Singapore | October 24, 2025 – Peninsula, the global leader in marine energy solutions, has renewed its US$400 million Singapore-based syndicated credit facility, underscoring its position as one of the most financially resilient and strategically positioned players in the global marine fuels industry.
This renewal, which follows the successful refinancing of Peninsula’s European banking facility earlier this year, further consolidates the group’s total funding capacity to over US$1.5 billion when combined with its other bilateral credit lines. The achievement marks another milestone in Peninsula’s long-term financial strategy—one that emphasizes diversification, resilience, and scalability across its global operations.
Strategic Renewal Reflecting Long-Term Confidence
The Singapore facility remains at US$400 million, maintaining strong backing from a syndicate of eight leading international banks. Notably, several existing and prospective lenders expressed interest in increasing their commitments during the renewal process—a clear indication of deepening confidence in Peninsula’s balance sheet strength and risk-managed growth model.
Embedded within the renewed structure is a US$75 million accordion option, which provides Peninsula the flexibility to scale the facility up to US$475 million should market conditions and growth opportunities demand additional capital. This built-in expansion capability ensures that the company remains agile and well-equipped to respond to the evolving dynamics of the global marine fuels market.
In alignment with the structure of its European facility, the Singapore syndicate features a two-year committed tranche—a vote of confidence that reflects the long-term trust Peninsula enjoys among top-tier financial institutions.
The syndicate remains unchanged and includes some of the most reputable names in international banking:
HSBC (Mandated Arranger and Facility Agent), UOB, Citi, Lloyds Bank, Mashreq Bank, Arab Banking Corporation (B.S.C.), OCBC, and QNB Singapore. Discussions are also underway with additional banks expressing strong interest in joining the facility in the near future.
Diversification and Financial Strength at the Core
This renewal forms part of Peninsula’s strategic effort to diversify its lender base across key maritime and financial hubs—Europe, the Middle East, and Asia—ensuring that its operational growth is matched by a robust, globally distributed financing structure.
The company’s steady expansion in physical supply operations, digital trading platforms, and sustainable marine energy solutions has been underpinned by a disciplined approach to financial management and risk mitigation.
Leadership Commentary
John A. Bassadone, CEO of Peninsula, emphasized the growing importance of financial strength and liquidity in navigating the future of marine fuels “Future success in the marine fuels industry will increasingly require both significant capital and liquidity. I’m proud that we deliver both through a robust balance sheet, risk-aware business model, and enduring relationships with world-class banks. This facility renewal is yet another testament to Peninsula’s strength, stability, and leadership in marine energy.”
Echoing this sentiment, Tom Francisco, CFO of Peninsula, highlighted the company’s longstanding credibility within the international banking community “Peninsula’s reputation for disciplined execution and strong governance resonates across the banking community. The re-engagement of our Asian syndicate—alongside new interest—reflects the trust in our strategy and platform. We’ve never been in a stronger financial position than we are today.”
A Platform Poised for Sustainable Growth
Peninsula’s continued access to multi-billion-dollar funding lines reinforces its ability to support customers with reliable, compliant, and increasingly low-carbon marine energy solutions—a critical factor as the shipping industry accelerates toward decarbonization.
With operations spanning major global bunkering hubs and an expanding portfolio in alternative fuels, including biofuels and LNG, Peninsula’s strong financial footing positions it at the forefront of the sector’s energy transition.
About Peninsula
Peninsula is a global leader in the supply of marine fuels and a trusted partner to over 2,000 customers worldwide. With an international network of offices and operations in all major world ports, the company delivers marine energy solutions through multiple physical supply stations and a comprehensive global trading network, performing over 25,000 deliveries per year. Peninsula has recently expanded its physical supply network into strategic hubs including Abu Dhabi, Jebel Ali, and Houston, ensuring greater flexibility and reliability for customers.
Peninsula is a strong advocate of maritime decarbonisation, actively supporting the journey to net zero by 2050. It has incorporated LNG and Biofuels into its product range and is actively exploring other alternative fuel options. Through initiatives like active participation in industry working groups such as ISO 8217, Peninsula is at the forefront of alternative fuel development and bunker quality standards. The company remains fully aligned with regulatory frameworks such as FuelEU Maritime and the EU Emissions Trading System (EU ETS), assisting customers in navigating compliance while achieving their own decarbonisation goals.
Source: Peninsula – Energy Flowing