Monjasa Acquires Largest Tanker for West Africa Operations

by Admin
Monjasa double acquisition for west africa

Global oil and shipping group, Monjasa, remains active in the market for second-hand tonnage following the acquisitions of three tankers earlier this year. Today, Monjasa reveals additional ownership of the two tankers, Monjasa Leader (68,589-dwt) and Monjasa Refiner (13,051-dwt) for floating storage and bunker operations in West Africa.

Increasing Number of Owned Vessels

Since 2018, the number of Monjasa-owned vessels has increased from five to 13 to ensure highly specialised operational standards, while at the same time lowering overall operating costs.

To realise the ambition of extended fleet ownership, the Monjasa Group has significantly extended its technical ship management capacity. This has been done through further development of the in-house company, Montec, which today comprises 20+ maritime specialists based in Dubai.

Group Shipping Director, Torben Maigaard Nielsen Says:

“The Monjasa Leader becomes our largest fleet member and represents our single most important tanker acquisition ever. Given the limited opportunities of storing fuel products ashore, our floating storage solution is the backbone of our West Africa marine fuels operations and allows for our supply tankers to frequently go alongside the vessel to load cargo. Providing maritime end-to-end logistics in West Africa is a challenging task, but we are confident that our two new vessels bring the efficiency and flexibility needed.”

Delivery and Dry Docking in Algeciras and Bremerhaven

Monjasa recently took delivery of the two vessels Monjasa Leader (formerly Cabo San Antonio) in Algeciras, Spain and Monjasa Refiner (formerly Saturn) in Bremerhaven, Germany respectively.

Both tankers were then dry docked for renewal surveys, name change and subsequent hull blasting and painting matching the Monjasa fleet design.

Fleet Reshuffle and Monjasa Runner Farewell

Later this month, Monjasa Leader replaces SKS Dokka (119,456-dwt), which has served Monjasa on time charter for the past three years.   

At the same time, Monjasa has finalised the selling process of the 13,781-dwt oil and chemical tanker, Monjasa Runner, which will be repositioned from West Africa to the Mediterranean Sea for continued operations with her new owners.

Overall, the Middle East & Africa accounts for 27% of Monjasa’s total volume of 6.4m tonnes of bunkers supplied in 2022, while Monjasa’s fleet comprises some 30 tankers and barges deployed worldwide.

MT Monjasa Leader
Year built: 2008
Flag: Liberia
Type: Oil tanker
IMO: 9346469
Dwt: 68.589
LOA: 228m
Beam: 32.6m
MT Monjasa Refiner
Year built: 2009
Flag: Liberia
Type: Oil & chemical tanker
IMO: 9400851
Dwt: 13.051
LOA: 128.6m
Beam: 20.4m

About Monjasa

Monjasa means personal business in the oil and shipping industries. Our core business includes trading and physical supply of marine fuels, oil terminal operations and ship-owning activities on a global scale. Monjasa was established in Denmark in 2002 and has developed into a global top 10 marine fuels supplier. Today, we employ 600+ Traders and other maritime specialists and total revenue reached USD 5.5bn in 2022 – equivalent to 6.4 million tonnes of marine fuels supplied.

With office locations in Europe, the Americas, the Middle East & Africa and Asia we are present in all major time zones and always within reach. We are servicing industry leading shipping companies locally and globally in more than 800 ports worldwide and our fleet of some 30 tankers and barges has helped us reach prominent positions in remote and hard-to-reach markets in West Africa, Panama, USA, Northwest Europe and in the Middle East.

Source Monjasa