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.

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