Bunker One, a global leader in marine fuel supply, has strengthened its position in the U.S. bunker market with the full acquisition of Element Alpha’s New York Harbor (NYH) storage position, effective March 1, 2025. This strategic expansion allows Bunker One to establish a significant presence in New York, further reinforcing its global supply network.
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Strengthening Supply in a Key Maritime Hub
Already a well-established physical bunker supplier along the U.S. Gulf Coast, Bunker One USA will now extend its reach to the Port of New York, one of the world’s busiest maritime centers. The acquisition includes a dedicated storage facility at IMTT and the deployment of time-chartered barges to ensure efficient and reliable fuel deliveries. This move enhances Bunker One’s ability to offer a full spectrum of bunker fuels, with a strong focus on high-sulfur fuel oil (HSFO).
Peter Zachariassen, CEO of Bunker One, emphasized the strategic importance of the expansion “We were offered the opportunity to expand our physical presence in the U.S. by acquiring the assets of Element Alpha’s NYH position and moving into New York, which is a very strategic move and a location that fits perfectly into our supply network. We are excited to be integrating this operation into our U.S. network and are pleased to offer this new bunkering optionality for our customers.”
A Pivotal Move in Bunker One’s Growth Strategy
The acquisition aligns with Bunker One’s long-term strategy, Fit for the Future, which focuses on sustainable growth and enhancing global fuel supply capabilities. The parent company, Bunker Holding Group, sees this move as a natural progression in its broader expansion plans.
Peder Møller, COO of Bunker Holding Group, highlighted the significance of entering the New York market “This acquisition into the New York market is a pivotal move in Bunker One’s broader strategy, Fit for the Future, which is focused on securing long-term, sustainable growth while delivering world-class bunkering solutions.”
Bunker One has been a physical supplier in Houston, New Orleans, Mobile, and offshore locations in the U.S. Gulf Coast for years. The addition of New York Harbor strengthens the company’s ability to serve major trade routes and key customers in the region.
Expanding Global Market Connectivity
With operations in over 20 locations worldwide, Bunker One continues to expand its global market reach. The new presence in New York seamlessly connects the East Coast supply chain from Brazil and the Caribbean to the U.S. Northeast, ensuring stable supply availability and competitive pricing for ship operators.
Georgia Kounalakis, Managing Director of Bunker One USA, emphasized the transformational impact of this expansion “This is more than an expansion, it’s a transformational move that solidifies our foothold in a global maritime fuel market. Over the past years, we have built a fully integrated U.S. supply chain, strengthened our position, and are offering a level of service and efficiency that is unmatched in the industry.”
“With New York now part of our network, we are unlocking new opportunities for our customers, delivering end-to-end fuel solutions on an unprecedented scale. And with a great team from Element joining us that comes with a wealth of knowledge, we are better fitted than ever for the future.”
Nino Mendiburu, CEO of Element Alpha’s U.S. business, expressed confidence in Bunker One’s ability to take over the NYH position “Bunker One is a strong market player, and we are certain they are the right party to hand off our storage NYH position to.”
This latest acquisition underscores Bunker One’s commitment to expanding its U.S. and global operations, securing a key foothold in New York Harbor, and enhancing its ability to meet the evolving fuel needs of the maritime industry.
About Bunker One
Bunker One, the physical supply unit of Bunker Holding Group, is a global leader in marine fuel supply with over four decades of experience. Operating across five key regions, Bunker One delivers flexible and reliable fuel solutions through an extensive network of offices and local expertise. The company prioritizes transparency, efficiency, and long-term business relationships based on integrity and trust.
Source Bunker One A/S