Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Mon 18 Dec 2017, 15:51 GMT

World Fuel Services tops Aegean's list of approved debtors


Glencore subsidiaries second on the list with approved limit of $35 million.

Aegean Marine Petroleum has included a list of its approved debtors in its latest filing to the U.S. Securities and Exchange Commission (SEC), submitted on Friday.

In the 401-page document - which outlines the company's recently signed $750 million credit facility, with an accordion option for an additional $250 million - Aegean lists six key organizations as approved debtors, with the top two being bunker sales and brokering specialists.

The companies are: Glencore Group's Chemoil and Oceanconnect, Hapag-Lloyd AG, Mitsui, Qatargas, Wallenius Wilhelmsen Logistics AS / Eukor Car Carriers Inc and World Fuel Services.

According to the document, Aegean has specific credit limits in place with the aforementioned businesses (before application of an advance rate), plus an increment of $10 million, subject to credit insurance, security and other arrangements.

In the case of World Fuel Services, the US-headquartered bunker seller has the largest credit limit of $40 million, plus an increment of $30 million. The approved subsidiaries are: World Fuel Services Europe Ltd; World Fuel Services Trading, DMCC; World Fuel Services (Singapore) Pte Ltd; and World Fuel Services Americas, Inc.

Glencore's affiliates, meanwhile, have a $35 million credit limit as approved debtor. The seven firms listed are: Chemoil International Pte Ltd, Chemoil Middle East DMCC, Chemoil Latin America Inc, Chemoil Corporation, Oceanconnect Marine Pte Ltd, Oceanconnect Marine Inc, and Oceanconnect Marine UK Ltd.

Shipowners Hapag Lloyd, Wallenius Wilhelmsen Logistics AS / Eukor Car Carriers Inc, and Qatargas Group's subsidiaries Qatargas Operating Company Ltd and Qatar Gas Transport Company Ltd each have an approved limit of $30 million.

Finally, Mitsui Group's Mitsui & Co Petroleum Ltd and Mitsui OSK Lines Ltd have a total limit of $25 million.

Renewable ammonia project pipeline by region chart. Clean ammonia project pipeline shrinks as offtake agreements remain scarce  

Renewable ammonia pipeline falls 0.9 Mt while only 3% of projects secure binding supply deals.
Global Ethanol Association (GEA) logo. Thoen Bio Energy joins Global Ethanol Association  

Shipping group with Brazilian ethanol ties becomes member as association plans export-focused project group.
Geiranger Fjord, Norway. Norway enforces zero-emission rules for cruise ships in World Heritage fjords  

Passenger vessels under 10,000 GT must use zero-emission fuels in Geirangerfjord and Nærøyfjord from January 2026.
D-Flex PSV design render. Longitude unveils compact PSV design targeting cost efficiency  

Design consultancy launches D-Flex vessel as a cost-efficient alternative to larger platform supply vessels.
IBIA hiring graphic IBIA seeks advisor for technical, regulatory and training role  

Remote position will support the association’s IMO and EU engagement and member training activities.
Truck-to-ship LNG bunkering in Hammerfest. Barents NaturGass begins LNG bunkering operations for Havila Kystruten in Hammerfest  

Norwegian supplier completes first truck-to-ship operation using newly approved two-truck simultaneous bunkering design.
Everllence L70ME-GI engine. Everllence receives 2,000th dual-fuel engine order from Cosco  

Chinese shipping line orders 12 methane-fuelled engines for new 18,000-teu container vessels.
Sakura Leader vessel. NYK signs long-term charter deals with Cheniere for new LNG carriers  

Japanese shipping company partners with Ocean Yield for vessels to be delivered from 2028.
Ocean Legacy vessel. Sallaum Lines takes delivery of LNG-powered container vessel MV Ocean Legacy  

Shipping company receives new dual-fuel vessel from Chinese shipyard as part of fleet modernisation programme.
Gas Utopia vessel alongside Oceanic Moon vessel. Rotterdam bio-LNG bunkering surges sixfold as alternative marine fuels gain traction  

Port handled 17,644 cbm of bio-LNG in 2025, while biomethanol volumes tripled year-on-year.

↑  Back to Top


 Recommended