Monjasa acquires bunker tanker to boost West African operations

Operating a fleet of some 20 tankers worldwide, Monjasa is an active part of the global market for ship purchases, sales and chartering. Monjasa has been operating in West Africa for more than a decade and in 2017 Monjasa supplied around 1.5m tonnes of bunker fuels in the region.

“We are always in the market for quality oil and chemical tonnage for our physical bunker operations in Northwest Europe, Panama, the Arabian Gulf and West Africa. This was the right moment to assume definitive control of the African Sprinter and further strengthen ownership across our supply chain in West Africa”, said group ceo, Anders Østergaard.

“Looking beyond IMO’s 2020 Sulphur Cap, our West Africa operation allows continued blending and supply of multiple grades of bunker fuels along with occasional onshore cargo imports in the region,” he added.

“This acquisition is also an example of how the West Africa bunker market is developing. Just 10-15 years ago, West Africa was not able to offer a reliable bunker supply whereas today, the region offers quality tonnage and buying conditions matching Rotterdam, Las Palmas or South Africa.”

Monjasa currently has around 10 tankers deployed in West Africa, including the 120,000-dwt oil tanker SKS Darent, which serves as a floating storage off Lomé in the Gulf of Guinea. Together, this logistical setup makes Monjasa the largest regional supplier measured in volume and number of operating ships.

On 13 June, Monjasa also announced the acquisition of the 3,600 dwt tanker Fredericia for bunker operations in the English Channel.

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