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.

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