Dan-Bunkering: "Great Ambitions to Expand Further" After Reporting "Very Satisfactory" Year End

CEO Henrik Zederkof said he was very satisfied with the progress made by the Dan-Bunkering Group during the past financial year

Dan-Bunkering today said it has its eye on further expansion after reporting what it described as a "very satisfactory" before tax profit of $16.4 million for the financial year 2014/15.

Although the company did not release detailed financials, Ship & Bunker understands that the result represents one its best ever thanks in part to the bankruptcy of OW Bunker, which allowed it to gain both new customers and new employees.

"I am very satisfied with the progress we have experienced during the past financial year in the Dan-Bunkering Group," said CEO Henrik Zederkof.

"We have experienced many positive changes within our organization, especially within the past six months, and these changes have only shown to be for the benefit of our business, i.e. several new and experienced specialists have been added to our team, and we have opened four new offices.

"In combination, these additions have managed to contribute positively to our result despite the fact that they have only been on board since the turn of the year."

Dan-Bunkering noted it added four new offices to the group over the course of its financial year in Montevideo, Valparaiso, Stamford, and Aalborg, and was "well in line" with its strategy of being represented on all continents worldwide.

"The management continues to have great ambitions to expand further and looks forward to a new financial year with numerous skilled and ambitious employees onboard," the company concluded.

Last week Dan-Bunkering (America) Inc. announced Mikkel Søholm Vestergaard had been appointed Managing Director with the company’s office in Houston, Texas