Aegean Marine Petroleum Network Fund Company Profile

Description

Aegean Marine Petroleum Network, Inc., together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide. The company offers fueling services to ocean-going and a range of coastal vessels, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, and ferries, as well as to marine fuel traders, brokers, and other end-users of marine fuel and lubricants. It also markets and distributes marine lubricants under the Alfa Marine Lubricants brand name; and provides a range of shipping services, such as technical support and maintenance, insurance arrangement and handling, financial administration, and accounting services. As of December 31, 2015, the company owned and operated a fleet of 51 bunkering vessels, including 49 double-hull vessels and 1 single hull special purpose vehicle; chartered 13 double hull bunkering vessels with an aggregate carrying capacity of approximately 388,000 deadweight ton (dwt); operated 12 land-based storage facilities with an aggregate storage capacity of approximately 1,160,000 cubic meters; and operated 1 vessel as a floating storage facility with a total cargo carrying capacity of approximately 19,900 dwt. Aegean Marine Petroleum Network, Inc. was founded in 1995 and is headquartered in Athens, Greece.