ShippingWatch

Bunker Holding company sees lower profit despite increased volumes

Glander International Bunkering, owned by Bunker Holding, books a significantly lower result in Covid-year 2020-21, in which the company nonetheless saw increased volumes.

Carsten Ladekjær, CEO, Glander International Bunkering | Photo: PR-FOTO

Bunker Holding subsidiary Glander International Bunkering has undergone a setback in financial year 2020-21, in which profit before tax came out to USD 18.5 million, the company writes in a brief financial report.

The result is a decrease from 2019-20, in which especially new sulfur requirements from the IMO helped increase earnings across the bunker industry.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs