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BMS United Bunkers sees record 62% increase in earnings before tax at USD 24.3 million

15 Jun 2020

BMS United Bunkers Group on Monday (15 June) said it has completed its financial year report ending

April 30th, 2020 with a record Earnings Before Tax (EBT) at USD 24.3 million – an increase of 62% from the last fiscal year.

“It was a fantastic year, which demonstrated the dedication of our talented and experienced staff,” said Lars H. Nielsen, Group Executive Director. 

“I am proud of our teams around the world and their determination to continuously and actively support our clients, not only during the chaotic IMO 2020 sulphur changes, but also during the current COVID-19 affected freight market. 

“This new challenge inspired and motivated us to satisfy new needs and move forward with our digital transformation looking for novel ways to stay connected with our partners.

“At the same time, through our local offices around the globe, we have strengthened our strategic supplier alliances in key areas we specialise in, such as Hong Kong, the PRC, the East Mediterranean, South and Central America and all Russian ports. 

“Especially, in the Russian Far East and Black Sea ports, we remain the single largest bunker buyer world-wide.

“The fact that we have solid financing available has made it possible for us to support our business partners well, whether they are suppliers or clients.”

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Published: 15 June, 2020


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