ShippingWatch

Monjasa-breakaways behind new bunker company

A new international Dubai and Houston-based bunker company has seen the light of day. Three of the four partners are former Monjasa employees. Financing comes from one of the most prominent Danish shipping companies.

Photo: Endofa

Four partners – three of them with ties to Monjasa – are in the midst of building an international bunker company based in Dubai and Houston.

The three former Monjasa employees, Allan Frost, Mads Uldall Borggaard and Babak Shahbaz, are based at the company’s Dubai offices, while the last, Kenn Søndergaard, runs operations in Houston. The company, Endofa Energy, was officially founded in November last year and already employs ten people, offering physical bunkering at the West-African coast running from Cape Town in the South to Thema in the North, and also acting as bunker traders in other parts of the world.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sea Cargo Charter hesitates to raise climate ambitions

The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.

Further reading

Related articles

Latest news

See all jobs