Middelfart-based Bunker Holding on Thursday (20 June) reported “strong results” for the fiscal year 2018/19.
It recorded a 31% growth in revenues to US $10.64 billion. The strong growth resulted in increased earnings to US $77.3 million before tax, almost doubling earning as compared with the earlier fiscal year.
Bunker Holding also succeeded in increasing its equity to US $318 million in the fiscal year 2018/19.
“I am very pleased with this year’s strong financial performance which is a result of our solid business model and focused strategy execution – achieved through the unique skills and hard work of our dedicated employees,” said Keld R. Demant, CEO, Bunker Holding Group.
“The solid financial position and our new industry-leading credit facility give us an exceptional position and, combined with the trust and support we experience from the market, we are prepared for taking on the 2020 challenge.”
The annual report will be released on 8 July 2019.
Photo credit: Bunker Holding
Published: 21 June, 2019
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.