Peninsula, a leading independent marine energy supplier, announces the expansion of its physical supply operations in Algoa Bay, South Africa.
This marks the latest step in the company’s strategic expansion, following continued success in Mauritius, Egypt, and a robust Intra-African reselling portfolio.
In collaboration with Linsen Nambi, a well-established South African logistics service provider and bunker barge operator, Peninsula will harness local expertise to provide its customers with reliable and efficient solutions in Algoa Bay.
Port Elizabeth and the Coega Port are located within Algoa Bay on South Africa’s southeastern coast – strategically positioned along major international shipping routes, making it an ideal bunker hub.
From October, Peninsula is set to deliver bunkering services for HSFO and VLSFO from a port that sits on one of the world’s busiest maritime routes.
John A. Bassadone, CEO at Peninsula, said: “Our expansion into Algoa Bay is testament to our commitment to providing consistent product availability and optionality to our global customer network.
Linsen Nambi’s local expertise has been invaluable as we prepare to launch the operations, and we look forward to continued collaboration that paves the way for increased activity in South Africa.”
Guillermo Cancela, Regional Supply Manager for the Middle East and Africa at Peninsula added: “Algoa Bay is an area that, crucially, enables vessels to bunker without berthing, significantly reducing waiting times and lowering costs.
Together with our established presence in Mauritius, Algoa Bay allows us to create operational synergies across both markets.
By making key fuels available at these locations, we are opening doors for new opportunities and providing a reliable service to customers across the continent.”
The launch of Peninsula’s operations follows collaboration with a variety of local stakeholders to reestablish the region’s bunkering activities, in line with the new regulation protocols, providing more options to ship operators working in the region.
Durand Naidoo CEO at Linsen Nambi, said: “Peninsula’s entry into this market is a strong vote of confidence in the South African bunker industry and highlights its long-term potential.
The growth of Algoa Bay as a bunkering destination benefits the region and strengthens South Africa’s role in global shipping.”
