Business

Kidnapped crew of oil tanker “Monjasa Reformer” recovered safely

Monjasa confirmed all six crew members who were kidnapped from the Liberia-flagged oil tanker are now safely recovered from an undisclosed location in Nigeria.

Published

3 years ago

May 9, 2023

Admin

Global oil and shipping group Monjasa on Monday (8 May) said the security incident involving the Liberia-flagged Monjasa Reformer and her 16 crew members in the Gulf of Guinea in West Africa has concluded.

The hijacking incident took place on 25 March off Congo in West Africa.

In a statement shared with Manifold Times, Monjasa confirmed all six crew members who were kidnapped from the oil tanker, Monjasa Reformer, are now safely recovered from an undisclosed location in Nigeria, following the hijacking of the vessel on 25 March 2023 off Congo.

“All recovered crew members are in a relatively good health condition given the difficult circumstances they have been under in the last more than five weeks. They have all been receiving medical checks and are now being repatriated to their home countries to reunite with their families.”

“We are immensely grateful for the support received from our professional advisors, navies and authorities and to all others who have helped us resolve this awful situation,” Monjasa Group CEO, Anders Østergaard, said.

The firm said it truly admired its crew members for their bravery and would like to thank all the involved families for their patience and resilience during this stressful period of uncertainty.

“In connection with the incident, we know that our crew members have been acting diligently and in accordance with the on board anti-piracy emergency protocol. The overall policy, which comprises measures to be taken both during and after a possible assault is continually evaluated according to the risk environment,” it said.

“Unfortunately, this and other recent and similar hijackings in the Gulf of Guinea clearly demonstrates the need for joint international political action to face these issues once and for all.”

In the West Africa region, Monjasa urged for safe passage routes and safe zones under an international coalition and we will continue working with our partners, authorities and fellow shipowners for a safe working environment for all seafarers.

The Monjasa Reformer, owned by Monjasa, and technically managed by Montec Ship Management, was boarded by pirates on 25 March at 22:39 UTC about 140NM west off Port Pointe-Noire, Congo.

At the time of the incident, the vessel was sitting idle with 16 crew members onboard.

On 30 March 2023, the Monjasa Reformer was located off Sao Tomé & Principe in the Gulf of Guinea by the French navy. At this point, the pirates had abandoned the vessel and left only 10 of the crew members onboard while they kidnapped the remaining six and brought them to shore in Nigeria.

Photo credit: Monjasa
Published: 9 May, 2023

Bunker Fuel

Singapore: Bunker fuel sales up by 1.6% on year in June 2026

4.67 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.59 million mt recorded during the similar month in 2025.

Published

2 hours ago

July 15, 2026

Admin

Sales of marine fuel at Singapore port increased by 1.6% on year in June 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.67 million metric tonnes (mt) (exact 4,669,100 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.59 million mt (4,594,700 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 2.03 million mt (+19.4% from 1.70 million mt), 2.20 million mt (-4.8% from 2.31 million mt), zero (-100% from 1,900 mt), 1,900 mt (-57.8% from 4,500 mt) and zero (from zero).

Bunker Jun

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June, (against on year) recorded respectively 5,300 mt (-86.3% from 38,800 mt), 30,700 mt (-73.1% from 114,300 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 1,500 mt (+50% from 1,000 mt).

LNG and methanol sales were 55,000 mt (-0.72% from 55,400 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

Photo credit: Maritime and Port Authority of Singapore
Published: 15 July, 2026

Bunker Fuel

Vitol Bunkers debuts commercial bunkering service at Pakistan’s Gwadar Port

Launch follows the port’s first commercial bunkering operation, during which LNG carrier “Enugu” received 2,500 mt of VLSFO from Vitol Bunker’s bunkering barge “Marine Ista”.

Published

3 hours ago

July 15, 2026

Admin

Vitol Bunkers debuts commercial bunkering service at Pakistan’s Gwadar Port

Vitol Bunkers on Tuesday (14 July) announced the launch of comprehensive commercial bunkering services at Gwadar Port, Pakistan.

“From today and for the first time in the port’s history, commercial vessels will be able to bunker HSFO, VLSFO and LSMGO at Gwadar Port, Pakistan,” the company said in a statement.

The launch follows the first commercial bunkering operation in the port.

The LNG carrier Enugu was supplied with 2,500 metric tonnes (mt) of VLSFO by Vitol Bunker’s bunkering barge Marine Ista a few days ago.

Ammar Hussaini, global strategic business manager of Vitol Bunkers, said: “We are pleased to be able to supply our customers a range of high-quality fuels from important locations in Pakistan.

“Gwadar Port is a deepwater port which has benefited from significant investment, and we look forward to building our offering in this location and serving customers across the region.”

Photo credit: Vitol
Published: 15 July, 2026

Financial Result

Glander International Bunkering reports USD 23.4 million EBT for FY2025/26

Firm has been supporting clients through a wide portfolio including alternative bunker fuels, allowing it to increase its visibility in the market and contributed to doubling its new fuels volumes over the past year.

Published

3 hours ago

July 15, 2026

Admin

Glander International Bunkering reports USD 23.4 million EBT for FY2025/26

Global bunker trading company Glander International Bunkering on Tuesday (14 July) announced its financial results for the year ended April 30, 2026 – reporting a turnover of nearly USD 2 billion and earnings before tax (EBT) of USD 23.4 million.

In the previous year, the company reported a turnover of USD 3 billion and EBT of USD 22 million, including a non-recurring item.

The results come after shipping has faced a year of regulatory acceleration, disrupted trade routes and tight avails.

There was a fundamental shift in market conditions, with geopolitical tensions, Red Sea risks and US tariffs. This was later compounded by the conflict in the Middle East conflict, which led to severe restrictions in the Strait of Hormuz and widespread rerouting, longer voyage time and increased freight costs.

CEO Carsten Ladekjær noted: “The real challenge was managing uncertainty, especially when things are changing by the day, sometimes by the hour. What has stood out is how our teams across the world have responded, how they have stayed close to clients and navigated that disruption in real time.”

Fuel EU entered its first full compliance cycle, becoming a direct factor in voyage economics. Then regulatory uncertainty persisted with key decisions at the MEPC in October being delayed.

Appointed Head of New Fuels in February 2026, Dionysis Diamantopoulos has overseen the continued expansion of the company’s new fuels offering during the past critical few months.

He said, “We are supporting clients through a wide and evolving portfolio that includes biofuels and biofuel blends, LNG and bio-LNG, pooling and insetting solutions.”

“This approach has allowed us to increase our visibility in the market and contributed to doubling our new fuels volumes over the past year.”

Glander International Bunkering has continued to develop its approach to well-to-wake bunker management, which is a more integrated model of managing fuel, emissions, price and risk.

Ladekjær explains: “It has undeniably been a volatile year for global shipping, and it has changed our role in bunker trading. Our clients do not only come to us for fuel supply, they come to us to manage cost, compliance, and risk.”

The company said this approach reflects a broader shift in the market, where bunker decisions are no longer standalone transactions. They are directly linked to cost exposure, compliance and operational performance across the full fuel lifecycle.

Photo credit: Glander International Bunkering
Published: 15 July, 2026