Kicking off the MOST programme
These days we welcome our first batch Monjasa Oil & Shipping Trainees (MOST) representing Monjasa offices in the US, Cyprus, Denmark and Singapore.
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Monjasa acquires full ownership of African Sprinter
“Looking beyond IMO’s 2020 Sulphur Cap, our West Africa operation allows continued blending and supply of multiple grades of bunker fuels along with occasional onshore cargo imports in the region,” Anders Østergaard concludes.
Expanding physical supply presence to Northern France
Monjasa expands its reach to Northern France and goes from two to three supply vessels in Northwest Europe. Providing a niche market alternative to the Amsterdam-Rotterdam-Antwerp (ARA) bunker hub has proven relevant for a growing number of customers and volumes are increasing.
Steadily growing demand in the English Channel allows Monjasa to expand its services beyond the UK to cover Northern France as well.
Monjasa is able to cover port areas from Dunkerque, Calais, Dieppe, Le Havre and all the way to Brest. The first bunker stems were completed in Le Havre and Calais last week and were all in the range of 1,400 to 1,750 metric tonnes.
The two vessels MT Fredericia and MT Skaw Provider are currently engaged in the English Channel bunker services.
Steadily growing demand in the English Channel allows Monjasa to expand its services beyond the UK to cover Northern France as well.
An alternative to ARA is in demand
Monjasa took over oil terminal operations in Portland Port after Aegean in 2015 with the aspirations of building a niche market alternative to the well-established ARA bunker hub.
“Flexibility and short waiting time make the less crowded port areas in the Channel appealing alternatives to taking bunkers in ARA. As an example, we see VLCCs profiting by this solution in connection with short term berthing at oil terminals in Rotterdam, where bunkering is not an option. We are satisfied with the current development considering the continuous challenging shipping markets,” says Svend Mølholt, Monjasa Group COO.
MT Vinga Safir joins the fleet in Denmark
Because of the English Channel expansion, Monjasa adds the Turkish built 2,700 dwt MT Vinga Safir to the Northwest Europe fleet.
Previously operated by Stena Oil, Vinga Safir is already a well-known vessel in the Skaw area north of Denmark, where she completed her first bunker deliveries for Monjasa on 2 July 2018.
Based on total market estimates and most recent sales volumes, Monjasa today covers approximately 20% of the Skaw bunker market.
Facts about M/T Vinga Safir
- Double hull oil tanker
- Dwt: 2,700
- Year built: 2000, Turkey
- Flag: Faroe Islands
- Experienced bunker vessel and crew
- Oil major vetted
For fuel oil and gas oil inquiries please contact our Trading department in Fredericia.
Monjasa Acquires Tonnage for Northwest Europe Operations
Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel. Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the ceaseless high performance of the vessel now leads to definitive Monjasa ownership.
In 2016, Monjasa established a niche market in the English Channel as an alternative for shipowners and operators taking bunkers in the ARA hub. In this setup, MT Fredericia plays a significant role and currently performs exclusive bunkering operations in the Portland, Tongue Anchorage and Falmouth areas.
Full ownership of sourcing, storage and supply
The MT Fredericia is a 2008 purpose-built bunker tanker and from her current position she will continue fuelling vessels entering and exiting the SECA zone.
“We are seeing a steady demand for our services in the UK and this is also the reason why we decided to acquire the vessel. Monjasa now gains full ownership of the supply chain as we already control all sourcing and storage of oil products at our oil terminal in Portland Port,” says Group CEO, Anders Østergaard.
“We are seeing a steady demand for our services in the UK and this is also the reason why we decided to acquire the vessel. Monjasa now gains full ownership of the supply chain as we already control all sourcing and storage of oil products at our oil terminal in Portland Port,” says Group CEO, Anders Østergaard.
Busy cruise ship season ahead
As part of the operations, MT Frederica currently completes several weekly supplies to cruise ships in nearby Southampton, which is one of the world’s busiest cruise ports. Monjasa has experienced an increase in number of fuel deliveries to this particular customer segment over the past two years and this summer prospects a busy period ahead for the vessel and her crew.
In 2017, Monjasa supplied 700,000mts of marine fuel across Northwest Europe – equivalent to 19% of Monjasa’s 3.5 million mts. total supply volume.
Facts about MT Fredericia
- Purpose-built double hull bunker tanker
- Year built: 2008
- DWT: 3,600
- LOA: 83.40m
- Beam: 13m
For fuel oil and gas oil inquiries please contact our Trading department in Fredericia.
Monjasa Appoints DNV-GL Ahead of 2020 Sulphur Cap
The bunker industry is growing increasingly complex these years. To better fit and surpass new regulations and operational requirements, Monjasa has since 2013 invested a lot of resources to ensure that we operate in a way that secures commitment to Health, Safety, Environment and Quality (HSEQ) backed by the International Organisation of Standardisation (ISO).
Today, our combined commitment to ISO 9001:2015, 14001:2015 and OHSAS 18001:2007 makes us stand out in the bunker industry.
To better fit and surpass new regulations and operational requirements, Monjasa has since 2013 invested a lot of resources to ensure that we operate in a way that secures commitment to Health, Safety, Environment and Quality (HSEQ) backed by the International Organisation of Standardisation (ISO).
Appointing DNV-GL as new external auditor
Since Monjasa’s first certification process in 2014, Bureau Veritas has conducted the external audits across the Group. However, this year Monjasa has transferred its ISO-certificates to leading global quality assurance and risk management company DNV-GL.
The Monjasa Group decided to change auditors because we were presented with a dynamic partnership model for auditing across our global organisation. Also, following four years with solid cooperation with Bureau Veritas, the time is right to explore new learning opportunities and to further improve.
Starting discussions on quality with suppliers and customers
“With everyone in the shipping industry busy preparing for IMO’s 2020 Global Sulphur Cap, the importance of quality management from sourcing to delivery is only going to increase. In our day-to-day business, our ISO certified management systems allow us to start a dialogue with our suppliers and customers around quality and to document our efforts and progress,” explains Group COO, Svend Mølholt.
Positive Financial Performance in 2017
2017 was in many ways a positive year for the Monjasa Group. We experienced improved profitability in our operations and we continued making progress in optimising operational expenditures. Together, this led to a financial turnaround compared to an unsatisfactory 2016.
New Oil & Shipping Trainee programme
A high paced transformation is taking place in the bunker industry. Complex and more diverse markets are unfolding and by rethinking Monjasa’s educational approach, we seek to set and redefine the global standards for the benefit of both Monjasa and the industry.
Respect
We must accept challenges and solve them and thereby attain respect; as a professional company and as individuals in general. Our corporate culture shall originate in mutual respect; towards our business partners, our professional tasks and internally colleague-to-colleague within our organisation.
Ambition
We must never lean back and let satisfaction with obtained results become our attitude. Our corporate culture shall be accompanied by a will to improve and do better. Better than others – and better than we did last time.
Smile & Joy
It must be fun to work! Every day we are top-serious and professional, yet it is important that we maintain room for our sense of humour and mutual smiles; both internally and towards our business partners. We believe that smiling and laughing is an invaluable part of our working day and in this respect, we very much believe in ‘what you give is what you get’. By maintaining this culture, we believe that we can continue to be our employees’ preferred hobby.
