![]() |
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."
|
Naming ceremony held for LPG dual-fuel ammonia carrier
VLAC Meera named during event held in China on 10 July. |
|
|
|
||
|
IMO adopts Singapore-led resolution on protection of shipping lanes
Thirty co-sponsors back a resolution reaffirming navigational rights under international law. |
|
|
|
||
|
TT-Line orders second LNG-hybrid battery ferry for Baltic Sea operations
German ferry operator doubles down on LNG-hybrid technology with a second next-generation newbuild. |
|
|
|
||
|
CMA CGM Notre Dame receives first European bio-LNG bunkering during Rotterdam maiden call
LNG-powered container ship takes on bio-LNG derived from agricultural waste. |
|
|
|
||
|
Fincantieri marks 30 years with Carnival as steel cutting begins for new LNG-powered Carnival Destiny
Italian shipbuilder Fincantieri has begun construction of the first of three new Ace-class ships for Carnival Cruise Line. |
|
|
|
||
|
DP World and Svitzer bunker first HVO-fuelled harbour tug at London Gateway
Carbon inset scheme expands as tug switches from marine diesel to HVO. |
|
|
|
||
|
Venture Energy and Sinopec HK complete 'Hong Kong’s largest ever green bunkering'
Delivery of 1,000 tonnes of methanol to ro-ro vessel hailed as new record for Hong Kong. |
|
|
|
||
|
Seascale Energy appoints Soo Yong Koo as business development director
Industry veteran hired to drive customer growth in Asia and beyond. |
|
|
|
||
|
Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel
The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately. |
|
|
|
||
|
Hapag-Lloyd signs shore power agreement with Hamburg Port Authority
Deal commits the carrier to using onshore power supply at all Hamburg terminals. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| 2025 Marine Fuel Review | Steve Bee, VPS [News & Insights] |
| Aderco launches 2055G+ programme linking fuel treatment to verified carbon credits [News & Insights] |
| Bunker Holding seeks student assistant for IT governance and contract team [News & Insights] |
| Berge Bulk completes second rotor sail installation with Anemoi on Newcastlemax vessel [News & Insights] |
| BHP and GCMD trial multi-feedstock B100 biofuel blend on bulk carrier voyage [News & Insights] |