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Monjasa acquires new tanker from Golden-Agri Stena for cargo and bunkering operations

Monjasa Server, the Denmark based shipping company, has announced its new acquisition of a 2009-built 9,600 dwt tanker from Golden-Agri Stena. Scheduled for November 2020, the tanker is set for cargo and bunkering operations in the Arabian Gulf.

With the Monjasa Server’s deployment, it will help boost Monjasa’s marine fuel operations across the Middle East which currently has four tankers ranging between 4,000 and 10,000 dwt. Out of 4.5m tonnes total volume, Monjasa supplied 600,000 tonnes of marine fuels across the Middle East in 2019 that accounted for 13% of the group’s 4.5m tonnes total volume.

The Monjasa Server will also increase operational flexibility by allowing multiple fuel grades onboard as it is equipped with deepwell pumps and five tank segregations. According to Seatrade Maritime News, the vessel has a capacity for matching 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.

Anders Østergaard, CEO of Monjasa said, “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.”

Till date, out of the 20 tankers managed by Monjasa globally, the group fully owns 11 of them. The group is emphasising on both operational and financial flexibility by ensuring that there is a right mix of chartered and own tankers.

 

Source:

Seatrade Maritime News

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