ShippingWatch

Bunker Holding will grow 50 percent in five years

Bunker Holding has consciously lowered its growth, which is reflected in the annual report 2012/2013. But the growth plans are intact and the aim is to grow by 50 percent during the next five years, says the company's CEO to ShippingWatch.

Photo: Pressefoto

In looking at the annual report 2012/2013, it's apparent that the growth has yet to materialize for Bunker Holding, which includes among other things the subsidiaries Dan-Bunkering and Global Risk Management, and is part of the USTC Group. The year's result was USD 48 million, versus USD 59.9 million the year before. Not surprising, says CEO Keld Demant to ShippingWatch. According to him, the company consciously lowered its speed as a consequence of the current conditions of the shipping market.

"Standing still is not an alternative, so it doesn't mean we're not taking any risks. Running a business means taking risks. But we believe it makes sense to lower the growth a little, to only reach for the fruits that are within reach," he says.

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