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Hartree Marine launches bunkering service in Port of New York and New Jersey

The company has leased storage at Gordon Terminal Service Company in New Jersey to help ensure products to be delivered have no risk of contamination.
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Hartree Marine Fuels, LLC (Hartree Marine), a wholly owned subsidiary of Hartree Partners, on Monday (25 April) said it will supply delivered marine fuels in the Port of New York & New Jersey (PNY&NJ) starting in April 2022. 

The company will offer customers all grades of fuel on a spot and contract basis for delivery at all designated berths, terminals, and anchorages. 

This expansion marks the second location where Hartree Marine is a physical supplier.

The company is in partnership with a global integrated oil company to supply bunkers via tanker in the US Gulf of Mexico. 

To support its PNY&NJ operation, Hartree Marine has leased storage at Gordon Terminal Service Company in Bayonne, New Jersey.

This gives the company control over the terminal’s six tanks, dedicated lines, and dock facilities. Hartree has engaged with a leading Jones Act company to perform deliveries on its behalf deploying a fleet of dedicated bunker barges that are oil major approved.

“With over 40 years of supporting the bunkering business in New York harbour, the Gordon Terminal Service Company is an ideal partner. The facility is strategically located in the heart of the harbour and our bunker dedicated dock will help minimise loading delays and expedite deliveries,” said Gregg Schwartz, co-head of Fuel Oil trading at Hartree. 

“Having our own terminal will help ensure the product we deliver is high quality with no risk of contamination from other parties. We are very excited to be back in New York harbour, where Sal and I have spent a combined 30 years as physical suppliers.” 

“We are an active participant in the wholesale fuel oil cargo market and our extensive relationships including direct refinery connections will enable us to source high quality, competitively priced product and deliver it into our system efficiently,” said Sal Drago, co-head of Fuel Oil trading at Hartree. 

 

Photo credit: Quintin Gellar On Pexels
Published: 25 April, 2022

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Biofuel

China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 mt of B24 marine biofuel oil for “Xin Chi Wan” vessel, at Shekou Container Terminal.
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July 8, 2026

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China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Zhuhai Chimbusco Petroleum Co Ltd (Chimbusco Zhuhai), a subsidiary of China Marine Bunker (PetroChina) (Chimbusco), on Monday (6 July) said the company completed its first bunkering operation since receiving its local licence in Shenzhen. 

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 metric tonnes (mt) of B24 marine biofuel oil for the Xin Chi Wan vessel, owned by COSCO Shipping Group, at the Shekou Container Terminal in Shenzhen.

The operation adopted the “cross-customs direct supply bunkering” model with the cooperation of Shenzhen and Gongbei Customs and maritime authorities.

Looking ahead, Chimbusco Marine Bunker (Shenzhen) said it will build on its local licensing and policy advantages to expand its bonded marine fuel bunkering business in Shenzhen.

The company plans to optimise its bunkering processes and improve service quality to help strengthen the city’s bonded marine fuel supply capabilities while supporting the shipping industry’s green transition.

 

Photo credit: Zhuhai Chimbusco Petroleum
Published: 8 July, 2026

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Sanctions

US reinstates Iran oil sanctions, orders wind-down by 17 July

US has revoked a licence permitting the purchase of Iranian crude oil, petrochemical products and petroleum products, with the restrictions taking effect immediately.
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July 8, 2026

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The US Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday (7 July) revoked a licence that had temporarily authorised transactions involving crude oil, petrochemical products and petroleum products of Iranian origin.

Under the new licence, the purchase of Iranian crude oil, petrochemical products and petroleum products is prohibited with immediate effect.

The latest licence replaces an authorisation issued on 22 June, which had been scheduled to remain in force until 21 August. The previous authorisation permitted the bunkering of vessels engaged in the approved transactions.

Parties that entered into contracts for Iranian oil during the period in which the authorisation was in effect have until 17 July to wind down Iran-related transactions.

 

Photo credit: Zbynek Burival on Unsplash
Published: 8 July, 2026

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Legal

Russian court orders marine fuel supplier Transbunker assets transferred to state

A Moscow court has reportedly ordered the transfer of assets belonging to Russian marine fuel supplier Transbunker to state ownership.
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July 8, 2026

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A Moscow court has reportedly ordered the transfer of assets belonging to Russian marine fuel supplier Transbunker to state ownership.

This comes following a lawsuit alleging the company was illegally controlled through offshore corporate structures, according to The Moscow Times. 

The ruling grants the Russian Prosecutor General’s Office’s claims in full and takes immediate effect. Prosecutors argued that Transbunker, one of Russia’s largest marine fuel suppliers, was subject to restrictions on foreign ownership because the companies within the group qualify as strategic enterprises. 

The case targets Transbunker founders Iosif Sandler and Sergei Pugachev, both Cypriot citizens, along with Transbunker Management CEO Yelena Zavyalova. 

Prosecutors alleged the founders concealed control of the group through offshore entities in jurisdictions including Cyprus and the British Virgin Islands, while transferring profits abroad. Authorities claim RUB 19.3 billion (USD 247 million) has been moved out of Russia since 2020.

Founded in 1991, Transbunker has developed a nationwide marine fuel supply network serving Russian ports in the Baltic, Black Sea and Far East. The group owns fuel terminals in Novorossiysk, Vanino, Sakhalin and the Leningrad region, among other assets.

 

Photo credit: Egor Filin on Unsplash
Published: 8 July, 2026

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