![]() |
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."
|
Uni-Fuels seeks bunker trader in Singapore as Nasdaq-listed firm expands team
Role includes managing end-to-end transactions, identifying opportunities and optimizing margins. |
|
|
|
||
|
BlackCoral Energy seeks junior bunker trader for Dubai office
Bunker firm targets fresh graduates and early-career professionals. |
|
|
|
||
|
Christiania Energy appoints bunkers and lubricants specialist in Denmark
Mazlum Unutmaz joins the Danish firm’s global bunker pool operations team in Odense. |
|
|
|
||
|
Peninsula seeks junior cargo trader for Dubai supply and trading role
Marine fuels supplier Peninsula is recruiting a junior cargo trader in Dubai to manage procurement and supply. |
|
|
|
||
|
Maersk names third midsized dual-fuel vessel at Chinese shipyard
Tema Maersk joins fleet following the addition of Tangier Maersk and Tauranga Maersk. |
|
|
|
||
|
WinGD’s X-DF dual-fuel engine passes 1,000 orders
Swiss manufacturer reaches milestone 13 years after commercial launch of engine. |
|
|
|
||
|
GT Wings gains RINA approval for wind propulsion performance assessment tool
RINA has granted approval in principle for a new tool assessing GT Wings’ AirWing Jet Sail system. |
|
|
|
||
|
Aderco launches 2055G+ programme linking fuel treatment to verified carbon credits
Aderco's new programme connects fuel additive technology with verified emissions data and Gold Standard carbon credits. |
|
|
|
||
|
ABS introduces nuclear-ready notation for marine and offshore assets
The classification society has released what it describes as an industry-first notation to support future nuclear conversion of vessels and offshore assets. |
|
|
|
||
|
ABS grants approval in principle for Seatrium’s NEXTGEN Energy Hub design
The hub concept integrates ammonia bunkering, power generation and electric vessel charging in a single unit. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| Dan-Bunkering Europe appoints Claire-Celine Bausager Jørgensen as senior fuel supplier [News & Insights] |
| Oceanscore opens Tokyo office to support Japanese shipping with EU emissions compliance [News & Insights] |
| NE Atlantic ECA will cause significant change to the current fuel mix | Steve Bee, VPS [News & Insights] |
| IBIA elects four board members for three-year terms [News & Insights] |
| Uni-Fuels adds EU carbon allowances to marine fuel offering [News & Insights] |