BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Aegean acquires OBAST, launches Rostock bunker supply operation

06 Jan 2017 08:09 GMT

Physical operation to serve all German ports in the Baltic Sea and also cover southern Scandinavia.



Aegean Marine Petroleum Network Inc. has announced the launch of a new service center in Rostock, Germany, that will serve all German ports in the Baltic Sea and also cover southern Scandinavia.

The operations at Rostock will be managed by the existing team at OBAST Bunkering & Trading GmbH, a physical bunker supplier and oil cargo trader. Under the terms of the agreement with OBAST, Aegean will acquire OBAST's existing share capital.

E. Nikolas Tavlarios, President of Aegean Marine Petroleum Network, said: "We are pleased to announce the launch of our new service center in Rostock, which strengthens our existing presence in Germany and will enhance the flexibility and reach of our global marine fuel platform enabling us to better serve our customers around the world. The OBAST team is an experienced and valuable addition to Aegean and we look forward to their contributions in managing operations in the Rostock market and delivering value to shareholders."

Mathias Berndt, OBAST's managing director, remarked: "We are excited about the opportunity to join the Aegean team and build upon the solid foundation we have created at OBAST. We look forward to serving our customers and enhancing Aegean's global brand."




Related Links:

Aegean upsizes and prices senior notes offering
Aegean Marine Petroleum earnings call summary
Aegean posts 55% jump in Q3 net income
Aegean completes repurchase of founder's shares
Aegean reduces costs to achieve profit rise despite lower revenue
Aegean Marine Petroleum S.A.
Rostock
Germany

Latest News:

Cockett strengthens commercial team with three hires
Izmit Bay: letters of protest after fuel oil spill
Project to produce hydrogen fuel at BP's Rotterdam refinery
OOIL denies takeover bid
Oil and fuel oil hedging market update
Market is looking for direction
Trump's EPA nominee backs biofuels plan, but open to changes
Dan-Bunkering hires bunker trader in Denmark
China's 0.5% sulphur cap: key facts
Oil and fuel oil hedging market update
API points to draw in crude oil stocks, watch out for this afternoon's EIA report
Ships earning green discount up 83% in Gothenburg




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events