Tue 2 Dec 2008, 08:12 GMT

Aegean strengthens Singapore bunker fleet


Latest newbuild is the sixth bunker tanker to be delivered this year.



Aegean Marine Petroleum Network Inc. has announced that it has taken delivery of the Paros, a 4,645 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China. The Paros will be deployed to the company's Singapore market.

Including the Paros, Aegean now has a current bunkering delivery fleet of 31 vessels and barges, of which 26 are double hull.

The company expects to take delivery of 21 remaining double-hull tanker newbuilds over the next two years, which will increase its total bunkering delivery fleet to 52.

Commenting on the company's latest acquisition, E. Nikolas Tavlarios, President, said "With the delivery of our ninth newbuild from Fujian Southeast Shipyard, Aegean has further grown its double-hull fleet and increased its competitive position."

"The fleet growth has also positioned the company to take advantage of the strong demand for marine fuel and growth in global seaborne trade despite a temporary slowdown in certain shipping sectors.

"Including the Paros, we have taken delivery of six double-hull newbuildings to date this year and ten since our IPO in December 2006, which has enabled Aegean to significantly grow sales volumes during this time. Our considerable financial strength positions management to continue to expand Aegean's delivery capacity and increase the company's earnings potential," said Tavlarios.


NMSSC visits Golden Centaurus. Singapore safety council inspects methanol bunker tanker Golden Centaurus  

NMSSC members 'encouraged' by integration of structural and operational safety into newly commissioned IMO Type II vessel.

Vivit Asia LNG vessel. Vitol to start LNG bunkering in Asia from late 2026 after vessel sea trials  

12,500-cbm Vivit Asia LNG completes trials, with regional operations due to begin later this year.

PetroChina Petroineos Trading logo. PetroChina International seeks bunker sales manager to grow European marine fuels business  

The state oil major’s trading arm is hiring in Rotterdam or London to expand bunker sales across the ARA region.

Jurgen Gerdes, WinGD. WinGD signs global service agreement for TMS Cardiff Gas LNG carrier newbuilds  

WinGD will support six dual-fuel engines on three new LNG carriers for the Athens-based operator throughout their operational lives.

Yangze LNG 01 vessel. Yangzijiang Xinfu delivers first 175,000-cbm LNG carrier built by Chinese private shipyard  

Vessel features two dual-fuel MAN B&W 5G70ME-C10.5-GA-EGR engines fitted with cryogenic units.

Kaguya 200th ship-to-ship (STS) LNG bunkering operation. LNG bunkering vessel Kaguya completes 200th ship-to-ship operation in Japan  

K Line’s joint venture vessel reaches milestone in Mikawa Bay.

MFM Nicole vessel. Synergy Marine adds dual-fuel LPG carrier to managed fleet  

MFM Nicole joins Synergy’s gas carrier portfolio as owners weigh fuel choices ahead of MEPC 85 negotiations.

CMA CGM Notre Dame vessel. DSV to use CMA CGM’s ACT+ solution to slash shipping emissions  

Danish firm targets 12,000-tonne reduction in CO₂ emissions over two years through the use of UCOME-based biofuels.

Peninsula 2026 graduate cohort. Peninsula welcomes 2026 graduate cohort across global bunkering network  

Bunker firm brings new graduates into roles spanning Houston, Singapore, Gibraltar, Monaco and Las Palmas.

Mathias Krogsgard, Malik Supply. Malik Supply appoints Mathias Krogsgård as bunker trader  

Danish bunker firm adds trader with export and technology background to growing team.