Peninsula360, the leading marine fuel solutions company, has initiated its Global Sustainability Initiative. Having been one of the first suppliers to provide Very Low Sulphur Fuel Oil (VLSFO) in 2019, Peninsula has since focused its strategy on transition and renewable marine energy.
Peninsula’s CEO,
John A. Bassadone explained, “IMO2020 was a complex strategic planning process and we delivered the transition extremely
effectively. Our foresight and
professionalism throughout that
period led to Peninsula deepening relationships with clients and stakeholders;
cementing our position as the
benchmark for quality within the industry. Being
able to adapt and evolve to the changing
market is a core value of the company.” For
Peninsula, the initial phase of our Global Sustainability
Initiative, was to build an LNG supply proposition. In so doing the group is able to positively shape the ever-changing ‘green energy’ landscape.
Peninsula’s
energy transition strategy is the culmination of a wide-ranging consultation
process spanning over 18 months.
With an integrated supply network
already spanning the globe, the
group’s strategy
was to add LNG bunker as an additional service. This took considerable planning
and acquisition of new skills. Building
internal expertise and mapping the supply environment now ensures that relevant LNG solutions can be
provided to Peninsula’s customers. On
the topic of customers, Peninsula
feels that its existing worldwide relationships have proved vital in securing important
knowledge and a clear picture
of current and future demand.
“We are already
in dialogue with multiple customers regarding their LNG strategies” stated
Victor Morales, Peninsula’s Global
Head of Sales & Marketing. “We
are fortunate to have deep relationships
with many customers, either already operating LNG-powered vessels, or in the
final stages of delivering new ships
for service. Building our LNG
proposition around customer needs is a natural
progression for us, Morales added, as it is a methodology we have followed in
conventional bunkering for 25
years. In many cases, customers are
opting for dual-fuelled ships and we will be
uniquely placed to assist them with all their bunkering needs”
Peninsula is a
naturally risk-averse company and when it came to the operational challenges of
Bunker
Supply their planning
has been wholly focused on
replicating its reputation as a safe, quality operator by all stakeholders and in
ensuring that it is ready to meet the transition challenges. Nacho
de Miguel was an early recruit adding significant pedigree to this
process. Having commenced his career in Cepsa’s bunker business, where
he counted Peninsula as a customer, he progressed into LNG-focused senior positions
with Union Fenosa.
“I am fortunate
to have worked extensively in both bunkers and LNG therefore I welcomed the opportunity to bring this experience and
knowledge to Peninsula as it develops its worldwide LNG supply business. The company has a long history of investing for the future and is committed to
delivering a
sustainable marine energy proposition for its global customers.” De Miguel’s position as Head of Business Development for
Peninsula empowers him to lead the entire energy transition strategy and he has already built a team
covering-off the key elements of LNG bunker supply such as technical, regulatory and governance as well
as the commercial agenda for the group.
John A. Bassadone
concluded: “This is another major milestone in Peninsula’s evolution. We have built
a team of very experienced individuals in the sustainability and LNG space who will drive
Peninsula’s
transition to a cleaner future. Peninsula
already has a wide-ranging presence across the
maritime supply chain. Initially
we are using this expertise to progressively build an LNG bunkering proposition, which will benefit our
customers globally. We are already in
advanced discussions with shipyards, governments, maritime authorities, suppliers
and customers, to name but a few, and
the
