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SEAGO Seeks to Dominate Angola's Bunkering Market with Fleet Expansion

Guavy AI Editorial Team
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Angola's bunkering market is gaining momentum as demand for marine fuels increases due to changes in vessel routes. According to Henrique Mayamona, general manager of SEAGO, a leading Angolan bunkering specialist, the company has seen a significant rise in demand for marine gas oil (MGO) and fuel oil.

The Luanda Refinery stoppage earlier this year constrained fuel oil supply, but with Sonangol's larger import volumes in 2026, the market is expected to recover. SEAGO aims to reach USD 100 million in revenue by the end of 2026, up from USD 50 million in 2025.

The company plans to expand its fleet and increase capacity to meet growing demand, with a new vessel, Blue Alliance, set to arrive soon. Mayamona estimates SEAGO currently holds around 60% market share for fuel oil sales in Angola.

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