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Bunker Holding reports significant decline during Covid-year

Bunker Holding, the world's largest bunker company, comes out of the Covid-year 2020/21 with a significantly lower profit, but the company increased its volumes and describes the development as "very satisfactory."

Bunker Holding CEO Keld Demant. | Photo: Bunker Holding/PR

Bunker Holding, the world's largest bunker company and part of Torben Østergaard-Nielsens USTC group, comes out of the covid-year 2020/21 with a significantly reduced profit.

The profit before tax thus lands at DKK 440 million (USD 70.4 million), a drop from just over DKK 1 billion in the previous financial year, the company writes in an announcement Wednesday.

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