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Monjasa has agreed terms for 2010-built D-Class Product Tanker from SKS Tankers Holding. The largest ever member of Monjasa’s fleet.

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Monjasa has appointed Mikkel Kannegaard as new General Manager for the Group’s Copenhagen office as of November 2017.

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The Panama Canal expansion not only brings new routing and transit opportunities to the global shipping community. Marking one year of the official inauguration of the new locks of the Panama Canal, Monjasa reports of increasing supply volumes.

Monjasa has been an active in the Panama Canal since 2011 and established a physical presence for operations and bunker trading in Panama City in 2015.

“Since the opening of the new locks exactly a year ago, we have seen a positive development in the local bunker market,” says Rasmus Jacobsen, Managing Director for Monjasa Americas.

“On a daily basis, we already see 6 ships passing through the new locks, and as the tonnage further increases, we expect this number will increase to 8, 10, or possibly 12. As fuel supplier, this means that we must be able to offer increased flexible to our customers as the waiting time at anchorage for the vessels to transit is gradually reduced. Further, we also acknowledge new customer segments beyond container and bulk carriers voyaging the Canal, including liquified gas tankers and passenger ships. So, what we are looking at is primarily larger single fuel supplies rather than a significant increase in the total number of supplies.”

One way for us to deliver on this promise of quality is by implementing Monjasa’s existing customer satisfaction programme in the Canal upon each supply operation. This is a pioneering approach in this market and we take the feedback we receive very seriously.

Improved sourcing pattern and quality focus in the Canal

On the sourcing side, Monjasa says that several oil cargo majors have taken up interest in the market.

“There are around ten physical bunker suppliers in the Panama Canal, however, as one of the only ISO-certified bunker companies operating here, we set the bar high when it comes to quality, not least the one delivered by our sourcing partners. We are thus pleased to see a development where two-three oil cargo majors have entered the local market as it brings us new opportunities.”

“One way for us to deliver on this promise of quality is by implementing Monjasa’s existing customer satisfaction programme in the Canal upon each supply operation. This is a pioneering approach in this market and we take the feedback we receive very seriously. I believe that such an initiative also assists the overall development of the Panama Canal being perceived as a reliable and increasingly regulated marine fuel hub,” Rasmus Jacobsen concludes.

Monjasa currently manages four barges in the Panama Canal – three in Balboa and one in Cristóbal – and delivers 35,000-40,000 metric tonnes of oil products monthly.

More information

Learn more about our services in the Americas – or contact us in Panama City

on tel.: +507 2 025 231 or panama@monjasa.com.

2016 was an extremely challenging year for the global oil and shipping industries and like other players in the industry, the crisis has left its clear mark on Monjasa Holding A/S’s 2016 annual report. This year however, the Monjasa Group has turned developments around and shows positive net results.

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Increasing regulatory demands on the global shipping and bunkering industries call for extended cooperation and joint solutions.

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Following a short period of time without a fixed bunker vessel in the Port of Skagen, Monjasa reveals that the 2012 Turkish built and 2,400 DWT M/T Antares is now joining its North West Europe strait offering, stretching from the English Channel to the Baltic Sea.

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