World News
Glander International Bunkering 2023/24 Profits Drop From Previous Year's Record
Thursday July 4, 2024
Global hybrid marine fuels firm Glander International Bunkering saw a 45.8% drop in its pre-tax profits in the last financial year, sliding from the record level seen a year earlier.
The company saw pre-tax earnings of $22.17 million in the year to April 30, it said in an emailed statement on Thursday, down from a record high of $40.9 million a year earlier.
The 2022/23 financial year had been "marked by extreme volatility, price hikes and supply disruptions due to political turmoil compared to 2023/24, when shipping and bunkering experienced a notable return to normalization with energy prices dropping to stable levels," CEO Carsten Ladekjær said in the statement.
The firm had a 25% return on equity and 21% solvency ratio in 2023/24.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 560.50 | 7.00 | 669.00 | 4.00 |
| Rotterdam | 512.50 | 2.00 | 653.00 | 2.00 |
| Houston | 548.00 | 3.00 | 671.00 | 0.00 |
| Fujairah | 549.00 | 6.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 577.50 | 3.50 | 749.50 | 1.50 |
| Global 4 Ports Average | 542.50 | 3.50 | 685.00 | 0.50 |
| Global Average Bunker Price | 628.50 | 1.50 | 800.50 | 1.00 |
Popular Now More
-
Dec 16The new hire previously worked for ExxonMobil from December 2018 to October of this year. -
Dec 19The new board was appointed after an extraordinary general assembly of the association's members, incoming Chairman Mustafa Muhtaroğlu tells Ship & Bunker. -
Dec 17Ossi Mettälä, product manager at NAPA Shipping Solutions, discusses the upcoming FuelEU Maritime regulation and how the shipping industry can respond.