Glander International Bunkering announced its annual results for the fiscal year 2020/2021, ending April 30, 2021. With the bunker fuel market in flux amid the pandemic, the company has managed to maintain profitability and enhance its market share.
Earnings in 2020/2021 before tax was reported at USD 18.5 million. Volume has increased by 18.7% year on year.
CEO Carsten Ladekjær says, “Although we didn’t match last year’s exceptional results, this year proved our company’s agility despite global lockdowns, significant price drops and lower sales in the industry as a whole. Amid this crisis, we worked shoulder to shoulder with our valued business partners and we moved closer with them during the hard times.”
While managing the impacts of a global pandemic, Glander International Bunkering was simultaneously investing in new markets, green fuels and a better workplace.
Ladekjær continues, “Most people will associate this past year with the pandemic but we will remember it for our achievements. We intensified our partnership with EcoUrea in Norway to provide a greener shipping solution, we opened a new office in Montreal and we received two awards as a top workplace in the Middle East and a top workplace for women.”
