The operations include a dedicated barge fleet supplying all grades of marine fuels, including new IMO 2020 compliant oil products.
Monjasa, a global oil and shipping group, has been a steady partner to the US shipping community since establishing an office in Stamford, Connecticut in 2011. Monjasa is now expanding into the US Gulf region with the Houston operation.
Positive experiences from establishing a controlled and reliable supply of marine fuels in the Panama Canal made Monjasa focus on Houston to provide the same customer experience in the US. Like Panama, the port of Houston is a highly competitive bunker market and Monjasa has invested much resources to navigate and find its niche among cargo suppliers, global customers and local partnerships.
“To enter a consolidated bunker market like Houston, we have to bring something new. I believe that our detailed knowledge of maritime logistics from the Panama Canal coupled with our existing close relations with global shipowners and operators sets us apart. With IMO 2020 just around the corner, market complexity is further increasing and by truly understanding the logistics surrounding each refuelling operation we become a relevant partner,” said Rasmus Jacobsen, managing director Monjasa Americas.
As one of the largest oil and shipping hubs in the world, the Houston Greater Area includes 12 different supply locations ranging across more than 400 km. The large distances leave room for several suppliers in niche markets within this massive port area.
The company is currently loading products from the Bostco oil terminal and supplying all grades of marine fuels from two dedicated barges. This includes new compliant Very Low Sulphur Fuel Oil (VLSFO), which already makes up the majority demand.
Monjasa Americas continues to experience a growing customer demand and expects total supply volume to increase by approximately 40% in 2019 reaching a total 1.2m tonnes of marine fuels.
In 2018, Monjasa supplied a total of 4.1m tonnes of fuel products across 601 ports worldwide.