![]() |
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."
|
IBT Bunkering & Trading appoints Sales Support Specialist
Björn Hauschild joins from shipyard broker CombiTrade. |
|
|
|
||
|
CLPe and CNOOC complete Hong Kong's first LNG bunkering of a pure car and truck carrier
Ship-to-ship operation delivered around 2,600 cbm of LNG to dual-fuel vessel AICC Fenghuang. |
|
|
|
||
|
Mercuria seeks senior sales and account manager for bunker delivery platform
Role can be based either remotely or at one of its offices in London, Geneva, Athens or Las Palmas. |
|
|
|
||
|
Molgas Energy Group appoints Riaan van Kralingen as head of clean fuels
Van Kralingen will oversee the company's liquefied biomethane and EU allowance portfolios, succeeding Caspar Gooren. |
|
|
|
||
|
GT Wings launches compact AirWing S Jet Sail for smaller vessels
Wind propulsion developer adds lightweight unit to AirWing range as first customer-ordered AirWing20 units near completion. |
|
|
|
||
|
LR publishes retrofit guidance covering alternative fuels and energy-saving devices in one framework
New Guidance Notes address LNG, methanol, ammonia, hydrogen, wind-assisted propulsion and air lubrication retrofits for existing ships. |
|
|
|
||
|
LD Armateurs' Spirit of Toulouse fitted with six Norsepower rotor sails
Six 35m rotor sails installed on the first of three methanol-capable ro-ro ships chartered by Airbus. |
|
|
|
||
|
Maritima holds steel-cutting ceremony for Cap Morgiou, first of two Petroineos bunker vessels
Construction starts on bunker vessel able to carry conventional and low-carbon marine fuels, with delivery expected in early 2028. |
|
|
|
||
|
Singapore launches series of measures at SIBCON 2026
MPA announces LNG storage licences, digital bunkering grants and electric harbour craft incentives at 24th conference. |
|
|
|
||
|
VPS outlines marine fuel standards and quality data at SIBCON 2026
VPS's Rahul Choudhuri addresses Singapore's evolving fuel standards and the quality of conventional fuels and biofuels. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [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] |
| SEA-LNG urges EU to protect mass-balance pathway for liquefied biomethane [News & Insights] |