KPI OceanConnect delivered a strong 2025/2026 fiscal performance, driving revenue to USD 6.2 billion and increasing Earnings Before Tax by 21% to USD 10.9 million despite severe geopolitical disruptions like the closure of the Strait of Hormuz. The provider successfully capitalized on the maritime energy transition by finalized the integration of Baseblue and trading over two million EU Allowances to guide more than 250 shipowners through complex new carbon compliance landscapes.
London | July 9, 2026 – KPI OceanConnect, one of the world’s largest marine energy solutions providers, has released its financial and operational results for the fiscal year 2025/2026. Amidst a backdrop of severe geopolitical friction and a rapidly evolving regulatory matrix, the company delivered a robust performance: distributing 13 million metric tonnes of marine fuel, driving total revenue to USD 6.2 billion, and expanding its Earnings Before Tax (EBT) by 21% to USD 10.9 million.
The company’s performance signals a structural shift in the bunkering industry. Scale, liquidity, and regulatory intelligence are increasingly outpacing baseline commodity trading margins. By finalizing key structural integrations, scaling up carbon-desk functionalities, and guiding clients through unprecedented supply chain diversions, KPI OceanConnect has demonstrated that a turbulent market offers significant opportunities for specialized, well-capitalized providers.
Key Financial & Operational Performance (FY 2025/2026)
- Bunker Volume Delivered: 13 million metric tonnes of marine fuel supplied globally.
- Total Revenue: Reached USD 6.2 billion, driven by robust operational performance amid market volatility.
- Earnings Before Tax (EBT): Surged to USD 10.9 million, marking a significant 21% increase year-on-year.
Capitalizing on Volatility: The Operational Landscape
The 2025/2026 financial year presented severe operational bottlenecks for global shipping lanes. Most notably, the effective closure of the Strait of Hormuz forced major trade re-routings, fundamentally shifting traditional bunkering demand away from standard hubs and imposing longer ton-mile patterns on international fleets.
KPI OceanConnect met this challenge by utilizing the massive, flexible supply ecosystem of its parent entity, the Bunker Holding Group. Instead of merely executing trades, the company acted as a strategic partner, helping shipowners restructure their bunker procurement blueprints, adjust to regional price disparities, and maintain secure supply continuity across extended voyages.
Strategic M&A: The Baseblue Integration
In January 2026, KPI OceanConnect completed the strategic integration of marine fuel player Baseblue. This move has structurally realigned regional teams and expanded the company’s direct physical and advisory footprint, particularly in key Mediterranean and European corridors.
The integration allows KPI OceanConnect to consolidate its purchasing power, achieve backend cost-efficiencies, and offer a more unified service portfolio to complex, global accounts that require high-touch account management across multiple time zones.
Dorthe Bendtsen, CEO of KPI OceanConnect, stated “By integrating Baseblue, investing heavily in our global talent, and expanding both our advisory and digital capabilities, we have fundamentally enhanced our ability to help customers navigate market volatility, regulatory change, and the practical realities of the energy transition. The results for the year reflect the strength of our partnerships, the dedication of our teams, and the trust our customers place in us every day.”
The Carbon Premium: Monetizing Compliance under EU ETS & FuelEU
As shipping enters a capital-intensive regulatory era, KPI OceanConnect’s Alternative Fuels & Carbon Markets division emerged as a core commercial driver. With the escalating financial implications of the EU Emissions Trading System (EU ETS) and the operational implementation of the FuelEU Maritime framework, shipowners are increasingly looking for risk-mitigation strategies.
Regulatory Trading & Compliance Metrics
| Regulatory Focus | Volume / Scope | Target Audience |
| EU Allowance (EUA) Trading | 2,000,000+ Allowances Traded | Carbon Risk Management & Hedging |
| Compliance Support Portfolio | 250+ Shipowners & Operators | FuelEU Maritime & EU ETS Strategies |
The company traded over two million EU Allowances (EUAs) during the fiscal year, providing direct liquid hedging instruments to more than 250 shipowners and operators. Furthermore, by spearheading FuelEU Pooling solutions, the desk enabled fleets with varying emissions profiles to aggregate compliance, optimizing financial exposure across different compliance portfolios.
Concurrently, through the Bunker Holding network, the company broadened access to alternative fuel solutions, including biofuels, LNG, and methanol, across more than 250 ports worldwide, securing lower-carbon pathways where infrastructure remains fragmented.
“The industry is operating in a period where energy, regulatory, and geopolitical risks are increasingly interconnected,” said Dorthe Bendtsen. “Our role is to help customers navigate these complexities by providing market insight, compliance expertise, and access to a broad range of fuel and risk management solutions.”
Social Impact: 50for50 Fifth Anniversary
Beyond commercial metrics, the firm marked the fifth anniversary of its annual 50for50 initiative. The 2025 campaign raised USD 115,500 through a new customer-focused mechanism that allows clients to directly participate in selecting local charities across KPI OceanConnect’s 13 global offices.
Since its inception, the initiative has directed more than USD 570,700 to over 40 charities globally, anchoring the company’s corporate social responsibility strategy firmly within the maritime communities it serves.
As multi-fuel futures, high capital costs, and carbon penalties reshape maritime economics, KPI OceanConnect’s current financial results indicate that transparent, data-driven green advisory has become a key competitive differentiator in the global bunker space.
About KPI OceanConnect
Founded in 1971, KPI OceanConnect is one of the world’s largest, most experienced independent marine fuels service and solutions providers. A key part of the Bunker Holding Group, the company operates across every major maritime hub and time zone with a global network of 13 offices. Backed by strong financial security, deep market insight, and immense purchasing power, KPI OceanConnect facilitates over 20,000 trades annually and moves 13.5 million metric tonnes of volume per year, consistently delivering competitive pricing and flexible, tailored bunkering solutions to the international shipping community.
Driven by innovation and a partnership-first approach, KPI OceanConnect is actively connecting the future of marine energy by guiding the shipping industry through the complexities of the green transition. Combining cutting-edge technology with a highly experienced team of maritime professionals, the company provides forward-looking solutions, high-quality marine lubricants, and carbon offsetting strategies. With a firm commitment to transparency and sustainability, KPI OceanConnect is targeting a 50% reduction in its own emissions by 2030 and aiming for Net Zero by 2040 as the industry’s preferred and most trusted marine fuels partner.
Source: KPI OceanConnect