Global bunker supplier Dan-Bunkering on Tuesday (7 July) said it delivered a strong financial performance in 2025/26, reporting earnings before tax (EBT) of USD 36.4 million and revenue of USD 3.1 billion.

Throughout a year marked by changing market conditions and renewed geopolitical uncertainty, the company continued to expand its customer base, with bunker volumes increasing by more than 5%.

Claus Bulch Klausen, CEO of Dan-Bunkering, said: “This year has shown that when uncertainty increases – whether through supply disruptions, rising price volatility or geopolitical developments – our customers value trusted partnerships more than ever. 

“At the same time, we have had a strong focus on the wellbeing of our colleagues and their families in Dubai and across the region. This year’s result reflects the commitment and professionalism our colleagues demonstrate every day.”

Dan-Bunkering said it continued to support customers as demand for alternative fuel solutions accelerated. 

Orders for new fuels increased by around 50% during the financial year, and this positive trend has continued into the new financial year.

“We are seeing growing interest from customers who are preparing for a more diverse fuel landscape. Our role is to help them understand their options and provide the expertise they need to make informed decisions as the market continues to evolve,” said Klausen.

Dan-Bunkering also expanded its European presence during the year through the integration of Baseblue Netherlands. Since 1 December, the Groningen office has operated under the Dan-Bunkering name. The integration has also brought a team in Groningen into the Dan-Bunkering organisation, further strengthening its capabilities in the region.

Related: Dan-Bunkering integrates Baseblue Netherlands to expand its European operations

Photo credit: Dan-Bunkering
Published: 8 July, 2026

Following two financial years marked by significant losses in subsidiaries, Selfinvest and USTC on Tuesday (30 June) said they are back on track, delivering a profit before tax and special items of more than DKK 1 billion, securing a place among the Group’s Top Five financial results.

While USTC serves as the parent company for the Østergaard family’s operating companies, Selfinvest is the family office, which includes ownership of Selected Car Group as well as investment activities and property assets.

Since USTC was founded as a small local shipping company on the shores of Denmark, the maritime industry has been the driving force behind its expansion. However, substantial losses in Africa within subsidiary Bunker Holding have weighed heavily on the financial performance of Selfinvest and USTC over the past two years. With these extraordinary losses now fully recognised, the Group has regained momentum and delivered the fourth-best financial result in its 150-year history.

As a conglomerate operating in a range of industries, the Group’s diversified ownership strategy has again demonstrated strength and resilience. Bunker Holding, SDK FREJA, Uni-Tankers, and CM Biomass each delivered a profit before tax and special items exceeding DKK 100 million. Combined, the Group generated a profit before tax and special items of more than DKK 1 billion on revenue of DKK 100 billion.

“It is obviously encouraging to deliver a solid financial result with the majority of our companies contributing positively. But we are not where we need to be. As a Group, we are in the middle of a transformation, where volatile global trade and unpredictable geopolitical shifts are no longer the exception but the norm. We need to further strengthen our adaptability and commercial discipline across all our companies to maintain the positive momentum,” says Nina Østergaard, Co-owner and CEO of USTC.

During the past year, USTC launched the extensive cultural programme Founder’s Mentality, designed to revitalise the shared culture and core values that drives the Group forward: business acumen, leadership, and decency.

Selfinvest delivered a strong financial year, benefiting in part from favourable financial market conditions while also generating significant investment outperformance. 2026 also marked the completion of the family office’s largest-ever construction project, Kabelbyen in Middelfart, Denmark, which will house a number of the Group’s companies as well as external tenants.

“As stewards of the Østergaard family’s activities for both current and future generations, our responsibility is to ensure stability while remaining agile. Over the past year, we have focused heavily on integrating Selfinvest and USTC organisationally, increasing our visibility through rebranding, and further strengthening the financial platform that is the cornerstone of our active ownership of the individual companies,” says Mikkel Hammershøj, CEO of Selfinvest.

During the 2025/26 financial year, three Group companies appointed new Chief Executive Officers. Peder Møller was appointed in Bunker Holding, Steen Borgholm in Selected Car Group, and Thomas Lausten in Unit IT. 

Alongside the high-profile CEO appointments, USTC has strengthened several of its boards. Henrik Andersen, Group President and CEO of Vestas Wind Systems A/S, recently joined the Board of Bunker Holding as Vice Chairman and will also serve on the Board of USTC.

After 14 years of service on the Group’s boards, USTC’s current Vice Chairman, Klaus Nyborg, will step down and hand over his responsibilities to Christian Junker, who already serves as Chairman of CM Biomass and the Danish construction company Guldfeldt A/S, which he co-owns with Torben Østergaard-Nielsen.

Over the past month, additional USTC companies have strengthened their boards with highly respected business leaders, including Tina Revsbech, CEO of Maersk Tankers, and Mads Peter Zacho, CEO of Navigator Gas. In addition, board professional and adviser Kenneth Steengaard, together with Peter Appel, Partner at Gorrissen Federspiel, have joined boards within the USTC Group.

The Board of Directors of USTC will henceforth comprise Torben Østergaard-Nielsen (Chairman), Christian Junker (Vice Chairman), Nina Østergaard, Mia Østergaard Rechnitzer, Peter Appel, Jeppe Christiansen, and Henrik Andersen.

Photo credit: USTC
Published: 1 July, 2026

Singapore-headquartered tanker operator Hafnia on Wednesday (24 June) the company closed Q1 2026 with more than 170 vessels trading across its pool platform.

In announcing the company’s Q1 2026 financial results, it said five vessels joined Hafnia Pools during the first quarter of the year, bringing the total number of Pool Partners to 24 across segments.

Since November 2025, vessels entering the Pools have had an average age of six years or younger, further strengthening the competitiveness and earnings capability of the platform. 

This continued inflow of modern tonnage supports Hafnia’s focus on maintaining an efficient and attractive fleet profile, while enhancing the long-term value proposition for Pool Partners.

In Hafnia’s MR Pool, six owners now each have three or more vessels committed.

During Q1 2026, Hafnia Pools successfully met the EU’s FuelEU Maritime requirements for 2025. Across the Pool, 108 vessels collectively exceeded the emissions limits; however, by working together under a “pooling” system, this was balanced out. By using cleaner vessels, biofuel, and purchased emissions credits, the Pools avoided penalties and achieved meaningful cost savings for partners.

This outcome reflects strong collaboration across Hafnia’s commercial, operational, and compliance teams, as well as constructive engagement with all Document of Compliance holders as regulations such as FuelEU come into full force.

In June 2026, Hafnia Pools further strengthened Partner engagement and alignment through its bi-annual Pool Board meeting, taking place during Posidonia in Greece.

Peter Kolding, VP Chartering Regional Trades & Pool Management, said: “As we move further into 2026, our focus remains on delivering consistent commercial results, strengthening the value proposition for all Pool Partners, and continuing to build on the close cooperation between our Chartering and Operations teams that underpins the success of the Hafnia Pools.

“I am encouraged to see that our commercial performance and efforts in staying close to our partners are paying off as we enjoy growing support from many of those same partners. It indicates that we are on the right path and energizes us to continue doing everything we can to improve even further.”

Photo credit: Hafnia
Published: 26 June, 2026