Endofa
From Wikipedia, the free encyclopedia
| Industry | Petroleum industry |
|---|---|
| Founded | 2013 |
| Website | endofa |
Endofa is a physical gasoil supplier and bunker trader with offices in Houston and Dubai. The company is a physical supplier and cargo trader of gasoil in West Africa, mainly from Walvis Bay and up to the Congo.[1] It is owned by three Danish partners, Kenn Soendergaard, Mads Borggaard, and Allan Frost.
As a bunker supplier and trader, Endofa reported a turnover of $235 million in January 2014, more than doubling its first-year projections.[2] The company expects to expand its current fleet of seven vessels and projects a 2014 turnover of $350 million.[2]
The company started its first physical bunker supply operation at the end of 2012.
On May 1, 2014, Endofa became the first bunker supplier in West Africa to use a mass flow meter in the transfer of bunkers.
The Bunker Control System used was provided by Insatech, consisting of a flow meter solution based on the Coriolis principle which provides correct mass measurements, temperature and density; thereby working to prevent fraudulent practices such as buy-back, bribes and signing off on false delivery notes.[3]