Fri 22 Jan 2010 07:04

Aegean announces pricing of public offering


Bunker supplier prices public offering of common shares ahead of sale next week.

Physical marine fuel and lubricants supplier Aegean Marine Petroleum Network Inc. has announced that its has priced its public offering of 3,906,000 common shares at a price of $32.75 per share.

The company expects to close the sale of the common shares on January 27, 2010, subject to customary closing conditions.

Goldman, Sachs & Co. and Jefferies & Company, Inc. are serving as joint book-running managers and BB&T Capital Markets, Clarkson Johnson Rice, Dahlman Rose & Company, Lazard Capital Markets, and Stephens Inc. are acting as co-managers for the offering.

The underwriters will have a 30-day option to purchase up to an additional 585,900 shares of common stock offered by the Company.

As announced previously, the company intends to use the net proceeds from this offering to fund certain corporate acquisitions and for general corporate purposes.
Martin Vorgod, CEO of Global Risk Management. Martin Vorgod elevated to CEO of Global Risk Management  

Vorgod, currently CCO at GRM, will officially step in as CEO on December 1, succeeding Peder Møller.
Dorthe Bendtsen, KPI OceanConnect. Dorthe Bendtsen named interim CEO of KPI OceanConnect  

Officer with background in operations and governance to steer firm through transition as it searches for permanent leadership.
Bunker Holding's executive management team, from left to right: CCO Anders Grønborg, COO Peder Møller, CEO Keld R. Demant and CFO Michael Krabbe. Bunker Holding revamps commercial department and management team  

CCO departs; commercial activities divided into sales and operations.
Image of a bunker delivery being performed by Peninsula's Hercules 8000 tanker vessel. Peninsula extends UAE coverage into Abu Dhabi and Jebel Ali  

Supplier to provide 'full range of products' after securing bunker licences.
A screenshot taken from Peninsula's homepage on October 4, 2024. Peninsula to receive first of four tankers in Q2 2025  

Methanol-ready vessels form part of bunker supplier's fleet renewal programme.
Stephen Robinson, pictured on his appointment as Head of Bunker Strategy and Procurement at Tankers International. Stephen Robinson heads up bunker desk at Tankers International  

Former Bomin and Cockett MD appointed Head of Bunker Strategy and Procurement.
Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.
Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.
Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.
Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.

↑  Back to Top


 Related Links