![]() |
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."
|
Yanmar Maritime receives DNV type approval for hydrogen fuel cell system at SMM
The GH-FC series certification is aimed at easing adoption of hydrogen propulsion across vessel types. |
|
|
|
||
|
Flex Commodities appoints senior marine fuels trader in Singapore
Euwyn Tan joins Flex Commodities FZCO to strengthen its marine fuels trading operations in Asia. |
|
|
|
||
|
LNG dual-fuel boxship handed over to Eastern Pacific Shipping
Closing ceremony held in Jingjiang for 8,400-TEU container vessel. |
|
|
|
||
|
Everllence and Damen sign framework agreement for serial supply of 175D engines
Agreement covers high-speed engine supply for Damen’s fuel-flexible tug programme and beyond. |
|
|
|
||
|
IINO Lines signs time charter deal with BGN for LPG dual-fuel VLGC
Japanese shipowner’s fourth LPG dual-fuel vessel will offer rare dual-canal Panama Canal transit capability. |
|
|
|
||
|
TotalEnergies Lubmarine launches fuel-economy lubricant for four-stroke medium-speed marine engines
Aurelia FE claims fuel savings of 1.5% on a standardised test cycle, with no vessel modifications required. |
|
|
|
||
|
LR validates CFD analysis for SunRui suction sail technology
Independent verification confirms aerodynamic modelling meets recognised industry standards for wind-assisted propulsion. |
|
|
|
||
|
Orlen and Port of Gdynia partner to explore LNG and bio-LNG bunkering options
Agreement signed to assess LNG and bio-LNG bunkering potential along the Polish coast. |
|
|
|
||
|
North Sea Trading appoints head of renewable fuels and signs India green methanol MoU
Industry veteran Robert Preston joins Bournemouth-based bunker trading firm. |
|
|
|
||
|
VARD delivers final CSOV to Windward Offshore, completing series
Methanol-ready Windward Hamburg joins the fleet as VARD completes delivery of four purpose-built CSOVs. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| EmissionLink urges demand aggregation to unlock zero-emission fuel investment [News & Insights] |
| Onboard carbon capture a viable emissions pathway for shipping fleet, Lloyd’s Register report finds [News & Insights] |
| Dan-Bunkering relocates Middelfart headquarters to Kabelbyen [News & Insights] |
| VPS to host Bergen seminar on marine fuel quality, lubricants and decarbonisation regulation [News & Insights] |
| EmissionLink calls for fairer EU ETS expansion and greater reinvestment in maritime decarbonisation [News & Insights] |