Peninsula Petroleum is delighted to announce that it has commenced physical supply operations in the Port of Barcelona, moving its 7,500 DWT bunker barge Alliance Spirit to the Port. This decision was made following detailed market analysis and on going conversations with Peninsula’s client base.
Barcelona is one of Europe’s busiest ports. However, there is a seasonal shortfall in marine fuel supply capacity. Peninsula believes that an agile and innovative marine fuel supplier can offer new and valuable optionality to the significant marine traffic in the region.
Due to its powerful supply hub capability, Peninsula can efficiently supply clients across multiple major Iberian destinations: from Barcelona in the north down the coast via new operations in Malaga, both Gibraltar & Algeciras and finally into the Canary Islands and beyond.
John Bassadone, CEO of Peninsula Petroleum commented
“We believe that there is a significant supply gap in the market in Barcelona. With our flexible asset base and powerful commercial platform, we can offer bespoke solutions that create valuable optionality for our clients, saving them time and money.
This move is part of a wider strategy of leveraging our asset base to provide regional optionality for our clients. By developing a powerful and flexible supply capability, we can provide innovative service not only in our traditional home ports of Gibraltar and Algeciras, but across the wider Western Mediterranean / Iberian Peninsula.”
About Peninsula Petroleum
Peninsula Petroleum is the leading integrated global bunker supplier. Over 20 years, we have earned the trust of both our end user clients and a global supplier network. Peninsula has built a truly global operation, connecting our integrated understanding of cargo markets and the dynamics of global supply with the needs of the marine industry.
Peninsula combines physical supply capabilities with a global reselling platform to guarantee optimum delivery solutions. Peninsula’s physical supply ports include the Gibraltar Strait, the Canary Islands, Houston, New Orleans, the ARA (Antwerp, Rotterdam, Amsterdam) and Panama.
Our global sales network stretches across 20 offices and is supported by a very strong risk management, analysis and hedging team ensuring that upstream partners, downstream clients and our funding providers have full peace of mind. It is this conservative approach to trading that defines our successful growth strategy.
Paddy Blewer, Head of Communications
+44 207 766 4002 / +44 7917 205985 / [email protected]