Bunker Holding emerges from challenging year with decent result
In a year characterised by geopolitical unrest, macroeconomic shifts, and instability in the energy markets, Bunker Holding emerges from challenging year with a modest profit.
In a year characterised by geopolitical unrest, macroeconomic shifts, and instability in the energy markets, Bunker Holding emerges from challenging year with a modest profit.
CM Biomass announces record-breaking financial results with an increase in gross profit to EUR 66 million despite a challenging and unpredictable year due to a very stretched market and highly volatile prices for wood pellets. The solid result leaves CM Biomass in a strong position as Morten Buchgreitz succeeds founder Simon Rodian Christensen as CEO.
One year into a new Group strategy, and during a year of geopolitical turmoil, high inflation, and heavy sanctions across the industry, Bunker Holding Group delivers an excellent annual result of USD 222.7 million in earnings before tax, more than doubling the previous year’s record-setting result.
Despite geopolitical unrest, inflation, and volatile energy prices, family owned Selfinvest and its operating company USTC emerged with their best financial year to date. Strong results across all USTC companies have contributed to a record EBT of just above DKK 2.9 billion.
Dan-Bunkering has been leading in the bunker business for more than four decades, arranging bunker fuels, lubricants, and other related products and services for vessels all over the world. The head office is situated in Middelfart with offices in Copenhagen, Shanghai, Singapore, Monaco, Houston, Beijing, Dubai, Cape Town, Stamford and Sydney. More than 90 dedicated and service-minded fuel suppliers are ready to guide new and existing clients. Dan-Bunkering is part of a professional and financially strong group with interests in ship-owning and shipping activities.