BGN Launches First US Retail Bunkering Business
Key Takeaways
- •BGN has launched its first retail marine bunkering business in the US Gulf Coast market.
- •The new operation will supply HSFO, VLSFO and MGO to vessels calling at ports across the region.
- •BGN partnered with Centerline Logistics Corporation and chartered the bunker barges Jackson Eades and MGI 2100 to support the launch.
- •The business will initially serve BGN’s fleet of about 40 owned and chartered LPG carriers before expanding to third-party shipowners.
- •BGN said it aims to expand into other major international ports over time.
Commodities trading firm BGN has launched its first retail marine bunkering business in the US.
The new operation will supply HSFO, VLSFO and MGO to vessels calling at ports across the US Gulf Coast, the company said in a LinkedIn post on Wednesday.
To support the launch, BGN has partnered with Houston-based Centerline Logistics Corporation and chartered two bunker barges, Jackson Eades and MGI 2100.
BGN said the business will initially focus on refuelling its fleet of about 40 owned and chartered LPG carriers, giving the company greater control over fuel procurement and vessel operations. Starting with its own fleet gives the trading firm a built-in customer base as it enters a market where marine fuel supply depends on port access, barge logistics and reliable local execution.
The company also plans to market bunker supply services to third-party shipowners trading in the Gulf Coast.
"The US Gulf Coast is one of the world's most important shipping and energy hubs, making it the ideal location to establish our first retail bunkering operation," Harry Thwaites, Head of Fuel Oil, Feedstocks and Marine Fuels at BGN, said.
“Going forward, we will look to expand into other major international ports as we continue to strengthen our marine fuels trading platform globally.”
