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Peninsula extends physical supply operations to Suez with licence from Egypt

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Products to be offered are VLSFO, HSFO 3.5% and LSMGO - all according to ISO8217:2017 spec; this follows after firm received licence in February 2022.
feature peninsula extends physical supply operations to suez with licence from egypt

Independent marine fuel supplier Peninsula on Wednesday (7 June) said the Egyptian Government and authorities have granted the firm a physical bunker supply licence to operate in Mediterranean Ports.  

Having been selected by the local authorities as one of the first international companies to be given a licence to function as a bunker supplier back in February 2022, Peninsula has commenced operations. The products to be offered are VLSFO, HSFO 3.5% and LSMGO – all according to ISO8217:2017 specification.   

The region has a natural advantage with optimal weather conditions all year round, and it sees over 20,000 vessels passing through the Suez Canal every year. 

“It therefore represents a natural extension of Peninsula’s existing physical supply hubs and adds further support for ships traversing the Mediterranean Sea,” the firm said. 

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“With professionals controlling each link of the supply chain, Peninsula is fully committed to provide its customers with quality products and service in keeping with its leading role in the global commodity market.”

John A. Bassadone, CEO of Peninsula, said: “We want to thank all the authorities and especially the Egyptian Government for this opportunity to operate in the Suez Canal. We have been working closely with them for over a year and a half to ensure that we are in a position to build the local bunker market beyond historical levels. Port Said’s has huge potential for growth, and we feel that our track record and dedication to quality, along with our growing network in the region, will create an attractive proposition.

The Egyptian government also granted Minerva Bunkering a licence for bunkering ships in the Egyptian ports.

Minerva Bunkering later said it completed its first ten bunker deliveries in Egypt, including to Hafnia’s MV Hafnia Azurite and Cargill Ocean Transportation’s MV Gat Feeling.

Related: Egypt awards its first bunkering licence for international firms to Minerva Bunkering
Related: Minerva Bunkering completes first bunker fuel deliveries in Egypt
Related: Egypt: SCZone to launch bunkering service at East Port Said Port and Ain Sokhna Port

Photo credit: Peninsula
Published: 8 June, 2023

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