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Commodity trader and asset management company Montfort is to begin physical supply at Fujairah and Khor Fakkan from 1 September, with operations supported by two barges.

The company will offer high sulphur fuel oil (HSFO), low sulphur marine gasoil (LSMGO) and very low sulphur fuel oil (VLSFO).

Deliveries will be undertaken by two chartered barges, which will be able to supply a total of 50,000 metric tonnes of a fuel a month. One of the vessels has been chartered from the local market and the other has been brought in from outside Fujairah, Montfort’s head of bunkering, Mikkel Jacobsen, told Bunkerspot.

Montfort was set up earlier this year with a focus on liquid and dry bulk trading. The company has main offices in Geneva, UAE and Singapore, and other satellite offices across continents.

Asked about the timing of the company’s move into physical supply in Fujairah, Jacobsen said: ‘We are active commodity traders in the region and entering the UAE market is a natural step for us.’

Jacobsen joined Montfort in April, following a two-year stint at TFG Marine as co-head of bunkering. Prior to that he was MD of Monjasa’s Dubai operation.
 

 

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