Monjasa bags vital credit facility from French bank

Bunker company Monjasa has signed a credit facility with French bank Société Générale for USD 80 million. "We see the establishment of this new facility as a seal of approval in the robustness of our business model," says  Monjasa's CFO in a comment on the agreement.

Danish bunker company Monjasa has signed a new USD 80 million credit facility agreement with French bank Société Générale, informs the company in a press release.

"Monjasa has grown considerably over the past years and we have gone from being a regional bunker company to a global diversified trading group. Our financing model is important for this development and decisive for offering our business partners the global services and efficiency they expect. Therefore, we have been very determined to obtain this deal," says Monjasa Group CFO Kenneth Henriks in the press release.

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

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs