Glander International Bunkering has reported a turnover of $3bn and earnings before tax of $22m for the fiscal year ended April 30, 2025, as the bunker trader navigated what it describes as ongoing changes in global maritime regulations.

The company said the results demonstrate consistent performance compared to the previous fiscal year, as it continues to focus on conventional fuels, new fuels, risk management, and global reach.

"These results demonstrate consistent performance compared to the previous fiscal year, as the company continues to focus on conventional fuels, new fuels, risk management, and extensive global reach," CFO David Varghese commented.

The bunker industry faced challenges during 2024-25, including the escalation of the US-China trade conflict, ongoing Red Sea and Suez Canal security risks, and the first full-year impact of the EU Emissions Trading System (EU ETS) for maritime shipping, the company noted. Compliance with IMO CII measures and the uptake of new fuel products also influenced bunker demand patterns and pricing strategies.

CEO Carsten Ladekjær said: "This fiscal year, we focused on staying close to our clients, while adapting to a fast-changing market. In a time of uncertainty and transformation, we focused on staying agile, supporting customers with conventional fuels, and laying the groundwork for new fuel solutions."

The company says it made progress in alternative fuels during 2024-25, completing bio-LNG deliveries, expanding biofuel supply, and launching a compliance calculator to help customers navigate FuelEU Maritime regulations.

Compared to the previous fiscal year, Glander International Bunkering achieved a 71% increase in biofuel volume and an 85% increase in LNG volume, along with the sale of nearly 100,000 EU allowances.

Other developments throughout the year include the renewal of its ISCC certifications, membership in the Smart Freight Centre, and Great Place to Work certification for the seventh consecutive year.

Looking ahead, Ladekjær said: "We will do what we have always done since 1961 — adapt to new changes and be there for our clients." He added that Glander International Bunkering is prepared for the next phase of change in global shipping, as decarbonisation, regulatory expansion, and geopolitical developments continue to shape the bunker fuel market.

Established in 1961, Glander International Bunkering operates from nine locations worldwide.