Minerva Bunkering, a leading global marine fuel supplier and subsidiary of Mercuria Energy Group, has announced the acquisition of Bomin Bunker Oil from Mabanaft. This strategic acquisition was unveiled at Minerva Bunkering’s event during the Singapore International Bunkering Conference (SIBCON) 2024, marking a significant step in expanding its operational and supply network across the Americas.
With the addition of Bomin’s physical supply locations – including key ports in the US Gulf Coast, Norfolk, Panama, and Ecuador, Minerva Bunkering enhances its ability to deliver high-quality marine fuel solutions to its customers.
Tyler Baron, CEO of Minerva Bunkering, expressed his enthusiasm for the acquisition, stating, “This acquisition marks an exciting extension of our footprint in the Americas. By integrating Bomin’s assets and capabilities, we can better serve our customers and deepen our physical supply presence in strategic markets like Houston and Norfolk.”
The acquisition is particularly noteworthy as it establishes Minerva’s first physical supply operation in Houston, a critical hub for marine fuel supply. Bomin Group, once recognized as a top global marine fuel supplier, had recently focused its efforts primarily in the Americas, making this acquisition a timely opportunity for Minerva to strengthen its market position.
Minerva Bunkering is dedicated to maintaining high standards of service and reliability throughout its global supply chain. The company’s commitment to sustainable growth aligns with its strategic goal of continuous improvement, enabling it to enhance efficiency and reduce the total cost of bunker procurement for its diverse customer base.
This acquisition not only solidifies Minerva Bunkering’s position as a leading global marine fuel supplier but also enhances its capability to meet the evolving needs of its customers across the Americas. With a focus on reliability, quality, and strategic growth, Minerva is well-positioned to lead in the competitive bunkering market.
Minerva Bunkering in Brief
Minerva Bunkering is a prominent energy supplier to marine vessels worldwide. The company prides itself on providing stability and reliability to the global bunker fuel market, leveraging its extensive expertise in the energy sector alongside a robust business network. This combination ensures that Minerva can deliver quality products, efficient logistics, and competitive pricing to its clients.
Operating from strategic hubs in Geneva, Athens, New York, Singapore, Antwerp, and Las Palmas, Minerva serves customers globally with efficient, transparent, and environmentally responsible marine fuel solutions. The company offers a comprehensive perspective on real-time market dynamics while utilizing its years of experience in ship fuel management to navigate market fundamentals and developments effectively.
As a wholly owned subsidiary of Mercuria Energy Group, one of the largest privately held energy and commodities companies in the world, Minerva Bunkering benefits from Mercuria’s extensive global network, which spans over 50 countries. This relationship provides Minerva with creditworthiness and the necessary infrastructure to support rigorous in-house risk management and trading operations, alongside a substantial physical supply capability.
Minerva Bunkering Pte Ltd. was established in Singapore on March 14, 2019, taking over operations and personnel from Minerva Bunkers Pte Ltd. and the reorganized Aegean Marine Petroleum Network Inc. following its Chapter 11 bankruptcy proceedings in the United States. The company originally entered the bunkering Services in 2014, with teams based in Singapore, Las Palmas, and Geneva, positioning itself as a key player in the marine fuel sector.
Source Minerva Bunkering