Peninsula tied to a pair of LNG bunker newbuilds

Fuel supplier Peninsula has been linked to a pair of LNG bunker vessel newbuilds in South Korea.

Shipbuilding sources suggest the Gibraltar-based tanker and bunker group is behind an order for 18,000 cu m ships announced on Thursday at HD Hyundai Mipo.

The newbuilds, priced at about $93m each, should deliver by November 2027.

Peninsula established its LNG bunkering business in 2021, which was followed by the company’s first newbuilding project through a joint venture with Scale Gas, a subsidiary of Spanish utility Enagás.

The 12,500 cu m Levante LNG was built by HD Hyundai Mipo and delivered in July 2023 on an initial seven-year charter to Peninsula. The ship has since been operating in the Strait of Gibraltar and Western Mediterranean ports.