Download Magazine in PDF form - aegean marine petroleum ...
Download Magazine in PDF form - aegean marine petroleum ...
Download Magazine in PDF form - aegean marine petroleum ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Aegean News<br />
T H E Q U A R T E R L Y M A G A Z I N E O F A E G E A N<br />
AUTUMN 2012<br />
Interview<br />
Kostis<br />
Moussouroulis<br />
M<strong>in</strong>ister of Shipp<strong>in</strong>g,<br />
Maritime Affairs<br />
and the Aegean<br />
Aegean Mar<strong>in</strong>e<br />
Petroleum<br />
Aegean and S<strong>in</strong>opec<br />
Cooperation <strong>in</strong><br />
Mar<strong>in</strong>e Lubricants<br />
Aegean<br />
Shipp<strong>in</strong>g<br />
Newbuild<strong>in</strong>g<br />
Orders<br />
Plus<br />
Flows & Currents<br />
Travel with Aegean<br />
Strategic Cooperation<br />
of Aegean <strong>in</strong><br />
Barcelona
Community. An Aegean foundation.<br />
At the heart of bus<strong>in</strong>ess lies relationships—between<br />
buyer and seller, supplier and producer, banker and<br />
lawyer. As we expand our relationships, our networks<br />
grow and we <strong>form</strong> communities, large or small, that<br />
<strong>form</strong> the backbone of our daily activities.<br />
The global shipp<strong>in</strong>g community, for <strong>in</strong>stance, has<br />
common <strong>in</strong>terests and works toward mutual advances on its behalf. Likewise,<br />
we all <strong>form</strong> communities based on shared concerns, backgrounds, or goals.<br />
Aegean has been build<strong>in</strong>g communities s<strong>in</strong>ce it began. Certa<strong>in</strong>ly, at the <strong>in</strong>ternational<br />
level, Aegean is a lead<strong>in</strong>g member of the shipp<strong>in</strong>g fraternity. But at<br />
the local level, Aegean understands the need to build communities that serve a<br />
wide variety of human needs and <strong>in</strong>terests.<br />
For <strong>in</strong>stance, a recent <strong>in</strong>itiative to clean the seafront near Aegean’s Asproporgos<br />
<strong>in</strong>stallations brought together company volunteers and local residents to care<br />
for their common resource—the local waterfront. In Panama, Aegean <strong>in</strong>itiated<br />
a program to host a number of students from the local university, provid<strong>in</strong>g <strong>in</strong>ternships<br />
that promote on-the-job tra<strong>in</strong><strong>in</strong>g and responsible bus<strong>in</strong>ess practices.<br />
Beyond bus<strong>in</strong>ess, Aegean encourages the cont<strong>in</strong>uation of Pontian culture <strong>in</strong><br />
Greece, recogniz<strong>in</strong>g the immense contribution that the Greeks from the Black<br />
Sea region have made <strong>in</strong> build<strong>in</strong>g and susta<strong>in</strong><strong>in</strong>g the values of hard work, family,<br />
and perseverance.<br />
Another community Aegean recognizes for its key role <strong>in</strong> society is the sports<br />
community—<strong>in</strong> build<strong>in</strong>g character, team spirit, and the competitive edge.<br />
And as Aegean beg<strong>in</strong>s operation of its 20 th bunker station worldwide, <strong>in</strong><br />
Barcelona, Spa<strong>in</strong>, the company expands even more its global bunker<strong>in</strong>g community,<br />
embrac<strong>in</strong>g a new culture on the Iberian pen<strong>in</strong>sula.<br />
Aegean is hard at work creat<strong>in</strong>g a community of retail gas stations, bunker<strong>in</strong>g<br />
stations, and crews on ships around the world. By promot<strong>in</strong>g community<br />
values, team spirit, and common <strong>in</strong>terests, Aegean communities build greater<br />
value for all stakeholders—employees, customers, bus<strong>in</strong>ess partners, and<br />
shareholders. Relationships worth preserv<strong>in</strong>g.<br />
editorial<br />
Raymond Matera<br />
Publisher<br />
Aegean<br />
Core Activities<br />
Retail<br />
à AEGEAN OIL has established a gas station<br />
network throughout Greece, and is<br />
one of the fastest grow<strong>in</strong>g companies<br />
<strong>in</strong> the retail market. AEGEAN’S gasol<strong>in</strong>e<br />
market share <strong>in</strong> Greece is 8%.<br />
Shipp<strong>in</strong>g<br />
à AEGEAN SHIPPING manages a fleet of<br />
tankers, rang<strong>in</strong>g from 3,500DWT to<br />
100,000 DWT, that transfers and delivers<br />
oil to our clients throughout the world. All<br />
ships meet ISM standards.<br />
Bunker<strong>in</strong>g<br />
à In Piraeus, Patras, Gibraltar, Amsterdam-<br />
Rotterdam-Antwerp, Fujairah, Jamaica,<br />
S<strong>in</strong>gapore, Tr<strong>in</strong>idad & Tobago, Portland<br />
UK, Vancouver, Montreal, Mexico, Tangiers,<br />
Tema <strong>in</strong> Ghana, Las Palmas and Tenerife,<br />
Panama, and Hong Kong, AEGEAN MARINE<br />
PETROLEUM is a leader <strong>in</strong> provid<strong>in</strong>g the<br />
best bunker<strong>in</strong>g services available. AEGEAN<br />
MARINE PETROLEUM is the market leader<br />
<strong>in</strong> bunker<strong>in</strong>g.<br />
Agency Services<br />
à Ships from around the world rely on AEGE-<br />
AN AGENCY services at Piraeus, Gibraltar,<br />
and Jamaica, from load<strong>in</strong>g and discharg<strong>in</strong>g,<br />
to spare parts and supplies.<br />
Lubricants<br />
à AEGEAN OIL produces and markets high<br />
per<strong>form</strong>ance lubricants for vehicles and<br />
<strong>in</strong>dustrial use, under the AEGEAN brand.<br />
AEGEAN MARINE PETROLEUM trades and<br />
supplies lubricants for the mar<strong>in</strong>e market<br />
under the ALFA brand.<br />
AUTUMN 2012 AEGEAN NEWS
You're on the move. So are we.<br />
Get Aegean News wherever you are.<br />
Aegean News iPad version<br />
is now available at the app store.<br />
Enhanced with video, more photos,<br />
and <strong>in</strong>teractive content!<br />
ANY TIME<br />
WHERE
AEGEAN<br />
MARINE<br />
PETROLEUM<br />
contents<br />
04<br />
Aegean Mar<strong>in</strong>e Petroleum and S<strong>in</strong>opec<br />
to Cooperate <strong>in</strong> Mar<strong>in</strong>e Lubricants<br />
16<br />
The M<strong>in</strong>ister of Shipp<strong>in</strong>g, Maritime Affairs and the<br />
Aegean talks to Aegean News about the development<br />
of Greece’s shipp<strong>in</strong>g <strong>in</strong>dustry<br />
10<br />
Aegean Shipp<strong>in</strong>g Management ordered<br />
new tankers from Daesun Shipbuild<strong>in</strong>g<br />
and Eng<strong>in</strong>eer<strong>in</strong>g of Korea<br />
Autumn 2012<br />
Aegean News is published<br />
quarterly by AEGEAN<br />
CODE: 5169<br />
Publisher & Manag<strong>in</strong>g Editor<br />
Raymond Matera<br />
DESIGN<br />
Snack<br />
Pr<strong>in</strong>t<strong>in</strong>g and B<strong>in</strong>d<strong>in</strong>g<br />
Korifi Publications SA<br />
Owner<br />
Aegean<br />
10 Akti Konydli<br />
185 45, Piraeus, Greece<br />
Tel: +30 210 458 6000<br />
Fax: +30 210 458 6241<br />
E-Mail: <strong>in</strong>fo@<strong>aegean</strong>oil.gr<br />
Websites: www.<strong>aegean</strong>oil.gr,<br />
www.ampni.com<br />
Comments and suggestions<br />
are welcome.<br />
Aegean News is free of charge and<br />
is available, subject to availability, to<br />
any <strong>in</strong>terested person or organization.<br />
Please Recycle<br />
4 AEGEAN UPDATE<br />
8 FLOWS AND CURRENTS<br />
Trends and News <strong>in</strong> the Oil<br />
and Energy Fields<br />
10 SHIPPING<br />
Aegean Newbuild<strong>in</strong>g Orders<br />
12 AEGEAN MARINE PETROLEUM<br />
Aegean Aims to Develop Bunker<strong>in</strong>g<br />
with New clients <strong>in</strong> the Port of Barcelona<br />
16 INTERVIEW<br />
Kostis Moussouroulis<br />
M<strong>in</strong>ister of Shipp<strong>in</strong>g, Maritime Affairs<br />
and the Aegean<br />
20 SHIPPING<br />
Τhe Aegean Fleet: Quality, Safety and Respect<br />
Toward the Environment<br />
22 SHIPPING<br />
Greek Shipp<strong>in</strong>g Today<br />
23 AEGEAN MARINE PETROLEUM<br />
International Bunker<strong>in</strong>g Conference<br />
25 STATIONS OF THE MONTH<br />
• George Tsandirakis (Chrysoula Papadopoulou)<br />
Aghia Fotia, Sitia<br />
• Vasiliki Kalaitzi, Orestiada<br />
26 CHILDREN AND THE<br />
ENVIRONMENT<br />
28 MARITIME TRADITION<br />
Volos: The Port<br />
29 TRAVEL WITH AEGEAN<br />
Volos<br />
30 AEGEAN COLLECTION<br />
Step Out <strong>in</strong> Style<br />
AUTUMN 2012 AEGEAN NEWS
A e g e a n U p d a t e<br />
Pavlos Ioannidis, Aegean Global Manager, Mar<strong>in</strong>e Lubricants; Apostolos Rizakos, Aegean Manag<strong>in</strong>g Director; Jiang Yunde,<br />
S<strong>in</strong>opec Lubricants, Vice Chief Executive Officer; Zhang Liany<strong>in</strong>g S<strong>in</strong>opec Lubricants, Deputy Director, Technology Dept.;<br />
Ang Luck Seh, AP Oil, Director; Jia Q<strong>in</strong>gyue, S<strong>in</strong>opec Lubricants, Vice Director of Plann<strong>in</strong>g Dept.; Spyros Fokas, AMPNI<br />
General Counsel.<br />
Aegean and S<strong>in</strong>opec Strategic<br />
Cooperation <strong>in</strong> Mar<strong>in</strong>e Lubricants<br />
In August 29, 2012, a strategic cooperation was signed between Aegean Mar<strong>in</strong>e Petroleum<br />
and S<strong>in</strong>opec Lubricants for the production and distribution of S<strong>in</strong>opec’s mar<strong>in</strong>e lubricants <strong>in</strong><br />
Greece.<br />
Aegean has, s<strong>in</strong>ce 2008, been a global supplier of mar<strong>in</strong>e lubricants, with significant knowhow<br />
<strong>in</strong> the production and <strong>in</strong> the supply of mar<strong>in</strong>e lubricants, S<strong>in</strong>opec Lubricants is a major<br />
lubricants company <strong>in</strong> Ch<strong>in</strong>a, where it supplies its lubricants to the Ch<strong>in</strong>ese merchant fleet.<br />
Through this cooperation Aegean will produce and supply Ch<strong>in</strong>ese ships <strong>in</strong> Greek ports on<br />
behalf of S<strong>in</strong>opec. The lubricants will be produced at Aegean’s Aspropyrgos plant (<strong>form</strong>er<br />
Texaco) with S<strong>in</strong>opec’s very high-standard specifications and packag<strong>in</strong>g.<br />
This cooperation, which will re<strong>in</strong>force the production capacity of the plant and of the distribution<br />
network <strong>in</strong> Greece, creat<strong>in</strong>g new jobs, is the result of the trust the Ch<strong>in</strong>ese colossus has <strong>in</strong><br />
Aegean and its human force.<br />
New Stations<br />
<strong>in</strong> Aegean’s<br />
Retail Network<br />
The Aegean network cont<strong>in</strong>ues its growth.<br />
Listed below are the stations that have<br />
started display<strong>in</strong>g the Aegean Logo dur<strong>in</strong>g<br />
the past months<br />
24 PIRAEUS STR., MOSHATO<br />
SPECIAL PETROL LIQUID FUEL TRADE S.A.<br />
LEFKADA ISLAND<br />
CHRISTOFOROS PASHALAKIS<br />
219 TH KM NATIONAL ROAD<br />
KORINTH-KALAMATA<br />
SEA ARFARA<br />
Pavlos Zervogiannis, Aspropyrgos Supply Cha<strong>in</strong> Manager; Jiang Yunde, S<strong>in</strong>opec Lubricants, Vice Chief Executive Officer;<br />
Pavlos Ioannidis, Global Manager, Aegean Mar<strong>in</strong>e Lubricants; Ang Luck Seh, AP Oil, Director; Zhang Liany<strong>in</strong>g, S<strong>in</strong>opec<br />
Lubricants, Deputy Director of Technology Dept.; Jia Q<strong>in</strong>gyue, S<strong>in</strong>opec Lubricants, Vice Director of Plann<strong>in</strong>g Dept.; Nikos<br />
Panagopoulos, Aspropyrgos Plant Manager<br />
Volunteers clean<strong>in</strong>g the coast of Aspropyrgos<br />
International Coastal<br />
Cleanup Day<br />
September 15, 2012 was declared<br />
International Coastal Volunteer Cleanup<br />
Day. Many times <strong>in</strong> the past Aegean has<br />
proven its sensitivity regard<strong>in</strong>g environmental<br />
protection issues, and on this occasion,<br />
with the participation of its employees, conducted<br />
a thorough clenaup of the coastal<br />
area around the pier of its Aspropyrgos<br />
Installations. The result at the end of the<br />
cleanup was very impressive and creted a<br />
sense of cleanness comparable to that of<br />
organized beaches. We must all participate<br />
<strong>in</strong> environment related events that directly<br />
impact our daily lives and our future!<br />
AEGEAN NEWS AUTUMN 2012
Aegean and International Maritime University of Panama<br />
Cooperation<br />
International Mar<strong>in</strong>e University of Panama students dur<strong>in</strong>g an<br />
<strong>in</strong>ternship at Aegean Panama.<br />
Signature of Internship program<br />
On June 14, 2012, Aegean Panama and The International<br />
Maritime University of Panama (IMUP) signed a cooperation<br />
agreement to offer students and cadets of the Maritime<br />
transportation faculty the opportunity to develop their<br />
knowledge and skills acquired dur<strong>in</strong>g their career.<br />
This agreement was signed at the International Maritime<br />
University of Panama facilities by Eng<strong>in</strong>eer Carls Von L<strong>in</strong>deman,<br />
General Manager of Aegean Panamá, and the President<br />
of the International Maritime University of Panama,<br />
Eng<strong>in</strong>eer Carls von L<strong>in</strong>deman <strong>in</strong>troduc<strong>in</strong>g students to <strong>in</strong>ternship<br />
program<br />
Eng<strong>in</strong>eer Victor Luna Barahona.<br />
The ma<strong>in</strong> objective of this cooperation agreement is to establish<br />
with IMUP an <strong>in</strong>ternship program that allows students<br />
to develop a connection between the theoretical knowledge<br />
acquired at the university and practical application.<br />
This year Aegean Panamá chose seven students from<br />
IMUP to conduct their <strong>in</strong>ternship, whereby they got the<br />
opportunity to put <strong>in</strong> practice their skills with<strong>in</strong> a professional<br />
and safe occupational environment.<br />
Annual Oil and Shipp<strong>in</strong>g Africa Conference<br />
The fourth Annual Oil and Shipp<strong>in</strong>g Africa Conference<br />
was held <strong>in</strong> Accra’s Movenpick Hotel <strong>in</strong><br />
Ghana. Aegean had a dynamic presence s<strong>in</strong>ce<br />
it was one of the sponsors and was represented<br />
by Capta<strong>in</strong> Theofilos Pizanias, Station Manager<br />
of the local Aegean office <strong>in</strong> Tema, and by Maria<br />
Kritikou, Bunker<strong>in</strong>g Sales and Market<strong>in</strong>g Manager<br />
for Western Africa and the Canary Islands.<br />
Approximately 50 delegates particpated, mostly<br />
suppliers from Western Africa as well as European<br />
traders.<br />
Dur<strong>in</strong>g the first day the panel analyzed the local<br />
market and the οffshore bunker<strong>in</strong>g spots, with<br />
references made to the competition <strong>in</strong> the region<br />
and the problems dur<strong>in</strong>g the bunker<strong>in</strong>g process.<br />
Capta<strong>in</strong> Pizanias was one of the speakers and<br />
analyzed the challenges the company’s barges face on a daily basis. Dur<strong>in</strong>g the second day<br />
of the conference the focus was on the commencement of low sulphur products sales <strong>in</strong> the<br />
region s<strong>in</strong>ce, beg<strong>in</strong>n<strong>in</strong>g August 1, 2012, regulations came <strong>in</strong>to effect that oblige ships sail<strong>in</strong>g<br />
<strong>in</strong> the area of North America and the Carribean to use low sulphur fuel. It is possible <strong>in</strong> the<br />
future to have a demand for such products for ships also sail<strong>in</strong>g from Western Africa to North<br />
America. Furthermore, a special reference was made to the issue of piracy, which is on the<br />
rise, especially <strong>in</strong> the region of Nigeria. The particpation of Aegean was critical as it is the only<br />
company <strong>in</strong> the region with an official bunker<strong>in</strong>g license from the local government.<br />
Promotional material with the Aegean logo<br />
Capta<strong>in</strong> Theofilos Pizanias (L)<br />
AUTUMN 2012 AEGEAN NEWS
A e g e a n U p d a t e<br />
Aegean News<br />
iPad App<br />
Launched<br />
Aegean executives and young Pontians <strong>in</strong> front of the P.Tanimanidis’ sculpture at Aegean’s headquarters<br />
Young Pontians from Elefs<strong>in</strong>a Pontian<br />
Association Visit Aegean<br />
A group of twenty five young people from the Pontian Association of MY Elefs<strong>in</strong>a<br />
paid a courtesy visit to Aegean’s headquarters at 10 Akti Kondyli, <strong>in</strong> Piraeus.<br />
CY<br />
The association’s youth, accompanied by the President Sophia Kosmidou<br />
CMY<br />
and other members of the Board, were given a tour of the build<strong>in</strong>g and were<br />
K<br />
briefed by Aegean’s Human Resources Manager, Andonis Papadakis, and Aegean<br />
Mar<strong>in</strong>e Petroleum’s Manager Grigoris Robolakis. The young people were<br />
impressed by the “Muddy Dream of Refugees” <strong>in</strong>stallation <strong>in</strong> the shape of lyre,<br />
a creation of sculptor Panayiotis Tanimanidis, hang<strong>in</strong>g <strong>in</strong> the entrance of the<br />
build<strong>in</strong>g. They also showed great <strong>in</strong>terest <strong>in</strong> the bust of Zoras Melissanidis, also<br />
at the entance close to the build<strong>in</strong>g’s foundations, as his memory was and will<br />
always rema<strong>in</strong> for the Melissanidis family. The visit concluded with a small reception<br />
on the build<strong>in</strong>g’s eighth floor, <strong>in</strong> the presence of Dimitris Melissanidis,<br />
who among other th<strong>in</strong>gs po<strong>in</strong>ted out to the young people the importance of<br />
studies and of the confidense a young person must have to succeed <strong>in</strong> life. The<br />
young Pontians offered Mr. Melissanidis traditional Pontian specialties and<br />
Aegean offered to each one of them commemorative gifts.<br />
Logg<strong>in</strong>g On<br />
Customers and associates of Aegean<br />
may visit the company’s website, www.<br />
<strong>aegean</strong>oil.com, to learn about the company’s<br />
activities. Bunker<strong>in</strong>g customers<br />
may register onl<strong>in</strong>e to conduct bus<strong>in</strong>ess<br />
and ma<strong>in</strong>ta<strong>in</strong> contact with the bunker<strong>in</strong>g<br />
department at www.ampni.com.<br />
New Aegean<br />
Personnel<br />
The follow<strong>in</strong>g employees have jo<strong>in</strong>ed<br />
the Aegean work force.<br />
ADMINISTRATION SECRETARY<br />
Penelope Katsani<br />
ΑEGEAN SHIPPING MANAGEMENT<br />
Dimitrios Deligiorgis<br />
AEGEAN MARINE PETROLEUM<br />
Chara Fykiri<br />
Stavros Kalenderidis<br />
Panagiota Skandami<br />
AEGEAN BUNKERING SERVICES<br />
Christos Leivadas<br />
HEC<br />
Maria Stamatoyianni<br />
Nikoleta Stavrakopoulou<br />
C<br />
M<br />
Y<br />
CM<br />
You're on the move.<br />
So are we.<br />
Get Aegean News wherever you are.<br />
Readers around the world may now enjoy<br />
Aegean News on their iPads, on the new<br />
iPad version of the company’s quarterly<br />
magaz<strong>in</strong>e, recently launched. The iPad<br />
version of Aegean News is enhanced w ith<br />
additional editorial material, more photos,<br />
video and audio.<br />
Accord<strong>in</strong>g to George Melissanidis, Owner<br />
at Aegean Shipp<strong>in</strong>g Management, “the iPad<br />
version of Aegean News is the natural next<br />
step for our magaz<strong>in</strong>e, recognized as one of<br />
the f<strong>in</strong>est magaz<strong>in</strong>es <strong>in</strong> the <strong>in</strong>dustry. We are<br />
pleased to launch the iPad version so that<br />
our friends, colleagues, and bus<strong>in</strong>ess partners<br />
around the world may follow Aegean.<br />
As we expand and establish a presence <strong>in</strong><br />
more locations around the globe, we are<br />
committed to ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g a strong relationship<br />
with all colleagues. The reaction to<br />
date has been very positive and I expect<br />
each issue to have content that is <strong>in</strong>terest<strong>in</strong>g<br />
and valuable, and that provides <strong>in</strong>sight<br />
<strong>in</strong>to the unique Aegean culture that we have<br />
established.”<br />
Aegean News is free and available from<br />
Apple iTunes.<br />
AEGEAN NEWS AUTUMN 2012
Gibraltar<br />
National Day<br />
The 1929 Ford A Tourer with which Aegean participated <strong>in</strong> the Regularity Classic category<br />
All types of old cars participated <strong>in</strong> the very successful event<br />
Aegean Oil Sponsors<br />
FILPA Circuit Revival<br />
On Sunday, September 9, 2012, the revival of the<br />
Tatoi circuit was held at the military airport <strong>in</strong> Athens.<br />
The race was organized by FILPA (Friends of<br />
Old Cars) to celebrate 40 years s<strong>in</strong>ce its foundation.<br />
One of the ma<strong>in</strong> sponsors of the event was Aegean<br />
Oil, actively participat<strong>in</strong>g with one of the oldest<br />
race cars, a Ford A Tourer (1929) <strong>in</strong> the Regularity<br />
Classic category. S<strong>in</strong>ce the last race at Tatoi<br />
took place <strong>in</strong> 1983, the revival was truly a celebration<br />
of the automobile. The event was a great<br />
success with the participation of 162 cars and 57<br />
motorcycles <strong>in</strong> the presence of 7,000 spectators.<br />
Viewers had the opportunity to admire v<strong>in</strong>tage<br />
cars <strong>in</strong> the Regularity Classic category such as<br />
a Hupmobile R (1920), a Ford Tourer (1929), a<br />
Rolls Royce 20/25 DHC's (1930), a Mercedes<br />
Benz of 230 (1937), a Studebaker Champion<br />
(1950), a Jaguar MKII (1953), a Borg Ward Isabella (1958), and old motorcycles <strong>in</strong>clude<strong>in</strong>g a<br />
Rudge Whitworth from1928, a BMW R12 from 1935, a New Imperial 46 Standard from 1937,<br />
an AJS Silver Streak 350 from 1938, and others.<br />
In the Super Classic category, cars from the decades of the ‘60s, ‘70s and ‘80s participated<br />
which have left their mark <strong>in</strong> history, <strong>in</strong>clud<strong>in</strong>g a Porsche 911SC, a Ford GT 40 (1967), a BMW<br />
2002Ti, and an Alfa Romeo 2000 GT Veloce.<br />
After the great success of the event FILPA is consider<strong>in</strong>g to establish this race as an annual<br />
event with the participation of foreign teams as well.<br />
Gibraltar National Day was officially celebrated<br />
on September 10, as is done every<br />
year, <strong>in</strong> commemoration of Gibraltar’s<br />
first Sovereignty Referendum held <strong>in</strong><br />
1967. In the Referendum the people of<br />
Gibraltar voted aga<strong>in</strong>st Spanish rule and<br />
<strong>in</strong> favor of rema<strong>in</strong><strong>in</strong>g under British rule,<br />
with a self-govern<strong>in</strong>g adm<strong>in</strong>istration.<br />
The town was pa<strong>in</strong>ted red and white for<br />
the day, which commenced with the gather<strong>in</strong>g<br />
of the public at Casemates Square.<br />
There, the leaders of the current government<br />
and opposition gave speeches followed<br />
by the release of thousands of red<br />
and white balloons by the newly appo<strong>in</strong>ted<br />
Mayor of Gibraltar.<br />
The day was full of events, with per<strong>form</strong>ances<br />
by a variety of local talent on<br />
the stage erected for the celebrations at<br />
Casemates and conclud<strong>in</strong>g with a rock<br />
concert and an impressive fireworks display<br />
late <strong>in</strong> the even<strong>in</strong>g at the Detached<br />
Mole breakwater. The locals enjoyed the<br />
celebrations with family and friends,<br />
<strong>in</strong>dulg<strong>in</strong>g <strong>in</strong> local specialties at the many<br />
restaurants around the Rock.<br />
Red and white balloons set free at Casemates Square<br />
AUTUMN 2012 AEGEAN NEWS
F l o w s a n d C u r r e n t s<br />
ABUDABI: The course of the pipel<strong>in</strong>e<br />
Greek Merchant Mar<strong>in</strong>e Once Aga<strong>in</strong><br />
<strong>in</strong> Qualship 21<br />
Abu Dhabi Oil Pipel<strong>in</strong>e<br />
<strong>in</strong> Operation<br />
The commencement of operation<br />
of the oil pipel<strong>in</strong>e from Abu Dhabi<br />
on July 15 represents a significant<br />
development <strong>in</strong> the energy sector.<br />
The 360-kilometer pipel<strong>in</strong>e can<br />
transport 1.5 million barrels of crude<br />
oil per day and its construction cost<br />
approximately 3 billion U.S. dollars.<br />
The pipel<strong>in</strong>e bypasses the Strait of<br />
Hormuz—through which 20% of<br />
global production is transported—<br />
and as a result the possibility of<br />
the Strait’s blockade by Iran, as has<br />
often been threatened, to affect the<br />
price of oil, is now weaker. The first<br />
quantity of oil from the pipel<strong>in</strong>e is<br />
dest<strong>in</strong>ed to Pakistan with f<strong>in</strong>al dest<strong>in</strong>ation<br />
the port of Fujairah <strong>in</strong> the<br />
eastern part of the UAE.<br />
The operation of the pipel<strong>in</strong>e re<strong>in</strong>forces<br />
significantly the geostrategic<br />
mean<strong>in</strong>g of the port of Fujairah,<br />
where Aegean has an important position<br />
<strong>in</strong> the supply of mar<strong>in</strong>e fuel.<br />
Greek flag fleet <strong>in</strong> American Coast Guard’s Qualship 21<br />
Accord<strong>in</strong>g to data released on August 21 from the U.S. Coast Guard, Greece is<br />
aga<strong>in</strong> among the Quality Flag States that have met the demand<strong>in</strong>g standards<br />
to reta<strong>in</strong> the prestigious Qualship 21 award.<br />
Qualship 21 started <strong>in</strong> 2001 as an <strong>in</strong>itiative that established a system of quality<br />
evaluation and the provision of <strong>in</strong>centives for foreign flag ships reach<strong>in</strong>g<br />
U.S. ports. With Greece’s participation <strong>in</strong> Qualship 21, ships with the Greek<br />
flag will cont<strong>in</strong>ue to enjoy special privileges when enter<strong>in</strong>g American ports,<br />
while at the same time the high quality level of the Greek flag is reconfirmed.<br />
Other countries that have qualified for Qualship 21 for 2012 are the Bahamas,<br />
Cayman Islands, Denmark, France, Hong Kong, Japan, UK, Liberia, Marshal<br />
Islands, Netherlands, Norway, Sweden, and Switzerland.<br />
Positive Economic Results<br />
for Thessaloniki Port Authority<br />
The Port of Thessaloniki<br />
The f<strong>in</strong>ancial per<strong>form</strong>ance of the Thessaloniki<br />
Port Authority dur<strong>in</strong>g the first semester<br />
of 2012 reflects the potential and positive<br />
prospects of Thessaloniki’s port.<br />
Specifically, earn<strong>in</strong>gs before taxes dur<strong>in</strong>g<br />
that period totaled 12,705, 482 Euros,<br />
compared with 6,248,973 Euros of the<br />
same period <strong>in</strong> 2011 (an <strong>in</strong>crease of<br />
103.32%), whereas after taxes earn<strong>in</strong>gs<br />
amounted to 10,117,960 Euros, compared<br />
with 4,909,787 Euros for same period <strong>in</strong><br />
2011 (106.08% <strong>in</strong>crease). The company's<br />
turnover for the first half of 2012 amounted<br />
to 27,243,373 Euros compared with<br />
24,367,349 Euros <strong>in</strong> the correspond<strong>in</strong>g<br />
half of 2011, represent<strong>in</strong>g an <strong>in</strong>crease of<br />
11.8%. This change comes primarily from<br />
the <strong>in</strong>crease <strong>in</strong> conventional cargo transport<br />
(72.02% <strong>in</strong> bulk cargo) and revenues from<br />
the provision of ISPS security services.<br />
AEGEAN NEWS AUTUMN 2012
Total capacity of Greek merchant fleet cont<strong>in</strong>ues to rise<br />
Increase <strong>in</strong> Total Capacity<br />
of the Greek Merchant Fleet<br />
Accord<strong>in</strong>g to the Greek Statistical Authority (ELSTAT) the total capacity of the Greek merchant<br />
fleet (ships 100 gross tons and above) amounted to 44,086,726 tons <strong>in</strong> July 2012 and registered<br />
an <strong>in</strong>crease of 2.2% compared with July 2011. However, also accord<strong>in</strong>g to ELSTAT,<br />
the Greek merchant fleet (ships 100 gross tons and above) registered a reduction of 3.6%, <strong>in</strong><br />
July 2012, compared with July 2011 and reached 1,968 ships.<br />
Greek Parliament Ratifies MLC 2006<br />
On September 6, the Greek Parliament's Stand<strong>in</strong>g Committee on Production and<br />
Trade ratified by majority vote the Maritime Labour Convention (MLC) 2006.<br />
The ratification was approved by all political parties, apart from Chryssi Avgi<br />
(Golden Dawn). The International Labour Organization (ILO) adopted the<br />
Maritime Labour Convention (MLC) 2006 <strong>in</strong> February 2006. MLC specifies<br />
m<strong>in</strong>imum conditions for the health, safety and prosperity of seafarers, shap<strong>in</strong>g<br />
a legislative framework for the protection of their rights. It is often called the<br />
‘fourth pillar of maritime legislation’ complement<strong>in</strong>g STCW, SOLAS and MAR-<br />
POL legislation.<br />
High rank<strong>in</strong>g for Greek fleet <strong>in</strong> Paris MoU’s White List<br />
The Greek Flag<br />
Rema<strong>in</strong>s High<br />
Accord<strong>in</strong>g to <strong>in</strong>spections carried out<br />
with<strong>in</strong> the framework of the Paris<br />
Memorandum (Paris MoU) on Port State<br />
Control, and despite the crisis the<br />
country is fac<strong>in</strong>g, the merchant fleet<br />
under the Greek flag holds one of the<br />
highest positions <strong>in</strong> terms of quality.<br />
Not only did it ma<strong>in</strong>ta<strong>in</strong> its position <strong>in</strong><br />
the Paris MoU’s White List but, accord<strong>in</strong>g<br />
to the results of <strong>in</strong>spections carried<br />
out by PSC at various ports around the<br />
world <strong>in</strong> 2011, it registered significant<br />
improvements. As a result, the Greek<br />
register holds 10 th position <strong>in</strong> the Paris<br />
MoU’s White List, out of a total of 43<br />
registers, whereas it ranked 12 t h <strong>in</strong><br />
2010. Furthermore, accord<strong>in</strong>g to a<br />
recent report by Lloyd's List on the 10<br />
strongest registers <strong>in</strong>ternationally, the<br />
Greek register ranks sixth worldwide.<br />
Ch<strong>in</strong>ese Shipyard<br />
Newbuild<strong>in</strong>gs Orders<br />
Slow Down<br />
Accord<strong>in</strong>g to a recent report by Clarksons Hellas, newbuild<strong>in</strong>g order<strong>in</strong>g activity has<br />
been affected by the global economic environment as “volatility, expensive and limited<br />
f<strong>in</strong>ance, and challeng<strong>in</strong>g trad<strong>in</strong>g conditions are permeat<strong>in</strong>g across many shipp<strong>in</strong>g<br />
sectors.” Nevertheless, accord<strong>in</strong>g to the same report, there has been enough of a<br />
steady stream of deal flow for the mid-sized shipyards to ma<strong>in</strong>ta<strong>in</strong> a level of activity<br />
<strong>in</strong> the market. However, 2012 has proved a very challeng<strong>in</strong>g year to date for the<br />
larger capacity shipyards <strong>in</strong> Ch<strong>in</strong>a and Korea, where facilities and production are optimized<br />
for larger sized conventional tonnage.<br />
AUTUMN 2012 AEGEAN NEWS
S h i p p i n g<br />
Aegean<br />
Newbuild<strong>in</strong>g Orders<br />
In cont<strong>in</strong>uation of the strategic<br />
program by Aegean to upgrade and<br />
<strong>in</strong>crease its fleet, Aegean Shipp<strong>in</strong>g<br />
Management (ASM) S.A. has placed<br />
orders for up to six new mediumrange<br />
product tankers at Daesun<br />
Shipbuild<strong>in</strong>g and Eng<strong>in</strong>eer<strong>in</strong>g of Korea.<br />
George Melissanidis, Owner, Aegean Shipp<strong>in</strong>g Management with Jae Yong Ahn, President, Daesun Shipbuild<strong>in</strong>g &<br />
Eng<strong>in</strong>eer<strong>in</strong>g Co. Ltd.<br />
Faidon Tomazos, S & P Director, Cass Technava Maritime; Menelaos Ksideris,Technical Manager, Aegean Shipp<strong>in</strong>g Management; Ki Chang Kim, Executive Director, Daesun Shipbuild<strong>in</strong>g; Spyros<br />
Fokas; AMPNI General Counsel;George Melissanidis, Owner, Aegean Shipp<strong>in</strong>g Management; Jae Yong Ahn, President of Daesun Shipbuild<strong>in</strong>g; Sara Yiank, Secretary at Cass Technava Maritime;<br />
Nikos Fistes, Consultant A.S.M; Seo Jeong Hwan,Deputy General Manager, Daesun Shipbuild<strong>in</strong>g; Jung Wook Noh, Assistant Manager, Daesun Shipbuild<strong>in</strong>g<br />
10 AEGEAN NEWS AUTUMN 2012
Four of the 52,000 dwt tanker<br />
orders are firm and are scheduled<br />
for delivery to Aegean<br />
Shipp<strong>in</strong>g Management <strong>in</strong> early 2014.<br />
The contracts, which were <strong>in</strong>ked <strong>in</strong><br />
September, also provide for two optional<br />
vessels.<br />
Accord<strong>in</strong>g to George Melissanidis,<br />
owner of Aegean Shipp<strong>in</strong>g Management,<br />
“this is the latest MR third generation<br />
ECO type design, optimized<br />
through extensive model tests, to have<br />
efficient hull l<strong>in</strong>es and propeller optimized<br />
to achieve a speed of 13.8 knots<br />
and a fuel consumption of 23.1t/day.”<br />
The vessels are able to carry a wide<br />
range of homogeneous and parcel<br />
cargoes, rang<strong>in</strong>g from Crude Oils and<br />
Product Oils to full segregated parcel<br />
cargoes of Chemical Type IMO II.<br />
The cargo pip<strong>in</strong>g system is able<br />
of load/discharge seven (7) grades<br />
simultaneously with an <strong>in</strong>dependent<br />
cargo pump<strong>in</strong>g and pip<strong>in</strong>g system (1-<br />
tank, 1-pump system).<br />
The vessels are to be built to the<br />
highest notations of LR& GL class.<br />
LR<br />
+ 100A1, dEDouble Hull Oil and<br />
Faidon Tomazos; Dionysia Mathiopoulou, Executive Secretary of Mr. Melissanidis, George Melissanidis; Spyros Fokas<br />
Chemical Tanker, Ship Type2, CSR,<br />
ESP, Ship Right (CM, ACS(B), SCM),<br />
LI, *IWS, SPM4, ETA, + LMC, UMS,<br />
IGS, COW, ECO (EEDI, IHM, VECS-<br />
L, P, DIST)<br />
GL<br />
+ 100A5, Oil Tanker, Chemical Tanker,<br />
Ship Type2, CSR, ESP, RSD, CM-PS,<br />
IW, SPM, +MC, AUT, INERT, EP, VEC<br />
Mr. Melissanidis notes that the specification<br />
and design development of the<br />
vessels are be<strong>in</strong>g carried out together<br />
with Daesun Shipbuild<strong>in</strong>g and Aegean’s<br />
technical team. This is a team of professionals<br />
with extensive expertise <strong>in</strong> the<br />
field of shipbuild<strong>in</strong>g and the tanker<br />
<strong>in</strong>dustry, and will be responsible for the<br />
monitor<strong>in</strong>g of the whole project.<br />
Daesun Shipbuild<strong>in</strong>g and Eng<strong>in</strong>eer<strong>in</strong>g<br />
Daesun Shipbuild<strong>in</strong>g and Eng<strong>in</strong>eer<strong>in</strong>g<br />
Co., Ltd., of Korea, with a shipbuild<strong>in</strong>g<br />
experience of 10 years, designs,<br />
builds, converts, and overhauls<br />
various types of ocean-go<strong>in</strong>g vessels<br />
for the commercial markets. The<br />
company's products <strong>in</strong>clude conta<strong>in</strong>er<br />
ships, bulk carriers, oil tankers, tug<br />
boats, and fish<strong>in</strong>g boats. Daesun Shipbuild<strong>in</strong>g<br />
and Eng<strong>in</strong>eer<strong>in</strong>g also provides<br />
ship repair service.<br />
AUTUMN 2012 AEGEAN NEWS 11
Aegean Mar<strong>in</strong>e Petroleum<br />
12 AEGEAN NEWS AUTUMN 2012
Aegean Aims to<br />
Develop Bunker<strong>in</strong>g<br />
with New Clients<br />
<strong>in</strong> the Port of<br />
Barcelona<br />
Bυ Jean Jose Metey | Director, Corporate Development<br />
In the beg<strong>in</strong>n<strong>in</strong>g of August, Aegean Mar<strong>in</strong>e Petroleum<br />
announced the sign<strong>in</strong>g of a def<strong>in</strong>itive agreement with Meroil,<br />
a Barcelona-based oil and energy logistics company, to<br />
secure onshore fuel oil storage capacity <strong>in</strong> the term<strong>in</strong>al.<br />
Meroil tanks<br />
Aim<strong>in</strong>g to <strong>in</strong>crease sales <strong>in</strong><br />
Barcelona by br<strong>in</strong>g<strong>in</strong>g its<br />
own clients, Aegean plans to<br />
establish <strong>in</strong> Barcelona a new Aegean<br />
service center and commence physical<br />
supply bunker<strong>in</strong>g operations <strong>in</strong><br />
Barcelona by the first quarter of 2013.<br />
The port of Barcelona serves as a<br />
key transportation hub located along<br />
major seaborne trade routes, total<strong>in</strong>g<br />
approximately 10,000 transits per<br />
year and generat<strong>in</strong>g approximately<br />
1.2 million metric tons of annual mar<strong>in</strong>e<br />
fuel sales. The port, which also<br />
benefits from extensive cruise passenger<br />
travel, is currently undergo<strong>in</strong>g<br />
a modernization and expansion<br />
plan headed by the Barcelona Port<br />
Authority that is expected to substantially<br />
<strong>in</strong>crease the port's capacity<br />
upon completion <strong>in</strong> 2014.<br />
The onshore fuel oil storage capacity<br />
secured by Aegean will have<br />
enough capacity to handle the Barcelona<br />
bunker market <strong>in</strong> the years<br />
to come. Complement<strong>in</strong>g its access<br />
to this onshore storage <strong>in</strong> the port of<br />
Barcelona, Aegean <strong>in</strong>tends to provide<br />
retail bunker<strong>in</strong>g services to all major<br />
shipp<strong>in</strong>g sectors as well as lead<strong>in</strong>g<br />
cruise l<strong>in</strong>es, <strong>in</strong> port and at anchorage.<br />
All grades of Mar<strong>in</strong>e Fuel Oil and<br />
Mar<strong>in</strong>e Gas Oil 0.1 % will be available<br />
at standard ISO specifications.<br />
Our operation will <strong>in</strong>clude major approved<br />
barge deliveries <strong>in</strong> port and at<br />
designated anchorage positions, on a<br />
24-hour basis, 7 days a week.<br />
AUTUMN 2012 AEGEAN NEWS 13
Aegean Mar<strong>in</strong>e Petroleum<br />
The City<br />
of Barcelona<br />
Meroil offices<br />
Meroil Term<strong>in</strong>al<br />
Meroil, which operates the largest Spanish coastl<strong>in</strong>e term<strong>in</strong>al for <strong>petroleum</strong> products <strong>in</strong><br />
the Port of Barcelona, <strong>in</strong> addition to other activities, was founded <strong>in</strong> 1993 as an oil operator<br />
with the aim of supply<strong>in</strong>g fuel and related products to service stations, distributors,<br />
<strong>in</strong>dustry, and the agriculture sector.<br />
The construction of the reception and fuel distribution term<strong>in</strong>al <strong>in</strong> the Barcelona port <strong>in</strong><br />
2004, and its later extension completed <strong>in</strong> 2012, has provided Meroil with the second<br />
largest term<strong>in</strong>al <strong>in</strong> Spa<strong>in</strong>, with a surface area of 125,000 m 2 and a storage capacity<br />
of 990,000 m 3 of fuel distributed among 45 tanks. Meroil has established the largest<br />
receiv<strong>in</strong>g and distribut<strong>in</strong>g term<strong>in</strong>al of <strong>petroleum</strong> products on the Spanish coastl<strong>in</strong>e and<br />
the second on the Iberian pen<strong>in</strong>sula. It has the most advanced management, quality and<br />
environmental protection systems available.<br />
Construction work on the Barcelona Term<strong>in</strong>al commenced <strong>in</strong> May 2003 and was completed<br />
<strong>in</strong> record time. The first phase was launched <strong>in</strong> October 2004 and the second<br />
two years later, <strong>in</strong> October 2006, with the completion of the present storage capacity<br />
<strong>in</strong> 2012 of nearly 1 million tons.<br />
From left: Jose Maria Massanela, Meloil General Manager; J.J.Metey, AMP Corporate Development Director, Spyros Fokas,<br />
AMPNI General Counsel<br />
View of Barcelona<br />
Barcelona is the capital of Catalonia<br />
and the second largest city <strong>in</strong> Spa<strong>in</strong>,<br />
follow<strong>in</strong>g Madrid, with a population<br />
of 1,800,000. The urban area<br />
of Barcelona extends beyond the<br />
adm<strong>in</strong>istrative city limits with a<br />
population of 5,000,000, be<strong>in</strong>g the<br />
sixth-most populous urban area <strong>in</strong><br />
the European Union after Paris, London,<br />
the Ruhr, Madrid and Milan.<br />
Barcelona is today one of the world's<br />
lead<strong>in</strong>g tourist, economic, trade<br />
fair/exhibition and cultural/sports<br />
centers, and its <strong>in</strong>fluence on commerce,<br />
education, enterta<strong>in</strong>ment,<br />
media, fashion, science, and the arts<br />
all contribute to its status as one of<br />
the world's major global cities.<br />
Barcelona is a transport hub with<br />
one of Europe's pr<strong>in</strong>cipal ports, Barcelona<br />
<strong>in</strong>ternational airport, which<br />
handles more than 34 million passengers<br />
annually, an extensive motorway<br />
network and also is a highspeed<br />
rail hub, particularly that<br />
which is <strong>in</strong>tended to l<strong>in</strong>k Spa<strong>in</strong> with<br />
France and the rest of Europe as the<br />
second longest <strong>in</strong> the world.<br />
14 AEGEAN NEWS AUTUMN 2012
The Port of Barcelona<br />
The Port of Barcelona aims to become<br />
the lead<strong>in</strong>g logistics port of the<br />
South of Europe and the Mediterranean<br />
by 2015.<br />
S<strong>in</strong>ce 2000, the Port has generated<br />
<strong>in</strong>vestment to the tune of more than<br />
3 billion Euros from both the public<br />
and the private sectors.<br />
A further 1 billion Euros will be<br />
<strong>in</strong>vested up to 2014 to complete the<br />
enlargement efforts of the city’s <strong>in</strong>frastructure.<br />
For the period 2000-2014, the Port<br />
of Barcelona will therefore have attracted<br />
4 billion Euros <strong>in</strong> <strong>in</strong>vestment<br />
from the public sector (<strong>in</strong>frastructure)<br />
and from the private sector (<strong>in</strong>stallations,<br />
mach<strong>in</strong>ery and plant cargo<br />
handl<strong>in</strong>g equipment).<br />
The port is currently immersed <strong>in</strong> a<br />
major enlargement process to <strong>in</strong>crease<br />
its area and load<strong>in</strong>g capacity. As a prior<br />
condition for ga<strong>in</strong><strong>in</strong>g space and per<strong>form</strong><strong>in</strong>g<br />
the enlargement, the Spanish<br />
M<strong>in</strong>istry of the Environment diverted<br />
the mouth of the River Llobregat two<br />
kilometers to the south <strong>in</strong> 2004.<br />
This allowed the Port of Barcelona<br />
to build two fundamental elements of<br />
the enlargement—the South seawall<br />
and the extension of the East seawall,<br />
both of which were completed at the<br />
end of 2008. These seawalls are defenses<br />
that generate an area of sheltered<br />
waters <strong>in</strong> which to build the load<strong>in</strong>g<br />
term<strong>in</strong>als. With the new seawalls, the<br />
Port of Barcelona has doubled the area<br />
that was available <strong>in</strong> 2000, which now<br />
stands at 1,300 hectares of land.<br />
The South seawall, which is 4,800<br />
meters long and has a maximum<br />
draught of 22 meters, cost 340 million<br />
The port of Barcelona with Meroil tanks <strong>in</strong> the background<br />
Euros, while the works for extend<strong>in</strong>g<br />
the East seawall by 2,025 meters<br />
totalled 225 million Euros. The shelter<strong>in</strong>g<br />
works were completed with the<br />
execution of certa<strong>in</strong> coastal corrective<br />
measures that <strong>in</strong>volved creat<strong>in</strong>g<br />
a beach south of the diverted river<br />
course, <strong>in</strong>volv<strong>in</strong>g an <strong>in</strong>vestment of 26<br />
million Euros.<br />
The rail sector was also prom<strong>in</strong>ent<br />
this year, adapt<strong>in</strong>g the two large conta<strong>in</strong>er<br />
term<strong>in</strong>als (TCB and TerCat)<br />
to <strong>in</strong>ternational rail gauge, mak<strong>in</strong>g<br />
Barcelona the first port <strong>in</strong> the State<br />
connected to the cont<strong>in</strong>ent with European<br />
gauge.<br />
The cruise sector received a major<br />
boost dur<strong>in</strong>g 2011 with the arrival of the<br />
three largest ships that sail <strong>in</strong> the Mediterranean<br />
(Magic Carnival, Norwegian<br />
Epic and Liberty of the Seas).<br />
AUTUMN 2012 AEGEAN NEWS 15
Ι n t e r v i e w<br />
Kostis Moussouroulis<br />
M<strong>in</strong>ister of Shipp<strong>in</strong>g, Maritime<br />
Affairs and the Aegean<br />
Kostis Moussouroulis, M<strong>in</strong>ister of Shipp<strong>in</strong>g, Maritime Affairs and the Aegean, talks to Aegean News<br />
about the M<strong>in</strong>istry’s plans to re<strong>in</strong>force and further develop Greece’s shipp<strong>in</strong>g <strong>in</strong>dustry.<br />
How important is shipp<strong>in</strong>g to the Greek economy Is there<br />
or will there be a policy to <strong>in</strong>crease the number of Greekflagged<br />
vessels<br />
Our country is a leader <strong>in</strong> the <strong>in</strong>ternational shipp<strong>in</strong>g<br />
arena. For half a century it ranks ahead of major shipp<strong>in</strong>g<br />
countries and is recognized as a global shipp<strong>in</strong>g power. We<br />
fully recognize the contribution of Greek shipp<strong>in</strong>g, and<br />
especially of ocean go<strong>in</strong>g shipp<strong>in</strong>g, s<strong>in</strong>ce it not only ensures<br />
<strong>in</strong>ternational prestige for the country but also produces<br />
wealth. We can <strong>in</strong>crease this wealth by adjust<strong>in</strong>g, where<br />
needed, the special legislative framework to the conditions<br />
prevail<strong>in</strong>g <strong>in</strong>ternationally <strong>in</strong> sea transport. Our goal is the<br />
qualitative and quantitative improvement of the Greek<br />
Register as well as the <strong>in</strong>crease of the number of jobs for<br />
Greek seafarers. To ensure our country’s lead<strong>in</strong>g position<br />
we have chosen three specific <strong>in</strong>itiatives:<br />
M<strong>in</strong>istry of Shipp<strong>in</strong>g, Maritime Affairs and the Aegean headquarters<br />
First, the modernization and proper support of the<br />
Register to re<strong>in</strong>force the Greek flag and the attraction of<br />
maritime foreign exchange.<br />
Second, the creation of a s<strong>in</strong>gle, dedicated <strong>in</strong><strong>form</strong>ation<br />
clear<strong>in</strong>g house, operat<strong>in</strong>g 24-hours a day, to serve the<br />
needs of all shipp<strong>in</strong>g stakeholders, elim<strong>in</strong>ate bureaucracy,<br />
and that will also be used to attract major management and<br />
commercial fleet development companies.<br />
Third, the attraction to Greece—through a variety of <strong>in</strong>centives—of<br />
companies with services supportive to shipp<strong>in</strong>g.<br />
Studies confirm our country’s deficiencies compared<br />
with other countries, such as the Netherlands, UK, Norway,<br />
which have created attractive conditions for their<br />
maritime <strong>in</strong>dustry. I believe that these three actions will<br />
endow Greek shipp<strong>in</strong>g with more competitive services,<br />
added value to the national product, and will re<strong>in</strong>force the<br />
national economy.<br />
The ports of Greece are <strong>in</strong> a period of transition. Please<br />
describe how you envision Greece’s ports to evolve <strong>in</strong> the<br />
next decade.<br />
To develop port <strong>in</strong>frastructure and to attract <strong>in</strong>vestment,<br />
we need an <strong>in</strong>tegrated national ports policy for the major<br />
ports, the small regional ports and the port authorities, a<br />
policy which we will present soon. What I can tell you now<br />
is this. There will be an alignment with the European ports<br />
model, through an elaboration of an <strong>in</strong>tegrated Strategic<br />
National Port Policy and with the establishment of a Regulator<br />
that will ensure the protection of consumers’ rights<br />
that will deal with the specification of prices and with the<br />
quality of services by the ma<strong>in</strong> port operators. Also, there<br />
will be clusters that are attractive for <strong>in</strong>vestment. Especially<br />
16 AEGEAN NEWS AUTUMN 2012
for the so-called “tourist ports” I would like to emphasize<br />
the follow<strong>in</strong>g: The program we are prepar<strong>in</strong>g does not provide<br />
for the sale of port <strong>in</strong>stallations to private parties, but<br />
for concessions, through transparent, <strong>in</strong>ternational tender<br />
procedures, of specific activities for <strong>in</strong>vestment schemes<br />
(Greek or <strong>in</strong>ternational) for a specific period of time. The<br />
goal is to create <strong>in</strong>stallations and services of the highest<br />
standards. The concession contracts will provide for the<br />
private <strong>in</strong>vestor’s obligation to implement the necessary <strong>in</strong>vestment<br />
<strong>in</strong> <strong>in</strong>frastructure for the provision of services that<br />
exist <strong>in</strong> <strong>in</strong>ternational mar<strong>in</strong>as and tourist ports.<br />
How important is the privatization program for Greece’s<br />
ports<br />
As I have expla<strong>in</strong>ed, it is a very significant development.<br />
The benefits for every local community from the successful<br />
outcome of the <strong>in</strong>ternational tender for their port will<br />
be multiple and will result from:<br />
• The <strong>in</strong>crease of the country’s attractiveness as a tourist<br />
dest<strong>in</strong>ation and the overall upgrad<strong>in</strong>g of the tourism<br />
product<br />
• The <strong>in</strong>crease of employment result<strong>in</strong>g from the operation<br />
of a mar<strong>in</strong>a that will offer <strong>in</strong>tegrated services<br />
• The consumption of products and services by mar<strong>in</strong>a users,<br />
who are expected to be more than they are today<br />
A key component of growth <strong>in</strong> Greece <strong>in</strong> the next decade<br />
could arise from shipp<strong>in</strong>g and the maritime sector. How important<br />
is putt<strong>in</strong>g a new emphasis on maritime education as<br />
a lever to spur <strong>in</strong>terest <strong>in</strong> the maritime <strong>in</strong>dustry<br />
The ma<strong>in</strong> objective to ma<strong>in</strong>ta<strong>in</strong> the size of Greek shipp<strong>in</strong>g<br />
is the creation of the necessary skilled workforce, through<br />
an educational system that meets the quantitative and<br />
qualitative staff<strong>in</strong>g needs of Greek ships. In recent years<br />
our country has experienced an unprecedented economic<br />
crisis, the results of which are clearly visible <strong>in</strong> maritime<br />
education, s<strong>in</strong>ce the great <strong>in</strong>crease <strong>in</strong> unemployment created<br />
the proper conditions for young people to turn to<br />
the mar<strong>in</strong>e profession. Consequently, dur<strong>in</strong>g the previous<br />
and the present academic year, there is a trend, which<br />
is expected to be ma<strong>in</strong>ta<strong>in</strong>ed <strong>in</strong> the near future years as<br />
well, to enter mar<strong>in</strong>e studies. At the same time, and dur<strong>in</strong>g<br />
the same period, employers have repeatedly <strong>in</strong>creased<br />
the demand for maritime labor. Respond<strong>in</strong>g to this need,<br />
we decided on the entry of an <strong>in</strong>creased number of first<br />
year students dur<strong>in</strong>g this academic year. Furthermore, we<br />
are prepar<strong>in</strong>g a scheme for maritime education which is<br />
currently <strong>in</strong> the f<strong>in</strong>al phase, and which <strong>in</strong>cludes—among<br />
other provisions—the organization and management of<br />
The M<strong>in</strong>ister of Shipp<strong>in</strong>g, Maritime Affairs and the Aegean, Kostis Moussouroulis<br />
In recent years our country has experienced<br />
an unprecedented economic crisis, the<br />
results of which are clearly visible <strong>in</strong><br />
maritime education, s<strong>in</strong>ce the great <strong>in</strong>crease<br />
<strong>in</strong> unemployment created the proper<br />
conditions for young people to turn to the<br />
mar<strong>in</strong>e profession.<br />
AUTUMN 2012 AEGEAN NEWS 17
Ι n t e r v i e w<br />
Coast Guard vessel on patrol <strong>in</strong> a Greek island<br />
maritime education, the modernization of the educational<br />
program’s <strong>in</strong>frastructure and of the operations of the Merchant<br />
Mar<strong>in</strong>e Academies.<br />
The Greek-owned fleet is request<strong>in</strong>g Greeks with professional<br />
tra<strong>in</strong><strong>in</strong>g, meet<strong>in</strong>g <strong>in</strong>ternational standards, to staff<br />
its ships. And it is <strong>in</strong> this direction we are proceed<strong>in</strong>g.<br />
We must utilize our competitive advantage<br />
which is geographical, and also the advantage<br />
of our island wealth, a wealth unique <strong>in</strong> the<br />
world, focus<strong>in</strong>g on nature, our sensitive<br />
ecosystem, and culture.<br />
Shipbuild<strong>in</strong>g and ship repair are areas that have seen a<br />
steep decl<strong>in</strong>e <strong>in</strong> Greece. Is there a chance to revitalize these<br />
major sectors<br />
Let me start from the positive aspect of this issue. Greece<br />
has three competitive advantages. Its maritime tradition,<br />
the know-how it has developed <strong>in</strong> ship repair, and a good<br />
climate. Do not be surprised by the latter. When we pa<strong>in</strong>t a<br />
ship, the result is much better here than <strong>in</strong> other countries.<br />
And there are many other similar examples. The negative<br />
aspects of the issue are obvious to all: In the last thirty years<br />
the activities of our shipbuild<strong>in</strong>g, construction and ship<br />
repair zones have shrunk dramatically or have even been<br />
elim<strong>in</strong>ated <strong>in</strong> some sectors. This, of course, reflects the<br />
country’s de-<strong>in</strong>dustrialization and does not concern this<br />
sector alone. The government has recently chosen a National<br />
Coord<strong>in</strong>ator, Mr. Anastasopoulos, who has <strong>in</strong>itiated<br />
the necessary steps to submit proposals for improvements<br />
at all levels of the shipbuild<strong>in</strong>g activity: regard<strong>in</strong>g orders, at<br />
the level of the European commission where we have certa<strong>in</strong><br />
issues pend<strong>in</strong>g, and at the level of attract<strong>in</strong>g projects to<br />
the Greek shipyards.<br />
What are your plans regard<strong>in</strong>g mar<strong>in</strong>e tourism<br />
Together with the M<strong>in</strong>ister for Tourism, Mrs. Olga Kefaloyianni,<br />
we have <strong>in</strong>itiated a dialogue with all bodies<br />
<strong>in</strong>volved <strong>in</strong> mar<strong>in</strong>e tourism, to have proposals submitted<br />
which will be taken <strong>in</strong>to consideration <strong>in</strong> the shap<strong>in</strong>g of<br />
18 AEGEAN NEWS AUTUMN 2012
the relevant draft bill that will be presented to Parliament<br />
for discussion and vot<strong>in</strong>g. We must focus on the development<br />
dimension of mar<strong>in</strong>e tourism, <strong>in</strong> all its aspects. We<br />
must utilize our competitive advantage, which is geographical,<br />
and also the advantage of our island wealth, a<br />
wealth unique <strong>in</strong> the world, focus<strong>in</strong>g on nature, our sensitive<br />
ecosystem, and culture. The question is if and how we<br />
will manage to utilize these assets <strong>in</strong> order to trans<strong>form</strong><br />
the country <strong>in</strong>to a global center for sea tourism, cruises,<br />
yacht<strong>in</strong>g, sail<strong>in</strong>g, and sea excursions, even for <strong>in</strong>flatable<br />
boats. And here aga<strong>in</strong> we need strategic plann<strong>in</strong>g, as well<br />
as a specific <strong>in</strong>stitutional framework.<br />
How is the organization of the M<strong>in</strong>istry of Shipp<strong>in</strong>g, Maritime<br />
Affairs and the Aegean evolv<strong>in</strong>g and should we expect<br />
to see changes to its overall operation<br />
It is widely known that with the establishment of the M<strong>in</strong>istry<br />
of Shipp<strong>in</strong>g, Maritime Affairs and the Aegean we<br />
came face to face with an adm<strong>in</strong>istrative and organizational—please<br />
allow me to say—abnormity, which we had to<br />
immediately correct, and this is what we are <strong>in</strong> the process<br />
of do<strong>in</strong>g. The M<strong>in</strong>istry was fragmented <strong>in</strong> seven other M<strong>in</strong>istries.<br />
What is important is that by decision of the Prime<br />
M<strong>in</strong>ister, Antonis Samaras, shipp<strong>in</strong>g has its own home with<br />
the Coast Guard, and soon we will present a comprehensive<br />
<strong>in</strong>stitutional framework which, when implemented, will allow<br />
us to correct all defects and irregularities.<br />
Do you agree that companies such as Aegean, based <strong>in</strong><br />
Greece, play an important role <strong>in</strong> extend<strong>in</strong>g the service<br />
spectrum of the Greek maritime <strong>in</strong>dustry, add<strong>in</strong>g to highlevel<br />
employment positions, and strengthen<strong>in</strong>g the economic<br />
base of the country<br />
The development of the Greek shipp<strong>in</strong>g <strong>in</strong>dustry and economy,<br />
spearheaded by the shipbuild<strong>in</strong>g <strong>in</strong>dustry, Greek merchant<br />
shipp<strong>in</strong>g and mar<strong>in</strong>e tourism, is a key priority for the<br />
Our country has worthy and competent<br />
bus<strong>in</strong>esspeople, with <strong>in</strong>novative <strong>in</strong>itiatives,<br />
who can stand competitively <strong>in</strong> today’s<br />
bus<strong>in</strong>ess environment, and can contribute to<br />
this country’s prosperity.<br />
M<strong>in</strong>istry of Shipp<strong>in</strong>g and the Aegean. We fully support every<br />
company that offers supportive activities of this development,<br />
offers jobs to Greeks <strong>in</strong> such a critical period for<br />
everyone, and contributes to the re<strong>in</strong>forcement of the Greek<br />
economy. Our country has worthy and competent bus<strong>in</strong>esspeople,<br />
with <strong>in</strong>novative <strong>in</strong>itiatives, who can stand competitively<br />
<strong>in</strong> today’s bus<strong>in</strong>ess environment, and can contribute<br />
to this country’s prosperity.<br />
Biographical Note<br />
Kostis Moussouroulis was born <strong>in</strong><br />
Athens <strong>in</strong> 1963. He studied at the<br />
Athens University of Economy and<br />
Bus<strong>in</strong>ess and has postgraduate degrees<br />
<strong>in</strong> European economy, public<br />
adm<strong>in</strong>istration and <strong>in</strong>ternational relations<br />
from the University of Brussels<br />
(Université libre de Bruxelles-ULB).<br />
Mr. Moussouroulis has been a Member<br />
of the Hellenic Parliament s<strong>in</strong>ce<br />
2009. He is fluent <strong>in</strong> French, English, Italian, Spanish. He is<br />
married to Evridiki Christaki and has three children, Eleni,<br />
Dimitris and Alexandra.<br />
1987-2004: Officer of the European Commission. Served<br />
<strong>in</strong> the Directorates General of F<strong>in</strong>ancial Audit, Research and<br />
Technology and Regional Policy<br />
2004-2007: Secretary General for Investment and Development,<br />
M<strong>in</strong>istry of Economy and F<strong>in</strong>ance. Responsible for the<br />
coord<strong>in</strong>ation of EU co-f<strong>in</strong>anced Operational Programs (CSF and<br />
NSRF), national representation for issues of regional development<br />
and cohesion policy and the management of Community<br />
and national fund<strong>in</strong>g for public <strong>in</strong>vestments. Also, monitor<strong>in</strong>g<br />
of private sector <strong>in</strong>vestments and state aid (Development law<br />
and Member of the National Board for Competitiveness and<br />
Development).<br />
2006-2008: Member of the Board of Directors of the European<br />
Investment Bank (EIB).<br />
2007-2009: Secretary General of the M<strong>in</strong>istry of Development,<br />
responsible for Energy and Natural Resources. Member<br />
of the Board of Directors of the Public Gas Corporation (DEPA<br />
S.A.), Member of the Energy Committee of the Academy of<br />
Athens, President of the Committee for the Promotion of Renewable<br />
Energy Projects, President of the Fuel Supply Crisis<br />
Management Committee.<br />
AUTUMN 2012 AEGEAN NEWS 19
S h i p p i n g<br />
Τhe Fleet of Aegean<br />
Quality, Safety and Respect to the Environment<br />
Μ/Τ Milos, the first of the newbuid<strong>in</strong>gs, built at Fujian Southeast Shipyard <strong>in</strong> Ch<strong>in</strong>a<br />
Aegean Mar<strong>in</strong>e Petroleum is a mar<strong>in</strong>e fuel logistics company that physically supplies and<br />
markets ref<strong>in</strong>ed mar<strong>in</strong>e fuel and lubricants to ships. It is listed on the New York Stock Exchange<br />
(NYSE) and is among the top <strong>in</strong>dependent physical suppliers <strong>in</strong> the world.<br />
Aegean operates a fleet of<br />
tankers which consists of<br />
69 bunker<strong>in</strong>g vessels and 4<br />
float<strong>in</strong>g storage vessels. All vessels are<br />
double hull and certified by <strong>in</strong>ternational<br />
classification societies. Out of<br />
its total fleet, 31 vessels are newbuild<strong>in</strong>gs,<br />
built accord<strong>in</strong>g to the highest<br />
technical specifications and <strong>in</strong> full<br />
compliance with valid <strong>in</strong>ternational<br />
regulations for safety and the protection<br />
of the environment.<br />
Aegean is active <strong>in</strong> numerous<br />
parts of the world (Greece, Gibraltar,<br />
Las Palmas 7 Tenerife, UK, Belgium,<br />
Canada, Mexico, Panama, Jamaica,<br />
Tr<strong>in</strong>idad, S<strong>in</strong>gapore, Hong Kong,<br />
Fujairah, and Ghana) provid<strong>in</strong>g fuel<br />
and lubricant services to all types<br />
of ocean-go<strong>in</strong>g vessels (oil and gas<br />
tankers, conta<strong>in</strong>er ships, dry bulk<br />
carriers, cruise ships, fish<strong>in</strong>g vessels,<br />
ferries and even coastal vessels), <strong>in</strong><br />
port or at sea).<br />
Aegean has a strong management<br />
team of senior executive officers,<br />
qualified and competent <strong>in</strong> all sectors<br />
related to the general management of<br />
shipp<strong>in</strong>g and bunker<strong>in</strong>g and lubricant<br />
services. Regard<strong>in</strong>g the sector of<br />
technical support, it is worth not<strong>in</strong>g<br />
that ship ma<strong>in</strong>tenance is fully supported<br />
by the company’s electronic<br />
Planned Ma<strong>in</strong>tenance System (PMS),<br />
approved by the German Register<br />
(GL), which is closely monitored by<br />
the ships’ officers with the support of<br />
Aegean’s Technical Department.<br />
Aegean, recogniz<strong>in</strong>g the participation<br />
and significant contribution of<br />
the human factor <strong>in</strong> the services it<br />
provides, is committed to the cont<strong>in</strong>uous<br />
improvement of its work<br />
force through tra<strong>in</strong><strong>in</strong>g programs and<br />
awareness. The company, <strong>in</strong> its effort<br />
to secure reliable and excellently<br />
tra<strong>in</strong>ed seafarers for its ships, has<br />
established its own crew mann<strong>in</strong>g<br />
agency “Aegean Crew<strong>in</strong>g Inc.” which<br />
currently employs more than 2,500<br />
seafarers.<br />
20 AEGEAN NEWS AUTUMN 2012
The company operates under ISM<br />
and ISPS Code requirements with a<br />
Health; Safety; Quality & Environmental<br />
Management System annually<br />
audited and verified by Recognized<br />
Classification Societies and also by<br />
the respective Flag States of its fleet,<br />
thus ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g active all relevant<br />
Documents of Compliance (DOC)<br />
and Safety Management and Ship Security<br />
Certificates (SMCs & ISSCs).<br />
Furthermore, Aegean is certified<br />
as per ISO 9001:2008 for its Provision<br />
of Procurement Services for Mar<strong>in</strong>e<br />
Fuel Oils and Lubricants System,<br />
and as per ISO14001:2004, the Environmental<br />
Management System,<br />
implemented both onboard and <strong>in</strong> the<br />
company’s offices.<br />
The Company’s Management System<br />
is be<strong>in</strong>g regularly vetted by the<br />
oil majors (ExxonMobil, Shell, others)<br />
regard<strong>in</strong>g compliance with strict<br />
management and operation of ship<br />
demands specified by the oil majors.<br />
The company’s goals, which signal<br />
its successful and steady course <strong>in</strong> the<br />
<strong>in</strong>ternational arena, are:<br />
• Safe and secure operations (Safety<br />
comes First!) for the protection of<br />
seafarers, ships and cargo<br />
• Commitment to environment<br />
friendly operations – zero tolerance<br />
to pollution <strong>in</strong>cidents<br />
• Cost effective, high-standard services<br />
Aegean’s operational effectiveness<br />
and logistical reliability are attributable<br />
to the expertise and experience<br />
the company has acquired, and also<br />
to its well tra<strong>in</strong>ed staff, thus establish<strong>in</strong>g<br />
its excellence <strong>in</strong> the global market<br />
and ensur<strong>in</strong>g strong customer relationships.<br />
Aegean believes that future growth<br />
will be achieved not only by <strong>in</strong>creas<strong>in</strong>g<br />
market share <strong>in</strong> current locations but<br />
also by expand<strong>in</strong>g its global network<br />
for the service of its customers.<br />
Launch of M/T Patmos, <strong>in</strong> 2008 at Hyundai Shipyard<br />
Safe and secure operations, one of Aegean’s primary goals<br />
AUTUMN 2012 AEGEAN NEWS 21
S h i p p i n g<br />
Greek Shipp<strong>in</strong>g<br />
Today<br />
Greece is one of the strongest and most important maritime nations of the world. At a national<br />
level, Greek merchant shipp<strong>in</strong>g is one of the pillars of the national economy, while at a<br />
European level its contribution is crucial, s<strong>in</strong>ce more than 90% of external trade and 41% of<br />
the European Union’s <strong>in</strong>ternal trade is transported by sea.<br />
Rank<br />
Greek shipp<strong>in</strong>g today rema<strong>in</strong>s <strong>in</strong> first place<br />
<strong>in</strong>ternationally, account<strong>in</strong>g for 15% of total<br />
global transport capacity.<br />
It also represents about 20% of world<br />
transport capacity <strong>in</strong> the markets of dry and<br />
liquid cargo, through which the vast majority<br />
of world trade is carried out, and about<br />
41% of total European transport capacity.<br />
The Fleet<br />
The Greek merchant fleet consists of approximately<br />
3,760 ships total<strong>in</strong>g 265 million<br />
tons DWT and a total tonnage of 156<br />
million tons. These ships are registered<br />
under more than 15 flags.<br />
The fleet under Greek flag consists of approximately<br />
865 ships. In recent years,<br />
there has been a reduction <strong>in</strong> the number of<br />
ships, but an <strong>in</strong>crease <strong>in</strong> overall capacity.<br />
The rema<strong>in</strong>der of Greek-owned fleet totals<br />
roughly 2,900 ships and about 113 million<br />
gross tonnage.<br />
The average age of the fleet has improved<br />
significantly and today the Greek fleet is<br />
significantly younger than the global average.<br />
(About 10 years versus 12 years).<br />
Contribution to the National Economy<br />
The contribution of merchant shipp<strong>in</strong>g to the national economy consists<br />
of the <strong>in</strong>dividual contributions of oceango<strong>in</strong>g shipp<strong>in</strong>g, coastal shipp<strong>in</strong>g<br />
and ports. Out of the total contribution, 85% is related to ocean go<strong>in</strong>g<br />
shipp<strong>in</strong>g and the rema<strong>in</strong><strong>in</strong>g 15% to coastal shipp<strong>in</strong>g and ports.<br />
The economic impact of shipp<strong>in</strong>g on the national economy is estimated<br />
at 13.5 billion Euros annually. The contribution of shipp<strong>in</strong>g represents<br />
about 6% of GDP (as per 2010 data) and, due to the recession, it is estimated<br />
that at the end of 2012 it will amount to 7% of GDP. Dur<strong>in</strong>g the<br />
last 10 years foreign currency of approximately 140 billion Euros has<br />
entered Greece, which <strong>in</strong> 2010 prices is about 61% of Greece's GDP.<br />
Despite the fact that over the last two years foreign currency earn<strong>in</strong>gs<br />
have been limited due to the weaker state of the shipp<strong>in</strong>g market, <strong>in</strong><br />
recent years its average was higher than 13.6 billion Euros a year, and<br />
with an <strong>in</strong>creas<strong>in</strong>g trend.<br />
Contribution to Employment<br />
It is estimated that approximately 38,000 to 40,000 persons are directly<br />
employed <strong>in</strong> coastal and oceango<strong>in</strong>g shipp<strong>in</strong>g, distributed almost<br />
equally between ships and land offices. About 30,000 people are employed<br />
<strong>in</strong>directly <strong>in</strong> support services and another 18,000 are employed<br />
<strong>in</strong> other sectors <strong>in</strong> jobs created <strong>in</strong> a multiplier fashion by shipp<strong>in</strong>g.<br />
This means that about 90,000 people are employed <strong>in</strong> the shipp<strong>in</strong>g sector,<br />
mean<strong>in</strong>g that a total of approximately 250,000 people, through<br />
their respective households, are dependent on shipp<strong>in</strong>g.<br />
Sources<br />
M<strong>in</strong>istry of Shipp<strong>in</strong>g, Maritime Affairs and the Aegean<br />
Hellenic Chamber of Shipp<strong>in</strong>g<br />
22 AEGEAN NEWS AUTUMN 2012
Aegean Mar<strong>in</strong>e Petroleum<br />
International<br />
Bunker<strong>in</strong>g Conference<br />
BΥ Leonardos Stefanou | Bunker Trader, AMP<br />
On April 18-20, 2012, the 33 rd International Bunker Conference was held at the<br />
Radisson Blu Scand<strong>in</strong>avia Hotel <strong>in</strong> Oslo. The event was organized by the BI Norwegian<br />
Bus<strong>in</strong>ess School.<br />
Aegean was represented <strong>in</strong> the conference<br />
by Tony Vertommen (Manag<strong>in</strong>g<br />
director of Aegean Northwest Europe),<br />
Mart<strong>in</strong> Olesen (Commercial Manager of Aegean<br />
Northwest Europe) and Leonardos Stefanou (Bunker<br />
Trader of Aegean Mar<strong>in</strong>e Petroleum SA).<br />
The IBC takes place every year and focuses<br />
on the rapid changes with<strong>in</strong> the <strong>in</strong>dustry. This<br />
year’s theme was: ”Increas<strong>in</strong>g Complexity – How<br />
to Adapt.”<br />
More than 130 participants from countries<br />
throughout the world attended the event. The<br />
panel consisted of physical suppliers, traders,<br />
brokers, surveyors, lawyers, shipp<strong>in</strong>g companies<br />
and organizations.<br />
Discussions of note centered on the role of<br />
the middleman, the new sulphur legislation and<br />
pert<strong>in</strong>ent environmental issues. Topics such as<br />
the global economic crisis, credit risk and strong<br />
competition were also analyzed <strong>in</strong> depth.<br />
Tony Vertommen, as a member of the panel<br />
this year, focused on the difficulties ris<strong>in</strong>g from<br />
the contradictory bus<strong>in</strong>ess relationship between<br />
supplier, trader and owner. In particular, he described<br />
the advantages and disadvantages of be<strong>in</strong>g<br />
a physical supplier, tak<strong>in</strong>g <strong>in</strong>to consideration<br />
factors affect<strong>in</strong>g day-to-day bus<strong>in</strong>ess procedures<br />
such as payment terms, operational constra<strong>in</strong>ts,<br />
communication and ethics.<br />
The Aegean presence at IBC demonstrates the<br />
company’s belief that such meet<strong>in</strong>gs provide a<br />
good opportunity to the “players” of the <strong>in</strong>dustry<br />
to update knowledge and enhance expertise<br />
among shipp<strong>in</strong>g community professionals.<br />
AUTUMN 2012 AEGEAN NEWS 23
S t a t i o n s o f t h e M o n t h<br />
The gas station of Mrs. Papadopoulou<br />
Aegean Stood By My Side<br />
George Tsandirakis* (Chrysoula Papadopoulou), Aghia Fotia, Sitia Crete<br />
The village of Aghia Fotia on Crete is located 3 kilometers east of Sitia, on the road to Vai. It<br />
owes its name to the church of Sa<strong>in</strong>t Fot<strong>in</strong>i and the whole area has great archaeological <strong>in</strong>terest.<br />
The gas station of Mrs. Papadopoulou<br />
has been located here<br />
s<strong>in</strong>ce 1978, when her father<strong>in</strong>-law<br />
was the gas station owner. In<br />
2004 her husband took over and who,<br />
s<strong>in</strong>ce a young age, had been “tra<strong>in</strong>ed”<br />
<strong>in</strong> the profession next to his father.<br />
Mrs. Papadopoulou how long have you<br />
been responsible for runn<strong>in</strong>g this bus<strong>in</strong>ess<br />
Ever s<strong>in</strong>ce my husband took over <strong>in</strong><br />
2004 and onwards I participated <strong>in</strong> its<br />
daily functions. S<strong>in</strong>ce May 2012 I am<br />
fully responsible for the gas station.<br />
Unfortunately, not by choice but by<br />
necessity, after the tragic loss of my<br />
husband <strong>in</strong> a car accident.<br />
It must have been extremely difficult,<br />
together with the shock of the sudden<br />
loss, to have to deal with the changes<br />
<strong>in</strong> a ‘given’ course of life. Together<br />
with the responsibilities—no longer<br />
shared—of a family, the responsibility<br />
of keep<strong>in</strong>g a bus<strong>in</strong>ess runn<strong>in</strong>g.<br />
I faced a tragic situation. My husband<br />
stayed <strong>in</strong> hospital for almost eight<br />
months. I had almost abandoned the<br />
station try<strong>in</strong>g to keep up with everyth<strong>in</strong>g<br />
else. My husband <strong>in</strong> the hospital<br />
and two youngsters at home. In this<br />
impossible situation my cooperation<br />
with Aegean proved valuable.<br />
Please tell us about it. But tell us first<br />
how and when your cooperation with<br />
Aegean started.<br />
We were <strong>in</strong> cooperation with another<br />
company and the time had come<br />
to renew our contract. There was<br />
great concern on our part s<strong>in</strong>ce that<br />
company was very expensive, put a<br />
lot of pressure on us, and the whole<br />
relationship was completely impersonal.<br />
A friend from Athens, who<br />
knew Αegean, talked to us about the<br />
company with great enthusiasm. My<br />
husband made a trip to Athens, asked<br />
around, heard, talked, saw, and this is<br />
how it all started at the end of 2009.<br />
How did your customers react see<strong>in</strong>g<br />
this new name<br />
You know <strong>in</strong> small places like ours the<br />
name of the company does not play<br />
such a lead<strong>in</strong>g role. What counts more<br />
is the name of the gas station owner. Of<br />
course after a while our customers realized<br />
the importance of our be<strong>in</strong>g an Aegean<br />
gas station. Besides, the very good<br />
products and the competitive prices<br />
allowed us to move differently and the<br />
benefit was also for our customers.<br />
Did your cooperation with Aegean measure<br />
up to your expectations<br />
Completely. My husband was very<br />
pleased. And when I lost him I fully<br />
realized how significant our decision<br />
to cooperate with Aegean had been.<br />
This is why I told you before that it is<br />
a valuable cooperation. The support I<br />
received from Aegean was way above<br />
that of a bus<strong>in</strong>ess relationship.<br />
They really stood by me!<br />
* As a tribute to her late husband’s memory Mrs<br />
Papadopoulou asked the reference to the gas station<br />
under his name. We oblige with pleasure.<br />
24 AEGEAN NEWS AUTUMN 2012
Communicat<strong>in</strong>g with People—<br />
A Significant Motivat<strong>in</strong>g Force<br />
Vasiliki Kalaitzi, Orestiada, Evros<br />
By co<strong>in</strong>cidence, <strong>in</strong> this issue of the magaz<strong>in</strong>e, the owners of the gas stations we are present<strong>in</strong>g<br />
are women. The first by necessity, the second by choice. Both, however, are a sh<strong>in</strong><strong>in</strong>g example<br />
of the highly competent people who make up the large Aegean family.<br />
ma<strong>in</strong> motive for my choice. Communicat<strong>in</strong>g<br />
with people, which even after<br />
all these years <strong>in</strong> the profession, is still a<br />
significant motivat<strong>in</strong>g force.<br />
When did you cooperation with Αegean<br />
start<br />
Many years ago, it must have been <strong>in</strong><br />
1998. Of course I had transactions<br />
with the company before that, because<br />
my station was a ‘free station’ and I<br />
was buy<strong>in</strong>g fuel from Aegean as well.<br />
Ms. Vasiliki Kalitzi, a young<br />
and very dynamic woman,<br />
and currently President<br />
of The Gas Station Owners of Evros,<br />
has a gas station on 103 Ippokratous<br />
Street, <strong>in</strong> Orestiada.<br />
S<strong>in</strong>ce when have you been here Ms.<br />
Kalaitzi<br />
I bought this station <strong>in</strong> 1997.<br />
Was there a previous <strong>in</strong>volvement with<br />
the fuel sector<br />
Before my <strong>in</strong>volvement with this profession<br />
I had been active <strong>in</strong> the sector<br />
of agricultural equipment. In the past<br />
my father had a gas station, and also<br />
View of the gas station<br />
my mother herself was runn<strong>in</strong>g a gas<br />
station at the end of the 80s. Even<br />
today, my mother is actively <strong>in</strong>volved,<br />
but now <strong>in</strong> my gas station.<br />
Well then, your decision was the result<br />
of these experiences of the past.<br />
Not really! The real reason is that I<br />
wanted a job that would comply with<br />
certa<strong>in</strong> specific conditions that I had set<br />
as goals, which at the time this particular<br />
profession seemed to satisfy. Unfortunately,<br />
most of those conditions were<br />
no longer valid soon after the open<strong>in</strong>g<br />
of this gas station. However, there was<br />
someth<strong>in</strong>g <strong>in</strong> this profession that is still<br />
valid, which for me was probably the<br />
What made you decide to jo<strong>in</strong> the Aegean<br />
family<br />
Iakovos Melissanidis. We knew each<br />
other for a long time, he came here<br />
once, we talked and he conv<strong>in</strong>ced me.<br />
Did you have any problems <strong>in</strong> the beg<strong>in</strong>n<strong>in</strong>g<br />
when you jo<strong>in</strong>ed this specific<br />
cooperation. How have th<strong>in</strong>gs evolved<br />
s<strong>in</strong>ce then<br />
I did not have any such problems. In<br />
this area, sales are more of a personal<br />
th<strong>in</strong>g and what counts the most is<br />
who the gas station owner is. Regard<strong>in</strong>g<br />
the way this cooperation has<br />
evolved th<strong>in</strong>gs could not have been<br />
better. Our cooperation with Aegean<br />
is very good. As a matter of fact, it is<br />
so good that soon I will be open<strong>in</strong>g<br />
up a second gas station with the Aegean<br />
colors!<br />
AUTUMN 2012 AEGEAN NEWS 25
Children and the Environment<br />
I Protect the Environment-I Safeguard my Future<br />
By stay<strong>in</strong>g <strong>in</strong><strong>form</strong>ed about what is happen<strong>in</strong>g <strong>in</strong> the world and by pass<strong>in</strong>g the <strong>in</strong><strong>form</strong>ation on<br />
to others we are tak<strong>in</strong>g a significant step toward the protection of our planet.<br />
I BECOME INFORMED - I INFORM OTHERS - I ACT<br />
Tropical Forests—The Lungs of Planet Earth<br />
Tropical forests serve as the lungs of our planet because they<br />
absorb and trap a huge amount of carbon dioxide from the earth’s<br />
atmosphere and <strong>in</strong> this way help ma<strong>in</strong>ta<strong>in</strong> the natural balance on<br />
earth. In addition, tropical forests are our planet’s ecosystems with<br />
the greatest biodiversity. More than 30 million species have their<br />
habitats <strong>in</strong> these areas. With their lead<strong>in</strong>g role <strong>in</strong> regulat<strong>in</strong>g the climate<br />
of the entire planet, tropical forests help ma<strong>in</strong>ta<strong>in</strong> life not only<br />
for their <strong>in</strong>habitants but for the whole of humanity.<br />
Tropical forests are located <strong>in</strong> South America (around the equator),<br />
North America (between the Tropic of Cancer and the Equator),<br />
Africa (central and west Africa, aga<strong>in</strong> around the equator) and Asia<br />
(Southeast Asia, around the equator).<br />
Countries <strong>in</strong> the tropical zone are Venezuela, Colombia, Brazil,<br />
Bangladesh, Burma, Indonesia, Malaysia, the Philipp<strong>in</strong>es, Vietnam,<br />
Nigeria, Cameroon and Congo.<br />
Over the last 50 years, almost half of the earth's tropical forests<br />
have been destroyed and the <strong>in</strong>crease of carbon dioxide emissions<br />
result<strong>in</strong>g from this destruction is the second largest cause for climate<br />
change.<br />
Every 30 m<strong>in</strong>utes an area as large as a football field is deforested<br />
of trees <strong>in</strong> the forests of the Amazon and Central America.<br />
26 AEGEAN NEWS AUTUMN 2012
Amazon River<br />
The Amazon is one of the largest rivers on Earth. It owes its name<br />
to the Spanish conqueror Francisco de Orellana who, when sail<strong>in</strong>g<br />
there <strong>in</strong> 1541-1542, met tribes with women fighters and gave it<br />
the name ‘River of the Amazons’ (Rio de las Amazonas). Herodotus<br />
and Diodorus referred to Amazons of Asia and Africa, from whose<br />
writ<strong>in</strong>gs Orellana derived the name.<br />
The Amazon crosses South America from the Andes up to its<br />
outfall <strong>in</strong> the Atlantic Ocean. Its total length is 6,840 kilometers.<br />
The Amazon is also the largest river <strong>in</strong> the world <strong>in</strong> terms of volume<br />
of water. Its average flow is 219,000 cubic meters per second. It is<br />
estimated that 1/5 of the entire fresh water circulat<strong>in</strong>g on the surface<br />
of the earth is transferred from the Amazon. Its forest is the largest<br />
lung of the earth and <strong>in</strong> its region there is a huge biodiversity of plant<br />
and animal organisms.<br />
AUTUMN 2012 AEGEAN NEWS 27
M a r i t i m e T r a d i t i o n<br />
Volos—The Port<br />
Volos, the capital of Magnesia Prefecture <strong>in</strong> the geographical region of Thessaly, has 141,675<br />
<strong>in</strong>habitants. The Port is located with<strong>in</strong> the city’s bus<strong>in</strong>ess area and, through many ups and<br />
downs over the centuries, rema<strong>in</strong>s one of the most important transport centers <strong>in</strong> Greece and<br />
the eastern gateway of the European Union.<br />
Accord<strong>in</strong>g to archaeological<br />
f<strong>in</strong>d<strong>in</strong>gs <strong>in</strong> the region, Volos’<br />
first maritime l<strong>in</strong>ks, which<br />
were with Macedonia and Thrace,<br />
started <strong>in</strong> the late Neolithic period<br />
and, dur<strong>in</strong>g the Bronze Age, extended<br />
to the South Aegean and Crete. Dur<strong>in</strong>g<br />
the Mycenaean period the most<br />
important port <strong>in</strong> the region was<br />
Pagases where, accord<strong>in</strong>g to mythology,<br />
the expedition of the famed Argonauts<br />
began. In the third century BC,<br />
close to Pagases, the city of Dimitriada<br />
was founded, which soon became the<br />
major port of the Macedonian state.<br />
From the end of the Byzant<strong>in</strong>e period<br />
the port was relocated to its present<br />
location, with its ma<strong>in</strong> activities be<strong>in</strong>g<br />
the export of craft products from<br />
Pelion and cereals from Thessaly.<br />
In 1881, Volos and the region of<br />
Magnesia were annexed to the Greek<br />
state and the Port Commission and<br />
Port Authority of Volos were established.<br />
Volos started to develop <strong>in</strong>to<br />
an important port and <strong>in</strong>frastructure<br />
projects commenced that connect<br />
Volos by road and rail networks to<br />
the h<strong>in</strong>terland. Industry started to<br />
develop and Volos becomes a major<br />
<strong>in</strong>dustrial center.<br />
In 1939, on the eve of war, Volos<br />
was the third most important Greek<br />
port, follow<strong>in</strong>g Piraeus and Thessaloniki,<br />
handl<strong>in</strong>g 250,000 tons of cargo<br />
and 50,000 passengers annually.<br />
Dur<strong>in</strong>g the war the port was severely<br />
damaged. Reconstruction began <strong>in</strong><br />
1948 with a contract that provided for<br />
major <strong>in</strong>frastructure projects and was<br />
signed between the Port Authority, the<br />
M<strong>in</strong>istry of Public Works and AMAG<br />
(American Mission for Aid to Greece).<br />
In 1986, Volos was chosen as headquarters<br />
of the International Research<br />
Center for Eastern Mediterranean<br />
Transport (DEKAMM), founded <strong>in</strong><br />
that year under UN auspices.<br />
S<strong>in</strong>ce 1988, the port of Volos holds<br />
third position among Greek ports <strong>in</strong> the<br />
transportation of cargo and is equipped<br />
with all the required facilities to accommodate<br />
a wide variety of loads.<br />
The port of Volos offers ferry connection<br />
to the Northern Sporades and<br />
the islands of Northeastern Aegean<br />
islands and has the facilities to accommodate<br />
cruise ships.<br />
Source: Volos Port Authority<br />
The Port of Volos<br />
S<strong>in</strong>ce 1988, the port of Volos holds third position among<br />
Greek ports <strong>in</strong> the transportation of cargo and is equipped<br />
with all the required facilities to accommodate a wide<br />
variety of loads<br />
28 AEGEAN NEWS AUTUMN 2012
T r a v e l w i t h A e g e a n<br />
Volos<br />
Night view of the coast of Volos<br />
Volos is the capital of the Prefecture of Magnesia <strong>in</strong> the region<br />
of Thessaly. The town is built near the site of ancient Iolkos at<br />
the foot of Mt. Pelion.<br />
The region of Volos is one of the oldest <strong>in</strong>habited areas <strong>in</strong> Greece and<br />
is mentioned <strong>in</strong> some of the most significant chapters of Greek<br />
mythology. Accord<strong>in</strong>g to legend, the Centaurs lived on Mt. Pelion.<br />
The wisest of them, Heron, was the teacher of Asclepius, the father of medic<strong>in</strong>e,<br />
and of Achilles, the hero of the Illiad. This is the region from where the<br />
Argonauts commenced their journey which, aside from its mythological<br />
context, signals the beg<strong>in</strong>n<strong>in</strong>g of gold process<strong>in</strong>g <strong>in</strong> Greece.<br />
Aegean Gas Stations<br />
Must Visit<br />
The Archaeological Museum, founded <strong>in</strong><br />
1909, which features exhibits from the<br />
prehistoric, Neolithic and Byzant<strong>in</strong>e periods<br />
The Art Center Giorgio de Chirico, host<strong>in</strong>g<br />
regular art exhibitions and a permanent<br />
collection<br />
The Folklore Museum of Kitsos Makris,<br />
which <strong>in</strong>cludes unique folk art exhibits<br />
The Church of the Holy Tr<strong>in</strong>ity, with unique<br />
murals pa<strong>in</strong>ted by George Gounaropoulos<br />
The Church of Sa<strong>in</strong>ts Constant<strong>in</strong>e and Helen,<br />
built <strong>in</strong> 1936, whose architecture, comb<strong>in</strong>ed<br />
with its position <strong>in</strong> the coastal area of Volos,<br />
have made it a reference po<strong>in</strong>t for the city<br />
The Metropolitan Church of St. Nicholas, the<br />
first church <strong>in</strong> Volos, designed by architect<br />
Aristotelis Zachos<br />
The Entomological Museum, one of a k<strong>in</strong>d<br />
<strong>in</strong> Greece and one of the best <strong>in</strong> the Balkans.<br />
Includes 35,000 different k<strong>in</strong>ds of <strong>in</strong>sects.<br />
The Castle of Volos, <strong>in</strong> the west part of the<br />
city, built <strong>in</strong> the mid-ixth century AD.<br />
The famous small tra<strong>in</strong> of Pelion that has<br />
connected Volos – Milies for almost 70 years<br />
The Neolithic settlement of Dim<strong>in</strong>i, 5<br />
kilometers from the city of Volos. Southeast<br />
of the settlement is the important Mycenaean<br />
settlement Dim<strong>in</strong>i, which is identified with<br />
Iolkos, mother home of Jason.<br />
The Archaeological site of Sesklo, 8<br />
kilometers from Volos, one of the oldest<br />
settlements discovered <strong>in</strong> Europe, first<br />
<strong>in</strong>habited <strong>in</strong> the mid 7th Century<br />
The Ancient city of Demetrias, one of the<br />
greatest cities of antiquity, south of the Gulf<br />
of Volos, just opposite the modern city<br />
AUTUMN 2012 AEGEAN NEWS 29
30 AEGEAN NEWS AUTUMN 2012
AEGEAN<br />
COLLECTION<br />
Step out <strong>in</strong> style<br />
with the Aegean Collection<br />
Aegean and renowned designer Robbi di Kappa have<br />
teamed up to design a brand new look for today! The<br />
Aegean sport l<strong>in</strong>e, with its nautical <strong>in</strong>fluence, is perfect<br />
for stepp<strong>in</strong>g out <strong>in</strong> style, <strong>in</strong> the city, by the sea, or on<br />
country walks—for him and for her.<br />
Bundle up or travel light <strong>in</strong> polos and t-shirts.<br />
At home, relax <strong>in</strong> luxurious bathrobes.<br />
And stash your gear <strong>in</strong> versatile and stylish Aegean bags.<br />
Discover the new Aegean look at the Aegean Shop or<br />
onl<strong>in</strong>e at www.<strong>aegean</strong>eshop.com<br />
Aegean Shop<br />
at the Aegean Headquarters—<br />
10 Akti Kondyli, 18545, Piraeus, Greece<br />
AUTUMN 2012 AEGEAN NEWS 31
Aegean Energy for the Future<br />
Aegean is Greece's most dynamic energy, <strong>petroleum</strong>, and shipp<strong>in</strong>g group. The company has a network of retail gas<br />
stations throughout Greece, is active <strong>in</strong> mar<strong>in</strong>e fuels and lubricants, and operates a fleet of tankers and barges <strong>in</strong>ternationally<br />
and domestically to transport <strong>petroleum</strong> and bunkers for its global base of clients.<br />
Retail Market<br />
Through its fast-grow<strong>in</strong>g network of gas stations, Aegean supplies drivers <strong>in</strong> Greece with gasol<strong>in</strong>e and automotive<br />
lubricants. Aegean’s modern, well-ma<strong>in</strong>ta<strong>in</strong>ed gas station network has won the trust of drivers due to the high quality<br />
products and services it offers at competitive prices. In addition, Aegean directly supplies large <strong>in</strong>dustrial clients with<br />
<strong>petroleum</strong> products of all grades, ow<strong>in</strong>g to the consistency and service of its transactions.<br />
Bunker Fleet<br />
NYSE listed Aegean Mar<strong>in</strong>e Petroleum Inc., with an exclusively double hull fleet—of which n<strong>in</strong>e ships are newbuild<strong>in</strong>gs—is<br />
the natural supplier of mar<strong>in</strong>e fuels at 12 of the most significant ports <strong>in</strong> the world. Furthermore, with its<br />
22 newbuild<strong>in</strong>gs program <strong>in</strong> progress and the cont<strong>in</strong>uous open<strong>in</strong>g of new stations, it is one of<br />
the most dynamically develop<strong>in</strong>g divisions Of the Aegean Group.<br />
Bunker<strong>in</strong>g<br />
Aegean provides one of the most efficient and responsive bunker<strong>in</strong>g services to<br />
clients worldwide. Its ships never stop sail<strong>in</strong>g and its services are available 24<br />
hours a day, 365 days a year.<br />
Aegean operates bunker<strong>in</strong>g stations <strong>in</strong> Piraeus and Patras, and <strong>in</strong> Gibraltar,<br />
Amsterdam-Rotterdam-Antwerp, Fujairah, Jamaica, S<strong>in</strong>gapore, Tr<strong>in</strong>idad &<br />
Tobago, Portland UK, Vancouver and Montreal, Mexico, Tangiers, Tema <strong>in</strong><br />
Ghana, Las Palmas and Tenerife, Panama, ang Hong Kong. All its products<br />
are ISO 8217 certified. The Company, which is a member of IBIA and is ISO<br />
9001 certified, is well positioned on the FOBAS White List.<br />
Shipp<strong>in</strong>g<br />
Aegean's fleet of ships is at the heart of its superior service worldwide. Its vessels<br />
operate <strong>in</strong> full compliance with EU and <strong>in</strong>ternational standards, are all certified<br />
with the code of safe management ISM and SOLAS and are <strong>in</strong> complete compliance<br />
with MARPOL regulations.<br />
Aegean cont<strong>in</strong>ually adds to its fleet of ships, which <strong>in</strong>cludes large vessels as well as smaller<br />
capacity vessels. Its fleet transports oil cargoes worldwide on behalf of major oil companies,<br />
commercial clients, and Aegean customers.<br />
Lubricants<br />
Aegean produces and markets high per<strong>form</strong>ance lubricants for vehicles and<br />
<strong>in</strong>dustrial use under the Aegean brand and, for the mar<strong>in</strong>e market, under the<br />
ALFA brand. ALFA mar<strong>in</strong>e lubricants are certified and approved by the largest<br />
mar<strong>in</strong>e eng<strong>in</strong>e manufacturers <strong>in</strong> the world.<br />
The resources of our company and our follow–up service create our successful<br />
relationships and allow Aegean to supply lubricants <strong>in</strong> more than 550<br />
ports worldwide.<br />
Environment-HEC<br />
The Hellenic Environmental Center collects, transports and processes oil residues<br />
from ships and land units (<strong>in</strong>dustrial, shipyards), while it also manages all<br />
liquid residues produced by ships.<br />
In order to carry out its work HEC has the most state-of-the-art equipment, consist<strong>in</strong>g<br />
of float<strong>in</strong>g separators, a fleet of pollutant-collect<strong>in</strong>g tankers, and well-equipped tank<br />
trucks.<br />
HEC acts to protect the mar<strong>in</strong>e environment and at the same time contributes significantly to the sav<strong>in</strong>g of energy<br />
with the recycl<strong>in</strong>g procedures it uses to trans<strong>form</strong> the reclaimed pollutants <strong>in</strong>to energy resources.<br />
Trad<strong>in</strong>g<br />
Aegean is dynamically active <strong>in</strong> the trad<strong>in</strong>g of crude oil and <strong>petroleum</strong> products worldwide. The Trad<strong>in</strong>g Department<br />
is comprised of dedicated and professional <strong>in</strong>dividuals who comb<strong>in</strong>e high level expertise and a great many years of<br />
experience <strong>in</strong> the oil <strong>in</strong>dustry. Petroleum products are supplied to a broad spectrum of customers who comprise the<br />
company's portfolio. Aegean has acquired its credibility from the high quality of the services it provides to suppliers<br />
and ship owners, a fact that supports the company’s ambitions for the achievement of long-range goals <strong>in</strong> the energy<br />
sector worldwide.<br />
Aegean’s websites<br />
www.<strong>aegean</strong>oil.com<br />
www.ampni.com<br />
32 AEGEAN NEWS AUTUMN 2012