World News
Peninsula Lifts Liquidity Ahead of IMO 2020
Peninsula Petroleum says it has lifted the group's global financing facilities by $150M to over $700 million.
"These increased lines are intended to support PPG's growth plans in the higher price environment expected due to IMO 2020," the bunker supplier explained.
The lines include a renewal of its European receivables finance facility with an uplift of $100M, as well as the Group's Singapore facilities.
"It is another positive endorsement for PPG's business model to see the same lending group remain intact and all increase their respective participation amounts," said Peninsula's CEO, John A. Bassadone.
"Peninsula's transition into a global, integrated bunker supplier is more relevant than ever in the context of 2020 and the opportunities it brings for our worldwide platform. We look to the future with enhanced optimism and confidence alongside our banking partners."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
Popular Now More
-
Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience.