SIBCON 2024: Minerva Bunkering acquires Bomin Group, expanding US operations

Minerva Bunkering, a global marine fuel supplier and a subsidiary of Mercuria Energy Group, on Wednesday (9 October) announced its acquisition of Bomin Bunker Oil from Mabanaft. 

The acquisition, revealed during Minerva Bunkering’s event at SIBCON 2024 in Singapore, will extend Minerva’s operations and supply network across the Americas.

Adding Bomin’s physical supply locations, which include US Gulf Coast ports, Norfolk, Panama, and Ecuador, provides Minerva with additional opportunities to enhance its service offering. 

“This acquisition marks an exciting extension of our footprint in the Americas,” said Tyler Baron, CEO of Minerva Bunkering in a statement. 

“By integrating Bomin’s assets and capabilities, we can better serve our customers and deepen our physical supply presence in strategic markets like Houston and Norfolk.”

Bomin Group, once among the top global marine fuel suppliers, had consolidated its focus in recent years on the Americas. The acquisition is particularly significant in Minerva establishing a physical supply operation in Houston for the first time.

“This acquisition is consistent with our strategy of sustainable growth and continuous improvement that increases efficiency and decreases the total cost of bunker procurement for our diverse customer base,” the firm added. 

Photo credit: Minerva Bunkering
Published: 11 October, 2024