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Monjasa calls for bunker cooperation

Monjasa calls for bunker cooperation

16-06-2017 14:00:00

Danish Monjasa calls for cooperation in the international bunker industry due to the increasing number of regulations in the market for shipfuel. The industry faces a great challenge when the limit for sulfur content is lowered.

At a meeting in Limassol, Cyprus, where the company has just opened a new office, Monjasa emphasized that since 2008, more than 1000 new regulations have been reached in the shipping industry, including the decision to reduce the sulfur content in bunker from 2020.

"The industry has grown more complex, and it is time to meet these challenges together," the company states.

"In order for companies to succeed in the future, a very central element in the discussion is about converting operating models based on digital end-to-end solutions with existing procedures and business cultures. In Monjasa we still have work in front of us, but we have come a long way in implementing these changes," said Monjasa's COO, Svend Stenberg Mølholt at the meeting.

Monjasa came out of 2016 with a loss of 170 million DKK, but expects a better result this year.

Source: Monjasa / Maritime Denmark

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