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
Aegean Bunkering (Singapore) Pte Ltd
Row 1: Left to Right
Erwin Chua --- General Manager
George Lignos --- Bunker Manager
Yiannis Sgouras --- Operations Manager
Peter Phua --- Technical Maneger
Row 2: Left to Right
Low Li Nah --- Accounts Executive
Jane Cheng --- Secretary
Christofel Tian --- Bunker Trader
Mohd Rosli --- Operations Executive
Soe Pai --- Operations Executive
Ang Cheng Boon --- Technical Superintendent
Salahuddin --- Marine Superintendent
Vanise Loo --- Accounts Assistant
Khor Siew Cheng --- Accounts Assistant
Sonia Li --- Bunker Trader
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...
Ships entering the Port of Spain, Trinidad and Tobago's capital
