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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