LNG & Worldwide LNG Supplier - Peninsula360

 

Our future is energy

We operate as a physical distributor as well as a reseller of global marine fuel (bunker). With an international network of offices and operations in the world’s busiest ports, we guarantee high quality products and first-class customer care at all times. Our highly skilled team is available 24 hours a day, seven days a week, 365 days a year. We provide professional, cost-effective ways of meeting marine fuel needs, swiftly and efficiently – anywhere in the world. We provide a full range of marine services, including dedicated barging facilities, ship agency, and a worldwide in-house ship repair and maintenance network.

The regulation of greenhouse gas emissions in the shipping industry has been made a priority by the United Nations (UN) through the International Maritime Organization (IMO). The IMO has set targets to reduce the industry’s carbon emissions by at least 50 per cent by 2050. Meeting these targets will require ships producing substantially less carbon emissions to be on the water by 2030.

A proven approach to reach these targets is to use Liquefied Natural Gas (LNG) for as the main fuel source propulsion.

LNG has lower particulate, sulphur and nitrous emissions and produces considerably less greenhouse gas intense than traditional heavy fuel oil and marine diesel oil.

LNG infrastructures in main bunkering hubs around the world will help the shipping industry make the move to a more sustainable fuel proposition.The adoption of LNG as a bunkering fuel is expanding across the globe, with new bunkering infrastructure being built in Europe, Asia and North America.

BENEFITS OF LNG

EMISSIONS

It emits virtually no sulphur oxides (SOx) and particulate matter (PM). Compared to existing heavy marine fuel oils, LNG can emit up to 85% fewer nitrogen oxide (NOx) emissions.

DECARBONISATION

LNG provides a way to meet the IMO’s decarbonisation target of a 40% decrease by 2030 for international shipping. Longer term LNG offers a decarbonisation pathway for shipping to become carbon neutral using liquefied biomethane (LBM) produced from biomass and liquefied synthetic methane, (LSM) produced from renewable electricity.

BUNKERING

LNG bunkering infrastructure can be used to supply zero-carbon fuels in the form of liquefied biomethane (LBM) or liquefied synthetic methane (LSM), with little or no modification, so enabling the transition to a decarbonised shipping industry.

SAFETY

Over the past 50 years, more than 100,000 commercial LNG cargoes have been safely delivered and global LNG shipments have covered more than 130 million miles – about 5,000 times around the earth – without any major safety incidents in port or at sea.

Peninsula Backs Marine Conservation Project To Restore Gibraltar’s Underwater Ecosystem

 

Peninsula, a global leader in the supply of marine fuels, is fully funding a local marine conservation initiative aimed at restoring Gibraltar’s coastal seagrass meadows, which could see native species like the seahorse return to its natural habitat.

The announcement was made at an official launch event for the initiative, held in Gibraltar, and attended by His Excellency, Governor of Gibraltar, Ben Bathurst, Gibraltar’s Minister for Health, Care, and Business, Gemma Arias-Vasquez, Minister for the Environment, Sustainability, Climate Change, and Education, John Cortes and Peninsula’s CEO and Founder, John A. Bassadone.

Attendees at the launch event heard presentations from Founder of The Nautilus Project, Lewis Stagnetto, and Peninsula’s Nick Gordon, about the environmental restoration initiative.

Run by The Nautilus Project, The Seagrass Restoration Project aims to restore Gibraltar’s native seagrass meadows, which have been displaced over the last decade, resulting in entire species such as the seahorse, disappearing from the area.

By growing seagrass in dedicated nurseries under optimal conditions and eventually transplanting the seagrass beds into the ocean, The Seagrass Restoration Project plans to restore native habitats and encourage biodiversity.

The seagrass beds will also help reduce atmospheric carbon by acting as a natural carbon sink, with early estimates suggesting the project could sequester over two tonnes of carbon annually.

John A. Bassadone, Peninsula’s CEO and Founder, said: “The conservation of the marine ecosystem and responsibly managing the impacts our activities have on the environment are very important to the team at Peninsula.

“In The Nautilus Project, we have found a partner that aligns with our values and shares our appreciation for the maritime world. We can’t wait to watch this project take root and restore the local ecosystem.”

Lewis Stagnetto, Founder and Marine Biologist at The Nautilus Project, added: “This is a fantastic opportunity to highlight the importance of seagrass restoration, which is crucial for supporting marine biodiversity.

“This is an international issue and our hope is that this initial project will serve as a model that can eventually be adapted and implemented in various regions around the world. Through this collaboration, our aim is to educate and foster resilient marine environments that support diverse wildlife.”

Peninsula has a major base in Gibraltar and is the largest marine fuel supplier by volume in the area, having commenced supplying bunkers in the port of Gibraltar in 1996.
For more information, please visit: www.peninsula360.com