Peninsula Announces Commencement of Physical Supply Operations in Suez

The Egyptian Government and authorities have granted Peninsula, the leading global independent marine fuel supplier, 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.

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.