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 launches supply operation in Panama

21 Jul 2011 14:29 GMT

Supply infrastructure includes onshore storage facilities in the ports of Cristobal and Balboa.



Aegean Marine Petroleum Network Inc. has today announced that it has launched its physical supply operation in Panama.

Including Panama, the company now serves 19 markets covering more than 50 ports worldwide, as compared to 5 service centers at the time of Aegean's IPO in December 2006. This year alone, Aegean has launched physical bunker supply operations in Tenerife and Cape Verde.

Aegean announced in April that it intended to commence supply operations in Panama by the the second quarter of 2011, revealing that it had a 20-year concession by the Panamanian Maritime Authority (PMA) to operate onshore storage facilities in the ports of Cristobal and Balboa.

Aegean said the concession formed part of the PMA's efforts to expand and modernize 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.

The ports of Cristobal and Balboa are strategically positioned at each end of the Panama Canal, a critical conduit for international maritime trade that connects the Atlantic Ocean and Pacific Ocean. Both ports total approximately 14,000 transits per year and generate approximately 3 million metric tonnes of annual marine fuel sales volumes combined.

The two onshore storage facilities in Panama currently total approximately 3 million barrels in capacity, with room for expansion. Aegean says 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.






Related Links:

Aegean expands ARA market fleet
Aegean launches bunker service in Tenerife
Aegean to launch bunker service in Panama
Aegean to launch service in two new markets
Aegean starts bunkering in Cape Verde

Latest News:

ECSA welcomes agreement on CO2 emissions trading system
Tallink achieves Q3 growth despite rise in bunker costs
Oil and fuel oil hedging market update
Jan Brent rose $0.47 to close at $62.57
Debmarine Namibia inks MoU to build bunker-saving mining vessel
Understanding 'about' in bunker consumption clauses
Viking Line ferry will be first to use dual-fuel version of world's most efficient four-stroke diesel engine
Market still indecisive as OPEC meeting closes in
Oil and fuel oil hedging market update
First LNG shipment arrives at future Lapland bunkering hub
VPS expands oil condition monitoring capabilities
Quadrise issues activity update following 'media speculation'




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
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
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events