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.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs