Global bunker supplier Peninsula will supply HSFO, VLSFO and LSMGO grades in the Suez Canal.

PHOTO: Ship transiting through the Suez Canal. Desert sand on both sides. The ship's bow and rail in the foreground. Getty Images

The company has received a physical bunker license from the Egyptian government and local authorities. Last month, Minerva, another global bunker supplier, received a license to supply bunker fuels in Egyptian ports.

Availability of bunker fuels in Egypt has been lacking in recent months, but is now expected to be boosted by the entries of Minerva and Peninsula as physical suppliers. Some argue that lower production from local refineries has curbed bunker supply volumes recently.

Peninsula has physical bunker operations spanning the Gibraltar Strait, Canary Islands, Barcelona, Malta, Skaw, Gothenburg and the ARA region. It also supplies bunkers in Fujairah, Panama, Mexico and Mauritius.

By Nithin Chandran

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