Horizon Tangiers Terminal S.A. (HTTSA), has selected Aegean Marine Petroleum (Aegean) (NYSE:ANW) as its sole bunkering company for its terminal in the port of Tangiers. The agreement, which is subject to final documentation, is scheduled to become effective in January 2009. HTTSA's appointment of Aegean as its exclusive bunkering company in this critical region is an important part of its effort to expand the terminal. Aegean Marine Petroleum will provide retail bunkering services to ships in port and at sea on an exclusive basis for a period of 25 to 35 years. Aegean will also have the right to expand its operation as the sole bunker tenant beyond the port perimeter, which is strategically located along the Strait of Gibraltar connecting the Atlantic Ocean to the Mediterranean Sea. Yusr H. Sultan, Member of the Board HTTSA, said, "After conducting an extensive review over the past six months, we are pleased to have selected Aegean Marine Petroleum as the sole bunkering company within the port of Tangiers. The port currently serves approximately 7,000 vessels on an annual basis and is expected to increase to more than 10,000 vessels annually upon completion of our terminal's planned expansion in 2010. In carefully selecting a bunkering company to meet our considerable growth, we focused on Aegean's industry expertise, modern bunkering fleet, extensive capacity, strong safety track record and financial strength
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced on Jan. 15 that it has taken delivery of the Hana, a 1992-built 1,615 dwt double-hull bunkering tanker to be renamed the Ace Hana, following the company's agreement to purchase the vessel from an unrelated third party. The Ace Hana is expected to be deployed to the company's Greek market. E. Nikolas Tavlarios, President, commented, "With the strategic acquisition of the Ace Hana
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced it has taken delivery of the Linnea, a 1980-built 11,520 dwt double-hull bunkering tanker to be renamed the Aegean Star, following the company's agreement to purchase the vessel from an unrelated third party. The Aegean Star is expected to be deployed to the company's West African market by the end of the second quarter of 2009. E. Nikolas Tavlarios, President, commented, "With the strategic acquisition of the Aegean Star
Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced that it has taken delivery of the Tilos, a 5,500 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is being deployed to Singapore to support the company's existing bunkering operations in this market. E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Tilos. In deploying this new double-hull vessel to Singapore
Marine petroleum transportation specialist Latvian Shipping Company (LSC) hopes to raise EUR 80 million via an initial public offering (IPO) on the Riga Stock Exchange in the first half of 2016. The Supervisory Council of LSC has supported the Management Board’s proposal to raise the equity capital in the IPO. LSC is looking to double its share capital and raise equity of EUR 80mn in order to pay down existing debts due in 2016 and 2017
According to an AP report, Aegean Marine Petroleum Network Inc., a Greek supplier of fuel and lubricants to ships, said it has acquired Bunkers at Sea, a Belgium-based supplier of marine fuel to vessels in port and at sea. Financial terms were not disclosed. Bunkers at Sea serves about 45 ports located throughout Northern Europe. In 2006, the company recorded total marine fuel sales volumes of more than 325,000 metric tons.
Greece headquartered Aegean Marine Petroleum Network Inc. announce financial and operating results for the second quarter ended June 30, 2013. Second Quarter Highlights Sales volumes of 2,693,151 metric tons. Gross profit of $69.5 million. Operating income of $12.7 million. Operating income adjusted for the sale of non-core assets was $13.2 million. Net income attributable to Aegean shareholders of $5.5 million or $0.12 basic and diluted earnings per share.
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that Horizon Tangiers Terminal S.A. (HTTSA), a special purpose consortium, has named Aegean as the exclusive bunkering company for the new port in Tangiers, Morocco. The agreement is scheduled to become effective in January 2009 upon completion of final documentation. The appointment of Aegean by HTTSA is a part of the consortium's effort to expand the modern port in this growing region
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced it has entered into an agreement to acquire Verbeke Bunkering N.V., a physical supplier of marine fuel in the Antwerp-Rotterdam-Amsterdam (ARA) region, the world's second largest bunkering market. The acquisition, which is subject to the completion of detailed documentation, is scheduled to close by the end of the first quarter of 2010. Verbeke Bunkering is majority owned by the fourth generation of the Verbeke family
Island Tug and Barge Ltd. of Vancouver, B.C., received an award from the Washington Department of Ecology for excellence in marine safety and environmental stewardship. The Exceptional Compliance Program (Ecopro) Award will be presented to Island Tug and Barge at 10:30 a.m. at the Odyssey Maritime Discovery Center on Pier 66, 2205 Alaska Way, in Seattle. The award ceremony will be followed by a short reception, during which reporters may interview Ecology officials and company
There is growing concern regarding the environmental impact and associated costs of petroleum based fluid discharges. Petroleum is persistent and toxic. It damages living organisms including plants, animals and marine life for many years. While many believe that the bulk of this environmental
The marine terminal of Vadinar Oil Terminal Ltd (VOTL), which is part of Essar Ports Ltd, has been the best performing terminal in the Kandla Port Trust (KPT) for two consecutive years. The terminal recently received a certificate of appreciation from KPT
South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co. (Sungdong) has won an order from Greece’s Tsakos Energy Navigation (TEN) for two 74,000 deadweight tonnage (DWT) crude-oil carriers with an option for two more.
On May 25, 2016, The University of the West Indies Arthur Lok Jack Graduate School of Business (UWI-ALJGSB) together with the Trinidad and Tobago Shipbuilding & Repair Maritime Cluster (TTSR) signed a Memorandum of Understanding to undertake maritime project initiatives involving research
Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil
World Marine of Alabama (WMA), a division of World Marine, LLC, competitively bid and won a contract to dry-dock and repair the USNS Lawrence H. Gianella (T-AOT-1125), a Military Sealift Command (MSC) tanker operated by Ocean Shipholdings, Inc.
Caterpillar Inc. will combine two divisions dealing with power and energy, adding more detail to a restructuring announced last year, and plans to complete this by June 2016, the company said on Wednesday. Caterpillar announced a number of personnel and consolidations
Three heavy weights have come together in the Middle East to promote LNG as marine fuel in the region - Qatargas, the Maersk Group and Royal Dutch Shell Plc signing a memorandum of understanding to explore future opportunities.
Harley Marine Services (HMS), a full service marine transportation provider, has acquired certain offshore marine assets of Enterprise Marine Services LLC (EMS), a subsidiary of Enterprise Products Partners, L.P. The acquisition includes 10 vessels to be used in current operations: six
Polarcus Limited announced a two-year extension of the support services agreement with Turkish Petroleum covering seismic data acquisition management, maritime management and crewing support. Reference is made to the stock exchange notice published by Polarcus on 02 January 2013
Global marine fuel and lubricant trading and brokering company Glander International Bunkering (GIB) has hired Ankita Batra as a trader for its India office. Batra joins (GIB) with a post graduate in the domain of Energy Trading from the University of Petroleum and
Crowley Maritime Corp. today christened the first of four new Jones Act product tankers at the Tampa Cruise Terminal. The 50,000 dead-weight-tons (dwt), 330,000-barrel-capacity ship Ohio is the first tanker ever to receive the American Bureau of Shipping’s (ABS) LNG-Ready Level 1 approval
DMW Marine Group, LLC. completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally. Notable projects as listed by DMW include a personnel handling 500 ton meter knuckleboom crane
The Maritime and Port Authority of Singapore (MPA) has fined JL Petroleum for supplying marine fuel in the world’s largest bunkering hub without a valid license. In an announcement on Wednesday, MPA said it brought charges against JL Petroleum for selling bunkers on 14
JL Petroleum Pte Ltd has been fined by Singapore after pleading guilty in court to supplying marine fuel in the world's top bunkering hub without a valid license, the Maritime and Port Authority of Singapore (MPA) said in a statement on Wednesday.