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Monjasa posts 16% bunker volume growth in 2021

Photo: Monjasa Monjasa Supplier in the Panama Canal.jpg
For the fifth consecutive year Monjasa, recorded an increasing demand for its global marine fuels services and posted a 16% volume increase in 2021.

Last year the group delivered a record-high volume of 5.7m metric tonnes, compared to 4.9m mt in 2020, of marine fuels to shipowners and operators worldwide.

From supplying 3.5m mts in 2017, Monjasa has increased total volume by 63% in five years earning a solid position among the world’s top 10 largest marine fuel suppliers.

“Above all, we are very satisfied with our continuous positive financial results, also considering recent years’ volatile global trade environment.  Looking ahead, Monjasa will continue to observe and navigate the markets around us and use our experience to match supply and demand throughout the volatile and turbulent markets and structures,” commented Group CEO, Anders Østergaard

The record-volume was obtained across all regions and most notably in the Americas, where a soaring demand across US ports and expansion of Monjasa’s own supply operations in the Panama Canal, Colombia, and the Port of Houston, bolstered regional supply of a total of 1.95m mt, compared to 1.4m mt in 2020. The company has a fleet of 22 tankers.

During the year, important progress was also made under its responsibility framework by establishing full transparency on Monjasa’s own climate impact by applying the Greenhouse Gas (GHG) Protocol Standards. The company provides customers with accurate real-time CO2 emissions reporting linked to each individual fuel order placed.