Proteus Supply and Trading Forge Strategic Partnership with Propeller Fuels

US-based Proteus Supply & Trading and UK-based Propeller Fuels have launched a commercial partnership to unite Proteus’ physical MGO operations in Florida with Propeller’s global trading footprint and deep banking resources. The alliance expands both firms’ marketing reach across the US East Coast, Gulf, and Caribbean, leveraging Proteus’ flawless record of nearly 3,800 claim-free cruise port deliveries.

Houston and LONDON | July 17, 2026 – In a strategic move designed to bridge transatlantic marine fuel logistics, US-based Proteus Supply & Trading, LLC and UK-headquartered Propeller Fuels have launched a comprehensive commercial partnership.

Effective July 1, 2026, the alliance unites the niche physical marine gas oil (MGO) supply footprints and asset networks of both firms. The partnership effectively marries Proteus’ deep local infrastructure across the Americas with Propeller Fuels’ extensive international trading capabilities and financial backing.

Combining Regional Assets and Global Reach

Both entities commenced operations in 2017, spending nearly a decade carving out distinct market shares on opposite sides of the Atlantic. This new consolidation allows both companies to immediately cross-market their services to a combined global clientele.

• Proteus Supply & Trading: Built its reputation as a highly specialized trading house and physical MGO supplier in the competitive South Florida market. Its core operations directly serve the robust commercial shipping, blue-chip cruise liner, and luxury superyacht sectors.
• Propeller Fuels: Operates as a prominent UK bunker supplier and international trading firm. It has achieved rapid scale by expanding its geographic footprint to include key global bunkering and maritime hubs, with active desks in the UK, Greece, Dubai, and Singapore.

Through the tie-up, Propeller Fuels secures immediate, established entry into the Americas market, integrating Proteus’ physical Florida supply logistics into its portfolio. Concurrently, the combined entities will ramp up marketing focus across the US East Coast, the US Gulf, the Caribbean, and South America.

Financial Backing and a Clean Operational Record

A key pillar of the transaction is the infusion of Propeller Fuels’ deep institutional banking relationships and capital resources into Proteus’ localized model. This enables the expansion of creative sourcing and flexible credit financing strategies for high-volume buyers.

The partnership leverages a formidable operational track record in the cruise industry. Proteus has consistently supplied into the world’s largest cruise hubs, including PortMiami and Port Everglades, maintaining a zero-claim record for its commercial-grade MGO deliveries.

Leadership Perspectives

For executive management on both sides, the partnership represents the execution of long-term corporate growth roadmaps built on institutional trust.

Russell Stellman, Managing Partner of Proteus Supply & Trading, commented “With nearly 3.800 claim-free supplies since 2017 in our supply ports, we are proud of the excellent performance of our team and the satisfaction of our global customer base. We look forward to continuing and growing that success with our partners, Propeller Fuels.“

Robert Thompson, CEO of Propeller Fuels, stated “We are delighted with this partnership which is with people we already know and trust over many years. It augments our continued growth and development and gives our group a presence in the important Americas market, something which was always in our business growth plan. Doing so with a physical proposition, serving many high-level blue-chip clients, is all the better. We intend to provide Proteus the resources to further expand their excellent value-added service into other areas and to support the group with expansion in the wider America’s markets.”

Strategic Market Implications for the Bunker Desk

With more than 30 years of combined team experience trading across North and South American supply lines, the joint entity provides an alternative for blue-chip owners seeking personalized, niche service combined with global financial strength. As credit constraints tighten across mid-tier trading markets, the backing of Propeller’s banking lines combined with Proteus’ physical delivery control in Florida positions the alliance as a resilient counterparty in the Atlantic bunker market.

About the Partners

Propeller Fuels

Propeller Fuels Ltd, a leading global supplier of marine fuels with offices in the UK, Athens, Dubai, and Singapore, has rapidly scaled its international supply network across all maritime sectors since expanding its operations in 2019. Backed by strong financial shareholders with a century of business heritage, the company leverages its ISCC accreditation to deliver global bio-fuel solutions. In tandem with its sister company, Bridge Markets, Propeller Fuels provides a comprehensive suite of compliance and decarbonization products—including EUAs procurement and FuelEU Maritime solutions, all managed by a highly experienced team of shipping and oil industry professionals.

Proteus Supply and Trading

Initially founded to fill a service gap in the South Florida bunker market, Proteus Supply and Trading has since expanded into a comprehensive global provider of physical, financial, and logistical solutions for the wider fuels market. The company leverages its niche operational expertise and diverse industry background to deliver customized services including bunker trading, cargo trading, fuels blending, financing, and risk management. By combining fundamental trading strategies with a strict focus on operational excellence, Proteus works closely with its global clientele to provide tailored, high-professionalism solutions across its trusted trading network.

Source: Proteus Supply and Trading