![]() |
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."
|
Japan Engine completes land-based testing of landmark hydrogen-fuelled engine for large vessels
Hydrogen co-firing rate of at least 95% achieved during factory testing. |
|
|
|
||
|
Ethanol edges into shipping’s fuel mix as methanol crossover eases adoption barriers
Rising interest from cargo owners, shared technology with methanol and Brazilian production growth push ethanol beyond regional niche status. |
|
|
|
||
|
ABS grants Hanwha Ocean approval for dual-fuel tank enabling LNG-to-ammonia switch
In-principle approval awarded for fuel tank and supply system enabling LNG carriers to convert to ammonia without replacement. |
|
|
|
||
|
Lloyd's Register confirms suitability of Daphne Technology's emissions monitoring system
Factual Statement validates the PureMetrics design for monitoring greenhouse gas emissions from marine engines. |
|
|
|
||
|
IMO issues shipboard biofuel blend checklist developed by IBIA
Checklist for FAME-based biofuels formally incorporated into IMO document, supporting crews handling biofuel blends for the first time. |
|
|
|
||
|
Yang Ming names fourth LNG dual-fuel container vessel YM Weight
Newbuild features high-pressure dual-fuel main engines capable of running on either LNG or low-sulphur fuel oil. |
|
|
|
||
|
Bureau Veritas grants AiP to SDARI’s LNG dual-fuel liquefied CO₂ carrier design
Classification society approves 85,000-cbm vessel concept designed to support the growing carbon capture and storage sector. |
|
|
|
||
|
JuWonOil looking to strengthen with two Houston hires
Texas-based firm is recruiting a marine lubricants sales executive and a marine fuels and distillates trader. |
|
|
|
||
|
Four firms partner to trial continuous emissions monitoring on LNG carrier
LR, Seapeak, Kongsberg Maritime and Tunable will test onboard CO₂ monitoring against engine data and default emissions factors. |
|
|
|
||
|
Bunker Holding reshuffles commercial leadership across brand portfolio
Appointments announced across KPI OceanConnect, Glander International Bunkering and its digital sales operations. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [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] |
| 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] |