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) 
Osprey Energy logo. Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands  

Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.
EUA prices dropping graphic. KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs  

Marine fuel firm says timing carbon allowance purchases can reduce costs as EU emissions scope expands.
RINA employee in control room. RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries  

Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.
Amadeus Titanium vessel. HGK Shipping’s Amadeus Titanium fitted with wind assistance system  

Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.
Sebastian Weder, Bunker One. Bunker One expands physical supply operations to Tallinn and Finland  

Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.
LNG shore-to-ship bunkering operation. Sawgrass LNG & Power completes first shore-to-ship LNG bunkering at Port Everglades  

Operation fuelled Ritz-Carlton Yacht Collection vessel Ilma on March 26, marking expansion of marine LNG infrastructure.
Avenir Ascension alongside Peter Pan vessel. Avenir LNG completes first ship-to-ship LNG bunkering of ferry in Klaipeda  

Operation marks Lithuania’s first STS LNG bunkering of a ferry, expanding Avenir’s Baltic operations.
Aura Marine webinar on ammonia as marine fuel. Auramarine to host webinar on ammonia fuel supply systems and safety considerations  

Finnish marine equipment provider schedules 16 April session on ammonia as an alternative fuel for shipping.
Green maritime fuel training programme. Hong Kong launches world’s first government-led green maritime fuel trainer programme  

Three-day course aims to certify trainers in alternative fuels, including ammonia, methanol and hydrogen.
VPS logo. The emergence of B100 FAME in a volatile distillate market | Paul Hoather, VPS  

VPS UK Sales Manager provides recommendations following increased B100 usage due to price dynamics.

↑  Back to Top


 Recommended