Svend Stenberg Mølholt new Group COO
Monjasa Holding A/S has appointed Svend Stenberg Mølholt, 33, as new Group Chief Operating Officer (COO).
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Academy keeps Monjasa on its toes
The Monjasa Academy provides employees with hands-on, updated bunker knowledge and enhanced leadership skills.
Focus on Latin American emerging markets
Monjasa is growing its Latin American client and supplier base. Not least in neighbouring countries Mexico and Colombia. Vast experience from hard-to-reach markets in the Middle East and West Africa, gives Monjasa a clear indication of developing excellent supply services in Latin America.
Expanding into the English Channel
By launching a new bunkering facility at Portland Port, UK, Monjasa further enhances operating synergies and strengthens the position as leading physical supplier of marine fuels.
Getting ready in the Port of Skagen
Connecting the North Sea and the Baltic region, the Port of Skagen is conveniently located in the heart of Scandinavia.
New platform for career opportunities
What’s your dream job like? At Monjasa, our desire is to attract talented colleagues who are curious to learn and possess ambitions to develop in an international company.
The Monjasa Group grows stronger
In the financial year 2014, the Monjasa Group generated a total revenue of DKK 14.2 billion (USD 2.1 billion) compared to DKK 11.9 billion (USD 1.8 billion) in 2013.
This equals growth in revenue of 16%, which is satisfactory to the Group management. The growth is primarily a result of increased global sale of oil products measured in metric tons.
Despite tough market conditions, the Group presents an improved gross operating profit of DKK 463 million (USD 68 million) and sees net profit of DKK 164 million (USD 24 million).
Further consolidating the overall business platform
Overall, the financial year 2014 was characterised by strong competition in some of the Group core markets and a global shipping market still struggling hard to recover from the financial crisis. Despite tough market conditions, the Group presents an improved gross operating profit of DKK 463 million (USD 68 million) and sees net profit of DKK 164 million (USD 24 million).
The Group thereby further consolidates the overall business platform and maintains its top quartile position among the most solid bunker companies with an equity ratio of over 30.
150 new colleagues joined Monjasa
Monjasa Group experienced a 20% global increase in total number of employees in 2014. By year-end, the Group employed a total of 583 employees throughout the oil trading, tanker and offshore operations.
A main driver behind this positive development is the increasing employment of bunker traders, maritime experts and administrative staff. In particular, several new specialist functions e.g. within compliance were introduced at Monjasa Group’s global offices. Besides a growing pool of human resources, Monjasa also increased the fleet of bunker tankers to 28 compared to 24 in 2013.
Performance expectations for 2015
Looking ahead, Monjasa Group expects continuing highly competitive market conditions throughout 2015. However, the Group management remains positive and foresees another year of investments in expanding global shipping and oil trading activities.
The way we work with compliance
What does compliance mean to your business? At Monjasa, we emphasise a highly structured approach to compliance and our global team of compliance and HSEQ specialists is growing year on year.
To advise suppliers, clients and financial partners in more detail about how we work with compliance, we have dedicated a new section of our website completely to this important business area.
At Monjasa, we emphasise a highly structured approach to compliance and our global team of compliance and HSEQ specialists is growing year on year.
Part of an exclusive club of bunker suppliers
Today, the Monjasa Group holds ISO 9001, ISO 14001 and OHSAS 18001 certifications. On a global scale, Monjasa is thereby the leading compliance expert within the bunkering industry. For our business partners, this means documented assurance of our constant focus on overall business risk management, including code of conduct and reducing risk of environmental incidents.
Please click here to visit our compliance section and learn more about our ongoing efforts.
Open house party in Stamford
Monjasa has been a strong local partner in Stamford, US since establishing our office back in 2011.
Again, this year we are proud to be an official part of Connecticut Maritime Association (CMA), which is North America’s premier international shipping trade conference and exhibition. The event is taking place at the Hilton Hotel in Stamford on 23-25 March 2015.
More than 2,000 maritime and shipping professionals from all over the world participate during the conference days and at the many side events happening throughout the week. As a direct part of the conference, Monjasa is sponsoring a dedicated bunkering session on Wednesday 25 March 2015.
More than 2,000 maritime and shipping professionals from all over the world participate during the conference days and at the many side events happening throughout the week.
Join us at our open house event
Besides taking part in the conference, we have engaged with local based non-profit organisation, Young Shipping Professionals New York (YSPNY), to become an active social partner during the conference days, too. Therefore, Monjasa is hosting an open house party at our office on 24 March 2015 at 7:00 PM.
Registration for the open house party
The event takes place at:
Monjasa Americas, Stamford
Harbour Square
700 Canal Street / Suite 22d
Stamford, CT06902
USA
Additional information
Please click here for more information about the YSPNY organisation, or visit the official CMA Conference and Exhibition website for more detailed information about the conference days.
New CFO joins Monjasa Holding
Monjasa has appointed Kenneth Henriks, 48, as new Group CFO. Henriks will assume his role with the company as of 9 March 2015. Henriks has developed his career within the global conglomerate A.P. Moller-Maersk in the past 30 years.
He has served as CFO at Maersk Line, Vice President for A.P. Moller-Maersk and his most recent role has been CFO of Maersk Oil in Qatar. He has returned to Denmark to join Monjasa’s group management in Fredericia.
Anders Østergaard, CEO at Monjasa Holding, highlights that Henriks is an accomplished individual and brings with him solid experience from the industry’s heavyweight. He continues: ‘One of the main tasks this year is to lift the organisation that has been built over the past years’ extensive growth – and Kenneth possesses the right qualifications for this role.’
Henriks looks forward to the challenges ahead:‘Compared to Maersk, Monjasa is a young company that has displayed rapid growth in the past decade. As the new Group CFO, it will be my responsibility to consolidate and strengthen the organisation further. Monjasa has to continue with a healthy growth and I am very much looking forward to be part of this journey.’
Heartfelt thank-you to resigning CFO, Michael Ebsen
Henriks will be taking over Monjasa’s current CFO, Michael Ebsen, who has been working with Monjasa since 2007.
Jan Jacobsen, CEO at Monjasa Holding, points out that Michael Ebsen has been an integral part of the company and that he and Østergaard are deeply grateful for his tremendous efforts in connection with the growth and development that the company has experienced over the past years.
Jacobsen adds: ‘Michael will continue his career in the accountancy sector and we wish him all the best in his new job.’
