Following the recent announcement of the commencement of physical operations in the Port of Fujairah, Peninsula has successfully completed its first physical bunker delivery in the region.
The operation was carried out by the newly built 8,000 DWT, 115-metre tanker Hercules Star, which supplied VLSFO to the bulk carrier Evoikos Theo, marking the first delivery under Peninsula’s physical supply licence in Fujairah.
This milestone represents a key step in the establishment of Peninsula’s physical supply platform in one of the world’s most important marine fuel hubs, strengthening the company’s presence across the Arabian Sea and Indian Ocean and complementing its existing global network.
Peninsula’s Fujairah operation is expected to be fully operational by mid-November, with two barges in service, providing customers with a high-quality, reliable bunkering option in a strategically vital trading location. The physical supply business is supported by Peninsula’s newly opened commercial office in Dubai, reinforcing the group’s long-term commitment to the region and the development of strong local partnerships.
Commenting on the launch of operations in Fujairah, John A. Bassadone, CEO of Peninsula, said:
“Peninsula is grateful to the Fujairah Department of Industry and Economy, the Fujairah Free Zone Authority and the Fujairah Port Authority for their trust and collaboration in establishing the company’s physical supply operations. The port is already recognised by shipping customers as a safe and reliable bunkering hub, and Peninsula looks forward to working with the authorities to further enhance its reputation and to support the development of the region’s alternative fuels roadmap.”
The successful first supply reflects Peninsula’s ability to rapidly deploy its global physical supply expertise in Fujairah, aligning with the group’s strategy of building an integrated, high-quality marine fuel platform stretching from the Atlantic and Mediterranean to the Middle East and the Indian Ocean.
Congratulations to Peninsula’s global commercial, operations and fleet management teams, as well as the Dubai office, whose close collaboration has enabled the seamless and timely start-up of physical supply operations in the Port of Fujairah.