Monjasa bolsters Middle East and West Africa business

The 19,991 dwt Monjasa Thunder and 7,991 dwt Monjasa Shipper will start operations during this month.

Monjasa has already taken delivery of Monjasa Thunder (formerly Solando) in Riga, Latvia and Monjasa Shipper (formerly Pearl Mercury) in Singapore, and the two tankers are currently inbound Lomé, Togo and Dubai, UAE respectively.

“We are pleased to seal these two acquisitions in a challenging tanker market. Both vessels are very well-maintained and highly functional additions to our existing fleet of tankers. In fact, as part of Monjasa Thunder’s current voyage to West Africa, we successfully completed the first cargo operation in Rotterdam. Here, we experienced the ship’s high-efficiency potential and in today’s tanker market it is not an easy task to find quality second-hand tonnage,” said Group Shipping Director, Torben Maigaard Nielsen

Capacity-wise both tankers match the demand for performing ship-to-ship refuelling operations and transporting oil cargoes and thereby further reinforcing Monjasa’s end-to-end logistics.

With a carrying capacity of around 20,000 dwt, Monjasa Thunder, is somewhat bigger than Monjasa’s existing West Africa tankers, which usually range between 8,000-13,000 dwt. This size positions her in the flexi tanker segment and thereby built to a high specification for moving cargoes.

Monjasa Shipper was built in 2018 and brings a very high operational standard. She can carry and segregate several different fuel grades, which fits well with Monjasa’s emerging biofuel activities in the UAE.

Monjasa’s Annual Report 2022 showed a 12% volume increase to a total of 6.4m tonnes of marine fuels supplied, and the new vessels are expected to further contribute to Monjasa’s maritime logistics and fleet which today consists of 30 tankers and barges deployed worldwide.

Overall, the Middle East & Africa account for 27% of Monjasa’s total volume of 6.4m tonnes of bunkers.

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Monjasa bolsters Middle East and West Africa business with double tanker buy