbuild ONE Symphony
Vessel features conventional diesel main engine, with concept designs approved for possible future conversion to methanol or ammonia. |
|
|
|
||
|
Sing Fuels seeks Asia-based supply trader to bolster bunker procurement team
Singapore bunkering firm is recruiting a supply trader to manage marine fuel purchasing across Asia. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| EmissionLink urges EU to channel ETS revenues into shipping carbon capture trials [News & Insights] |
| ClearMariner expands maritime sanctions screening with ESG, emissions and API support [News & Insights] |
| Lloyd's Register confirms suitability of Daphne Technology's emissions monitoring system [News & Insights] |
| Bunker Holding reshuffles commercial leadership across brand portfolio [News & Insights] |
| Shipowners risk financial exposure by delaying EU allowance transfers, EmissionLink warns [News & Insights] |