New York-listed global energy management company World Kinect Corporation recently announced that it recorded a 57% on year increase in gross profit for the second quarter (Q2) of 2026.

The company posted gross profit of USD 365 million in Q2 2026, higher than gross profit of USD 232 million seen during Q2 2025.

Revenue for its combined aviation, land and marine segments in Q2 2026 was USD 13.6 billion, a 50.4% increase from revenue of USD 9.04 billion in Q2 2025.

Specifically, the marine segment generated gross profit of USD 79.7 million in Q2 2026, up by 195% on year from USD 27 million in Q2 2026.

The company noted that this was the highest quarterly gross profit in the history of the segment. 

This was primarily driven by higher profit contribution from the company’s core resale business and certain physical locations, which benefited from increased bunker fuel prices and elevated market volatility.

In total, WKC sold 3.5 million metric tonnes (mt) of bunker fuel during Q2 2026, down by 10% from 3.9 million mt of marine fuels during the similar period of last year.

According to the earnings call transcript for Q2 2026, Mike Tejada, Executive Vice President and Chief Financial Officer, said marine volume was down 10% year-over-year, driven principally by lower demand tied to the Middle East conflict. 

“Despite the lower volume, marine gross profit increased almost three times the prior year level to $80 million, the highest quarterly gross profit in the history of the segment,” he said. 

“Both the core resale business and certain physical supply locations were meaningfully higher year-over-year, benefiting from elevated bunker fuel prices, increased volatility, and disciplined yield management. 

“The year-over-year comparison also benefited from a particularly low second quarter last year when the global tariff disruption weighed on trade flows and customer demand. Looking to the third quarter and considering our July activity to date, we expect marine gross profit to be up year-over-year, reflecting continued momentum in the business.”

Ira M. Birns, Chief Executive Officer, said: “Aviation and marine each delivered record quarterly gross profit, supported by favorable market conditions, including continued volatility associated with the conflict in the Middle East. 

“During periods of disruption, customers place an even greater premium on certainty of supply, operational execution, and trusted relationships. That is where our supplier relationships, local market knowledge, and global platform become especially valuable.”

Photo credit: World Kinect Corporation
Published: 28 July, 2026

Global bunker trading company Glander International Bunkering on Tuesday (14 July) announced its financial results for the year ended April 30, 2026 – reporting a turnover of nearly USD 2 billion and earnings before tax (EBT) of USD 23.4 million.

In the previous year, the company reported a turnover of USD 3 billion and EBT of USD 22 million, including a non-recurring item.

The results come after shipping has faced a year of regulatory acceleration, disrupted trade routes and tight avails.

There was a fundamental shift in market conditions, with geopolitical tensions, Red Sea risks and US tariffs. This was later compounded by the conflict in the Middle East conflict, which led to severe restrictions in the Strait of Hormuz and widespread rerouting, longer voyage time and increased freight costs.

CEO Carsten Ladekjær noted: “The real challenge was managing uncertainty, especially when things are changing by the day, sometimes by the hour. What has stood out is how our teams across the world have responded, how they have stayed close to clients and navigated that disruption in real time.”

Fuel EU entered its first full compliance cycle, becoming a direct factor in voyage economics. Then regulatory uncertainty persisted with key decisions at the MEPC in October being delayed.

Appointed Head of New Fuels in February 2026, Dionysis Diamantopoulos has overseen the continued expansion of the company’s new fuels offering during the past critical few months. 

He said, “We are supporting clients through a wide and evolving portfolio that includes biofuels and biofuel blends, LNG and bio-LNG, pooling and insetting solutions.”

“This approach has allowed us to increase our visibility in the market and contributed to doubling our new fuels volumes over the past year.”

Glander International Bunkering has continued to develop its approach to well-to-wake bunker management, which is a more integrated model of managing fuel, emissions, price and risk.

Ladekjær explains: “It has undeniably been a volatile year for global shipping, and it has changed our role in bunker trading. Our clients do not only come to us for fuel supply, they come to us to manage cost, compliance, and risk.”

The company said this approach reflects a broader shift in the market, where bunker decisions are no longer standalone transactions. They are directly linked to cost exposure, compliance and operational performance across the full fuel lifecycle.

Related: Glander International Bunkering reports EBT of USD 22 million for FY2025

Photo credit: Glander International Bunkering
Published: 15 July, 2026

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