EMEA News
Monjasa Sees Increased Bunker Demand in West Africa Amid Hormuz Disruptions
Disruptions in the Strait of Hormuz are reshaping global bunker demand, with global marine fuel supplier Monjasa reporting a significant uptick in activity across West Africa.
Demand has risen sharply since the Iran crisis escalated, particularly in Walvis Bay and Lome, the firm said in a LinkedIn post on Thursday.
“The increase is mainly driven by availability issues following disruptions at major bunker hubs such as Fujairah rather than more vessels re-routing,” Casper Borgen, General Manager at Monjasa Middle East & Africa, said.
He noted that the sudden imbalance between supply and demand initially posed challenges, but Monjasa has since aligned its logistics and eight-vessel bunker fleet to handle the increased activity, while continuing to optimise operations.
The company added that availability of key fuel grades, VLSFO, MGO and HSFO, remains stable, supported by a mix of local sourcing contracts and additional imports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| EMEA Average | 917.50 | 14.00 | 1740.00 | 21.00 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
Popular Now More
-
Oct 23Rotterdam's bunker sales recovered slightly in Q3 from the previous quarter, but volumes remained well below year-earlier levels. -
Oct 23The acquisition includes eight bunkering vessels and a long-term lease for 28,000 m3 of tank capacity in Turkey.