In a recent development that showcases the expansion of global marine fuel traders, Danish-based firm Monjasa announced that it has kick-started supply operations at the world-renowned bunkering hub, the Port of Singapore. The company proudly disclosed that a dedicated tanker has been fully established in service at the Singapore operation, with plans to bolster the fleet with a further two tankers as we progress through the year.
More than Just Trading: Monjasa’s Growth in Asia
“Morten Østergaard Jacobsen, Managing Director Asia, elaborates, “Emerging from a 15-year-long stint as a trading entity in Singapore, Monjasa is prepared to grasp this exciting opportunity to control shipping tonnage. We aim to assume the unswerving command over the sourcing, supply, and, crucially, the shipping of fuel products. We wish to perpetually refine our services within the impressive Singapore anchorage.”
A Promising Opportunity Amidst Challenges
There’s no denying that the Port of Singapore poses a challenging market scenario, well known for its vigor and competitiveness worldwide. However, Monjasa remains confident that shipowners will vastly benefit from the enhanced flexibility and exceptional maritime quality that aligns with the exemplary global standards exhibited by Monjasa.
Monjasa’s Global Footprints and Future Plans
The company boasts an impressive fleet of 30 vessels, spread across the globe. This robust maritime experience forms the foundation of Monjasa’s expansion in Singapore. Furthermore, the company disclosed that its offerings currently include not just traditional fuels. Monjasa has already expanded into the realm of biofuels, showcasing the omnipresent drive for sustainable energy solutions in the maritime industry.
Monjasa’s entry into one of the world’s busiest ports speaks volumes about its assertive growth strategy. It also emphasizes the significance of Singapore’s maritime hub in global shipping narratives, offering fascinating insights into the buzzing dynamism of the marine fuel supply market.
