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Monjasa further bolsters itself for 2020 with new bank agreements

Bunker firm Monjasa has entered agreements with four new banks increasing its credit facilities by more than USD 160 million. The company has done so to be better prepared for 2020, when new fuels will put increased pressure on bunker suppliers.

Photo: Joachim Ladefoged/DEBAT

Bunker supplier Monjasa increases its credit facilities ahead of 2020, when new fuel requirements from the IMO enter force, the company informs in a statement.

Monjasa has made agreements with four banks, which now expand the company's credit facilities by DKK 1.1 billion (USD 162 million).

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