![]() |
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."
|
Abrasive reality: How elevated cat fines can damage marine engines | VPS
A guide on how to manage cat fine levels and avoid engine damage. |
|
|
|
||
|
European shipowners control 34.5% of global fleet but lag on sustainable fuel production
New study highlights Europe’s shipping dominance while warning of Asia’s lead in alternative fuel development. |
|
|
|
||
|
O Bunkering announces new board of directors following merger
Marine fuel supplier forms board to guide strategic direction and governance after recent merger. |
|
|
|
||
|
Clean ammonia project pipeline reaches 144 MMT by 2034 as industry advances
Gena Solutions tracks 327 clean ammonia projects, with four reaching development milestones in April. |
|
|
|
||
|
O Bunkering and Marafi Services announce merger
Omani firms join forces to accelerate growth and improve operational efficiency. |
|
|
|
||
|
OOCL orders twelve 13,600-teu LNG dual-fuel container vessels from Chinese shipbuilder
Hong Kong-based carrier’s first LNG-powered vessels mark entry into alternative fuel segment. |
|
|
|
||
|
Cosulich launches second methanol-ready bunker vessel at Chinese shipyard
Lucia Cosulich is the second of four sister vessels being built for alternative fuel bunkering. |
|
|
|
||
|
Wärtsilä Gas Solutions secures order for LNG systems on four bunkering vessels
GSX Energy orders systems for vessels being built at Chinese shipyard Nantong CIMC Sinopacific. |
|
|
|
||
|
Chimbusco Pan Nation delivers 2,500 mt of B100 biodiesel in China’s largest single bunkering
Hong Kong operation claims 89% greenhouse gas emissions reduction compared with conventional marine fuel. |
|
|
|
||
|
IBIA appoints three new members to Asia regional board
Caroline Yang, Diana Mok and Francois-Xavier Accard join the board following unanimous approval. |
|
|
|
||
| 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] |
| 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] |
| Glander International Bunkering reports stable performance amid regulatory changes [News & Insights] |
| Barcelona reports 3% rise in LNG bunkering volumes for 2025 [News & Insights] |