Peninsula - Experts & Thought Leaders

Peninsula, the pioneer in marine energy solutions, has successfully renewed its $400 million Singapore-based syndicated credit facility — reinforcing its position as one of the most financially robust players in the sector. This follows the renewal of Peninsula’s European banking facility earlier this year and, together with other bilateral lines, brings the group’s total funding capacity to over $1.5 billion. Peninsula’s resilient business model The Singapore facility remains at $400 million, with several banks actively seeking to increase their commitments during the renewal process. A $75 million accordion option has been embedded, allowing the facility to scale to $475 million — future-proofing Peninsula’s financial flexibility. Mirroring the structure of the European facility, the Singapore syndicate includes a 2-year committed tranche, a clear signal of long-term confidence from top-tier banks in Peninsula’s resilient business model. Peninsula’s strategic approach The syndicate remains unchanged, comprising eight leading financial institutions, with additional lenders expressing strong interest in joining. This renewal marks another milestone in Peninsula’s strategic approach to diversifying its lender base across key global regions—ensuring its steady growth trajectory is matched by equally committed financial partners. Future success in the marine fuels John A. Bassadone, CEO of Peninsula, commented: “Future success in the marine fuels industry will increasingly require both significant capital and liquidity. I’m proud that we deliver both through a robust balance sheet, risk aware business model and enduring relationships with world-class banks. This facility renewal is yet another testament to Peninsula’s strength, stability, and leadership in marine energy.” Peninsula continues to mandate HSBC as Arranger and Facility Agent. The syndicate includes UOB, Citibank, Lloyds, Mashreq Bank, Arab Banking Corporation (B.S.C.), OCBC, and QNB Singapore. Peninsula’s reputation Tom Francisco, CFO of Peninsula, said: "Peninsula’s reputation for disciplined execution and strong governance resonates across the banking community." He adds, "The re-engagement of our Asian syndicate — alongside new interest — reflects the trust in our strategy and platform. We’ve never been in a stronger financial position than we are today.”

Peninsula, the world’s prominent independent marine energy supplier, is proud to announce the expansion of its U.S. Gulf Coast operations to include the offshore market, with a primary focus on the Galveston Offshore Lightering Area (GOLA). This strategic move reinforces Peninsula’s commitment to delivering high-quality, flexible, and sustainable marine fuel solutions to a growing customer base across the Americas. Supply & Operations will be managed by Peninsula’s experienced Houston Physical Desk, leveraging deep regional expertise and a proven track record in offshore bunkering. Benefits for the new supply platform The operation will be supported by the 16,626DWT bunker tanker MT Stenheim, offering a full suite of marine fuels including HSFO380, VLSFO 0.5%, LSMGO, and will have the ability to supply biofuels, underscoring Peninsula’s commitment to energy transition. The new supply platform benefits from: Port optionality between Houston/Port Arthur inshore and Galveston Offshore Access to comprehensive market intelligence, enabling competitive pricing and strategic positioning A diverse customer portfolio, including offshore segments and specialised vessel classes U.S. Gulf Coast market Mike Parrent, USGC Physical Desk Manager at Peninsula said: “Our entry into the U.S. Gulf Coast market is a natural evolution of our global expansion strategy.” “With our experienced team, robust data insights, and flexible operations, we are well-positioned to deliver value and reliability to customers operating in one of the world’s most dynamic marine energy markets.” Peninsula’s operational reach In addition to GOLA, Peninsula’s operational reach includes optionality for South Sabine and Offshore Corpus Christi, further enhancing service coverage and customer convenience. The entry to the Mississippi at South West Pass, as well as the LOOP terminal, both in Louisiana, are within range, but given the necessary sailing time to reach these locations, will remain subject to enquiry. This expansion strengthens Peninsula’s position as a trusted partner in the global marine energy supply chain.

Global marine energy supplier, Peninsula, has announced the expansion of its physical supply network into the Houston market and surrounding areas. Peninsula’s re-entry will be led by Houston-based Mike Parrent who joins Peninsula as Physical Desk Manager, and Elisha Frank as Operations Executive.  Peninsula’s hybrid business model Both Mike and Elisha bring deep experience and are well-known to global customers for their knowledge and service delivery. Full operations will commence in December. John A. Bassadone, CEO of Peninsula, said: "We’re delighted to be back in the Houston area, offering fresh regional supply options. It’s testament to Peninsula’s hybrid business model that we can work physical business, alongside our reselling portfolio to optimise choice and quality for our global customer base." Peninsula’s global scale Mike Parrent said: "Elisha and I are excited to get regional physical supply flowing. The combination of Peninsula’s global scale and customer reach, combined with our expertise and insight, will bring significant value." He adds, "We’re confident that customers will put their trust in this formula and we’re proud to join Peninsula as the business continues to thrive and expand."