ShippingWatch

Monjasa: Eight out of ten main stream vessels operate with losses

In a dramatic shipping market, the young Danish bunker company, Monjasa, managed a record high turnover in their 10 year of existence. Bunker companies only make money when carrying a high volume, says Anders Østergaard, CEO at Monjasa

In order to boost sales on bunker oil to make money on the small margins bunker companies experience at a time like this, the companies will have to thoroughly analyse the clients’ credit ratings. Credit rating has become a risky and difficult process these years as many shipping companies are bleeding heavily, oil prices are high and freight rates does not seem to have any lower boundary.

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