Bassadone spins off Peninsula’s shipping business

Bunkering giant Peninsula has spun off its shipping activity. John Bassadone, Peninsula’s founder, yesterday officially launched his shipping venture, Hercules Tanker Management (HTM), operating as an independent shipowner, active in chartering tonnage and commercial management. Tonnage previously owned and operated by Peninsula has moved to HTM, but will continue to be utilised by Bassadone’s marine …

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