Cargo Department procures Oil to mainly cover Aegean’s Marine Fuel demand around the world.
Its target is to continuously cover the physical shorts of the group with on-spec product in a timely manner, as well as trade cargoes with 3rd parties. It performs purchases, transportation and operations (including chartering, storing, blending, etc.), and price risk management when necessary. Sources include a number of key suppliers, such as refineries, traders, and other oil producers in the region.
Main grades include High Sulphur Fuel Oil, Low Sulphur Fuel Oil and Marine Gasoil.
Areas physically supplied by Cargo are Algoa Bay, Gibraltar, Las Palmas, and any other location Aegean requires physical deliveries.