29AUG2019 - NEWS - Monjasa acquires full ownership of five bunkering vessels

Danish owner Monjasa has acquired the full ownership of five bunkering vessels in order to meet the growing demand for low sulphur fuel bunkering, a result of upcoming IMO 2020 regulations which will become effective bon January 1.

All five tankers will be deployed for continued bunker operations in Monjasa’s core markets in the Arabian Gulf, West Africa and the Panama Canal. Four of the five tankers have previously been on bareboat charter by Monjasa.

“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,” the company said in a release.