![]() |
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."
|
FuelEU pooling drives surge in bio-LNG demand, Titan analysis finds
Clean fuel supplier's modelling shows pooling mechanism turning overcompliance into tradable value for LNG-fuelled ships. |
|
|
|
||
|
Ports told to prepare now for advanced nuclear power
Joint paper sets out a readiness pathway for ports facing nuclear-powered vessels, floating reactors and small modular units |
|
|
|
||
|
Eastern Pacific Shipping takes delivery of first ammonia dual-fuel VLAC
Terra Clove powered by first Everllence B&W 6G60ME-C10.5-LGIA ammonia dual-fuel two-stroke engine. |
|
|
|
||
|
Bureau Veritas approves WinGD's variable compression ratio technology for dual-fuel engines
Classification society grants type approval to engine technology enabling compression ratio adjustment across different marine fuels. |
|
|
|
||
|
Dual-fuel fleet passes 500 ships as investment tops $200bn
World Shipping Council data shows dual-fuel container ships and vehicle carriers growing fast, with IMO rules uncertain. |
|
|
|
||
|
VPS to host Athens seminar on fuel efficiency and carbon reduction
VPS's final European round table of 2026 will cover marine fuels, lubricants and decarbonisation in Athens. |
|
|
|
||
|
Wasaline secures locally produced biogas supply from St1 Biokraft for Vaasa–Umeå ferry
Agreement will supply 42 GWh of liquefied biogas annually, with deliveries due to start in January 2028. |
|
|
|
||
|
Safe Bulkers takes delivery of first dual-fuel methanol Kamsarmax newbuild
Kypros Island becomes the first dual-fuel bulker to enter the Cyprus Registry. |
|
|
|
||
|
PetroChina seeks LNG bunker trader to expand Asian marine fuel business
Role requires five to ten years of commercial experience in LNG, bunker trading, marine fuels, commodities, or energy trading. |
|
|
|
||
|
Shanghai and Melbourne ports move green shipping corridor into delivery phase
Ports launch implementation plan targeting green methanol, biofuels and shore power by 2035. |
|
|
|
||
| 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] |