Peninsula Petroleum is pleased to announce the initial stage of a new physical operation in Los Angeles / Long Beach. This is a logical next step in Peninsula’s development adding value to both regional supply partners and global clients.
The operation will comprise a strategic storage facility as well as a dedicated barge fleet and is expected to become fully active by January 2018 following a Q4 2017 gradual implementation process. It will be managed by an experienced team headquartered in Houston with Peninsula’s core advantage of its 20 worldwide offices providing global sales and marketing support.
A major reason for selecting Los Angeles / Long Beach as Peninsula’s next expansion area is its importance as an operations hub for a large number of core global clients. This new supply position means Peninsula can better add value to its clients when and where needed.
Physical capability in Los Angeles / Long Beach strengthens a regionally integrated supply solution on the Pacific Coast connecting with the long established and successful Panama operation. Peninsula will build on its existing relationships with West Coast refineries seeking mutual benefit.
Los Angeles / Long Beach is Peninsula’s 7th physical hub (see below for full list of locations) meaning it is now supplying in 7 of the world’s top 10 bunkering markets. In addition it is Peninsula’s 6th global storage position and the 3rd in the US adding to existing capacity in Houston and New Orleans.
John Bassadone, CEO of Peninsula commented:
Entry into Los Angeles / Long Beach is yet another step towards executing our strategic plan for expansion of our physical supply network. We are confident that the operation will be a success and that it should be seen in a wider context: Peninsula Petroleum provides global solutions to both our clients and supply partners.
About Peninsula Petroleum
Peninsula Petroleum is the leading integrated global bunker supplier. Over 20 years, Peninsula has earned the trust of both end user clients and the international supplier network. Peninsula has built a truly global operation, connecting its 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. Physical supply locations include Panama, Houston, New Orleans, Los Angeles / Long Beach, Gibraltar Strait, Barcelona, Malaga, ARA ports.
Peninsula’s global sales network stretches across 20 offices and is supported by world class risk management, analysis and hedging teams, ensuring that upstream partners, downstream clients and funding providers have full peace of mind. It is this conservative approach to trading that defines Peninsula’s successful growth strategy.
Paddy Blewer, Head of Communications
+44 207 766 4002 / +44 7917 205985 / [email protected]