![]() |
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."
|
VARD delivers final CSOV to Windward Offshore, completing series
Methanol-ready Windward Hamburg joins the fleet as VARD completes delivery of four purpose-built CSOVs. |
|
|
|
||
|
Rotterdam Shore Power partners with Dynamic People to digitalise operations
The shore power developer is building a Microsoft-based digital platform to support its growth. |
|
|
|
||
|
Dorian LPG orders three dual-fuel VLGCs from Hanwha Ocean in $345m deal, secures $368.4m credit facility
US-listed VLGC operator has also fixed 99% of its fleet days at above $88,000 per day. |
|
|
|
||
|
Osaka Gas completes first ship-to-ship LNG bunkering in Osaka Bay
Bunkering vessel Seto Azure is used to supply an LNG-fuelled car carrier at Kobe. |
|
|
|
||
|
Eastern Pacific Shipping takes delivery of three LNG dual-fuel Newcastlemaxes five months ahead of schedule
EPS receives Mount Victoria, Mount Yulong and Mount Wuyi from Qingdao Beihai Shipbuilding. |
|
|
|
||
|
EmissionLink urges demand aggregation to unlock zero-emission fuel investment
MD calls for pooled demand to unlock investment and accelerate alternative fuel availability for shipping. |
|
|
|
||
|
GMI awards eCap Marine contract for two additional hydrogen-powered bulk carriers
3,000-DWT newbuilds to be built in India and enter service in Norwegian waters in 2029. |
|
|
|
||
|
Navios Partners takes delivery of second LNG- and methanol-ready boxship in newbuilding series
Handover of 7,900-TEU Navios Turquoise follows delivery of sister ship Navios Cyan in May. |
|
|
|
||
|
Yang Ming orders six 13,000-TEU LNG dual-fuel vessels from Hanwha Ocean
Taiwanese carrier expands green fleet with ammonia-ready newbuilds due for delivery by 2029. |
|
|
|
||
|
LR awards approval in principle to Chinese yard for 12,500-cbm LNG bunker vessel design
Lloyd’s Register validates new LNG bunkering vessel concept by CSSC Huangpu Wenchong at SMM 2026. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| EmissionLink urges demand aggregation to unlock zero-emission fuel investment [News & Insights] |
| Onboard carbon capture a viable emissions pathway for shipping fleet, Lloyd’s Register report finds [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] |