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Marine fuel logistics company: Aegean Marine Petroleum Network (ANW)

Aegean Marine Petroleum Network Inc. (Aegean Marine Petroleum, AMPNI’s Aegean Petroleum Network Inc.) was founded in 1995 and is headquartered in Athens, Greece. It has 991 full-time employees. Other shipping companies deliver fuel and lubricants.

Aegean Marine Petroleum Network

Aegean Marine Petroleum Network (ANW):

Aegean Offshore Oil Network Company and its subsidiaries operate as a marine fuel logistics company, selling and supplying refined marine fuel and lubricants to ships in ports, seas and rivers around the world.

Aegean Offshore Oil Company provides bunkering services for ocean-going vessels and a series of coastal vessels, including oil tankers, container ships, dry bulk carriers, cruise ships, refrigerated ships, LNG/LPG ships, car carriers and ferries, and marine fuel Traders, brokers and other end users of marine fuels and lubricants.

Aegean Marine Petroleum Network also sells and distributes marine lubricants under the Alfa Marine Lubricants brand; and provides a series of transportation services, such as technical support and maintenance, insurance arrangements and processing, financial management and accounting services.

As of December 31, 2016, Aegean Offshore Oil Company owned and operated 46 bunkering vessels, including 45 double hull vessels and 1 monohull special vehicle; 15 double hull bunkering vessels with a total deadweight of approximately 292,400 deadweight tons (dwt); operating 10 land-based storage facilities with a total storage capacity of approximately 1,075,000 cubic meters; and operating 2 ships as floating storage facilities with a cargo capacity of approximately 86,800 deadweight tons.

Aegean Marine Petroleum Network (ANW) shareholders:

As of April 24, 2018:

  • Peter C. Georgiopoulos (13.7%)
  • Senvest Management, LLC (11.9%)
  • Towle & Co. (5.6%)
  • Other directors and executive officers as a group (3.0%)**
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