Monjasa said the decision to set up a presence in China was propelled by an increasing number of Chinese customers and strong confidence in China’s continued positive developments as a maritime nation and shipping hub.
The combination of high activity levels and influx of new Asian-based customers has seen marine fuels demand soar by 125% from 400,000 tonnes in 2019 to a total of 900,000 tonnes in 2020.
Monjasa has two existing offices in Singapore and Vietnam, and has been in the market since 2008.
“We are very ambitious about our new daily presence in Shanghai. We are here to match supply and demand locally and at the same time offer Monjasa’s maritime logistics in other key shipping destinations such as the Panama Canal and West Africa. We are experiencing Chinese shipping companies eager to move closer to their fuel suppliers and the entire supply chain,” said Monjasa Singapore General Manager Morten Ostergaard Jacobsen.
“As a shipowner and marine fuels supplier, we believe that Monjasa meets these demands by taking ownership and being transparent about how our products are being sourced, shipped and supplied. With 12 sister offices and 25 vessels in our fleet, we are excited about supporting Chinese shipping worldwide from Shanghai,” he added.
In Shanghai, Micchi Chen joins Monjasa as new Marketing Executive and will play an important role in securing a steady-developing Monjasa presence in China. She brings experience from the Chinese bunker industry coming from a similar position at World Fuel Services.
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