Indefinite Delivery Contract SPE60826D0352

The Defense Logistics Agency Energy awarded a single-award Indefinite Delivery Contract (IDC) valued at approximately $290.5 million to Minerva Bunkering Pte. LTD., a Singapore-based marine fuel supplier, effective February 5, 2026, through December 4, 2028. This contract represents a continuation of Minerva Bunkering's established relationship with the Department of Defense, wherein the contractor has consistently delivered marine fuel and bunkering services to U.S. Navy vessels and Military Sealift Command assets globally. The underlying solicitation, posted October 6, 2025, solicited proposals for the Ship's Bunkers Program to supply F76 Naval Distillate Fuel and JP5 Jet Petroleum to U.S. naval vessels at the ports of Jeddah and Yanbu in Saudi Arabia over a three-year performance period from November 1, 2025, through October 31, 2028, with an estimated requirement of approximately 27.9 million gallons of F76 and 94,422 metric tons of JP5. The contract was awarded on a full and open competition basis using a Lowest Price Technically Acceptable evaluation methodology, with no set-aside designation applied.

Deliveries under this contract will occur via barge transportation to the Saudi Arabian ports of Jeddah and Yanbu, with contract administration performed at Fort Belvoir, Virginia. Key contractual requirements include Minerva Bunkering's possession of a Petroleum Trading License from Saudi Arabia's Ministry of Energy, utilization of U.S.-flag vessels for fuel transportation, compliance with MARPOL 73/78 environmental standards, and provision of detailed quality documentation including Certificates of Analysis. Base reference pricing was established using Platts FOB Med Cargo indices at the time of solicitation, with Ultra Low Sulfur Diesel priced at $1.98 per gallon and Ujet fuel at $658 per metric ton as of May 13, 2025. The contract specifies minimum order quantities of 20 metric tons via barge with pumping rates of approximately 1,500 to 2,000 barrels per hour, and includes reserve storage requirements of nearly 2 million gallons within 200 kilometers of the delivery ports to support operational flexibility for U.S. naval fleet operations in the Middle East region.