This is a legacy page. Please click here to view the latest version.
Tue 21 Apr 2009, 20:58 GMT

Aegean acquires double-hull bunkering tanker


Vessel is expected to be deployed to West Africa by the end of Q2 2009.



Aegean Marine Petroleum Network Inc. has today announced it has taken delivery of the Linnea, a 1980-built 11,520 dwt double-hull bunkering tanker to be renamed the Aegean Star, following the company's agreement to purchase the vessel from a third party.

The Aegean Star is expected to be deployed to the West African market by the end of the second quarter of 2009.

Commenting on the news, E. Nikolas Tavlarios, President, said "With the strategic acquisition of the Aegean Star, Aegean has further strengthened its logistics infrastructure in West Africa. The vessel's significant delivery capacity provides the ability to extend Aegean's reach to more markets located on the Gulf of Guinea and increase sales volumes in this growing region.

"Consistent with our focus on expanding future sales volumes, we plan to commence operations in Tangiers, Morocco and Trinidad and Tobago during the current second quarter and expect to take delivery of 19 remaining double-hull bunkering tanker newbuildings by the end of 2010," Tavlarios added.

Aegean Marine Petroleum began making deliveries of marine fuel in West Africa at the beginning of 2008 when the company stationed its own floating storage tanker M/T Fos off the coast of Ghana. The vessel, which has a total storage capacity of 67,000 metric tonnes, is anchored off Tema.

Aegean also has three bunker vessels, M/T Aegean Tulip, M/T Aegean VII and Medoil III which are able to make delveries in various locations including Ivory Coast, Togo, Benin, Nigeria, Cameroon, Equatorial Guinea and Gabon.


Valerie Ahrens. Burando Energies appoints Valerie Ahrens as global head of methanol  

Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

New Sea Generation (NSG) logo. New Sea Generation seeks junior bunker trader in Greece  

Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

Person signing a document. IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC  

Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

Fluxys logo. Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins  

Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

VPS logo. Shale oil components detected in Singapore marine fuel | VPS  

VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

Constantinos Capetanakis, Star Bulk. IBIA chair completes two-year term, citing expansion in regulatory engagement and membership  

Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

Aerial view of a container vessel. LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds  

Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

Vitalii Protasov, GENA Solutions Oy. Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier  

GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

Frontier Venture vessel. Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation  

Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.

International Maritime Organization (IMO) headquarters. IMO calls for expert nominations for methane fuels technical seminar in May  

Event to cover LNG, biomethane and e-methane production, safe use and blending.


↑  Back to Top