Monjasa Buys Tanker from Eships

Posted by Eric Haun November 19, 2014

Eships Bainunah will become African Sprinter in January 2015 (Photo: Monjasa)

The Monjasa Group has purchased a tanker, M/T Eships Bainunah, from Abu Dhabi based Eships, the company announced today.

The Turkish-built (2005), IMO-II, 8,000 DWT vessel, which is double hull and fully equipped for bunkering, has been operating for Monjasa on time charter, but is due to become part of Monjasa’s fleet by January 2015, when the group will also begin handling the ship’s technical management. The tanker will then undergo a name change, becoming the African Sprinter, and will be flagged under EU flag (Malta).

In connection with the acquisition, the Monjasa Group has established a new single shipowning company, African Sprinter Shipping ApS, which will be the ultimate owner of the vessel.

“The tanker fits perfectly into our West African operations, where the Monjasa Group sold a similar sized vessel, the Energizer built in 1996, earlier this year,” said Monjasa Partner Anders Østergaard. “Further, it fits the overall strategy of expanding our business by organic growth and prioritizing a young and modern fleet.”