Business

Monjasa reports 12% increase in bunker sales volume in 2022

Total volume of marine fuels supplied to shipowners and operators worldwide increased to 6.4 million tonnes (mts) in 2022 from 5.7 million mts in 2021, according to firm’s annual report.

Published

2 years ago

May 24, 2023

Admin

Global oil and shipping group Monjasa Holding on Tuesday (23 May) said the combination of historically strong shipping markets, high volatility and disrupted global trade flows during 2022 contributed to a dynamic marine fuels market affecting the firm positively.

“The marine fuels supply chain was put to the test in ports around the world, however, with the right organisation and maritime operations in place, Monjasa was able to support customers and suppliers during critical moments,” the firm said on its Annual Report 2022.

“For Monjasa, this meant gaining market share at higher margins reflecting the increased volatility and imbalanced supply and demand.”

Total volume of marine fuels supplied to shipowners and operators worldwide increased by 12% to 6.4 million tonnes (mts) in 2022 from 5.7 million mts in 2021.

The total revenue increased to USD 5.5 billion from USD 3.2 billion in 2021 and a net profit of USD 171 million from USD 22 million the year before.

From supplying 3.5 million tonnes in 2017, Monjasa said it has increased total volume by 83% in five years and sustained a solid position among the world’s top 10 largest marine fuel suppliers.

Group CEO, Anders Østergaard, said: “We are very satisfied with the achieved results and to record a 12% volume increase during a year of highly imbalanced oil and shipping markets. For Monjasa, the past year has been all about supporting our customers by matching the fast shifting supply and demand in key shipping hubs around the world –with our end-to-end logistics and fleet of 30 vessels as a decisive enabler.

“Monjasa’s organisation builds on the ability to observe and navigate the world and markets around us.

Last year, we saw how this approach along with strong internal collaboration resulted in Monjasa being more in demand than ever before. In combination with our significantly improved financial foundation this puts Monjasa in a favourable position to keep exploring important industry agendas such as the green shipping transition together with our partners.”

Annual Report 2022 highlights

Total volume: 6.4 million mts (2021: 5.7m mts)
Total revenue: USD 5.5 billion (2021: USD 3.2 billion)
EBIT: USD 186 million (2021: USD 29 million)
Net profit: USD 171 million (2021: USD 22 million)
Consolidated equity: USD 323 million (2021: USD 155 million)
Solvency ratio: 46% (2021: 31%)
Fleet: 30 tankers and barges (2021: 23 tankers)
Total number of supply operations: 13,425 (2021: 12,266)
Total number of ports served: 817 (2021: 737 ports)

Photo credit: Monjasa
Published: 24 May, 2023

Safety

Singapore: MPA urges port users to stay vigilant during monsoon surge

Moderate to heavy showers and strong winds are expected from 19 to 21 March due to a north-east monsoon surge and as such, vessels must be properly secured for sea at all times, says MPA.

Published

15 hours ago

March 20, 2025

Admin

The Maritime and Port Authority of Singapore (MPA) on Wednesday (19 March) has reminded owners, agents and masters of vessels to stay vigilant from 19 to 21 March due to a north-east monsoon surge.

“Moderate to heavy showers, and strong winds are expected during this period. Vessels must be properly secured for sea at all times,” MPA said in a port marine notice.

“The life-saving and firefighting equipment onboard must also be in good working condition and in accordance with the International Code for the Safety of Life at Sea (SOLAS) regulations,” it said.

“Crew members shall be familiar with all emergency procedures, especially when embarking and disembarking passengers during adverse weather conditions. Vessels should maintain safe speeds, observe International Regulations for Preventing Collisions at Sea (COLREGs).”

Masters of vessels are reminded to keep a safe anchor watch.

Photo credit: Manifold Times
Published: 20 March, 2025

Alternative Fuels

Hong Kong-based Sun Ferry takes delivery of diesel-electric ferry “Xin Ming Zhu 30”

New vessel, designed by Incat Crowther and constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard, will serve inter-island commuter and tourism operations across Hong Kong.

Published

16 hours ago

March 20, 2025

Admin

Hong Kong-based Sun Ferry takes delivery of diesel-electric ferry “Xin Ming Zhu 30”

Global digital shipbuilder Incat Crowther on Wednesday (19 March) said Hong Kong-based ferry operator Sun Ferry has taken delivery of Xin Ming Zhu 30, a new, 35-metre diesel-electric ferry.

The new vessel, designed by Incat Crowther and constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard, is the third vessel to join a fleet of seven new vessels designed by Incat Crowther for the mass transit operator.

The vessel will serve inter-island commuter and tourism operations across Hong Kong, connecting Peng Chau, Mui Wo, Chi Ma Wan and Cheung Chau.

The 300-seat passenger ferry boasts Veth azimuth thrusters that provide high manoeuvrability at operating speeds of 14 knots. The adoption of this technology makes the vessel suitable for berthing at piers on inter island routes.

The vessel is also fitted with 72 solar panels providing 7.5 kilowatts of on-board power.

Sam Mackay, Technical Manager at Incat Crowther, said: "This vessel reflects Sun Ferry’s commitment to future focused design solutions that not only meet operational needs, but that exceed customer expectations.”

“With diesel-electric propulsion, solar technology, and passenger-centric design, it sets a new benchmark for sustainable and efficient ferry services in Hong Kong.”

The delivery of the 35-metre hybrid vessel follows the delivery of two 45-metre conventional diesel-powered vessels to Sun Ferry. The final three vessels, all 45-metre vessels, will be delivered by the end of 2025. All vessels in the fleet have been designed by Incat Crowther and built by AFAI Southern Shipyard.

Photo credit: Incat Crowther
Published: 20 March, 2025

Biofuel

PRIO delivers Eco Bunkers B30 to two cargo ships at ports in Portugal

Company supplied the bio bunker fuel, a product containing 30% renewable raw materials, to “BBC Lisbon” at Port of Aveiro on 3 March and to “ANNA” at Port of Leixões on 18 March.

Published

16 hours ago

March 20, 2025

Admin

PRIO delivers Eco Bunkers B30 to two cargo ships at ports in Portugal

Biofuels producer PRIO on Wednesday (19 March) said it carried out Eco Bunkers B30 fuel deliveries to shipping company Briese Chartering in collaboration with its partner UFS Unites Fuel Services this month.

On 3 March, PRIO supplied the biofuel to cargo vessel BBC Lisbon at the Port of Aveiro and to another cargo vessel, ANNA, at the Port of Leixões on 18 March.

“With these two Eco Bunkers B30 deliveries, a product containing 30% renewable raw materials, PRIO enabled Briese Chartering to reduce around 60 tons of CO2 in just two port calls in Portugal,” it said in a social media post.

“Produced at PRIO’s Aveiro plant, biodiesel has the potential to reduce GHG emissions by approximately 88% compared to fossil fuels.”

“PRIO has been demonstrating its commitment to decarbonising the maritime sector by supplying more sustainable products, ranging from 1% to 100% renewable content.”

Manifold Times previously reported PRIO launching its ECO Bunkers B30 biofuel in partnership with Norwegian Cruise Line Holdings and World Fuel Services.

PRIO previously launched ECO Bunkers B15, a green fuel for ships with 15% biodiesel and the company then launched a 20% biofuel blend, ECO Bunkers E20.

Photo credit: PRIO
Published: 20 March, 2025