Global bunker trading company Glander International Bunkering announces its financial results today for the year ended April 30, 2026 – reporting a turnover of nearly USD 2 billion and earnings before tax of USD 23.4 million.
The results come after shipping has faced a year of regulatory acceleration, disrupted trade routes and tight avails.
Market volatility and pressures
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.
Carsten Ladekjær - CEO
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.”
New fuels momentum
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.
Dionysis Diamantopoulos- Head of New Fuels
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."
He added: “This approach has allowed us to increase our visibility in the market and contributed to doubling our new fuels volumes over the past year.”
This well-to-wake year and beyond
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.”
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.
Ladekjær expects the energy and shipping markets to continue evolving in the years ahead: "As the world becomes more complex, one thing is clear: shipping matters more than ever. We are proud to play our part in keeping that system moving.”
He adds that the company’s strategy in the coming years include:
• Supporting customers with data-driven, risk-managed bunker operations
• Expanding well-to-wake management strategies, including alternative fuels
• Strengthening emissions compliance and carbon market expertise
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