28AUG2019 - NEWS - Monjasa acquires full ownership of five tankers ahead of IMO2020

Monjasa secures five tankers with a total 37,500 deadweight and thereby extends ownership of the supply chain across core markets in the Arabian Gulf, West Africa and the Panama Canal at a critical point of time in bunkering and shipping.Shipowners around the world are tightening marine fuel supplies ahead of the IMO2020 low-sulphur fuel transition effective by 1 January.With global marine fuel logistics expected to be challenged on parameters such as flexibility and storage capacity due to the introduction of the new Very Low Sulphur Fuel Oil (VLSFO) products, Monjasa is active securing the right tonnage for its long-term bunker operations