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Peninsula Petroleum continues Singaporean growth

03 November 2016

Highlights

  • Successful 10 years in Singapore
  • Move to new and larger office demonstrates Peninsula’s belief in its current team and the prospects for continued growth
  • Peninsula committed to Singapore as a world class energy & marine hub

 

Peninsula Petroleum (“Peninsula” or “the Group”) today moved into new offices at Suntec City, Tower 2. This move was made to facilitate the continued growth of the Group since opening its first office in Singapore in 2006.

Peninsula’s APAC HQ is in Singapore and the team includes not just a significant bunker supply / reselling capability but also the vital risk & credit management teams, operations specialists and regional middle and back office teams that help Peninsula guarantee delivery to our clients across Asia.

John Bassadone, CEO of Peninsula Petroleum commented

I’m delighted that we are ready to make this move and continue our Singapore based growth. The Singapore Government and the Maritime Port Authority has created a world class, pro-business environment that we are delighted to invest in, illustrated by the introduction of mass flow meters.

We hope to continue our organic growth in Singapore, but to also diversify our operations in keeping with Peninsula’s global strategy of continuing to build a truly integrated bunker supply business.

 

Ends

 

About Peninsula Petroleum
Peninsula Petroleum is a leading global independent bunker fuel and lubricant supply business. 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.

 

Contacts
Paddy Blewer, Head of Communications
+44 207 766 4002 / +44 7917 205985 / [email protected]