Aegean Marine Petroleum Network Inc. Expands Strategic Presence in the U.K.
Commences Bunkering Operations in Falmouth Harbour
November 19, 2012 – Aegean Marine Petroleum Network Inc. (NYSE: ANW) is pleased to announce that is has been granted permission by the Falmouth Harbour Commissioners to provide bunker deliveries at the Port of Falmouth, U.K., effective immediately.
Falmouth Harbour is the third largest natural harbour in the world and is ideally located at the western entrance to the North Sea and English Channel Emissions Control Area (ECA). The port of Falmouth expands Aegean’s strategic presence in the U.K. as it currently provides bunkering operations in Portland Harbour and further strengthens the Company’s position as a leading supplier of marine fuels throughout North West Europe (NWE).
All grades of marine Fuel Oil and MGO will be available, meeting the latest ISO specifications. The bunkering deliveries will be conducted by four state-of-the-art modern double hull bunkering tankers, the “Sara”, “Syros”, “Paxoi” as well as the MT “Naxos,” which is expected to join Aegean NWE’s fleet during the first week of December 2012.
Aegean remains committed to providing superior service to its customers that operate on a worldwide basis and adhering to the highest environmental standards.
All inquiries will be handled mainly by the sales team in Aegean NWE's Antwerp office and through Aegean Marine’s worldwide sales offices.
Aegean commences bunkering operations at Hong Kong
.
Aegean Marine Petroleum SA is pleased to announce the commencement of bunkering operations at HONG KONG, located by the South China Sea.
Once again Aegean expands its global reach by entering into this strategic market.
The Port of Hong Kong is a deepwater seaport dominated by trade in containerized manufactured products, and to a lesser extent raw materials and passenger. It is one of the busiest ports in the world, playing a vital role in international maritime trade.
With its presence in Hong Kong and in combination with the bunkering station in Singapore, Aegean further strengthens its position as a leading supplier of marine fuels in Asia .
All grades of marine Fuel Oil and MGO will be available, meeting latest ISO specifications. Initially, the bunker deliveries will be conducted by the new-building double-hull bunkering tanker ANAFI within port and anchorage limits on a 24 hour basis / 7 days a week.
CAPACITY (MT)
PUMPING RATE (CBM/HR)
M/T ANAFI
FUEL
MGO
IMO NO. 9460849
3300
650
300--500
Aegean is committed to providing the highest level of service to its customers worldwide.
Looking forward to fulfilling your bunker requirements in Hong Kong.
Please direct all inquiries to Aegean's Worldwide Sales Offices.
Regards,
Aegean Marine Petroleum S.A.
AEGEAN, Powering the World at: Amsterdam / Antwerp /Balboa-Cristobal / English Channel / Fujairah / Gibraltar / Jamaica / Khor-Fakkan / Las Palmas-Tenerife /Hong Kong / Mexico / Montreal / Morocco-Tanger Med-Fnideq / Piraeus / Portland-UK / Rotterdam / Singapore / Trinidad & Tobago / Vancouver / West Africa-Ghana.
Aegean Marine Petroleum Network Inc.
Announces Expansion Plans in Barcelona, Spain
.
Signs Agreement to Secure Onshore Fuel Oil Storage Capacity in Port of Barcelona; Company Plans to Commence Physical Supply Operations by the End of Q1 2013
PIRAEUS, Greece, Aug. 8, 2012 /PRNewswire/ -- Aegean Marine Petroleum Network Inc.(NYSE: ANW) today announced that it has signed a definitive agreement with Meroil, a Barcelona-based oil and energy logistics company, which among other activities, operates the largest Spanish coastline terminal for petroleum products in the Port ofBarcelona, to secure onshore fuel oil storage capacity in that terminal. In addition, the Company plans to establish a new service center and commence physical supply operations in Barcelona by the end of the first quarter of 2013.
The port of Barcelona serves as a key transportation hub located along major seaborne trade routes, totalling approximately 10,000 transits per year and generating approximately 1.2 million metric tons of annual marine fuel sales volumes. The port, which also benefits from extensive cruise passenger travel, is currently undergoing a modernization and expansion plan headed by the Barcelona Port Authority that is expected to substantially increase the port's capacity upon completion in 2014.
The onshore fuel oil storage capacity secured by Aegean totals approximately 50,000 cubic meters. Complementing its access to onshore storage in the port of Barcelona, Aegean intends to provide retail bunkering services to all major shipping sectors as well as leading cruise lines, in port and at sea.
E. Nikolas Tavlarios, President, commented, "We are excited to expand our global presence by establishing operations in Barcelona. This new and attractive market provides Aegean with compelling growth opportunities as we seek to increase the utilization of our large and modern delivery fleet following the completion of our newbuild program earlier this year. The port of Barcelona is ideally located in the West Mediterranean and is poised for significant growth. We intend to build market share by capitalizing on our leading reputation for providing an integrated solution for the supply and delivery of marine fuel on a worldwide basis and leveraging our extensive customer relationships. As we remain focused on expanding our geographical portfolio in a cost-effective manner and taking advantage of our scalable logistics infrastructure, we expect to further strengthen Aegean's global brand recognition and increase the Company's future earnings potential."
About Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 19 markets, including Vancouver, Montreal, Mexico,Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, theAntwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Cape Verde andPanama. The Company has also entered into a strategic alliance to extend its global reach to China. To learn more about Aegean, visit http://www.ampni.com.
About Meroil S.A.
Meroil was founded in 1993 as an independent oil operator with the aim of supplying fuel and related products to service stations, distributors, industries and the agricultural sector. The birth of Meroil was the most important, solid and financially solvent project amongst all those that have been developed in the Spanish energy sector by independent companies since the liberalization of the oil sector in Spain.
The construction of the reception and fuel distribution Terminal in the Barcelona port in 2004 and its latest extension completed in 2012 has provided Meroil with one of the biggest terminals worldwide with a surface area of 125,000 m2 and a storage capacity of 1.000.000 m3 of fuel distributed over 45 tanks.
Meroil has a distribution network of over 200 registered service stations throughout the country.
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include our ability to manage growth, our ability to maintain our business in light of our proposed business and location expansion, our ability to obtain double hull secondhand bunkering tankers, the outcome of legal, tax or regulatory proceedings to which we may become a party, adverse conditions in the shipping or the marine fuel supply industries, our ability to retain our key suppliers and key customers, material disruptions in the availability or supply of crude oil or refined petroleum products, changes in the market price of petroleum, including the volatility of spot pricing, increased levels of competition, compliance or lack of compliance with various environmental and other applicable laws and regulations, our ability to collect accounts receivable, changes in the political, economic or regulatory conditions in the markets in which we operate, and the world in general, our failure to hedge certain financial risks associated with our business, our ability to maintain our current tax treatments and our failure to comply with restrictions in our credit agreements and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
SOURCE Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc., +1-212-763-5665, investor@ampni.com, Investor Relations, Leon Berman, Principal, The IGB Group, +1-212-477-8438
Aegean Marine Petroleum Network Inc.
Announces Strategic Alliance with China Changjiang Bunker (Sinopec) Co. Ltd.
Extends Global Reach to China
PIRAEUS, Greece, April 9, 2012 /PRNewswire/ -- Aegean Marine Petroleum Network Inc.(NYSE: ANW) today announced that it signed a Memorandum of Understanding to establish a strategic alliance with China Changjiang Bunker (Sinopec) Co. Ltd. (CCBC), a Chinese state-owned enterprise jointly owned by SINOPEC Sales Co., Ltd. andSINOTRANS & CSC. CCBC is one of China's five state-certificated bonded bunker suppliers and among the largest bunker supply companies in China. The strategic partnership, which is expected to become effective during the second quarter of 2012 upon completion of final documentation, will enable Aegean to meet the marine fuel needs of its customers in mainland China.
Under the terms of the agreement, CCBC will utilize its position as one of China's largest bunkering companies to provide comprehensive marine fuel services on behalf of Aegean's customers in strategic ports, including all Changjiang River ports and certain coastal ports such as Nanjing, Zhenjiang, Yangzhou, Taizhou,Changzhou, Jiangyin, Nantong, Changshu, Zhangjiagang, Taiccang, Shanghai(excluding Yangshan), Ningbo, Tianjin, Qingdao (scheduled to open by the end of 2012), Dalian, and others. Aegean will be responsible for the supply and delivery of marine fuels to CCBC's customers in Aegean's network currently covering 19 countries throughout North America, South America, Central America, Europe, Africa and theMiddle East.
Dimitris Melisanidis, Head of Corporate Development at Aegean, commented, "Our strategic alliance with CCBC provides important strategic benefits for our Company. First, we are extending our global reach to mainland China, enabling Aegean to establish an initial footprint in some of the world's largest ports. Second, Aegean is expanding its global scale in a prudent, cost-effective manner by partnering with one of China's largest physical suppliers of bonded bunker fuels. And third, this alliance will further strengthen Aegean's ability to meet the needs of its customers that operate on a worldwide basis. We look forward to working closely with CCBC and building a mutually beneficial relationship over the long term."
Jinghan Yao, a Member of the Board and General Manager of CCBC, stated, "We are pleased to form a strategic alliance with Aegean Marine Petroleum Network. The Company's bunkering network throughout the world provides a good choice for us to offer integrated marine fuel services to customers outside the Chinese market. By combining our efforts with Aegean to deliver innovative customer solutions, we are confident our partnership will provide significant long-term value for both companies. The specific operation of the program will be defined in the cooperation agreements to be signed by the two parties in the future."
About Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 19 markets, including Vancouver, Montreal, Mexico,Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, theAntwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Cape Verde andPanama. To learn more about Aegean, visit http://www.ampni.com/.
About China Changjiang Bunker (Sinopec) Co. Ltd.
China Changjiang Bunker (Sinopec) Co. Ltd. (CCBC) is a large fuel oil sales company jointly owned by SINOPEC Sales Co., Ltd. and SINOTRANS & CSC (a merging corporation of China National Foreign Trade Transportation Group and China Changjiang National Shipping Group Corporation). It is one of the top 10 foreign trade companies in Hubei Province, China.
The business scope of CCBC covers the supply, sale, trade, transportation and storage of marine fuels and marine lubricants. CCBC has 88 overwater gas stations along the Changjiang River, more than 230 well-equipped bunker barges and one exclusive railway line. Its total storage capacity is approximately 500,000 cubic meters.
CCBC is headquartered in Wuhan, and its 20 branches spread along the main routes of the Changjiang River and extend to coastal areas with locations in Chongqing, Wanzhou, Yichang, Jingzhou, Yueyang, Wuhan, Huangshi, Jiujiang, Anqing, Wuhu,Nanjing, Zhenjiang, Jiangsu, Shanghai, Ningbo, Shenzhen, Dalian, Tianjing and Qingdao. An Oil Transportation branch is located in Wuhan. For more information, please visit CCBC's website at http://www.ccbc.net.cn/.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include our ability to manage growth, our ability to maintain our business in light of our proposed business and location expansion, our ability to obtain double hull secondhand bunkering tankers, the outcome of legal, tax or regulatory proceedings to which we may become a party, adverse conditions in the shipping or the marine fuel supply industries, our ability to retain our key suppliers and key customers, material disruptions in the availability or supply of crude oil or refined petroleum products, changes in the market price of petroleum, including the volatility of spot pricing, increased levels of competition, compliance or lack of compliance with various environmental and other applicable laws and regulations, our ability to collect accounts receivable, changes in the political, economic or regulatory conditions in the markets in which we operate, and the world in general, our failure to hedge certain financial risks associated with our business, our ability to maintain our current tax treatments and our failure to comply with restrictions in our credit agreements and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
Aegean Marine Petroleum Network Inc. Announces New Corporate Identity for Verbeke Bunkering Subsidiary to Operate as Aegean NWE
PIRAEUS, Greece, March 21, 2012 – Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced its subsidiary, Verbeke Bunkering N.V., will introduce a new company name, Aegean North-West Europe (“Aegean NWE”), effective April 1, 2012.
The new corporate identity is designed to reflect the company’s position as a leading physical supplier of marine fuel in the North-West European region under the Aegean Marine brand. In addition, Aegean NWE will assume all marketing and operating functions of Aegean Marine’s Bunkers at Sea subsidiary, which provides in-port and offshore bunkering services in numerous locations in the English Channel, North Sea and St. George Channel.
By taking full advantage of Aegean Marine’s global brand recognition and streamlining the marketing and operating functions between the parent Company’s two Belgian-based subsidiaries, Aegean NWE will further enhance its ability to realize important operating synergies and strengthen its leadership position in the North-West European Market.
About Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 19 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Cape Verde and Panama.
The contact details for the re-branded subsidiary are as follows:
FULL NAME
AEGEAN NWE NV
Nijverheidsstraat 7
B-2960 St. Job in ‘t Goor
Belgium
Aegean Marine Petroleum is pleased to announce the immediate commencement of bunkering operations at FNIDEQ ANCHORAGE, North Morocco. Once again Aegean expands its presence in this strategic market through another location.
Tanger Med is a significant location which lies on the North African Coast at the Western entrance to the Straits of Gibraltar where the Mediterranean meets the Atlantic Ocean and FNIDEQ ANCHORAGE is situated 20miles South of Gibraltar Eastern anchorage just below the Spanish enclave of ‘Ceuta’ in Morocco.
The area, about 2 miles from shore, is well protected by North, West and South winds with a draft varying from 30m to 100m (1 to 4 shackles).
It is also a ‘waiting for order’ area where ships can anchor.
FNIDEQ ANCHORAGE coordinates are the following:
35. 51. 7N/005.20.1W – 35. 51.7N/005.18.7W
35. 46. 4N/005.20.1W – 35. 46.4N/005.19.1W (SHOM number 7433 or English equivalent)
All grades of marine FUEL OIL - high and low sulphur and MGO, are available and ISO 8217/2010 specifications are guaranteed. Offers will be quoted on a delivered basis (including barging). All bunker deliveries will be conducted by our modern Double-hull new building tankers. Current capacity per barge is 5100 mts in FUELS and 550 mts in MGO with a pumping capability of 300-500 mt/hr, operating 24 hours a day/7 days a week.
AEGEAN by expanding its presence at FNIDEQ ANCHORAGE can meet any requirement in the whole area including Gibraltar, Tanger Med (in port and at anchorage) and FNIDEQ (south of Ceuta).
Aegean is committed to providing the highest level of service to our customers worldwide. We look forward to fulfilling your bunker requirements at FNIDEQ.
Please direct all inquiries to Aegean’s Worldwide Sales Offices.
Regards,
Aegean Marine Petroleum S.A.
Aegean Enters New Market in Tenerife
Aegean Marine Petroleum Network Inc. Enters New Market in Tenerife
Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced it has expanded its global network by establishing physical supply operations in Tenerife, located in the Canary Islands near the northwest coast of mainland Africa, effective immediately.
Tenerife serves as a key commercial hub located along major trans-Atlantic seaborne trade routes, generating total annual marine fuel sales volumes of more than 1.5 million metric tons. Including Las Palmas, where the Company commenced operations in August 2010, the ports in the Canary Islands where the Company now operates generate more than 3.5 million metric tons in annual marine fuel sales volumes. Aegean will manage the operations in Tenerife from the Company's existing service center in Las Palmas. Initially, Aegean intends to utilize the two existing double-hull bunkering tankers in Las Palmas to serve Tenerife.
Nikolas Tavlarios, President of Aegean, commented, "We are pleased to solidify our strategic presence in the Canary Islands, as planned, by establishing operations in Tenerife. This new market complements our presence in nearby Las Palmas, where we have experienced strong demand for our integrated services, and provides our customers with greater flexibility as we continue to expand our global reach. Including Tenerife and the two ports in Panama, Aegean will serve 19 markets covering more than 50 ports worldwide, as compared to 5 service centers at the time of our IPO, positioning the Company well to strengthen its industry leadership and expand its future earnings potential."
Aegean expands presence in Panama
Aegean Marine Petroleum Network Inc. announced it had been awarded a 20-year concession by the Panamanian Maritime Authority (PMA) to operate onshore storage facilities in the ports of Cristobal and Balboa in Panama on an "exclusive basis."
According to a press release, the award is subject to the fulfillment of certain conditions by the company and completion of definitive documentation with the appropriate Panamanian authorities. These conditions had not yet been released to the public.
In addition, Aegean has been pursuing the necessary approvals and expects to commence physical supply operations in both Cristobal and Balboa by the end of the second quarter (Q2) of 2011.
According to the company both ports total approximately 14,000 transits per year, and generate approximately 3 million metric tonnes (mt) of annual marine fuel sales volumes on a combined basis.
The release added that the concession with Aegean is part of the PMA's efforts to expand and modernise the ports' infrastructure and services consistent with the current expansion of the Panama Canal. By 2014, the Panama Canal is expected to significantly increase its capacity, enabling larger ships to transit and providing greater efficiencies in global commerce.
Aegean stated that the two onshore storage facilities in Panama currently total approximately 3 million barrels in capacity, with room for expansion.
The company said that it intends to provide retail bunkering services to all major shipping sectors, particularly containerships, as well as leading cruise lines, in port and at sea after receiving the necessary licenses by the local authorities.
Aegean President E. Nikolas Tavlarios commented: "By establishing a presence on both ends of the world's most famous canal, Aegean has significantly expanded its network for the global supply of marine fuel and strengthened its future growth prospects."
"We expect to realise numerous benefits from Panama's increasing role in global maritime trade in light of the projected expansion of the Panama Canal."
Announcement
Dear Valued Customer,
AEGEAN MARINE PETROLEUM is pleased to announce the commencement of bunkering operations in Cape Verde.
The Republic of Cape Verde is an island country, spanning an archipelago of 10 islands located in the central Atlantic Ocean, 570 kilometers (approx. 310 nautical miles) off the coast of Western Africa, near Mauritania and Senegal.
All grades of marine Fuel Oil and MGO will be available and ISO 8217 specifications are guaranteed. Initially our bunker deliveries will be conducted by our double-hull vessel DILOS, on a 24 hour basis /7 days a week.
CAPACITY (MT)
PUMPING RATE (MT/HR)
M/T DILOS
FUEL
GASOIL
FUEL GASOIL
IMO NO. 9460825460825
3500
700
500 200
Aegean Marine Petroleum will provide bunkering services from the port of Mindelo, on the island of Sao Vicente, and off-shore. With our last acquisition and in combination with our bunkering stations in Canary Islands, Gibraltar, Tanger-Med and West Africa, Aegean further strengthens its position as a leading supplier of marine fuels in the area.
Aegean is committed to providing the highest level of services to our customers worldwide.
We look forward to fulfilling your bunker requirements in Cape Verde.
Please direct all inquiries to Aegean's Worldwide Sales Offices.
Regards,
Aegean Marine Petroleum S.A.
Announcement
Aegean to supply bunkers in Cape Verde
22nd December 2010 00:29 GMT
Aegean announces further expansion plans
Aegean Marine Petroleum Network Inc. has announced plans to commence physical supply operations in Cape Verde, according to a press release.
The company will work in co-operation with Enacol, a local energy company, in covering a range of 10 islands located off the coast of Western Africa.
Under the terms of the agreement, Aegean Marine will utilise its delivery fleet to provide bunkering services from the port of Mindelo, on the island of Sao Vicente, and off-shore.
Enacol will in turn be responsible for providing storage for fuel oils, and distillates, to meet the needs of all major sectors within the international shipping industry.
According to the press release the port of Mindelo serves as a strategic commercial hub that lies along major cross-Atlantic shipping routes, as well as important trade routes between Europe and the Far East.
Aegean Marine has stated that it expects to initially deploy one double-hull bunkering tanker to Cape Verde and commence operations by the end of the first quarter of 2011.
E. Nikolas Tavlarios, President of Aegean Marine Petroleum Network Inc., said: "We are pleased to co-operate with Enacol and once again expand our global reach by establishing a strategic presence in Cape Verde."
He added: "By providing an integrated marine fuel solution throughout this market, which connects critical trade routes between North and South America, Africa and Europe, we expect to increase fleet utilisation and expand our future earnings potential."
Aegean already has a strong presence in the region with bunker stations in Gibraltar, Tangiers and West Africa.
Announcement
Dear Valued Customer,Aegean Marine Petroleum is pleased to announce the commencement of bunkering operations in LAS PALMAS, CANARY ISLANDS as of 7th of June 2010.
Once again Aegean expands its global reach by entering into this strategic market. Las Palmas is a significant location which lies off the North-West African Coast on the important shipping route from the Southern Hemisphere (South America and South Africa) to the Continent and the Mediterranean, and has been a major bunkering location in the Atlantic Ocean over the years.
With its presence in Las Palmas and in combination with our bunkering stations in Gibraltar, Tangiers and West Africa, Aegean further strengthens its position as a leading supplier of marine fuels in the area.
All grades of marine Fuel Oil and MGO 0.1 will be available (L.S.F.O. as from 01.07.2010) and ISO 8217/2005 specifications are guaranteed. Initially our bunker deliveries will be conducted by our double-hull vessel Mykonos, within port and anchorage limits on a 24 hour basis /7 days a week. Ex-pipe deliveries can be arranged, as well.
CAPACITY (MT)
M/T MYKONOS
FUEL
GASOIL
PUMPING RATE (CBM/HR)
IMO NO. 9371309
3500
900
300-500
Another double hull barge is planned to arrive soon after the commencement of our bunkering activities in order to reinforce our station.
Aegean is committed to providing the highest level of services to our customers worldwide.
We look forward to fulfilling your bunker requirements in Las Palmas.
Please direct all inquiries to Aegean's Worldwide Sales Offices.
Regards,
Aegean Marine Petroleum S.A.
Announcement
Aegean to acquire Shell Las Palmas terminal
Aegean intends to deploy two bunker tankers to the Shell Las Palmas terminal Global marine fuels supplier Aegean Marine Petroleum Network Inc. has agreed to acquire Shell Las Palmas terminal in the Canary Islands in a bid to consolidate "the fragmented marine fuel industry".
The NYSE-listed company said it intends to draw upon its "significant financial liquidity, including available cash" to fund the acquisition of the terminal from Shell Espana S.A.
The Shell Las Palmas terminal occupies an area of approximately 20,000 m2 and includes a lubricants plant, in-land storage facilities totaling 65,000 m3 as well as on-site blending facilities to sell all grades of fuel oils and distillates.
The acquisition, which is subject to the completion of detailed documentation, is expected to close by the end of July.
Following the sale, Shell Espana will exit the Las Palmas marine fuel business and all employees of the terminal will be retained by Aegean.
"With our agreement to acquire the Shell Las Palmas terminal, Aegean Marine continues to actively consolidate the fragmented marine fuel industry in a disciplined manner that meets a strict set of return criteria," said President E. Nikolas Tavlarios.
"Building on the successful acquisition of Verbeke Bunkering, our latest accretive acquisition further expands the company's vast global network and provides strong growth potential."
Aegean added that it plans to initially deploy two double-hull bunker tankers to the Shell Las Palmas terminal.
"By capitalizing on our modern delivery fleet and leading brand recognition, we expect to drive future sales volumes throughout the Canary Islands, which serve as a critical bunkering port for all major shipping sectors," said Tavlarios.
Las Palmas sells in excess of 2.0 million metric tons (mt) of marine fuel annually, of which Shell Espana had an approximate 18% market share and a 25% market share in fuel oil 380 centistokes (CST).
"We also plan to take advantage of the increasing demand for low sulphur fuel in this sizeable market and utilize the port's considerable storage facilities to procure large quantities of supply to be on hand in order to serve our customers," Tavlarios added.
Including Las Palmas, Aegean will have expanded the number of its service center locations to 16, which serve a total of more than 40 markets worldwide, compared to five markets at the time of its initial public offering (IPO) in December 2006.
Announcement
Global marine fuels supplier Aegean Marine Petroleum Network Inc has agreed to acquire Verbeke Bunkering N.V. in its "largest acquisition to date," the company announced late Monday.
Verbeke, a leading physical supplier of marine fuel in the Antwerp-Rotterdam-Amsterdam (ARA) region, is thought to have sold some 3.5 million metric tons (mts) of marine fuel for during 2009.
The price of the transaction, which is scheduled to close by the end of the first quarter of 2010, was not disclosed
With the acquisition, Aegean said it intends to capitalize on "favourable growth prospects" in the world's second largest bunkering market.
"The accretive acquisition of Verbeke represents our largest acquisition to date, positioning Aegean well to significantly increase future sales volumes and strengthen the company's global brand recognition," said E. Nikolas Tavlarios, President of Aegean.
"In addition to establishing a strategic presence in this important region with considerable ship traffic, we expect to realize meaningful operating synergies with our Belgium-based subsidiary, Bunkers at Sea, which Aegean acquired in 2007," Tavlarios said.
Verbeke is majority owned by the fourth generation of the Verbeke family and has an operating history of more than 100 years, initially in shipping and subsequently in bunkering.
"Based on its extensive operating history and strong reputation for high-quality service, Verbeke has built a leading market position in the ARA region," Tavlarios said.
Aegean said that following the acquisition, Verbeke will operate as a wholly owned subsidiary of Aegean and maintain its headquarters near Antwerp.
The ARA supplier will continue to be led by its Chief Executive Officer, Tony Vertommen.
Tavlarios added that including the acquisition, Aegean has more than tripled its global reach since the company's IPO in December 2006.
"Consistent with management's opportunistic approach to consolidating the marine fuel supply industry in a disciplined manner, we expect to further expand Aegean's global market share and increase the Company's earnings power," he said.
The company said it planned to draw upon its revolving credit facilities and seek alternative financing to support its growth initiatives.
Verbeke Bunkering operates a total of 18 bunkering vessels, of which nine are owned and nine are chartered-in. Two of the nine owned vessels are joint ventures in which Verbeke holds a minority stake.
In connection with the acquisition, Aegean said that it has agreed to purchase the nine owned bunkering vessels and assume the contracts for the nine vessels chartered-in by Verbeke.
Additionally, it will assume the contract for a bunkering tanker new building, of which Verbeke holds a 50% stake, scheduled to be delivered in 2010.
Announcement
Aegean Marine Petroleum is pleased to announce the immediate commencement of bunkering operations at Tangiers-Med I in Morocco. Once again Aegean expands its global reach by entering into this strategic market. Tangiers is a significant location which lies on the North African Coast at the Western entrance to the Straits of Gibraltar where the Mediterranean meets the Atlantic Ocean.
All grades of marine fuel oil and gasoil high and low sulphur, are available and ISO 8217/2005 specifications are guaranteed. Offers will be quoted on a delivered basis (including barging). All bunker deliveries will be conducted by our modern double-hull new building tankers. Delivery will be available in-port Tangiers-Med I as well as the anchorage location. Current capacity is 4500 mts with a pumping capability of 300-500 mts/hr and will operate 24 hours a day/7 days a week.
Aegean is committed to providing the highest level of service to our customers worldwide. We look forward to fulfilling your bunker requirements in Tangiers.
Please direct all inquiries to Aegean’s Worldwide Sales Offices.
Announcement
Aegean Marine Petroleum is pleased to announce the commencement of bunkering operations Offshore Trinidad (Trinidad and Tobago), expanding its presence in the southern Caribbean.
Once again Aegean expands its global reach by entering into this strategic market. Trinidad is a significant transhipment location in the southern Caribbean which lies along major shipping lanes connecting South America to the Panama Canal, Caribbean, and the U.S. Gulf.
Aegean Marine, through its wholly owned subsidiary Aegean Bunkering (Trinidad) Ltd will have offices in Port of Spain handling all operations and logistics.
All grades of marine fuel oil and gasoil will be available meeting ISO 8217/2005 Specifications and will be quoted as delivered prices including barging. Bunker deliveries will be conducted by our modern double-hull new building tankers, 24 hours a day/7 days a week.
In the near future Aegean will increase its delivery capabilities with additional vessels.
Rendezvous coordinates for Bunkers only calls Off Shore Trinidad are as follows: Latitude 11o 03’ N Longitude 061o 35’ W
Please direct all inquiries to Aegean’s Worldwide Sales Offices.
Contact details for our operation office in Trinidad are:
AEGEAN BUNKERING (TRINIDAD) LTD
3 FRENCH STREET
WOODBROOK
PORT OF SPAIN
TRINIDAD W.I.
Aegean is committed to providing the highest level of service to our customers worldwide. We look forward to fulfilling your bunker requirements in Trinidad.
Regards,
Aegean Marine Petroleum S.A.
Trinidad and Tobago Aegean Caribbean Expansion 16/10/08
Ships entering the Port of Spain, Trinidad and Tobago's capital
New York-listed marine fuel supplier Aegean Marine Petroleum Network Inc. announced today that it will be expanding its presence in the southern Caribbean, establishing operations in Trinidad and Tobago.
"We are pleased to once again expand Aegean's global platform by entering into a strategically important market," said E Nikolas Tavlarios, President of Aegean.
Trinidad and Tobago, located in the southern Caribbean and bordering the northeast coast of South America, is a significant transshipment hub which lies along major shipping lanes connecting South America to the Panama Canal, Caribbean, and the US Gulf, the company said.
Aegean expects to start operations in Trinidad and Tobago by the end of the first quarter (Q1), 2009.
The expansion means Aegean will be in 12 markets around the globe, increasing its global dominance in the physical supply of marine fuel, it said today.
With an expanding infrastructure of double-hull vessels and strong balance sheet, Aegean remains poised to take advantage of industry fundamentals and drive long-term sales volume growth, according to the company.
Tavlarios said Trinidad and Tobago is a party to the IMO MARPOL Regulation and requires all bunkering tankers entering the market to be double-hulled.
"We believe Aegean's leading reputation for providing quality product and service, successful track record in developing new markets, and expansive logistics infrastructure will help establish Trinidad and Tobago as a major bunkering destination in the southern Caribbean," said Tavlarios.
PORTLAND ANNOUNCEMENT
Dear valued customer, Aegean Marine Petroleum S.A. is pleased to announce the commencement of physical supply operations out of its newest service station at Portland, United Kingdom on 1st April 2008. . read more...
Aegean Stations
GHANA ANNOUNCEMENT
Dear valued customer, Aegean Marine Petroleum S.A. is pleased to announce that its permanent floating storage double hull vessel M/T FOS ( IMO No 8033314) has arrived off Ghana and will be ready to commence operations on the 15th January 2008. read more...
ANTWERP ANNOUNCEMENT
Through Bunkers at Sea we are now able to offer offshore supplies in Northern Europe, serving more than 45 ports located throughout the region, including the North and Irish Sea, the French Atlantic and the English Channel. Our Antwerp based service center provides technical and logistical support to our operations. read more...
The Republic of Cape Verde is an island country, spanning an archipelago of 10 islands located in the central Atlantic Ocean, 570 kilometers (approx. 310 nautical miles) off the coast of Western Africa, near Mauritania and Senegal. 
Aegean to supply bunkers in Cape Verde
Ships entering the Port of Spain, Trinidad and Tobago's capital
