Monjasa has shut down London oil venture

Bunker group Monjasa has halted its ambitions in shipping larger oil cargoes, a venture which was launched two years ago. An office in London dedicated this venture has been shut down. We want to focus on our core business, the group's COO tells ShippingWatch.

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

Danish bunker group Monjasa has halted its oil trading venture in London as it failed to deliver the expected returns.

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