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.
Oil and shipping group, Monjasa, currently operates a global fleet of some 20 chartered and owned tankers of various capacities.
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.
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).
Monjasa has been a local partner to the Danish shipping community since opening a permanent office in Copenhagen in 2013.
Years of preparation for the upcoming IMO 2020 regulations was condensed into Monjasa’s first ship-to-ship supply of the new bunker fuel with a maximum 0.5% sulphur content. The operation was completed in Southampton, UK and included supply of VLSFO and MGO.
Monjasa secures five tankers with a total 37,500 deadweight and thereby extends ownership of the supply chain across core markets in the Arabian Gulf, West Africa and the Panama Canal at a critical point of time in bunkering and shipping.
As acting Executive Vice President of DFDS’ Ferry Division, Peder Gellert Pedersen brings 40 years of hands-on experience with international maritime shipping.
The 2018 Annual Report shows 17% increase in sales volume reaching 4.1m tonnes of marine fuels and a positive net result of USD 5m. Coupled with the entry of new banking partners and closer relations with oil majors, the Monjasa Group improved its business fundamentals during the year.
Following 11 years of presence in Singapore, Monjasa now expands further across Southeast Asia.
Vietnam is in the midst of an economic upturn sending ripple effects to the shipping industry as well. Thus, we feel that now is the right time to make the move and build further on our local relations.
