Sign up
Log in Sign up
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.

Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.
Bangkok city skyline. Uni-Fuels opens Thailand office as part of Southeast Asia expansion  

Marine fuel supplier establishes Bangkok entity, appoints managing director with 15 years’ industry experience.
Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.
Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.
Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.
Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.
BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.
Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.
Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.
Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.




 Recommended