• 2019 November 12 17:05

    Peninsula Petroleum Group says is ready for IMO 2020

    On 1 January 2020, the International Maritime Organisation’s 0.50% global sulphur cap becomes effective, marking a major change to the marine fuel environment. Over the past decade, Peninsula Petroleum Group (PPG), a leading global integrated marine fuel supplier, has further invested in and expanded its global physical supply and reselling capability. This is in line with the group’s long-term business strategy built on conservative risk management, which puts PPG in a predominant position of 2020 readiness ahead of time, PPG said in its press release.
     
    Since July, PPG began successfully supplying VLSFO in Europe, the Americas and Asia to its customer base. CEO John A. Bassadone said, “To date we have delivered 300,000 tonnes of VLSFO in our physical supply ports of Gibraltar, Algeciras, Barcelona, ARA, Canary Islands, Malta, Panama, US Gulf Coast and Los Angeles. By 31 December more than 600,000 tonnes will have been delivered to our clients.”
     
    PPG’s focus on the importance of supply chain control and logistics has seen the group increase its strategic global storage positions during 2019, which today includes over 400,000 metric tons of terminal capacity in Europe and a further 370,000 metric tons across the Americas. The group also recently acquired its first Panamax vessel providing increased operational flexibility for product procurement, floating storage and cargo transhipments.
     
    PPG have purchased and added an additional seven product tankers to modernise and upgrade their global fleet of over 30 owned and chartered-in vessels. One of them, an 8,000 dwt tanker, is the first of a new building programme designed to offer more segregation, enhanced quality control and optionality.
     
    On the product side, the business has secured the right flow of compliant fuels matching the demand of its blue-chip customer base enabling PPG to be fully prepared well in advance of 1 January. PPG’s direct relationships with oil majors, large IOCs, refiners and large global commodity traders on the supply side have allowed the implementation of a diverse 2020 procurement offering which has provided clarity to customers on product availability in each of its physical locations.

    Alex Lyra, Global Head of Supply & Trading stated, “We have secured the full mix of products and availability in our physical ports from reliable partners in advance of 2020 and beyond. Our enhanced supply chain offers customers comprehensive solutions across multiple locations.”
     
    To ensure quality control and allay customer concerns, PPG’s operations, logistics and supply chain control allow the purchase of products and components for the production and delivery of compliant fuels well within ISO 8217:2017 specifications, backed up by in-house technical expertise.

    Victor Morales, Global Head of Sales and Marketing commented, "By engaging our customers early on in the 2020 planning phase to better understand their fuel strategies, demands and concerns, we’ve expanded key customer relationships across our entire blue-chip portfolio. This has enabled us to develop a comprehensive supply offering which is relevant and competitive."

    John concludes, “We have been committed to growing our business in a conservative manner and we have invested heavily over the past few years in our people, especially in building out comprehensive middle and back office teams to bolster our controls and processes. Our approach has been endorsed by our stakeholders who’ve shown their confidence in our business.
    “In that regard we have aligned ourselves with the right strategic partners who share our vision. We are optimistic about the challenges and opportunities 2020 brings and our focus of delivering global solutions that add value to our clients remains unchanged.”
     
    ABOUT PENINSULA PETROLEUM:
    Peninsula Petroleum commenced trading in 1996 and is a leading physical supplier and reseller of marine fuels operating from 18 global offices.  With physical supply operations in 15 worldwide ports and global reselling coverage, Peninsula is a diversified group, covering the supply chain from cargo sourcing through to ownership and operation of a modern product tanker fleet. 




2020 November 24

20:09 Ministerial conference under German EU Presidency: “Inland Waterway Transport – key to deliver the Green Deal”
18:18 IAA PortNews to host online webinar: "Billions of tonnes of freight moved on the Chinese rivers: should we give it a try?", Dec 2, 2020
18:15 VARD secures contract for the design and construction of eight Marine Robotic Vessels for Ocean Infinity
18:06 Monjasa acquires Golden-Agri Stena tanker for Middle East operations
17:06 MOL & Miura to сonduct demonstration test with microplastic collection device installed on newbuilding wood chip carrier
16:32 Investors commit billions at Lagos Free Zone in Nigeria
15:03 Incat Crowther releases details of next ShadowCAT concept
14:22 Maqta Gateway and TruKKer to сollaborate on digital truck booking services through “MARGO”
13:14 The schedule of port charges for the ports of Bremen to be adjusted due to Corona pandemic
12:11 Diana Shipping reports financial results for Q3 2020
12:05 The Arktika icebreaker accomplishes its first task in the Northern Sea Route basin
11:32 Port of Hamburg сontainer throughput down 4.9 percent to 2.3 million TEU in Q3 2020
11:25 A WWII air bomb defused near Novorossiysk based CPC Terminal
11:09 CMA CGM to launch the TURKEY MED EXPRESS 2
10:04 MABUX: Bunker market this morning, Nov 24
09:46 Crude futures prices rise on vaccine hopes
09:22 Baltic Dry Index as of Nov 23
09:02 East Coast Australia JIP delivers a new interactive dashboard for LNG forecast

2020 November 23

18:24 North P&I Club pre-renewal report confirms corrective response to market challenges
18:00 RF Government is set to reorganize the structure of development institutions
17:13 4th International Congress “Hydraulic Engineering Structures and Dredging” slated for 25-26 February 2021
16:34 Damen completes Eidsvaag Opal conversion
16:28 STLC and VEB-Leasing to be consolidated into Unified Leasing Company
16:05 Aker Solutions wins maintenance and modifications contract in Brazil from Equinor
15:41 Vard secures contract for eight marine robotic vessels
15:17 RF Transport Ministry confirms its intention to introduce investment charges in seaports from 2021
14:53 Hydrographic boat of Project 19920 joins RF Navy’s Northern Fleet
14:31 Concordia Maritime CFO resigns from his position
14:09 Friendship 2020 joint exercise of the Egyptian Navy and the Russian Navy Bridge ends at the Black Sea Fleet
13:25 Ningbo Containerized Freight index rises by 19.8% in November 2020
12:34 Average spot market price for Russian M100 product climbed to RUB 13,184 pmt
12:12 The UK could increase its ambitions for renewable energy at a lower cost to consumers, new Wärtsilä analysis finds
12:02 Chinese ports container throughput down 0.03% to 217.2 million TEU from January to October 2020
11:53 Global Ports and TransContainer launch expedited delivery of pellets from Siberia to Europe via Saint Petersburg
11:11 Brodosplit lays keels for two coastal patrol vessels
10:19 HELCOM revamps its tool for tracking implementation progress
10:12 MacGregor supports China’s Lingshui 17-2 gas field development
09:57 MABUX: Bunker Market this morning, Nov 23
09:41 Container throughput of port Shanghai (China) in 10M’20 fell by 1.7%
09:25 Oil prices rise on hope for demand recovery
09:12 Baltic Dry Index as of November 20

2020 November 22

16:23 Ørsted and NABTU sign landmark MOU for U.S. offshore wind workforce transition
15:18 Port Canaveral cruise terminal parking to feature E-PASS® contactless transaction technology
14:21 USCG Cutter Stratton returns home after crewmembers test positive for COVID
13:26 New Wallenius SOL service delivers 200,000 extra tonnes of paper reels to PSA Zeebrugge terminal
12:18 Port NOLA's Brandy D. Christian receives 2020 C. Alvin Bertel Award
11:41 BPA announces the release of UK Ports industry magazine
10:42 Coast Guard Cutter Diligence returns to homeport from Caribbean patrol

2020 November 21

16:12 Impact assessment agency of Canada interim report an incomplete analysis omitting a number of important facts
15:49 Cummins introduces X15 Stage V solution for European inland waterways
15:18 Belfast Harbour supports launch of Maritime Belfast Trust
14:07 Remote repair helmet overcomes pandemic restrictions
13:39 Armstrong Marine USA of Port Angeles, Wa. launches new identity as BRIX MARINE
12:24 Mackay provides electronics package for two Vigor-built pilot boats commissioned by Los Angeles Pilot Service
11:38 Third quarter 2020 business activity strong CMA CGM Group operating performance

2020 November 20

18:00 CMA CGM to launch the FLAMINGO EXPRESS service
17:49 Senior Arctic Officials’ plenary meeting held in a virtual format
17:05 Australia to end crew contract extensions
16:52 Port of Algeciras was awarded the ESPO Award 2020
16:33 FSUE "Rosmorport" takes part in International Forum "Transport of Russia"