Danish bunker and tanker group Monjasa is targeting Chinese growth with a permanent base in Shanghai.
The expansion complements its Asian operations in Singapore and Vietnam.
“The decision to enter China is propelled by an increasing number of Chinese customers and strong confidence in China’s continued positive developments as a maritime nation and shipping hub,” the company said.
“A continuously thriving Asia Pacific shipping industry and the world’s 10 largest seaports all located in Asia reflect the region’s powerful maritime development.”
