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Monjasa acquires new bunker tanker for Middle East operations

MT Monjasa Server_Courtesy of Monjasa.jpg
Denmark-based Monjasa has acquired the 9,600-dwt oil and chemical tanker Monjasa Server from Golden-Agri Stena.

The bunker tanker is set for cargo and bunkering operations in the Arabian Gulf by November 2020.

Formerly known as the GS Adventure, the Monjasa Server will boost Monjasa’s marine fuel operations across the Middle East, which currently consist of four tankers ranging between 4,000 dwt and 10,000 dwt.

Equipped with deepwell pumps and five tank segregations allowing multiple fuel grades onboard, Monjasa Server increases operational flexibility. Capacity-wise she matches 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.

In 2019, Monjasa supplied 600,000 tonnes of marine fuels across the Middle East - equivalent to 13% of Monjasa’s 4.5m tonnes total volume.

“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,” said Andres Ostergaard, group ceo of Monjasa.

Monjasa controls some 20 tankers globally of which 11 are fully owned, maintaining its strategy of having a mix of chartered and owned tankers for flexibility.

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