Monjasa looking to expand Panama office

Some three years after opening a new Americas office, Monjasa now has a solid hold on the bunker market in Panama, which has grown rapidly since the expansion of the canal. But it is still difficult to make money in this market, says one analyst.

Photo: Ritzau Scanpix/Arnulfo Franco

Danish bunker company Monjasa has taken a hold on the Panama market, which is characterized by intense competition to deliver marine fuel to the major carriers.

The group opened its office in Panama City in 2015 and has since become an established player in the rapidly growing market.

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