London bunker and tanker company Peninsula Petroleum Group (PPG) has renewed its European financing facility in a move that adds $100m to the loan.
The package now totals $350m and, when combined with the group’s Singapore facilities, brings global liquidity to more than $700m, it said.
"These increased lines are intended to support PPG’s growth plans in the higher price environment expected due to IMO 2020," it added.
