Marine fuels supplier Peninsula launches Hercules Tanker Management (HTM) to manage 44 vessels and expand in the tanker freight sector.

Marine fuels supplier Peninsula has launched Hercules Tanker Management (HTM), an independent entity to manage its shipping operations. HTM inherits 44 vessels, including deep-sea tankers, and aims to expand in the tanker freight sector, focusing on transporting fuel oil and refinery feedstocks. CEO John Bassadone emphasizes the need for a specialized tanker company to capitalize on growing cargo flows and improve operational efficiencies through larger vessel operations.

September 11, 2024
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