Uni-Tankers has delivered significant growth and a net profit in line with expectations for the 2024/25 financial year – a solid result given the geopolitical uncertainty currently affecting global markets. The company is well-positioned with an expanded fleet, strategic contracts, and a strengthened global presence.
The Danish shipping company Uni-Tankers has just published its annual accounts for 2024/25, reporting a post-tax profit of USD 39.5 million and a revenue increase of 24.4 %.
“It has now been four years since we completed our turnaround, and for the past three years, we have consistently delivered strong profits. This confirms that our strategy is working and that the owners’ confidence in Uni-Tankers continues to be rewarded. We have stayed true to our strategy, worked with focus, and demonstrated strong market insight – and we continue to see the results of our long-term efforts. It’s an achievement the entire organisation can be proud of,” says Per Ekmann, CEO of Uni-Tankers.
This positive development is the result of several strategic initiatives, including an increase in fleet size from 41 to 47 vessels. This marks the largest capacity in the company’s history and reinforces its position as a provider of efficient and modern transport solutions. The fleet expansion includes several ECO-designed tankers such as M/T Selandia Swan – a sister vessel to M/T Fionia Swan – and the newly built M/T Marex Nina, named after Nina Østergaard, CEO and co-owner of parent company USTC. The expansion is further supported by a robust order book with additional newbuilds underway.
Balanced business model and strong presence in Asia
The company’s solid result is also driven by a balanced business model, with approximately 50 % of activity in the spot market and 50 % in long-term contracts. This combination has provided stable revenues and reduced risk exposure in a continuously volatile global market.
At the same time, Uni-Tankers has strengthened its presence in Asia and will open a new office in Singapore in July as part of its targeted effort to enhance competitiveness in the Far East.
“Our growth is not only built on larger and more numerous vessels, but also on strategic investments, timely diligence, and talented employees. It’s especially worth highlighting the dedication and efforts of our colleagues, who have done an outstanding job across the organisation,” says Per Ekmann.
Energy optimisation of the fleet
On the environmental front, Uni-Tankers has intensified its efforts to support development and innovation in green technology. Through the CLEANSHIP project, the company collaborates with, among others, the Danish Technological Institute and the Mærsk McKinney Møller Centre for Zero Carbon Shipping. The aim is to reduce black carbon emissions and install energy-saving equipment and wind-assisted propulsion on selected vessels.
Solid outlook for the upcoming financial year
Despite global uncertainty and geopolitical tensions in regions such as the Middle East and the United States, Uni-Tankers expects a pre-tax profit of approximately USD 30 million in the coming financial year.
The strategy for 2025/26 will continue to focus on operational efficiency, digital development, and the attraction and retention of talent.
