“This is the latest step in Peninsula’s strategy of converting its remaining light physical operations (barging logistics) into a full physical model (barging plus storage logistics) in the Americas. This follows recent agreements in New Orleans, Los Angeles / Long Beach and Cristobal, Panama,” the bunker supplier said.

The company says the new agreement is also a starting point for storing Peninsula-owned blending components, which are intended to eventually enhance the group’s regional operations.

The new agreement is also a starting point for storing Peninsula-owned blending components

“Growing our global portfolio of storage positions into HOFTI is not only an important step towards further consolidating our local bunkering operation but also a key element for the integration of the group’s regional physical footprint, both on the Atlantic and Pacific coasts,” said Alex Lyra, Global Head of Supply & Trading.

The agreement includes the capability to supply bunkers ex-pipe for ships calling at the terminal.

Last month Peninsula told Ship & Bunker it was launching a new physical bunker supply operation in Los Angeles / Long Beach.

Article republished with permission from Ship & Bunker.

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