Global provider of marine energy solutions KPI OceanConnect on Thursday (9 July) announced its financial results for the year 2025/2026. 

The company delivered 13 million metric tonnes (mt) of marine fuel, increasing revenue to USD 6.2 billion and Earnings Before Tax increased by 21% to USD 10.9 million. 

“The results reflect a year of strong operational performance, business expansion and continued investment in supporting the maritime industry’s energy transition amid heightened volatility,” it said. 

In January this year, the company completed the strategic integration of marine fuel company Baseblue into KPI OceanConnect. The move strengthens the company’s global footprint, aligns regional teams more closely and enhances its ability to deliver consistent service, and greater value to customers worldwide.

“By integrating Baseblue, investing in our people and expanding both our advisory and digital capabilities, we have further enhanced our ability to help customers navigate market volatility, regulatory change and the practical realities of the energy transition. The results for the year reflect the strength of our partnerships, the dedication of our teams and the trust our customers place in us every day,” said Dorthe Bendtsen, CEO of KPI OceanConnect.

In response to geopolitical and regulatory challenges over the past year, including the effective closure of the Strait of Hormuz, KPI OceanConnect continued to invest in the expertise, technology and capabilities required to support customers in developing fuel and compliance strategies aligned with their commercial and operational objectives. 

Through its Alternative Fuels & Carbon Markets team, the company expanded support for customers seeking guidance on biofuels, LNG, methanol, carbon compliance and FuelEU Maritime strategies. KPI OceanConnect also saw growing demand for EU Allowance (EUA) trading and FuelEU Pooling solutions, trading more than two million EUAs during the year and helping 250 shipowners and operators identify practical and commercially viable pathways to compliance.

The company continued to leverage the strength of the Bunker Holding Group’s global supply network, which today provides access to biofuel solutions in more than 250 ports worldwide. This extensive infrastructure enables customers to access lower-carbon fuel options where and when they need them, supporting both compliance and commercial objectives while helping prepare for the evolving regulatory landscape.

“The industry is operating in a period where energy, regulatory and geopolitical risks are increasingly interconnected,” said Dorthe Bendtsen. 

“Our role is to help customers navigate these complexities by providing market insight, compliance expertise and access to a broad range of fuel and risk management solutions.”

Related: Baseblue fully integrates into KPI OceanConnect

Photo credit: KPI OceanConnect
Published: 10 July, 2026

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