On 31 May 2016, Managing Director for Monjasa DMCC, Mikkel Jacobsen, proudly received the Dubai Multi Commodities Centre (DMCC) Award for Best Maritime Company 2016. The DMCC counts +12,000 leading businesses in Dubai and the judging panel emphasised several years of successful growth and Monajsa’s approach to quality and risk management as main reasons for the acknowledgment.
The Monjasa Group delivered a robust performance across business units in the financial year of 2015. Presenting an all time high equity ratio of 40 percent, Monjasa maintains its top quartile position amongst the most solid bunker companies in the world.
Monjasa celebrates five years of business in the American oil and shipping industry. Today, our market approach remains unchanged; bringing new solutions to the table and demonstrating ourselves as a fresh and different trading partner in a historically well-consolidated bunker market with high entry barriers.
Monjasa Holding A/S has appointed Svend Stenberg Mølholt, 33, as new Group Chief Operating Officer (COO).
The Monjasa Academy provides employees with hands-on, updated bunker knowledge and enhanced leadership skills.
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.
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.
Connecting the North Sea and the Baltic region, the Port of Skagen is conveniently located in the heart of Scandinavia.
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.
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).
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.
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.
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.
