![]() |
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."
|
DP World names first methanol dual-fuel vessel at ceremony in Aarhus
Marine services business, Shipping Solutions, names 1,250-TEU boxship with five-cylinder main engine. |
|
|
|
||
|
LD Armateurs launches first of two SOVs for Vattenfall at Chinese shipyard
Wind of Ocean features hybrid-electric propulsion and a double-ended hull design. |
|
|
|
||
|
Singapore and Brazil sign MoU to establish green and digital shipping corridor
Two countries will collaborate on maritime decarbonisation, digitalisation and alternative marine fuel supply chains. |
|
|
|
||
|
WinGD modelling shows retrofit pathways to net zero can pay off, but policy support remains key
Fuel economics and regulation — not engine technology — are the main barriers to cost-effective decarbonisation retrofits, says report. |
|
|
|
||
|
Arte Bunkering seeks Mandarin-speaking senior bunker trader to establish presence in China
European trading firm is expanding into China with its first on-the-ground hire. |
|
|
|
||
|
Monjasa recruiting trader for New York team
Experience in marine fuel or shipping an advantage but not a requirement. |
|
|
|
||
|
SSA launches training course to prepare maritime companies for Singapore’s mandatory digital bunkering
Course designed to help companies evaluate the impact of digitalisation on their existing workflows and business processes. |
|
|
|
||
|
Monjasa opens two trader roles at Cyprus base, one for Italian speaker
Experience in shipping or sales described as a requirement. |
|
|
|
||
|
GRSE wins West Bengal orders for two hybrid diesel-electric ferries
Indian state-owned shipbuilder expands green inland waterway portfolio with latest contracts. |
|
|
|
||
|
New Sea Generation seeks experienced bunker traders in Greece
Bunker trading firm is offering equity and a path to partnership. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| Dan-Bunkering relocates Middelfart headquarters to Kabelbyen [News & Insights] |
| VPS to host Bergen seminar on marine fuel quality, lubricants and decarbonisation regulation [News & Insights] |
| EmissionLink calls for fairer EU ETS expansion and greater reinvestment in maritime decarbonisation [News & Insights] |
| Burando Energies claims 30% share of Rotterdam biofuel bunker market in H1 2026 [News & Insights] |
| Project CAPTURED secures EU ETS recognition and IMO support for onboard carbon capture pathway [News & Insights] |