Physical bunker supplier Standard Fuel Oils acquires bunker trader River Marine Fuels

Physical bunker supplier Standard Fuel Oils on Wednesday (8 November) said it has acquired bunker trader River Marine Fuels for an undisclosed sum.

Both businesses are based in Liverpool and the partnership brings together all aspects of the marine bunkering process. The deal will see the marine department at Standard expand with River’s employees being integrated into the business in the coming months. Standard has been a physical bunker supplier in the North of England since 2011 and River a bunker trader for over 20 years.

Nick Goodwin, Managing Director at Standard Fuel Oils, said: “We look forward to welcoming John, Paul & the team to Standard. Having known John & Paul for many years, we know they will be a great fit and bring their wealth of knowledge of the marine industry to Standard.”

John Donoghue and Paul Wilson, Directors at River Marine Fuels, said: “We are delighted to be joining forces with Standard Fuel Oils and are excited about the future for both companies. We would like to assure all of our customers and suppliers that River Marine Fuels remain committed to providing the usual high standard of service and cooperation to all.”

Paul Musgrave, Commercial Director at Standard Fuel Oils, said: “Having worked closely with the River Marine team as one of their suppliers for over 10 years, it will be great to see everyone integrate into Standard where we can grow our marine business together. Through our marine fuel wholesale supply partners, we can offer DMA and renewable marine fuel options throughout the UK by road tanker and can source bunkers globally with our colleagues at River.”

Photo credit: Standard Fuel Oils
Published: 9 November, 2023