Monjasa starts IMO-fuel supply in west Africa
Danish marine fuel supplier Monjasa has started supplying 0.5pc sulphur marine fuel oil in west Africa.
Monjasa's tanker African Runner has delivered off Lome, Togo, where it has a 120,000dwt tanker that is used as floating storage, and will make 0.5pc fuel oil available across its west African supply locations.
The fuel will be compliant with the International Maritime Organisation (IMO) 0.5pc sulphur cap, which comes into force on 1 January.
Monjasa has been delivering bunker fuel in west Africa since 2009. It has 10 tankers in the region, where it has said it is the largest marine fuel supplier by volume. Trading firm Trafigura has gained market share since the two companies parted ways in 2015.
Monjasa opened an office in Luanda, Angola, and deployed a 5,815dwt tanker that has been renamed Monjasa Chaser to Angola to expand its presence there.
"The west Africa bunker market has developed very positively over the past 10-15 years and today matches bunker destinations like Las Palmas or South Africa," said Monjasa chief executive Anders Ostergaard.
Fuel prices at bunkering locations off Namibia and Togo are normally at a premium to those at ports such as Las Palmas to the north and Cape Town and Durban to the south.
source: Argus Media
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
