EMEA News
Peninsula Petroleum Commences Physical Supply in Barcelona
Peninsula Petroleum today announced that it has commenced physical supply operations in the Port of Barcelona, having moved 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," the supplier said.
"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," the company explained.
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.”
