Monjasa Holding A/S has reported a strong financial performance in 2024, marking it as the third-best year in the company’s history. A surge in demand for marine fuels, driven by both trading activities and Monjasa’s logistics and supply chains, played a significant role in this achievement. The company has seen a consistent rise in demand from its global clientele, including major shipowners who benefit from Monjasa’s extensive network of 16 international offices.
A key factor in the robust financial results for 2024 was Monjasa’s strategic investments in its global tanker fleet. The acquisition of three additional tankers—Monjasa Hunter, Monjasa Rover, and Monjasa Master—contributed positively, bringing the total fleet to 33 owned and chartered vessels deployed around the world. Monjasa Group CEO, Anders Østergaard, expressed satisfaction with the results, highlighting a 4% increase in volume despite a global trade slowdown.
He noted that this uptick showcases Monjasa’s commitment to quality and personalized service, which remains essential to sustain their customer base amid growing trade uncertainties. Østergaard emphasized the importance of adaptability in navigating the maritime industry’s challenges. In terms of numbers, Monjasa finished 2024 supplying a record volume of 6.8 million metric tonnes of marine fuels, an increase from 6.5 million metric tonnes in 2023.
The company reported a net result of USD 65 million, alongside improved consolidated equity of USD 444 million. This performance secures Monjasa’s position as the seventh largest global marine fuels supplier. Looking ahead, the outlook for 2025 suggests continued volatility in global trade and a gradual slowdown in shipping markets.
Nonetheless, Monjasa’s solid financial standing positions it well to tackle future challenges, with expectations of a net result between USD 30 million and USD 60 million.