![]() |
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."
|
Los Angeles and Long Beach identify LNG and methanol as key near-term marine fuels
Joint feasibility study maps out demand projections and infrastructure needs to support cleaner shipping fuels at San Pedro Bay |
|
|
|
||
|
Christiania Energy welcomes student assistant to Copenhagen office
Alexander Treff joins marine fuels firm while studying international business at Copenhagen Business School. |
|
|
|
||
|
Cosulich Marine Energy takes delivery of third methanol-ready bunker tanker
Carlotta Cosulich joins the group’s fleet, bringing its four-vessel bunkering programme closer to completion. |
|
|
|
||
|
Wallenius Wilhelmsen orders four dual-fuel PCTCs, extends fleet renewal programme
Shipping firm signs for LNG-fuelled car carriers with options for eight more, with deliveries from 2030. |
|
|
|
||
|
MOL takes delivery of Wind Challenger-equipped LNG dual-fuel coal carrier
LNG dual-fuel coal carrier with wind-assisted propulsion expected to cut CO₂ emissions by up to 30%. |
|
|
|
||
|
Ernst Russ takes delivery of second methanol-ready tanker
Farrie Russ joins Ernst Russ’s fleet as the shipowner diversifies into tanker shipping. |
|
|
|
||
|
Valenciaport launches tender for second substation to double port's power capacity
The Port of València's new €18.7m substation will support onshore power supply systems and growing terminal electricity demand. |
|
|
|
||
|
Study maps phased pathway for India to build a regional alternative marine fuel hub
India could compete regionally across biofuels, methanol and ammonia if ports improve efficiency and reduce costs, study finds. |
|
|
|
||
|
SEA-LNG and MAMII formalise technical partnership ahead of IMO methane talks
Two organisations sign MoU to strengthen evidence-based input on methane emissions at the IMO. |
|
|
|
||
|
Battery-powered ferry China Zorrilla enters service in South America
Ro-pax vessel now operating between Argentina and Uruguay, powered by more than 41 MWh of Corvus Energy battery systems. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| EmissionLink urges EU to channel ETS revenues into shipping carbon capture trials [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] |