Monjasa Acquires Bunker Tanker for English Channel Operation

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Danish bunker company Monjasa has decided to acquire the 3,600 dwt tanker, MT Fredericia, for “continued bunker operation” in the English Channel.

The 2008-built MT Fredericia has been on time charter by Monjasa for several years and is currently performing bunkering operations in the Portland, Tongue Anchorage and Falmouth areas.

The purpose-built double-hull bunker tanker will from its current position continue fuelling vessels entering and exiting the SECA zone, the company said.

According to data provided by VesselsValue, the ship is owned by Germany-based Medallion Reederei and has a market value of USD 4.15 million.

In 2016, Monjasa established a niche market in the English Channel as an alternative for shipowners and operators taking bunkers in the ARA hub.

“We are seeing a steady demand for our services in the UK and this is also the reason why we decided to acquire the vessel. Monjasa now gains full ownership of the supply chain as we already control all sourcing and storage of oil products at our oil terminal in Portland Port,” Anders Østergaard, Group CEO, commented.

As part of the operations, MT Frederica is currently providing several weekly supplies to cruise ships in nearby Southampton. Monjasa has experienced an increase in number of fuel deliveries to this particular customer segment over the past two years and this summer prospects a busy period ahead for the vessel and its crew.

In 2017, Monjasa supplied 700,000mts of marine fuel across Northwest Europe – equivalent to 19% of Monjasa’s 3.5 million mts total supply volume.

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