Denmark’s Bunker One has taken a major strategic leap forward with the full acquisition of Element Alpha’s (NYH) storage position.
This acquisition, which is effective from March 1, further solidifies Bunker One’s position in the U.S. bunkering market, the company said, adding that the acquisition in New York reinforces Bunker One’s expansive global supply network with a key presence in New York Harbor and is a natural fit for expanding the footprint further in the US region.
Bunker One, a physical supplier of marine fuels, lubricants, related products and services for vessels, reported that this move to enter the New York market is supported by the overall strategy of Bunker One parent company, Bunker Holding Group.
Bunker One USA, a physical supplier along the U.S. Gulf Coast, with this acquisition will offer a full-spectrum supply of bunker fuels with a focus on HSFO.
Bunker One has been acting as a physical supplier in Houston, New Orleans, Mobile and offshore US Gulf Coast for several years.
“We were offered the opportunity to expand our physical presence in the US 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 US network and are pleased to offer this new bunkering optionality for our customers,” said Peter Zachariassen, CEO of Bunker One.
“This is more than an expansion-it’s a transformational move that solidifies our foothold in a global maritime fuel market,” noted Georgia Kounalakis, managing director of Bunker One USA.
“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.”
