![]() |
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."
|
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. |
|
|
|
||
|
Lloyd's Register grants design appraisal for wind-powered LNG carrier concept
Vessel design featuring four Wind Challenger sails moves closer to commercial deployment. |
|
|
|
||
|
SGMF publishes first ISO-compliant life cycle assessment of methanol as a marine fuel
Study evaluating 15 production pathways completes organisation’s suite of LCAs covering LNG, ammonia and methanol. |
|
|
|
||
|
DNV grants approval in principle for HD HHI’s 271,000-cbm LNG carrier design
Classification society backs Hyundai’s largest LNG carrier design yet, featuring five membrane tanks and dual-fuel propulsion. |
|
|
|
||
|
GTT Energy launches new LNG fuel tank design for container ships
'Next-generation' LNG fuel containment system features 2 barg technology. |
|
|
|
||
|
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. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [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] |
| Onboard carbon capture a viable emissions pathway for shipping fleet, Lloyd’s Register report finds [News & Insights] |