![]() |
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."
|
Molgas completes first LNG bunkering operation at Palermo
Spanish energy firm carries out maiden LNG delivery at Sicilian port. |
|
|
|
||
|
Tsuneishi China delivers third methanol dual-fuel boxship in series
Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel. |
|
|
|
||
|
Everllence completes type approval test for ammonia engine ahead of sea trials
Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre. |
|
|
|
||
|
CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme
Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative. |
|
|
|
||
|
Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul
Marine fuels exceeds its own expectations despite 4% revenue decline. |
|
|
|
||
|
Oilmar formalises governance structure with establishment of board of directors
Dubai-based marine fuels trader Oilmar appoints three-member board. |
|
|
|
||
|
Vestas Wind Systems CEO appointed vice chair of Bunker Holding
Henrik Andersen joins the board of the marine fuels group with more than two decades of international business experience. |
|
|
|
||
|
Maersk Tankers CEO Tina Revsbech joins Bunker Holding board
Danish USTC Group appoints shipping veteran to subsidiary’s board of directors. |
|
|
|
||
|
CSL delivers world’s first battery-powered self-unloading bulk carrier
MV Yampu will transport limestone for Adbri in Australia, with full electric operation targeted by 2031. |
|
|
|
||
|
NYK, Yanmar and Eneos to install hydrogen fuel cell system on new Tokyo dining cruise vessel
Three Japanese companies are collaborating to bring hydrogen propulsion to a dining cruise ship due to enter service in 2027. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |
| Danish Shipping calls for EU to invest ETS revenues in green marine fuel production [News & Insights] |
| BIMCO adopts ETS clause for bareboat charters, delays biofuel provision [News & Insights] |
| Dan-Bunkering relocates new fuels lead to Copenhagen to support European decarbonisation push [News & Insights] |
| OceanScore adds vessel activation controls for EU ETS and FuelEU compliance workflows [News & Insights] |
| Dan-Bunkering highlights 20-week paid parental leave for all employees globally [News & Insights] |