Bunker company Peninsula secures two-year credit of USD 350 million

Backed by a syndicate of banks, bunker company Peninsula secures a two-year credit to continue the development of the company's operations. Peninsula recently entered LNG bunkering.

Photo: Bloomberg/Bloomberg

Bunker company Peninsula has secured an extension of the company's access to credit by another two years through a syndicated loan of USD 350 million.

According to a press release from the company, the credit was obtained despite the fact that many banks have tightened their loan policies during the Covid-19 pandemic.

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