‘Landmark’ LNG bunker operation for Peninsula

Just days after announcing its new marine LNG business, the marine fuel company has flagged up its first LNG supply operation, delivering bunkers to its customer H-Line Shipping in Malaysian waters in partnership with Petronas Marine.

The operation to deliver 2,760 cbm of LNG – one of the largest LNG bunker stems to date – took place at the end of January. The fuel was supplied to the world’s largest LNG-fuelled bulk carrier, the 180,000 DWT HL Green on its maiden voyage.

Peninsula CEO John Bassadone, commented on the LNG delivery: ‘This is a landmark achievement for Peninsula. I would like to personally thank H-Line and PETRONAS Marine for their continued trust in us, as without them this deal would not have been possible. 

‘The Peninsula approach to traditional marine energy works equally efficiently with more sustainable fuels, without any compromise on product quality, or service, so expect to see more activity in this space. 

He continued: ‘We are also delighted that the sustainability principles of Peninsula fully align with PETRONAS Marine, H-Line and their charterer; POSCO.  It is pleasing to be part of a drive towards positive environmental change, alongside these highly respected companies.’

Nacho De Miguel, who has been appointed to head up Peninsula’s LNG business, added: ‘Delivery took place safely and was completed within 20 hours, a record time for the quantity supplied, including the cooling down of an LNG tank. 

‘H-Line, PETRONAS Marine and Peninsula remained in regular dialogue throughout the process and we look forward to working together again on future LNG bunker deliveries.’

In February Peninsula announced the implementation of its LNG bunkering, small-scale LNG business and Global Sustainability Initiative, and the group says it ‘is working on multiple deals in strategic bunkering locations worldwide’.

The company also said it is ‘committed to developing its own LNG bunkering vessels and is currently in discussions with several shipowners and shipyards to materialise its strategic LNG plan’.

Related reading:

Peninsula launches LNG bunkering business

Lesley Bankes-Hughes

Lesley Bankes-Hughes

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