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Dan-Bunkering ends satisfactory financial year with revenue of more than USD 1 billion

Despite the record revenue, EBT has been negatively influenced by financial impact of the December court case, where Dan-Bunkering was convicted of having acted with unintentional negligence.
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Claus Bulch Klausen

Having endured a year of severe adversity with war in Ukraine, Covid, and volatile oil prices, Dan-Bunkering was able to present a great financial result, with a revenue of more than USD 1 billion, and a positive earnings before tax (EBT) of USD 13.5 million while adding multiple new offices to their global network, according to the firm on Monday (27 June). 

Revenue has increased 58%, landing on USD 1,003 million, opposed to last year’s USD 631 million, despite traded volume has remained largely on par. EBT of the bunker company is also positive, amounting to USD 13.5 million.

This year, the company has followed a strategy of expansion, adding both the broker offices of LQM in the US, as well as the trader office of South African Bunkering and Trading (SABT) in Cape Town, South Africa, to their network. 

“Delivering solid results while maintaining our talented employees is something we’re extremely proud of, and something that really is key to our success. Going forward we’re determined to keep providing our clients with the best possible service, moving closer to them in terms of anticipating and catering to their needs, by expanding on our products in the green transition and providing the necessary market expertise, becoming the preferred partner in bunkering,” says Claus Bulch Klausen, CEO of Dan-Bunkering.

A challenging year of headwinds

Despite the record revenue, the EBT has been negatively influenced by the financial impact of the court case in December, where Dan-Bunkering was convicted of having acted with unintentional negligence. The fine levied against Dan-Bunkering accounts for the difference in EBT, which would otherwise have exceeded last year’s result.

“This has been a challenging year, not only in terms of difficult markets and supply chain constraints, but also because of the court case we underwent in the winter of 2021. However, having been scrutinized during the course of the case proceedings, we have learned a lot, and having emerged on the other side we are left humbled but still strengthened,” says Claus Bulch Klausen and expands on the subject:

“Being able to move on with the experiences we have made, has not only strengthened our ability to tackle compliance in a complicated world, but has also revealed a tremendous amount of loyalty and trust in us by our clients, suppliers, banking partners, and not least our employees, whom have been under constants stress by this case for years, but none the less have stuck by us. And for that, we are grateful.”

With a strong result, multiple new offices, and dedicated team, the outlook for the coming year is positive, allowing Dan-Bunkering to focus on new mergers and acquisitions while providing the best client service possible.

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Related: United Shipping and Trading Company welcomes Nina Østergaard Borris as new CEO
Related: Bunker Holding Global Head of Commercial Operations departs for CM Biomass CFO position

Note: Past articles regarding Bunker Holding and Dan-Bunkering’s court case can be found here. 

 

Photo credit: Dan-Bunkering
Published: 28 June, 2022

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Methanol

China: Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

Company says commissioning of “Zhong Ran LV Neng 85” will further enhance its service capabilities in green methanol bunkering in major domestic ports.
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June 16, 2026

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Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

China Marine Bunker (PetroChina) (Chimbusco) recently took delivery of its first bunkering vessel in China to deliver methanol to dual-fuel ships.

The 8,500-dwt duplex stainless steel chemical tanker Zhong Ran LV Neng 85 was successfully delivered in Zhoushan.

The company said the commissioning of this new ship will further enhance Chimbusco’s service capabilities in green methanol bunkering in major domestic ports and expand its national marine new energy service and support network

During the delivery period, Chimbusco said it focused on safe operations and conducted special training for all crew members of the vessel.

The training covered methanol bunkering operation specifications, prevention of collisions between commercial and fishing vessels, daily vessel reporting, and voyage report filling standards.

Manifold Times previously reported the launching of the bunkering vessel at Taizhou Fangzhen Shipbuilding Wharf in Zhejiang.

The floating out of the ship comes after Chimbusco has obtained methanol bunkering licences for Shanghai Port and Ningbo Port.

Related: Chimbusco launches new methanol bunkering vessel in Zhejiang

 

Photo credit: China Marine Bunker (PetroChina) (Chimbusco)
Published: 16 June, 2026

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LNG Bunkering

CCEC and CMA CGM form joint venture to build and operate LNG bunkering vessel

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel.

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June 16, 2026

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RESIZED scott graham

Capital Clean Energy Carriers Corp. (CCEC), an international owner of ocean-going gas vessels, on Friday (12 June) announced the formation of a joint venture company with CMA CGM. 

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel. 

The joint venture marks CCEC’s entry into the LNG bunkering segment, the company’s first vessel dedicated to marine fuel supply.

In connection with this transaction, the joint venture has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for the construction of the vessel at a contract price of USD 82.8 million, with delivery expected in the third quarter of 2028.

Incorporating the latest technologies, the vessel is designed to enable safe and reliable LNG transfers across a wide range of operating conditions. Advanced emissions reduction systems, combined with highly efficient dual-fuel power generation, are designed to help the vessel meet applicable environmental standards of the global shipping industry.

In addition, the joint venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM and TotalEnergies, commencing upon delivery of the vessel from the shipyard.

Jerry Kalogiratos, CEO of Capital Clean Energy Carriers, commented: “This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply. 

“Working alongside counterparties of the calibre of CMA CGM and TotalEnergies, we can help build the infrastructure that allows LNG to deliver a cleaner emissions profile, alongside security and diversity of supply, while opening a new, long-term contracted revenue stream for the Company through the Joint Venture.”

Christine Cabau, Executive Vice President Operations and Assets of CMA CGM, said: “Together with Capital Clean Energy Carriers and TotalEnergies, we are committed to building a reliable and high-performance LNG bunkering supply chain, which is essential to ensuring the availability and reliability of fuels such as LNG that represent the first step in the decarbonization of our industry.”

 

Photo credit: Scott Graham
Published: 16 June, 2026

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Incident

UK forces intercept suspected Russian shadow fleet tanker in English Channel

In the first UK-led operation of its kind, the vessel “SMYRTOS” was boarded by Royal Marine Commandos and law enforcement officers from the National Crime Agency.

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June 16, 2026

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UK forces intercept suspected Russian shadow fleet tanker in English Channel

British Armed Forces on Sunday (14 June) boarded a sanctioned oil tanker, suspected of being part of the Russian shadow fleet, in the English Channel, according to the Ministry of Defence. 

In the first UK-led operation of its kind, the vessel SMYRTOS was boarded by Royal Marine Commandos and law enforcement officers from the National Crime Agency.

The UK’s Prime Minister agreed in March that British Armed Forces and law enforcement officers were able to board shadow fleet vessels, in accordance with international law.

The SMYRTOS will be provisionally moved to an anchorage off the South Coast of England and will be monitored for any environmental or safety concerns.

UK’s Prime Minister Keir Starmer, said: “This operation delivers yet another blow to Russia and reminds those fueling Putin’s war in Ukraine that they cannot hide.

“I want to pay tribute to all those involved, including our Armed Forces and law enforcement officers who keep this country safe 24 hours a day, 365 days a year.”

The operation builds on recent support provided by the UK to its allies to interdict shadow fleet vessels, which included RAF and Royal Navy capabilities supporting US and French operations. The operation was conducted in close coordination with the French.

The UK has sanctioned almost 600 Russian shadow fleet vessels to date.

 

Photo credit: Ministry of Defence
Published: 16 June, 2026

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