![]() |
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."
|
Maersk takes delivery of first methanol-capable vessel in 9,000-teu series
Tangier Maersk is the first of six mid-size container ships with methanol-capable dual-fuel engines. |
|
|
|
||
|
IBIA to run surveyor training course for mass flow meter-equipped bunkering in Rotterdam
One-day course scheduled for 19 February aims to prepare professionals for MFM-equipped bunkering operations. |
|
|
|
||
|
MOL secures two 12,000-cbm CO2 carriers for Northern Lights expansion
Japanese shipowner to deliver vessels in 2028 for cross-border carbon transport and storage project. |
|
|
|
||
|
MOL and ONGC sign 15-year charter deal for two ethane carriers
Japanese shipowner expands fleet to 16 vessels with newbuildings scheduled for delivery in 2028. |
|
|
|
||
|
Dual-fuel container ship and vehicle carrier fleet reaches 400 vessels
World Shipping Council reports 83% increase in operational dual-fuel vessels during 2025. |
|
|
|
||
|
Lloyd’s Register publishes first guidance notes for onboard hydrogen generation systems
Classification society addresses regulatory gap as shipowners explore producing hydrogen from alternative fuels onboard. |
|
|
|
||
|
Rotterdam bunker industry faces upheaval as new regulations drive up costs and shift volumes
Red III compliance costs and a mass flow meter mandate are creating operational challenges across the ARA region. |
|
|
|
||
|
VPS appoints Neil Chapman as managing director for the Americas
Maritime services company names industry veteran to lead regional operations and client partnerships. |
|
|
|
||
|
Maritime industry shifts towards LNG as alternative fuel enthusiasm stalls
Geopolitical concerns drive shipping leaders to prioritise established fuels over newer alternatives, survey finds. |
|
|
|
||
|
OceanScore reaches $5m annual recurring revenue as emissions compliance demand grows
Hamburg-based firm supports compliance workflows for more than 2,500 vessels as regulations enter operational phases. |
|
|
|
||
| KPI OceanConnect posts 59% drop in pre-tax profit [News & Insights] |
| EBT down 45.8% for Glander International Bunkering [News & Insights] |