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Glander International Bunkering 2023/24 Profits Drop From Previous Year's Record

Glander International Bunkering 2023/24 Profits Drop From Previous Year's Record

The company saw pre-tax earnings of $22.17 million in the year to April 30, down from $40.9 million a year earlier.
  1. 04Jul
    The company's pure car and truck carriers will all use 100% bio-LNG this month, supplied by Titan. Read in Full
  2. 04Jul
    The 7,600 m3 Seaspan Baker is planned to serve the LNG-fuelled boxship market at Long Beach upon its delivery in 2025. Read in Full
  3. 04Jul
    Ship & Bunker's G20-VLSFO Index gained $6.50/mt to the highest level since May 1 on Wednesday. Read in Full
  4. 04Jul
    The new hire was previously vice president of Nova Offshore. Read in Full
  5. 04Jul
    The company is looking for candidates with fluent English and preferably some experience in sales or a degree in shipping. Read in Full
  6. 04Jul
    Maaz Ahmed is stepping down from his role as MEA regional marine fuels manager at Oilmar. Read in Full
  7. 04Jul
    The company is looking for candidates with extensive experience in a senior trading role within the bunker industry. Read in Full
  8. 04Jul
    Meanwhile, OPEC members ruin the cartel's goal of cutting output. Read in Full
  9. 03Jul
    The firm has opened a new office in Singapore and hired a regional manager and senior trader. Read in Full

Insights & Analysis More

  1. Carnival Expects to Spend $15 Million on EU-ETS Compliance This Year
    Jun 28
    The firm's EUA cost for 2024 is anticipated to total $15 million, or 0.7% of its total fuel and emissions bill for the year.
  2. INSIGHT: Can a Green/Conventional Methanol Blend Be a Sound Transitional Fuel?
    Jun 24
    Eddy Van Bouwel of EvBo Consult discusses whether blends of conventional and green methanol make sense as a means of maritime decarbonisation.
  3. Bunker Industry Prepares for More Rapid Implementation of New ISO Specifications
    Jun 24
    While for previous editions it has taken several years for new ISO specifications to be used widely in bunker deals, a much faster turnaround is expected this time.
  4. VIEWPOINT: Unforeseen Consequences: Preparing the Industry for Ongoing Disruption
    Jun 18
    Shipping routes are continuously impacted by geopolitical conflict, growing climate change concerns, weather emergencies, market demands, large-scale disruptions, and more.
  5. ANALYSIS: Singapore May Bunker Sales Jump to Four-Month High
    Jun 14
    May's total was the highest since January.
  6. Single-Supplier Ports Likely to Be Next Locations for MFMs: 2050 Marine Energy
    Jun 14
    The industry may have reached a tipping-point on MFMs where more and more suppliers and regulators drive uptake of the systems, 2050 Marine Energy's Adrian Tolson tells Ship & Bunker.
  7. ANALYSIS: Understanding the Global Orderbook in Terms of Conventional & Alternative Bunker Fuel Demand
    Jun 13
    The current orderbook represents 33.8 million mt of bunker demand. 15.6 million mt (46%) of that demand is alternative bunker fuels.

Demand at the 17 hubs overall at 138.1 million mt in 2023, up by 1.8% on the year and the most since 2021.

Click to Read in Full

Yemen & Red Sea Attacks

  1. Commercial Ship Approached by 12 Small Craft in Red Sea
    Jul 01
    The incident took place about 13 nautical miles south-west of Al Mukha at 3:10 AM UTC on Sunday.
  2. UK Reports New Ship Attack in Red Sea
    Jun 28
    The ship came under attack about 150 nautical miles north-west of Al Hudaydah at 6:52 AM UTC on Friday.
  3. UK Reports New Ship Attack in Red Sea
    Jun 27
    The ship came under attack about 83 nautical miles south-west of Al Hudaydah at 6:44 AM UTC on Thursday.
  4. UK Reports New Ship Attack in Gulf of Aden
    Jun 26
    The ship cane under attack about 52 nautical miles south of Aden at 5 PM UTC on Tuesday.
  5. UK Reports New Ship Attack in Arabian Sea
    Jun 24
    The ship came under attack about 246 nautical miles south-east of Nishtun in Yemen at 4:44 AM UTC on Monday.

Top Stories More

  1. Glander International Bunkering 2023/24 Profits Drop From Previous Year's Record
    Jul 04
    The company saw pre-tax earnings of $22.17 million in the year to April 30, down from $40.9 million a year earlier.
  2. 41% of Tonnage Ordered in 1H24 Can Run on Alternative Fuels: Clarksons
    Jul 02
    Alternatively-fuelled ships too up about a third of ships ordered in the first half, and 41% of tonnage orders.
  3. KPI OceanConnect: Bunker Volumes Up 9% to 12m mt, Pre-Tax Profits Drop 59%
    Jul 02
    For 2023/24 the firm's pre-tax profit per tonne was about $1.67/mt, down from about $4.45/mt the previous year.
  4. Sumitomo Corporation Appoints Manager to Lead US LNG and Ammonia Bunkering
    Jul 01
    The new manager will be responsible for LNG bunkering at Baltimore and Norfolk, as well as ammonia bunkering at Jacksonville, Savannah, Benicia and Oakland.
  5. Bunker Holding Lost Around $125 Million From African Onshore Business PSTV Cargo
    Jun 26
    The firm shut down its PSTV Cargo operation in the second half of the 2023/24 financial year, a company representative tells Ship & Bunker.

Decarbonisation and Alternative Marine Fuels & Power More

  1. UECC to Take on Multiple Bio-LNG Deliveries From Titan
    Jul 04
    The company's pure car and truck carriers will all use 100% bio-LNG this month, supplied by Titan.
  2. Consort Bunkers Signs Alternative Fuels Partnership Deal
    Jul 03
    The four firms have signed a memorandum of understanding setting out plans to develop more bunker delivery vessels capable of handling alternative fuels.
  3. 41% of Tonnage Ordered in 1H24 Can Run on Alternative Fuels: Clarksons
    Jul 02
    Alternatively-fuelled ships too up about a third of ships ordered in the first half, and 41% of tonnage orders.
  4. Maritime Partners Acquires E1 Marine
    Jul 02
    Maritime Partners will use the acquisition to help develop sustainable fuel sources for the maritime industry.
  5. First All-Electric Harbour Tug in US Enters Service
    Jun 28
    Crowley's battery-powered tug the eWolf was christened at the Port of San Diego this week.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 620.50 0.50 801.50 0.00 519.50 3.00
Global 20 Ports Average 651.00 6.50 858.00 5.00 554.00 2.50
Global Average Bunker Price 697.00 10.50 913.50 3.50 588.00 4.00
Singapore 640.50 1.50 771.00 2.00 528.50 1.00
Rotterdam 586.50 3.00 782.00 4.50 526.50 8.50
Fujairah 639.50 0.00 863.00 0.50 530.00 2.50
Houston 615.00 0.00 790.50 2.50 493.50 2.50
Busan - login to view prices or
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Colombo - login to view prices or
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Durban - login to view prices or
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Gibraltar 622.00 2.00 - 566.00 4.50
Hong Kong 642.50 3.00 760.00 2.50 546.50 5.00
Istanbul 658.50 2.50 851.00 4.00 614.00 6.00
LA / LB 644.00 1.50 871.00 26.00 510.50 1.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 635.50 1.00 801.50 4.50 537.00 2.00
Cristobal, Panama - login to view prices or
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Piraeus 671.50 8.50 838.00 3.00 560.00 2.50
Santos 670.00 1.00 907.00 3.00 -
Shanghai - login to view prices or
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St Petersburg 585.00 12.00 773.00 0.00 486.00 0.00
Tokyo - login to view prices or
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