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One of Europe’s largest green ammonia facilities accelerates the green shipping transition through new logistics and offtake collaboration agreement with Monjasa.

On 6 February 2023, Monjasa and HØST PtX Esbjerg have signed a Commercial Collaboration Agreement (CCA) on logistics services and offtake of green ammonia for the maritime sector. According to the CCA, Monjasa will provide logistics services that will enable distribution of green ammonia from HØST PtX Esbjerg, which is a Danish power-to-ammonia project managed by Copenhagen Infrastructure Partners (CIP).

As a maritime logistics partner, Monjasa has the possibility to provide the offtake partners of HØST PtX Esbjerg with green ammonia. Furthermore, a volume of the planned production will be reserved for Monjasa. This secures a strong position for Monjasa in Northwest Europe, as the market for green marine fuels will expand in the future, but also for HØST PtX Esbjerg as both parties will significantly increase their reach and ability to market green ammonia to the maritime sector.

David Dupont-Mouritzen, Project Director, HØST PtX Esbjerg, shares:

“This is a decisive step towards realising tomorrow’s supply chain and creating the green transition within the maritime sector. The cooperation between Monjasa and HØST PtX Esbjerg will allow us to deliver green ammonia on the preferred location of our customers, and it will help accelerate the green transformation of an industry that has a considerable potential. We are taking some major steps at this moment, and hopefully both national and European regulation and policy frameworks will support this. The green transition in the maritime sector is on the verge of happening, and we wish to maintain the progress with the combined strengths of our partners.”

Jesper Nielsen, Group Responsibility Director, Monjasa, shares:

“We are excited to embark on this journey with HØST PtX Esbjerg and Copenhagen Infrastructure Partners because it shows shipowners around the world that green ammonia is becoming available as a long-term marine fuel option. At Monjasa, our strengths lie in maritime logistics, and we are determined to become an enabler of alternative fuels worldwide thanks to our unique industry position between fuel producers and end users. Only by being curious and learning from each other will we succeed in decarbonising shipping and we have a very strong partner in CIP.”

“We are excited to embark on this journey with HØST PtX Esbjerg and Copenhagen Infrastructure Partners because it shows shipowners around the world that green ammonia is becoming available as a long-term marine fuel option.“

The chicken-and-egg challenge

Green ammonia is the cleanest of alternative fuel production methods for the maritime industry, but also represents the classic chicken-and-egg challenge. While the technology is available, the regulatory framework and infrastructure for distribution still need to be developed and new ammonia-fuelled engines are expected to be commercially available in 2024 with testing commencing this year. So, should the ship owners drive the demand by building new ships using green fuel technology or must the supply chain develop to support the transition? For HØST PtX Esbjerg and Monjasa it is crucial to take the first steps and establish ambitious partnerships that also serve as a pull factor towards the maritime industry and ultimately will help secure more ammonia-fuelled newbuilds.

A favourable distribution route

The HØST PtX Esbjerg production facility is located in Southern Denmark close to the port of Esbjerg, from where the ammonia will be distributed.

The Port of Esbjerg provides access to major European ports, e.g., Hamburg and Rotterdam, which ensures a favourable distribution route for the green ammonia throughout Europe. In addition, the port ranks as Europe’s largest base port for shipment of offshore wind turbines.

About HØST PtX Esbjerg / Copenhagen Infrastructure Partners
HØST PtX Esbjerg is a leading, Danish Power-to-X project under development, deploying large-scale industrial use of electrolysis technology on gigawatt level to produce ammonia. Powered entirely by renewables, HØST PtX Esbjerg will produce approx. 600,000 tonnes green ammonia per annum for use in fertilisers and in fuels, contributing to the long-term sustainability of agriculture and shipping

HØST PtX Esbjerg is a project in the CI Energy Transition Fund I managed by Copenhagen Infrastructure Partners. The fund focuses on the next generation of renewable energy infrastructure including industrial scale Power-to-X projects and the decarbonisation of the so-called hard to abate industries such as shipping, land transport and aviation using green fuels.

About Monjasa
Monjasa is a global partner in the oil and shipping industries and among the world’s 10 largest marine fuel suppliers with a total volume of approx. 6m tonnes yearly. With a fleet of some 30 tankers and barges, Monjasa services shipowners, charterers and operators in more than 700 ports worldwide. Monjasa employs around 500 traders and other maritime specialists and recorded total revenue of USD 3.2bn in 2021. As part of its Responsibility framework, Monjasa is engaged with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping as Mission Ambassador.

Learn more about Monjasa’s Responsibility framework here

Global oil and shipping group, Monjasa, accelerates industry transparency by launching real-time data flows from its global tanker fleet and straight to the mobile phones of its customers.

The new Monjasa app offers a window into the heart of Monjasa’s trading and maritime operations to show what a more holistic industry approach may look like in 2023 and beyond.

Years of data integration and IT-engineering have been invested into developing new digital workflows including access to features like customer satisfaction surveys, real-time price indications, document trails and instant supply notifications.

Through this pioneering move, Monjasa is determined to keep challenging the status quo in the supply chains in continuation of the group’s existing service and personal business approach.

Monjasa Group CEO, Anders Østergaard, shares:

“Our tankers are often operating far from shore and around the globe, however, by sharing real-time data and business insights with our customers, we are closer connected to each other than ever before. We are pushing digitalisation to the limit and our ultimate ambition is to provide complete end-to-end transparency across our operations as fast as the satellite technologies allow us to do it.”

The new Monjasa app offers a window into the heart of Monjasa’s trading and maritime operations to show what a more holistic industry approach may look like in 2023 and beyond.

What the ship owners and charterers say 

A pre-launch of Monjasa’s new digital features reaffirmed how this integrated collaboration improves daily workflows and supports more efficient operations.

Mauricio Lacayo, AVP, Supply Chain, Royal Caribbean Group:
“We are very glad to see Monjasa taking the next step towards improving and digitising the fuel supply chain end-to-end. Instead of exchanging multiple messages about individual fuel orders, this digital platform provides full transparency across all the transaction and logistic details.”  

Andrea Zapata, Ocean Freight Operations, Bunge:
“We are finding it very handy and helpful as a decision making tool as you will not only follow up on your fleet real time, but also on some key matters related to the market as fuel price, trends and news. I really like the feature of consumption calculation, units conversion and fuel specs so this will drive you to the app usage as a supportive tool.”

Facts about the Monjasa app

When it comes to design and functionality, the Monjasa app is left simple and transparent with key features including:

Real-time supply notifications

• Full overview of fuel inquiries and orders
• Worldwide price indications
• Customer satisfaction surveys
• Accurate CO2 emissions data
• Fuel efficiency, temperature and volume calculations
• Complete invoice details
• Supply types, fuel grades and historic volume development
• Monjasa fleet positions and vessel specifications
• Transparent claims handling flow

The Monjasa app is easily accessible in App Store and will continuously be updated with additional features to further enable end-to-end transparency in every port.

For more information about accessing the Monjasa app, please contact app@monjasa.com.

Global oil and shipping group, Monjasa, announces further expansion across the Americas with new barge operation and office location in Rio de Janeiro, Brazil.

Monjasa is already a well-established partner to the Americas-based oil and shipping industries with three existing offices in Panama City, Stamford and Houston.

The Brazilian oil and gas market is undergoing some important changes which leave further room for international companies such as Monjasa to enter the local marine fuel markets. Consequently, as of 13 September, Monjasa commences Marine Gasoil (MGO) supplies to the offshore and shipping industries by barge and truck.

The overall Brazilian marine fuels market is estimated at 5-6m metric tonnes yearly.

Managing Director Rasmus Jacobsen says:

“The maritime logistics in Rio de Janeiro can be challenging. This is a true niche market where understanding the local regulations and product flows in detail are prerequisites for running the daily operations. Monjasa’s decision to establish ourselves in Rio de Janeiro comes from a sincere conviction that we can make a difference for offshore operators and shipowners.

“The new barge operation brings additional scale and flexibility to customers refuelling in Rio de Janeiro”

Monjasa has a history of entering more complex markets in West Africa, the Middle East and Latin America and we have been working for several years to meet the demand for more streamlined and transparent marine fuel operations in Rio de Janeiro too.” 

Monjasa takes barge on time charter  

Recently, Monjasa has been supplying marine fuels by trucks only and the new barge operation brings additional scale and flexibility to customers refuelling in Rio de Janeiro.

Monjasa has agreed time charter terms for the barge, TWB-250, which offers a loading capacity of 1,500cbm. The barge is oil major approved and meets all operational offshore quality and safety requirements.

Aline Vaz leading local developments

Monjasa emphasises strong personal relationships across the local oil and shipping communities and will also establish a permanent office in Rio de Janeiro as part of the expansion.

Bringing vast experience from the Brazilian bunker industry, Trader, Aline Vaz, will be leading future developments, including establishing the local office and organisation in the Botafogo area.

New office address:
Edificio Argentina,
Praia de Botafogo, 228 – Botafogo,
Rio de Janeiro – RJ, 22250-906
Brazil

Oil and shipping group, Monjasa, acquires the oil and chemical tanker, Monjasa Shaker, (9,600-dwt) for cargo and bunkering operations in the Arabian Gulf.

Monjasa continues to record an increasing demand for its marine fuel solutions and deployment of quality tonnage is increasingly relevant to ensure efficiency and fuel grade flexibility for customers. As an example, the Monjasa Shaker also allows on board product blending and is thus capable of supporting Monjasa’s biodiesel supplies across the UAE, which were commenced earlier this year.

Full-range maritime logistics  

Formerly known as the Trinity Erk, the Monjasa Shaker strengthens Monjasa’s marine fuel operations across the Middle East, which currently consist of four tankers ranging between 4,000 and 10,000-dwt.  

Equipped with deepwell pumps and five tank segregations allowing multiple fuel grades onboard, Monjasa Shaker increases operational flexibility. Capacity-wise she matches demand for transporting oil cargoes from the Fujairah bunkering hub to Monjasa’s main markets across Dubai, Abu-Dhabi and Sharjah ports, as well as performing ship-to-ship refuelling operations.

In 2021, Monjasa supplied 850,000 tonnes of marine fuels across the Middle East– equivalent to
15% of Monjasa’s 5.7m tonnes global volume.

“The Monjasa Shaker fits well into our existing fleet of tankers and matches market demand in terms of cargo capacity and high technical specifications”

Group Shipping Director, Torben Maigaard Nielsen says:  

“The Monjasa Shaker fits well into our existing fleet of tankers and matches market demand in terms of cargo capacity and high technical specifications. In fact, two years ago we acquired the sister vessel, Monjasa Server, which has been an excellent contribution to our Middle East fleet operations. Moreover, operating two sister vessels allows us to better apply learnings across performance and energy efficiency on board, which is becoming increasingly important for all shipowners.”

Balancing a fleet of owned and chartered tankers

Overall, Monjasa controls 25 tankers and barges globally of which 11 are owned. It remains a priority to have the fleet composed of the right mix of owned and chartered tankers to ensure both operational and financial flexibility across the Monjasa Group.

Facts about Monjasa Shaker

Type: Oil and chemical tanker
Year built: 2009
Dwt: 9,600
LOA: 117.60m
Beam: 19m

Monjasa is positioned among the world’s top 10 global marine fuels suppliers. Monjasa controls a fleet of 25 tankers and barges and supplied a total of 5.7m tonnes of fuel products across 700+ ports during 2021.

Panamanian, German/Cypriot, Danish, American and Italian – Monjasa is thrilled to welcome another international batch of young shipping professionals to the industry, as we are currently onboarding eight new Monjasa Oil and Shipping Trainees (MOST).

Following seven successful global recruitment events, Monjasa has carefully selected eight motivated trainees who are ready for two years of maritime hands-on experience and academic learning. During the programme, all trainees will also become part of global rotations among Monjasa’s offices in Dubai, Denmark, Cyprus, Singapore, USA and Panama.

Monjasa has been investing heavily in developing the bunker industry’s most comprehensive trainee programme since 2018. Going forward, Monjasa’s ambition is to continue working closely together with Danish Shipping to improve maritime learning and development opportunities.

“All trainees will also become part of global rotations among Monjasa’s offices in Dubai, Denmark, Cyprus, Singapore, USA and Panama”

Danish Shipping Education receives government stamp

This year, Monjasa has played a leading role in revamping Danish Shipping’s former Commercial Shipping Programme to the new and current Danish Shipping Education. A central part of this work has been to align the academic level across all courses to create a more coherent education as well as extending the focus on energy and fuel.

As a result, the Danish Shipping Education is now acknowledged as a formal and government-approved education, allowing students to earn ECTS points, instead of being recognised only as a private commercial programme.

“Exciting and meaningful career path”

“The marine fuels industry is facing growing complexity arising from shifting regulations and the green shipping transition to more environmentally friendly fuels. This is an exciting and meaningful career path where cultivating trusting relationships will be central to Monjasa’s future traders and our overall success,” says Group HR Director, Tracy Palm.

With eight new trainees on board, Monjasa currently has a total of 18 trainees enrolled in the MOST programme.

The 2022 batch of Monjasa Oil & Shipping Trainees:

• Carlemilio Momigliano, Trader in Dubai
• Emil Mirchandani, Trader in Dubai
• Valerie Della Togna, Trader in Panama
• Charles Bianchi, Trader in Houston
• Andreas Hadjimichael, Trader in Cyprus
• Cornelius Larsen, Trader in Copenhagen
• Laura Amalie Førby, Trader in Fredericia
• Frederik Kjær Østergaard, Trader in Fredericia

The new trainees become part of a global organisation with 43 different nationalities working together across 13 offices. Monjasa currently operates a fleet of 25 tankers and barges worldwide and supplied a total volume of 5.7m tonnes of marine fuels in 2021 – an increase of 16% compared to 2020.

Learn more about the MOST programme here.

In oil and shipping we often spotlight global trade developments and showcase vessels and logistical solutions. On the contrary, less attention is given to all the power that propels the industry from the inside and allows us to safely manoeuvre forward.

… Continue reading

We concluded our second year of Group Responsibility reporting with great new learnings and by making progress across our three pillars of Responsibility.

The 2021 report aims to further heighten transparency and make an impact across the Monjasa Group and towards our partners and communities.

The full report is available here.

“We have taken important and necessary steps towards managing and improving our direct and indirect emissions”

Transparency on our CO2 footprint

Under our pillar of Minimising our environmental impact, our main activities have revolved around how to develop full transparency on our scope 1, 2 and 3 CO2 emissions as one of the first companies in our industry.

By presenting our complete Group carbon accounts for 2020 and 2021 in this report, and at the same time developing accurate supply chain data for our customers to measure CO2 emissions from purchased fuel products, we have taken important and necessary steps towards managing and improving our direct and indirect emissions.

Strict sanctions compliance in practice

Claiming Leading industry governance requires year-on-year improvements and the ambition to go beyond our stakeholders’ expectations.

One of last year’s main achievements was the adoption of two new Lloyds List Intelligence data feeds to our existing compliance screening systems. In practice, this means that our Compliance department has even better opportunities to ensure sanctions compliance by also including tracking vessels’ movements for AIS gaps and sanctioned owners’ detection.

Inclusiveness across the Group

As part of our pillar, Promoting people and relations, we launched a Group-wide Inclusiveness theme in 2021. This initiative functions as the overarching theme to cultivate diversity and inclusion, uncover unconscious bias and reinforce commitment to our values of Respect, Ambition, Curiosity and Smile & Joy.

Altogether, a year that offered many new perspectives and important dialogues with employees, business partners and NGOs around the world.

Contact us for feedback or partnership ideas

We believe that clearly defining our role within the wider sustainability agenda reflects the overall transparency efforts of the Monjasa Group and look forward to continuing making progress in close dialogue with our partners.  

You can learn more about our three pillars of Responsibility here and contact our Responsibility team via responsibility@monjasa.com.

Oil and shipping group, Monjasa, has successfully completed its first blending and supply of marine biofuels in the UAE. The project was carried out in close collaboration with international energy company, Uniper and biofuel producer Neutral Fuels.

On 9 March 2022, the Monjasa-owned tanker, Monjasa Server (9,600-dwt), went alongside the Great Eastern Shipping Company tanker, Jag Prerana, off Dubai and successfully supplied a total of 233 metric tonnes of B20 biofuel. Ahead of delivery, the product blending was performed on board the Monjasa Server.

B20 biofuel blend consists of 20% biodiesel made exclusively from cooking oil waste and 80% VLSFO and meets ISO 8217 marine fuel standards.

Enabling the logistics of tomorrow’s fuels

Monjasa is determined to take an active part in meeting IMO’s future carbon emission reduction targets, which depends completely on the ongoing and future transition to alternative fuels.

Group Responsibility Director, Jesper Nielsen said: “Monjasa’s role in this transition is to become an enabler of the logistics of environmentally friendly fuels. In oil and shipping we are all connected and the journey towards offering alternative fuels at scale relies on forming new partnerships and exploring where Monjasa can add most value to the maritime infrastructure in the short, medium and long term.”

“By promoting new partnerships with Uniper and Neutral Fuels, Monjasa is present throughout the supply chain to understand the full spectrum of logistics”

Partnerships is key to achieving biofuels at scale

Commercial Director at Monjasa Middle East & Africa, Moustapha El Maghlouk, said: “By promoting new partnerships with Uniper and Neutral Fuels, Monjasa is present at the production site and throughout the supply chain to understand the full spectrum of logistics needed to make this project a success. With our combined synergies across fuel sourcing, production and logistics, we are confident of building a scalable biofuel option and we are already receiving interest for biofuel-blends from several shipping companies operating in the Middle East.”

Emanuele Gallone, Business Development Manager at Uniper Energy DMCC said: “We are thankful to Monjasa for successfully enabling the logistics and ensuring progress on our joint mission to support the decarbonisation of the shipping industry. Handling biofuels differs significantly from traditional marine fuels and it has been important to Uniper to guarantee safe and seamless delivery at sea to the end user together with Monjasa.”

Complementing industry’s first CO2-emission reports

While becoming an enabler for customers to reduce their carbon footprint through biofuel blends, Monjasa also provides transparency on CO2-emissions across fossil-based fuel products delivered. Through a unique industry role between upstream partners and downstream end users, Monjasa has developed a level of granularity that for the first time provides shipowners with accurate and real-time CO2 emissions-data linked to each individual fuel order placed with Monjasa.

For further information, please contact Commercial Director, Moustapha El Maghlouk, based at our Dubai office.

For the 5^th consecutive year, oil and shipping group, Monjasa, recorded an increasing demand for its global marine fuels services. The Group concluded the financial year 2021 with a net profit of USD 22m and improved the consolidated equity to a total of USD 155m.

Years of uncertainty and disrupted supply chains has shown how global trade plays an increasingly critical role in tying the world together. During such times, the Group is pleased to conclude 2021 delivering a record-high volume of 5.7m metric tonnes (2020: 4.9m mts) of marine fuels to shipowners and operators worldwide.

“Above all, we are very satisfied with our continuous positive financial results”

In fact, from supplying 3.5m mts in 2017, Monjasa has increased total volume by 63% in five years earning a solid position among the world’s top 10 largest marine fuel suppliers.

Group CEO, Anders Østergaard:

“Above all, we are very satisfied with our continuous positive financial results, also considering recent years’ volatile global trade environment. Our steady performances allow us to keep evolving our business around what we know best, which is providing maritime logistics and making our business personal across shipping communities in every port.  

Looking ahead, Monjasa will continue to observe and navigate the markets around us and use our experience to match supply and demand throughout the volatile and turbulent markets and structures.”

A year of record-high volumes

The record-volume was obtained across all regions and most notably in the Americas. Here, a soaring demand across US ports and expansion of Monjasa’s own supply operations in the Panama Canal, Colombia and the Port of Houston bolstered regional supply of a total of 1.95m mts (2020: 1.4m mts).

Launching the industry’s first CO2 emissions reporting

During the year, important progress was also made under the Group’s Responsibility framework by establishing full transparency on Monjasa’s own climate impact by applying the Greenhouse Gas (GHG) Protocol Standards. Coupling this knowledge with a unique role between upstream partners and downstream end consumers, the Group established a level of granularity that provides customers with accurate real-time CO2 emissions reporting linked to each individual fuel order placed with Monjasa.

Annual Report 2021 highlights

• Total volume: 5.7m mts (2020: 4.9m mts)
• Total revenue: USD 3.2bn (2020: USD 2bn)
• EBIT: USD 29m (2020: USD 34m)
• Net profit: USD 22m (2020: USD 30m)
• Consolidated equity: USD 155m (2020: USD 136m)
• Total number of supply operations: 12,266 (2020: 11,809)
• Fleet: 22 tankers (2020: 20 tankers)     

Global oil and shipping group, Monjasa, announces further expansion across Asia with a new permanent location in Shanghai, China opening March 2022.

Monjasa has been a well-established partner to the Asian shipping industry since 2008 with two current offices in Singapore and Vietnam.

The decision to enter China is propelled by an increasing number of Chinese customers and strong confidence in China’s continued positive developments as a maritime nation and shipping hub.

Soaring demand across Asia  

A continuously thriving Asia Pacific shipping industry and the world’s 10 largest seaports all located in Asia, reflect the region’s powerful maritime development.

For Monjasa, the combination of high activity levels and influx of new Asian-based customers has seen  marine fuels demand soar by 125% from 400,000 tonnes in 2019 to a total of 900,000 tonnes in 2020.

“We are excited about supporting Chinese shipping worldwide from Shanghai“

“Supporting Chinese shipping worldwide”

“We are very ambitious about our new daily presence in Shanghai. We are here to match supply and demand locally and at the same time offer Monjasa’s maritime logistics in other key shipping destinations such as the Panama Canal and West Africa.

We are experiencing Chinese shipping companies eager to move closer to their fuel suppliers and the entire supply chain. As a shipowner and marine fuels supplier, we believe that Monjasa meets these demands by taking ownership and being transparent about how our products are being sourced, shipped and supplied.

With 12 sister offices and 25 vessels in our fleet, we are excited about supporting Chinese shipping worldwide from Shanghai,” says General Manager in Singapore, Morten Ostergaard Jacobsen.

Monjasa appoints Micchi Chen

Monjasa has a history of building strong personal relationships across local shipping communities where mutual opportunities for fuelling global trade arise.

In Shanghai, Micchi Chen joins Monjasa as new Marketing Executive and will play an important role in securing a steady-developing Monjasa presence in China. Micchi Chen holds an educational background from Shanghai Maritime University and the University of Sydney, Australia. In addition, she brings professional experience from the Chinese bunker industry coming from a similar position at World Fuel Services.

New visiting address
Monjasa China
3/F, 139-1 Ruijin 1st Rd,
Huangpu district, Shanghai 200020