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.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Drewry eyes beginning of the end of major container upswing
The container market has turned and can see the beginning of the end of the extreme upswing. New numbers from World Container Index shows a ”material weakening” in spot rates, according to analyst.
Lars Kastrup becomes sole CEO of container carrier PIL
After over a year of sharing the helm of Pacific International Lines (PIL) with Gan Chee Yen, Lars Kastrup has been appointed the sole CEO of the Singapore-based container carrier.
CMA CGM to lower freight rates – but only for domestic customers
The world’s third largest container carrier responds to the French Ministry of Finance’s call by lowering container rates by approximately 10% for French retail chains, writes Reuters.
Clipper turns loss into profit in Danish company – "sensible progress" within dry bulk
Clipper’s Danish company Clipper Group, which includes RoRo carrier Seatruck Ferries, has turned red figures into the biggest profit in five years. The large dry bulk business, which Clipper does not disclose any numbers for, has progressed the last year and a half, says top exec.
Business profile leaves Bunker Holding
Bunker Holding loses prominent board member, who is former partner and executive in private equity firm EQT and who furthermore leaves the board in Uni-Tankers. Two new members join the board.
Accountant Assistant - Creditor & Payment Team 
Technical Security Manager 
Head of Airfreight 
Senior Legal Counsel with a focus on Offshore Renewables 
Senior Sales Manager 
Safety Leadership & Transformation Manager 
Experienced Bunker Trader - Dubai 
Head of Vessel Operations 
Crewing officer