Geos Group
Geos Group is a UK-based, privately held physical supplier and trader of marine gas oil operating 7 fuel storage locations, 3 vessels (including two NaabsaMAX niche-port tankers), and an inland refuelling subsidiary, serving shipping, offshore wind, and inland business customers.
- Company typePrivate
- Founded1991
- HeadquartersHenley On Thames, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Geos Group does
Geos Group is a UK-headquartered, privately held physical supplier and trader of marine gas oil (MGO), operating a vertically integrated fuel supply chain from oil refinery to vessel and inland customer. The company controls 7 fuel storage locations across the UK (including a 15-million-litre terminal at Port of Blyth, two sites in Aberdeen, and storage at Lerwick, Scalloway, Lowestoft, and Teesside), a fleet of three sea tankers (two custom-built 4,250-DWT NaabsaMAX vessels plus the 6,000-MT Wisby Argan), 14 Mini-TANKERS road tankers, and partnerships with Par Petroleum (24 road tankers) and Peterson (supply base operator at multiple locations). Its core differentiator is the NaabsaMAX vessel technology, which enables bunker delivery at tide-restricted and niche ports that competitors cannot access.
The company serves three primary customer segments: marine/shipping (vessel owners, offshore wind and oil/gas support vessels, ferries), inland businesses (healthcare, construction, ports via Mini-TANKERS), and third-party charterers requiring short-term tonnage. Revenue is generated through four streams: physical MGO supply (transaction-based, Platts-indexed), fuel trading and bunkering, inland fuel supply via Mini-TANKERS, and ship chartering, with formula, contract, and spot pricing options plus financial hedging instruments. Founded in 1991 as Sea Bunkering by Dave Gregory and Ed Denyer, the company was acquired by current Managing Director Barry Newton and rebranded as Geos Group, growing organically to 19 employees and expanding through two acquisitions (Mini-TANKERS in 2021, Pressick Commercials in 2022) and the 2022 launch of HVO renewable fuel storage to address maritime decarbonization.
The business is operationally a logistics and physical-commodity business with no disclosed AI, software, or data-product components. Growth has been funded entirely through operational cash flow with no external institutional investment; the company self-describes as the UK's largest independent marine fuel supplier and a leading MGO supplier, holding ISO 9001:2015 certification, Tanker of the Year 2023 shortlisting for MT Thun Britain, and a strong North Sea offshore industry customer base.
Geos Group firmographics
Firmographics- Name
- Geos Group
- Legal name
- Geos Group Limited
- Website
- https://geosgroup.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Geos Group is a UK-based, privately held physical supplier and trader of marine gas oil operating 7 fuel storage locations, 3 vessels (including two NaabsaMAX niche-port tankers), and an inland refuelling subsidiary, serving shipping, offshore wind, and inland business customers.
- Ownership category
- akta.pro rank
Geos Group industry classification
Industry- Product category
- Marine Fuel Supply Services
- NAICS
- Petroleum Bulk Stations and Terminals (424710), Coastal and Great Lakes Freight Transportation (483113), Pipeline Transportation of Refined Petroleum Products (486910)
- SIC
- Wholesale-Petroleum Bulk Stations & Terminals (5171), Water Transportation (4400), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO) (TLAHAKAA)
Keywords
Where Geos Group is headquartered
LocationHeadquarters
- HQ city
- Henley On Thames
- HQ country
- United Kingdom
- HQ region
- Europe
Offices8 records
Markets served
Geos Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Marine Gas Oil Physical Supply: Physical supply of marine gas oil (MGO) to vessels in port, delivered ex-pipe, ex-rack, or by road. The company operates 24/7, 365 days a year, supplying fuel to vessels around the UK.
- Fuel Trading and Bunkering: Trading of marine fuels with pricing based on Platts Index. They offer formula pricing, contract pricing, hedging and fixed price arrangements for risk management.
- Inland Fuel Supply (Mini-TANKERS): Onsite refuelling service to businesses operating mobile machinery and generators, delivering 10 litres to 18,000 litres directly to customer locations.
- Ship Chartering: Short charters and cargo carriage on behalf of third parties using their 4,250-DWT sea tankers for flexible shipping solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Formula Pricing - flexible pricing tied to market indices |
| Subscription | Multi-year contract | Contract Pricing - fixed price arrangements |
| Other | Pay-as-you-go | Spot Pricing - ad-hoc fuel supply |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Geos Group product offering
Product offeringCore offering
Geos Group is an energy and logistics service provider specializing in the storage, transportation and supply of marine and inland fuels. The company operates a vertically integrated fuel supply chain from oil refinery to vessel, including a 15 million litre storage terminal at the Port of Blyth, six additional UK storage locations, a fleet of three sea tankers (including two custom-built NaabsaMAX vessels), and inland refuelling via the Mini-TANKERS subsidiary. Services include 24/7/365 physical marine gas oil and HVO supply, ship-to-ship transfer, ship chartering, and fuel price risk management.
Product overview
Geos Group is a physical marine fuel supplier and trader operating a vertically integrated fuel supply service. The core offering centers on marine gas oil (MGO) and HVO (hydro-treated vegetable oil) supply, complemented by fuel storage infrastructure, ship chartering, ship-to-ship transfers, and inland refuelling via the Mini-TANKERS subsidiary. Risk management services provide hedging instruments. The company controls its supply chain from refinery to vessel, operating storage terminals across 7 UK locations and maintaining a fleet of three vessels (Thun Blyth, Thun Britain, Wisby Argan) plus road tankers.
Differentiator
Problem solved
Functional benefit
Products and services
- Marine Gas Oil (MGO) Supply 1000ppm marine gas oil supplied as the primary product to vessels in ports throughout the UK and Europe. Available 24 hours a day, all year round, via truck delivery, ex-pipe, ex-rack, and ship-to-ship transfer.
- HVO (Hydro-treated Vegetable Oil) Renewable Fuel Hydro-treated Vegetable Oil renewable fuel, a bi-product of the food industry that would otherwise go to waste, offering significantly better environmental performance than conventional diesel. Stored and supplied at the Blyth terminal.
- Mini-TANKERS Inland Fuel Supply Specialist direct on-site refuelling service for businesses operating mobile machinery and generators, serving construction sites, healthcare centres, ports, and sports grounds across northeast England. Delivers between 10 litres to 18,000 litres of fuel per delivery from the Wilton Centre base on Teesside.
- Fuel Storage Services
Quantifiable outcome
- 260,000 metric tonnes of fuel sold from Blyth terminal in first 5 years (2015-2020)
- +1 more outcomes
Companies that use Geos Group
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles2 records
Geos Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Geos Group partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered strategic, core and minor.
- ABP (Associated British Ports)strategicABP invested over £250,000 in construction of new bunkering facility at Port of Lowestoft to support UK Southern North Sea energy sector. Geos Group provides fuel bunkering services at this facility.
- Thun Tankers BVcoreLong-term partnership with Netherlands-based shipowner Thun Tankers BV for custom-built 4,250-DWT product tankers with NaabsaMAX technology. Two vessels ordered: Thun Blyth (delivered November 2020) and Thun Britain (delivered 2022). Both built by Scheepswerf Ferus Smit BV.
- MF Shipping GroupcoreAppointed by Erik Thun Group to manage the Thun Blyth and Thun Britain vessels on behalf of Geos Group. Handles day-to-day vessel operations, crew management, and technical oversight.
- PetersoncoreStrategic partnership for fuel storage facilities. Peterson operates supply bases at Pocra Quay (Aberdeen North) and Torry Marine Base (Aberdeen South). Also manages facilities at Scalloway and Lowestoft. Geos Group stores fuel at Peterson locations and collaborates on infrastructure development.
- Par PetroleumcoreSupply partner operating fleet of 24 road tankers for fuel delivery throughout the north of England and wider UK from Blyth terminal.
- Phillips 66coreOil terminal at Immingham used by Geos Group vessels for loading operations. Key part of supply chain between oil refineries and distribution network.
- Erik Thun GroupcoreParent company of Thun Tankers BV. Long-term partnership for vessel construction and maritime logistics solutions. Johan Kallsson (CEO) described focus on sustainability and building long-term partnerships.
- Scheepswerf Ferus Smit BVcoreShipyard in Leer, Germany that built Thun Blyth and Thun Britain vessels. Specialises in building resource efficient, high quality vessels with innovative designs including NaabsaMAX technology.
- NorSea GroupminorNorSea Group installed fuel tanks at Peterhead port to offer logistics services. Enables Geos Group to operate truck-loading facility at Peterhead as part of expanded Scottish operations.
Scale indicators7 records
Recent moves10 records
Expansion highlights6 records
Geos Group competitors and assessment
Company assessmentDirect peers
- KPI OceanConnect: Global bunker fuel trader with a hybrid physical-plus-trading model and a strong focus on MGO and VLSFO. Comparable to Geos in offering formula pricing, hedging solutions and supply across multiple European and international hubs.
- Bunker One: Denmark-headquartered independent marine fuel supplier with physical supply capabilities across Europe and the Americas. Closely comparable to Geos as a medium-sized independent physical bunker trader offering MGO, VLSFO and biofuels to commercial shipping.
- Minerva Bunkering: Physical marine fuel supplier headquartered in the US with global operations. Comparable to Geos in combining physical supply infrastructure with hybrid/biofuel offerings for the international shipping market.
- Cockett Marine Oil: London-based specialist marine fuel and lubricants trader with global bunkering reach. Comparable to Geos in supplying MGO and related marine products to vessels across major ports worldwide, also offering price-risk management.
- Peninsula Petroleum: UK-headquartered independent marine fuel supplier providing physical and trading bunker services globally. Directly comparable to Geos in terms of product mix (marine gas oil, fuels), trader-physical model and emphasis on flexible port-to-vessel delivery.
Others
- Broström Tankers: Swedish product tanker and bunker carrier operating in northern European waters including the UK. Adjacent to Geos through vessel-based fuel logistics and North Sea presence, though primarily an asset-heavy tanker operator rather than a fuel retailer.
- Peterson: UK supply-base operator and logistics partner that hosts Geos's fuel storage at four sites and is one of Geos's most important counterparties. Comparable as an ecosystem participant providing shared fuel logistics infrastructure across Aberdeen, Scalloway and Lowestoft.
Regional players
- Suttons International: UK and international fuel logistics provider operating road tanker fleets and fuel terminals. Comparable to Geos in inland fuel delivery but lacks the marine-specific vessel and port terminal operations.
- Rix Petroleum: UK regional fuel and lubricant distributor with road tanker fleet and inland supply operations. Comparable to Geos via the Mini-TANKERS inland refuelling business and similar UK road distribution footprint, though Rix is more general industrial/commercial than marine-focused.
Broad incumbents
- World Fuel Services: Large global aviation, marine and land fuel broker and physical supplier with significant market share in marine bunkering. Comparable to Geos as a marine-bunker counterparty but operates at vastly larger scale and broader geographic scope.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Geos Group social profiles
Digital presenceGeos Group compliance and trust
Trust signalCompliance1 record
Geos Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Geos Group leadership team
Management profileNumber of profiles
Profiles9 records
Geos Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
Geos Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Geos Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Geos Group
What does Geos Group do?
Geos Group is an energy and logistics service provider specializing in the storage, transportation and supply of marine and inland fuels. The company operates a vertically integrated fuel supply chain from oil refinery to vessel, including a 15 million litre storage terminal at the Port of Blyth, six additional UK storage locations, a fleet of three sea tankers (including two custom-built NaabsaMAX vessels), and inland refuelling via the Mini-TANKERS subsidiary. Services include 24/7/365 physical marine gas oil and HVO supply, ship-to-ship transfer, ship chartering, and fuel price risk management.
Is Geos Group a public or private company?
Geos Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Geos Group founded?
Geos Group was founded in 1991. It employs 11 to 50 people.
Where is Geos Group based?
Geos Group is headquartered in Henley On Thames, United Kingdom, in the Europe region.
How does Geos Group make money?
Four revenue lines are on record. Marine Gas Oil Physical Supply is the primary driver. The others are fuel Trading and Bunkering, inland Fuel Supply (Mini-TANKERS) and ship Chartering.
Who are Geos Group's main competitors?
Direct peers on record are KPI OceanConnect, Bunker One, Minerva Bunkering, Cockett Marine Oil and Peninsula Petroleum. Others are Broström Tankers and Peterson. Regional players are Suttons International and Rix Petroleum. World Fuel Services is listed as a broad incumbent.
Does Geos Group have an API?
No public API is recorded for Geos Group.
What industry is Geos Group in?
Geos Group's product category is Marine Fuel Supply Services. Its primary akta.pro industry code is TLAHAKAA, Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO). Its NAICS code is 424710 and its SIC code is 5171.