![]() |
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 seeks operator for bunker trading operations
Candidates should have three to five years of relevant bunker or commodity trading operations experience |
|
|
|
||
|
Glander International Bunkering seeks bunker trader for Valencia office
Role open to sales professionals regardless of prior oil industry experience. |
|
|
|
||
|
TB Marine takes over technical management of methanol-ready tanker
Newbuild MT Frankie Russ is first tanker in Ernst Russ's fleet. |
|
|
|
||
|
Lloyd’s Register grants approval in principle to Babcock LGE’s ecoAPEX cargo-handling technology
New integrated system for gas carriers targets lower emissions and reduced reliquefaction energy consumption, with LR approval confirming its potential. |
|
|
|
||
|
K Shipbuilding and Lloyd’s Register to jointly develop ethanol-fuelled tanker design
The pair will assess an ethanol-fuelled 50,000 dwt MR tanker, targeting Approval in Principle from LR. |
|
|
|
||
|
Bureau Veritas grants approval in principle for methanol-fuelled catamaran concept
Classification society backs O.S. Energy and Chartwell Marine’s fuel-system design for an aluminium vessel developed under a UK decarbonisation programme. |
|
|
|
||
|
Wind propulsion offers 'no fundamental barriers' for LNG carriers, study finds
Bound4blue’s research with Cryosafe Services concludes that wind-assisted propulsion can be integrated into LNG carrier operations without major obstacles. |
|
|
|
||
|
Bureau Veritas grants AiP to Hudong-Zhonghua for new LNG carrier and VLGC designs
Classification society approves two gas carrier designs featuring next-generation containment systems and dual-fuel propulsion capabilities. |
|
|
|
||
|
Petrobras signs 20-year LNG supply deal with Sempra Infrastructure
Brazilian state oil company will purchase 0.8 mtpa of LNG from a Texas liquefaction terminal for two decades. |
|
|
|
||
|
LNG dual-fuel crude oil tankers launched for Maran and Capital Ship
Two 155,500-DWT vessels launched by New Times Shipbuilding in China. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| Shipowners risk financial exposure by delaying EU allowance transfers, EmissionLink warns [News & Insights] |
| SEA-LNG urges EU to protect mass-balance pathway for liquefied biomethane [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] |