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Bunker firm Monjasa DMCC has received the Dubai Multi Commodities Centre (DMCC) Award for Best Maritime Company 2016.

The DMCC counts over 12,000 businesses in Dubai and the judging panel emphasized Monjasa's several years of growth and its approach to quality and risk management as key reasons for the acknowledgment.

"Founded in 2006, Monjasa DMCC's staff and fleet size has increased year on year in Dubai, operating throughout the Arabian Gulf and West Africa. Monjasa's commitment to compliance and risk management makes the company part of an exclusive club of Bureau Veritas certified bunker suppliers," the judging panel said about Monjasa's achievements.

The DMCC's member awards recognise top performance, innovation and growth across 21 award categories and over 12,000 companies based in its Free Zone in Dubai.

Mikkel Jacobsen, Managing Director for Monjasa DMCC, commented: "I am truly honoured to receive this DMCC Award for Best Martime Company 2016 on behalf of Monjasa. In particular, since some of the world's greatest maritime and shipping companies are also part of the DMCC. However, this award is not for me but for all my colleagues on land and at sea who play an important role in advancing sea trade in the U.A.E. and West Africa.

"Two colleagues started up Monjasa DMCC exactly 10 years ago and since then, we have grown considerably in both size and financial strength. Today, we are an ISO- and OHSAS-certified company with 150 colleagues and operating 25 ships on a daily basis.

"We have always felt the support and warm hospitality from the local authorities and I can promise that Monjasa will remain a long-term community partner in Dubai."

Last week, Monjasa reported that net profit grew by 9.1 percent to $24 million in 2015 as the volume of marine products sold increased by 6.8 percent to over 4.1 million metric tonnes, and total revenue fell by 27.3 percent to $1.6 billion.

Commenting on the results, Kenneth Henriks, Monjasa Group CFO, said: "The 2015 financial performance is a strong testimony of Monjasa's operating model of risk mitigation and exhibits the consolidation process set out by the management two years ago. With several customer segments experiencing very difficult market conditions, we are indeed pleased to record a growing demand for our global services. This means that we are making a difference for our customers.

"Presenting consolidated group equity of over 140 USD million and an equity ratio of 40 percent, I can safely say that Monjasa is in a very good financial position and well equipped to accommodate future growth."

Image: Monjasa DMCC's managing director, Mikkel Jacobsen, receiving the Dubai Multi Commodities Centre (DMCC) Award for Best Maritime Company 2016.