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Monjasa reports 25% increase of bunker fuel supply volumes in Singapore and Vietnam

13 May 2020

Global oil and shipping group Monjasa Ltd on Wednesday (15 March) said its Singapore and Vietnam offices increased total supply volumes by 25% in 2019 when compared to 2018. 

A total of 520,504 metric tonnes of marine fuels were distributed across 138 Asian ports, it noted on the company’s social media platform. 

“We are not the largest marine fuels supplier in this great shipping hub,” said Morten Jacobsen,  General Manager, Singapore.

“But we enjoy what we do, and we keep attracting new trading profiles like Kristine Goh, who recently joined the team and will help us further develop our services in the larger shipping hubs. 

“Surely, our personal relations play a big part of the increasing demand for our solutions.” 

Monjasa’s Chief Representative in Vietnam, Jimmy Nguyen, also reported stable developments across emerging markets like Vietnam, Thailand and Bangladesh.

“In less crowded ports like Ho Chi Minh, Koh Sichang or Chittagong it is often a matter of personal relations to ensure supplier vetting against Monjasa’s quality standards and get the actual fuel supply arranged,” said Nguyen. 

“These are all niche markets with smaller volumes, but big impacts for the single ship owner or operator.”  

Photo credit: Monjasa
Published: 13 May, 2020

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