ShippingWatch

OW Bunker: More than 30 percent growth in 2013

Bunker company OW Bunker finished 2013 with a growth of more than 30 percent in volumes as well as profits, and the company is now officially launching the process toward an IPO on the Copenhagen Stock Exchange.

As widely expected, OW Bunker was able to present an annual report for 2013 showing solid growth rates. The company's volume and profits thus improved by more than 30 percent, according to the report.

The adjusted result for the year came to USD 68.3 million, up 37 percent from the USD 49.8 million the company made in 2012. Fuel sales increased by 32 percent, to 29.2 million tons in 2013, compared to 22.1 million tons in 2012. And expectations for 2014 continue to rise, as the OW Bunker now anticipates a 10 percent growth in volumes compared to 2013. The result is expected to improve at the same rate.

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
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

MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement in Q2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Further reading

Related articles

Latest news

See all jobs