![]() |
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."
|
Flex Commodities moves Dubai head office to Jumeirah Lakes Towers
UAE-based firm relocates to waterfront community popular amongst bunker companies. |
|
|
|
||
|
Echandia: Batteries offer fuel savings by optimising generator loads on large vessels
Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm. |
|
|
|
||
|
Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America
Colombian LNG terminal operator becomes first South American member of the multi-sector industry group. |
|
|
|
||
|
Hong Lam Marine launches first of four newbuild bunkering vessels
First ship in the series, Priority, is launched in Jiangmen, China. |
|
|
|
||
|
CMA CGM completes world’s largest single-batch biomethanol bunkering at Shanghai
8,016-tonne operation said to be enough to fuel an entire transoceanic voyage. |
|
|
|
||
|
ClassNK revises alternative fuels guidelines to address hydrogen, methanol and ethanol safety requirements
Updated guidelines incorporate IMO hydrogen rules and new structural standards for alcohol fuel tanks. |
|
|
|
||
|
MacGregor wins cargo handling contract for six LNG-powered boxships at Cochin Shipyard
CMA CGM container vessels are scheduled for delivery between 2029 and 2031. |
|
|
|
||
|
Estonia launches biomethane-battery workboat for state fleet
38-metre KRATT is said to be the first vessel of its kind in the region. |
|
|
|
||
|
Yang Ming completes first LNG SIMOPS bunkering for YM Willpower in Shanghai
Dual-fuel boxship receives 2,000 tonnes of LNG during simultaneous cargo operations. |
|
|
|
||
|
AYK Energy and Gebhard Electro secure two vessel electrification contracts
A new dredger and a patrol vessel retrofit form the latest battery projects for the duo. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting [News & Insights] |
| Low-GHG methane could keep LNG-capable fleet compliant as regulations tighten, DNV paper argues [News & Insights] |
| Molgas completes acquisition of Titan Clean Fuels to create European LNG bunkering network [News & Insights] |
| BIMCO and Norwegian Shipbrokers’ Association launch SALEFORM 2025 ship sale contract [News & Insights] |
| Dan-Bunkering completes LNG supply in China for Sallaum Lines’ newbuild PCTC [News & Insights] |