Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Tue 24 Nov 2020, 12:19 GMT

Monjasa adds tanker to bolster Middle East operation


Newly acquired Monjasa Server to operate along the east coast of the Arabian Peninsula.

The 9,600-dwt tanker Monjasa Server, acquired from Golden-Agri Stena, features five tank segregations for the storage of multiple fuel grades.
Image credit: Monjasa
Monjasa has strengthened its marine fuel operation in the Middle East with the addition of the oil and chemical tanker Monjasa Server.

The 9,600-deadweight-tonne (dwt) vessel, which was acquired from Golden-Agri Stena, is set to start carrying out cargo and bunkering operations along the eastern coast of the Arabian Peninsula from November.

Equipped with deepwell pumps and five tank segregations for the storage of multiple fuel grades, the Monjasa Server increases the supplier's operational flexibility. It handles demand for transporting oil cargoes from the Fujairah bunkering hub to the key ports of Dubai, Abu Dhabi and Sharjah, as well as performing ship-to-ship refuelling operations.

Balancing a fleet of owned and chartered tankers

The latest vessel addition joins Monjasa's four other tankers carrying out bunkering operations in the Middle East, ranging between 4,000 and 10,000 dwt.

Overall, Monjasa controls some 20 tankers globally, of which 11 are fully owned.

The Danish group says it aims to have the right mix of chartered and owned tankers to ensure both operational and financial flexibility.

Commenting on the firm's overall strategy regarding the ownership of maritime logistics, Group CEO Anders Østergaard explained: "During the past years, we have actively pursued additional ownership of the supply chain through an increasing percentage of owned tonnage across our fleet.

"We have seen how the IMO 2020 sulphur cap sparked further market interest in how the new fuel products are being sourced, shipped and supplied. This most recent acquisition fits well with our ambitions and matches market demand in terms of cargo capacity and high technical specifications."

Positive performance figures

In its annual report for 2019, Monjasa posted a net profit of $26.5m, an increase in revenue to $2.19bn, a 9.8 percent jump in supply volume to 4.5m tonnes, and a rise in consolidated equity to $135m.

The bunker seller delivered 600,000 tonnes of marine fuel across the Middle East last year - equivalent to 13 percent of its total volume - whilst the region's key port of Fujairah was ranked fifth in Monjasa's list of top-selling ports.

M/T Monjasa Server specifications

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

Monjasa   Fujairah (AE) 
World Fuel logo. World Fuel seeks marine lube operations and sales executive in Greece  

US firm is recruiting for a commercial role focused on marine lubricants, based out of its Glyfada office.
ECSA Parliamentary Breakfast event. European shipowners call for fuel supplier mandates and ETS revenue investment ahead of policy revision  

Industry body urges EU policymakers to redirect carbon revenues into clean marine fuel production.
Coral Energy vessel at Klaipeda LNG terminal. Gasum secures LNG terminal capacity at Klaipėda through 2040  

Nordic energy company locks in long-term LNG supply access to serve northwestern European markets.
Torm Corrido vessel. Chimbusco Pan Nation extends B100 biodiesel bunkering to oil tankers as quarterly volumes triple  

Hong Kong bunker supplier CPN says Q2 B100 deliveries have exceeded Q1 totals by more than 300%.
TMD Energy Limited logo. TMD Energy extends bioenergy MOA with Double Corporate by two years  

Malaysian bunkering firm seeks to advance waste-to-energy marine fuel collaboration in EU and Asian markets.
Antwerpen vessel. Exmar takes delivery of world’s first dual-fuel ammonia oceangoing vessel  

Belgian shipowner Exmar has taken delivery of what it says is the first oceangoing vessel powered by a dual-fuel ammonia engine.
Seaglider vessel render. MOL and JAL partner with Lloyd’s Register and REGENT to advance Seaglider certification in Japan  

Four organisations join forces to establish regulatory pathways for electric wing-in-ground craft ahead of a targeted 2030 commercial launch.
Geoff Wagner and Byung-Hun Kwon. ABS and HD Hyundai entities secure battery hybrid approval for 16,000-teu container vessel  

Approval in principle issued for electrical design of ultra-large container ship at Posidonia.
Steel cutting ceremony of vessel with builder's hull no. H1955A. Keel laid for world’s largest LNG carrier at China’s Hudong-Zhonghua shipyard  

Construction begins on a 271,000-cbm QC-Max vessel, the largest LNG carrier ever built.
Mercedes Pinto vessel truck-to-ship (TTS) bunkering. Port of Las Palmas completes first LNG bunkering operation  

Baleària Canarias’ new fast ferry receives LNG via tanker truck in milestone delivery.

↑  Back to Top


 Recommended