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In a defining moment across the oil and shipping industries, the Monjasa Group reports an increase of 10% in volumes and significantly improved business fundamentals.

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Monjasa announces promotion of Mikkel Kannegaard as new Managing Director for its activities in Europe. A role which has been filled by Group COO, Svend Stenberg Mølholt, on an interim basis.

Mikkel Kannegaard brings ballast from a position as General Manager at Monjasa’s office in Copenhagen. In the Danish capital, Mikkel has succeeded in building up a local trading department and various specialists’ functions aiding Monjasa’s global business as well.

From Portland Port to Cyprus

As new Managing Director, Mikkel’s responsibilities cover Monjasa’s around 800,000 metric tonnes (mts) of marine fuels supplied across Europe yearly. This includes overseeing operation of Monjasa’s two oil terminals located in Portland Port, UK and Skaw, Denmark, a fleet of four tankers and increasing Mediterranean trading activities headed from Monjasa’s local office in Cyprus.

A natural next step for Mikkel and Monjasa

“I believe this is a natural next step for Mikkel and our organisation. With Monjasa’s European activities spanning across trading to contract management and supply logistics, the role as Managing Director requires a holistic approach to oil and shipping. With Mikkel’s experience, drive and ability to making our business personal, I am confident that we can further develop our broad range of oil and shipping services in Europe,” says Group COO, Svend Stenberg Mølholt.

Leading a more mature European organisation

Since 2017, Monjasa Europe has increased its European supply volume by 23% from 650,000 mts to 800,000 mts, while at the same time contributing significantly to Monjasa’s global supply of +4m mts. During these years, the average seniority in the organisation has increased from less than two years to more than four years. In combination, this makes the Monjasa Europe sails well roped to continue matching supply and demand with Mikkel Kannegaard at the helm.

Ulrik Østergaard to lead developments in Fredericia

At the same time, Monjasa appoints Trading Director, Ulrik Østergaard, as new General Manager with daily management of Monjasa Europe’s activities in Fredericia. Ulrik has been with Monjasa for nine years and worked with both physical and back to back trading. His business acumen, coupled with his good understanding of employees and stakeholders, makes him naturally suited for the role of General Manager.

Altogether, Monjasa employs 102 colleagues across its three European offices in Fredericia and
Copenhagen, Denmark and in Limassol, Cyprus.

For more information about Monjasa’s European activities, please contact denmark@monjasa.com or cyprus@monjasa.com.

Today, we launch the visible maturity of the Monjasa brand and bring clarity to the role we play in oil and shipping.

Since 2002, Monjasa has evolved as a different and unique brand name through the ideas of two young Danish entrepreneurs.

We are now 600 colleagues globally and we have broadened our business well beyond bunker trading. With daily operation of a fleet of 20 tankers and 10 offices, we now take on extended
ownership and challenge status quo on industry quality and compliance norms.

It is the growing trust and relationships across oil and shipping that has put weight to the Monjasa name and recently earned us a position among the world’s 10 largest marine fuel suppliers.

The Monjasa core values have remained untouched throughout this intense journey. So has our belief in a transparent one brand organisation and emphasis on building strong personal relations.
This heritage ispreserved in our reshaped visual identity.

Into the new decade of transparency

Looking ahead, this new decade calls for further transparency across the oil and shipping industries.
To sustain Monjasa’s development, we desire a visual identity that captures the direction we have taken as a company.

Matching how we run our business, we leave our new look simple, transparent and future-proofed for a digital transition in our industry.

About the design

As such, we introduce a new and simple brand architecture revamping the original Monjasa oil pipes into three iconic waves.

Three waves that put together fly the new Monjasa flag across the seas and in every port.

The logotype itself has been separated from the graphic element and modernised to fit and work across the small spaces on mobile phones to giant installations on our tankers.

Lastly, we continue to rely on the distinct Monjasa orange colour reflecting the universal code for safety at sea and Monjasa as a safe port for our customers and partners.

New endeavours await.

Monjasa’s Limassol-based team is the proud receiver of the Company Award at the 2019 YoungShip Awards in Cyprus.

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By establishing a new supply area in Houston, Monjasa further matches supply and demand for many of its global customers. The operations include a dedicated barge fleet supplying all grades of marine fuels, including new IMO 2020 compliant oil products.

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Global oil and shipping group, Monjasa, welcomes four new banks in 2019 and increases its overall credit facilities by an additional total of USD 160m. Thereby, Monjasa is ready to meet the anticipated growing working capital requirements arising from IMO 2020.

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Oil and shipping group, Monjasa, currently operates a global fleet of some 20 chartered and owned tankers of various capacities.

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We are pleased to announce the opening of our first Monjasa office in Luanda, Angola, to support our extensive West Africa oil and shipping activities.

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At Monjasa, we are thrilled to welcome another batch of young shipping professionals to the industry, as we are currently onboarding the 2019 batch of Monjasa Oil and Shipping Trainees (MOST).

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Monjasa has been a local partner to the Danish shipping community since opening a permanent office in Copenhagen in 2013.

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