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Singapore A Global Maritime Hub, An Aegean Bunkering Center Retail Expansion in Rhodes Interview Lam Yi Young Chief Executive Maritime and Port Authority of Singapore (MPA) Aegean Newbuildings Expansion of the Fleet Continues Plus Maritime Tradition Roots Aegean News AUTUMN 2010 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

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Σιγκαπούρη Παγκόσμιος Ναυτιλιακός Κόμβος

Κέντρο Bunkering της Aegean

Λιανική Πώληση

Ανάπτυξη στην Ρόδο

ΣυνέντευξηLam Yi Young

Διευθύνων ΣύμβουλοςΛιμενικής Αρχής

Σιγκαπούρης (MPA)

Νεότευκτατης Aegean

Η Διεύρυνση του Στόλου Συνεχίζεται

ΑκόμηΝαυτική Παράδοση

Ρίζες

Aegean NewsΦΘΙΝΟΠΩΡΟ 2010

ΤΟ ΤΡΙΜΗΝΙΑΙΟ ΠΕΡΙΟΔΙΚΟ ΤΗΣ AEGEAN

Singapore A Global Maritime Hub,

An Aegean Bunkering Center

Retail Expansion in Rhodes

Interview Lam Yi Young

Chief ExecutiveMaritime and Port

Authority of Singapore (MPA)

Aegean Newbuildings

Expansion of the FleetContinues

PlusMaritime Tradition

Roots

Aegean NewsAUTUMN 2010

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

AUTUMN 2010 AEGEAN NEWS �

At a time when economies the world over are adapting to today’s new global marketplace, with all its challenges and opportunities, Aegean is maintaining the steady course it has set.

In Greece, the retail gasoline market, as is to be expected, is experiencing reduced sales and less con-sumption. Aegean’s policy, to maintain market share and continue to provide the best service and product

at the best possible price, demonstrates its commitment to its customers re-gardless of market conditions.

In addition, in keeping with its policy of expansion, the Aegean logo is now proudly displayed at five retail stations on the island of Rhodes, one of Greece’s largest, most dynamic, and most visited islands.

Aegean Retail has expanded from Alexandroupolis in the north to the island of Crete in the south. In fact, Crete is considered the southernmost point of Europe. Now, with its presence on Rhodes, Aegean begins a new course, a new geographic location, and a new position for future growth.

Rhodes is one of Greece’s most popular tourist destinations, with one of the longest seasons in Europe. Also, Rhodes hosts a large number of conferences and conventions throughout the year. The retail market is full of vitality on this prosperous island and Aegean is poised to become a key player in this high growth market.

Aegean’s high level of customer service, attention to customer needs, and attractive mix of product lines are bound to further establish the Aegean brand in the Eastern Aegean, a new frontier and a new opportunity.

editorial

RAyMoNd MATeRAPublisher

RetailàAEGEANOILhasestablishedagassta-

tions network throughout Greece, and

isoneofthefastestgrowingcompanies

intheretailmarket.AEGEAN’Sgasoline

marketshareinGreeceis10%.

ShippingàAEGEANSHIPPINGmanagesafleetof

tankers,rangingfrom3,500DWTto

100,000DWT,thattransfersanddelivers

oiltoourclientsthroughouttheworld.All

shipsmeetISMstandards.

BunkeringàInPiraeus,NewYork,Antwerp,Cyprus,

Fujairah,Khor-Fakkan,Gibraltar,Jamai-

ca,Mexico,Miami,Montreal,Portland-UK,

Singapore,Tangiers-Morocco,Trinidad&

Tobago,Vancouver,WestAfrica-Ghana,

LasPalmasdeGranCanaria,AEGEANMA-

RINEPETROLEUMisaleaderinproviding

thebestbunkeringservicesavailable.AE-

GEANMARINEPETROLEUMisthemarket

leaderinbunkering.

Agency Servicesà ShipsfromaroundtheworldrelyonAEGE-

ANAGENCYservicesatPiraeus,Gibraltar,

andJamaica,fromloadinganddischarg-

ing,tosparepartsandsupplies.

Lubricantsà AEGEANOILproducesandmarketshigh

performancelubricantsforvehiclesand

industrialuse,undertheAEGEANbrand

andAEGEANMARINEPETROLEUMtrades

andsupplieslubricantsforthemarine

marketundertheALFAbrand.

AegeanCore Activities

Donate online: www.smiletrain.org or call: 1-800-932-9541

A Healthy Diet During Pregnancy Can Help Prevent Birth Defects And Clefts. Diet is an important part of pregnancy. Eat a healthy diet that contains lots of fruits and vegetables and foods fortified with folic acid. According to the U.S. Government, women who plan to have a child should be sure to take sufficient levels of folic acid (400 micrograms per day) during pregnancy to help prevent neural tube defects and reduce the risk forcleft lip and palate. When folic acid is taken one month before conception and throughout the first trimester, it has been proven to reduce the risk for neural tube defects by 50 to 70 per cent. Be sure to receive proper pre-natal care, quit smoking, and follow your health care provider’s guidelines for foods to avoid during pregnancy. Foods to avoid may include raw or undercooked seafood, beef, pork or poultry; delicatessen meats; fish thatcontain high levels of mercury; smoked seafood; fish exposed to industrial pollutants; raw shellfish or eggs; soft cheeses; unpasteurized milk; pâté; caffeine; alcohol; and unwashed vegetables. For more information, visitwww.SmileTrain.org. The Smile Train is a 501 (c)(3) nonprofit recognized by the IRS, and all donations to The Smile Train are tax-deductible in accordance with IRS regulations. © 2009 The Smile Train.

Give AChild WithACleft ASecond Chance At Life.

Smile Train provides free cleft surgery which takes as little as 45minutes and costs as little as $250.

It gives desperate children not justa new smile—but a new life.

You can provide free treatment for children with clefts and other problems.

Mr./Mrs./Ms. Address

piZetatSytiC

Telephone eMail

Credit Card: Visa MasterCard AMEX Discover

Account No. Exp. D ate

Signature

My check is enclosed. SmileTrain-Dept. Mag.P.O. Box 96211

Washington, DC 20090-6211

$250 Surgery. $125 Half surgery. $50 Medications. $

Z09111094ZFAY28

“...one of the most productive charities—

dollar for deed— in the world.”

—The New York Times

AUTUMN 2010 AEGEAN NEWS �

4 AEGEANUPDATE

8 FLOWSANDCURRENTSTrendsandNewsintheOilandEnergyFields

10 MARITIMESINGAPOREInterviewwithMr.LamYiYoung,ChiefExecutiveoftheMaritimeandPortAuthorityofSingapore

14 SINGAPORETheCountry

16 SINGAPOREPortraitofaPort

18 AEGEANMARINEPETROLEUMAegeanwithM/TSaraintheProtectionoftheEnvironment

19 RETAILTheLiquidFuelsMarketDuring the Α΄Semester of 2010

20 RETAILRhodes—NewDestinationintheCourseofDevelopment

22 STATIONSOFTHEMONTHVasilisTsogaridis“TheBestThingIHaveDoneinYears”Μiranda Gravani “The Scent of a Woman”

24 SHIPPINGShiftingfrom“Supply”to“StrategicPurchasing”

26 SPOTLIGHT“SmallCountry…BigPassion”FIFAU-17Women'sWorldCupinTrinidadandTobago

27 ROOTSBattle of Marathon—2500-Year Anniversary

28 CHILDRENANDTHEENVIRONMENT

30 MARITIMETRADITIONCelestialNavigation

31 AEGEANIMAGEProductsThatSay“We’reDifferent”

20 ThedevelopmentofAegean’sgasstationnetworkcontinues,withfivenewgasstationsinRhodes

10 Mr.LamYiYoung,ChiefExecutiveoftheMaritimeandPortAuthorityofSingapore,discussestheroleofSingaporeasamaritimeleader

Donate online: www.smiletrain.org or call: 1-800-932-9541

A Healthy Diet During Pregnancy Can Help Prevent Birth Defects And Clefts. Diet is an important part of pregnancy. Eat a healthy diet that contains lots of fruits and vegetables and foods fortified with folic acid. According to the U.S. Government, women who plan to have a child should be sure to take sufficient levels of folic acid (400 micrograms per day) during pregnancy to help prevent neural tube defects and reduce the risk forcleft lip and palate. When folic acid is taken one month before conception and throughout the first trimester, it has been proven to reduce the risk for neural tube defects by 50 to 70 per cent. Be sure to receive proper pre-natal care, quit smoking, and follow your health care provider’s guidelines for foods to avoid during pregnancy. Foods to avoid may include raw or undercooked seafood, beef, pork or poultry; delicatessen meats; fish thatcontain high levels of mercury; smoked seafood; fish exposed to industrial pollutants; raw shellfish or eggs; soft cheeses; unpasteurized milk; pâté; caffeine; alcohol; and unwashed vegetables. For more information, visitwww.SmileTrain.org. The Smile Train is a 501 (c)(3) nonprofit recognized by the IRS, and all donations to The Smile Train are tax-deductible in accordance with IRS regulations. © 2009 The Smile Train.

Give AChild WithACleft ASecond Chance At Life.

Smile Train provides free cleft surgery which takes as little as 45minutes and costs as little as $250.

It gives desperate children not justa new smile—but a new life.

You can provide free treatment for children with clefts and other problems.

Mr./Mrs./Ms. Address

piZetatSytiC

Telephone eMail

Credit Card: Visa MasterCard AMEX Discover

Account No. Exp. D ate

Signature

My check is enclosed. SmileTrain-Dept. Mag.P.O. Box 96211

Washington, DC 20090-6211

$250 Surgery. $125 Half surgery. $50 Medications. $

Z09111094ZFAY28

“...one of the most productive charities—

dollar for deed— in the world.”

—The New York Times

4 NewbuildingsdeliverytoAegeanBunkeringontarget

AEGEANMARINEPETROLEUM

contents

Autumn 2010Aegean Newsis published quarterly by AeGeAN

Publisher & Managing editor Raymond Matera

design Snack

Printing and binding Korifi Publications SA

owner Aegean 42 Hatzikyriakou Street 185 38, Piraeus, Greece Tel: +30 210 458 6000 Fax: +30 210 458 6241 e-Mail: [email protected] Websites: www.aegeanoil.gr, www.ampni.com

Commentsandsuggestionsarewelcome.

Aegean News isfreeofchargeandisavailable,subjecttoavailability,toanyinterestedpersonororganization.

Code: 5169

PleaseRecycle

� AEGEAN NEWS AUTUMN 2010

New Stations in Aegean’s Retail NetworkTheAegeannetworkisgrowingthroughoutthecountry.Listedbeloware thestationsthathavejoinedourgasstationnetworkinthelastthreemonths.

PARADEISI, RHODES PISSAdAKI eKATeRINI

AMFITRITI, ALEXANDROUPOLIS ALeXIdIS dIMITRIS

KENDITI, XANTHI NeGIP oGLU TURHAN

A E G E A N u p d A t E

New Ships Join the Aegean Fleet Incontinuationoftakingdeliveryofnew-buildingvesselsfromQingdao-HyundaiandFujian

Shipyards,twomorevesselshasbeendeliveredtoAegeanBunkeringServicesInc.

wTheM/T Ios(Fujian)wasdeliveredonSeptember8andhasacarryingcapacityof4.600

MT,lengthof86metersandbreadthof16meters.

wTheM/T LeroswasdeliveredonSeptember3(Qingdao-Hyundai)andhasacarryingcapac-

ityof6.300MT,lengthof103metersandbreadthof18meters.

TheM/T IosisunderwaytoKingston,whereshewillbeaddedtothefleetinJamaica.

M/T LefkasisunderwaytoherdestinationinTrinidadwhereshewillbeengagedinbunkering

operations.

With these two last vessels the fleet of Aegean Bunkering Services increased to 62 vessels.

Aegean Supports Belgian Embassy in Numismatic Exhibition

Willing to support cultural initiatives, Aegean accepted the invitation to be one of the sponsors of a numismatic exhibition in Athens. The exhibi-tion is a collaborative effort of the Belgian School of Archaeology in Athens, the Royal Library of Belgium, the Belgian Embassy in Athens, and the Numismatic Museum in Athens. The title of the exhibition is: “All that glitters…a Belgian contri-

bution to Greek numismatics,” the place is the Numismatic Museum of Athens, and the duration of the exhibition is from September 29 to January 15, 2011.

Logging OnCustomersandassociatesofAegean

mayvisitthecompany’swebsite,www.

aegeanoil.gr,tolearnaboutthecom-

pany’sactivities.Bunkeringcustomers

mayregisteronlinetoconductbusiness

andmaintaincontactwiththebunkering

departmentatwww.ampni.com.

AUTUMN 2010 AEGEAN NEWS �

A E G E A N u p d A t E

Aegean’s Flag Flies High in Vladivostok Aegean’s cooperation with Fescotract International, in relation to the man-ning of Aegean’s ships in Northern Europe, has completed three successful years. The cooperation started in October 2007 with two ships, M/T Vera and M/T Sara on a trial basis and gradually expanded to four more ships, Μ/Τ Kerkyra, Μ/Τ Syros, M/T Paxoi, and M/T Karpathos, which serve the Antwerp and Portland stations. During these three years a satisfactory num-ber of permanent sailors was established, and thus they rotated between the same ships, reducing to the minimum the time needed for their training. At the end of 2009, under the initiative and organization of Aegean, all the crews manning the abovementioned ships were trained at the Marine University of Vladivostok in methods for combating marine pollution. The theoretical training was followed by on-the-spot use of the special equipment aboard Aegean’s ships, which are dedicated to EMSA for the collection of major oil spills in their designated areas of operation.

AEGEAN OILMarkakis Konstantinos

AEGEAN BUNKERING SERVICESChristopoulos, TheodosiosKatsaneas, Athanasios

AEGEAN SHIPPING MANAGEMENT SAPanagopoulou, Irene

AEGEAN MARINE PETROLEUMKatarahias, Christos

HEC Lountzi, elena

AEGEAN POWERAntonopoulos, HerodotusBalasis, dimitriosFotiadou, SoumelaGeorgiou, Ioanna

Georgata, MariaKalokerinou, KellyMetheniti, AnastasiaNeohoritis, NikolaosSideri, ekateriniTzallas-Regas, GeorgeTseregof, TatianaPetraki-Tsaganou, evaPouridI, MariaVakalopoulos, Spyridon

New Aegean PersonnelThe followingemployeeshave joined theAegeanworkforce.

One More Aegean Gas Station in AthensOnWednesday,September29,theinaugurationofanewAegeangasstation,locatedonThiseosAvenueandAgionPandonStr.inKallithea,Athens,tookplacewithgreatsuccess.Thehostandgasstationmanager,Mr.L.Skoulis,welcomedthePresidentoftheAegeanGroup,DimitrisMelis-sanidisandhiswife;formerTransportMinisterAnastasiosNeratzis;AegeanManagers,K.Poursanidis,N.Pera-matzis,G.KomninosandP.Kondaxakisandmanyfriendsandassociates.WewishMr.SkouliseverysuccessinhisnewbeginningandwelcomehimtotheAegeanfamily.

� AEGEAN NEWS AUTUMN 2010

Aegean Power Supports ‘Green Transportation’ in the City On Saturday, September 18, Aegean Power, in collaboration with the Mu-nicipality of Athens, participated in the city’s “Day Without Cars” which took place within the framework of “European Transportation Week 2010,” with the slogan “We use smart transport-We live better.” Aegean Power and the Munici-pality of Athens provided the public with the opportunity to see, close at hand, advanced technology electric cars and learn about what they offer as an alterna-tive, environment-friendly transportation means. The public’s interest was great and an impressively large number of people ar-rived to see the ‘green’ bicycles Aegean Power presented. in fact, some did not hesitate to test their riding abilities with these new vehicles, bicycling around Syntagma Square. The sponsorship by Aegean Power of ‘green’ bicycles is yet an-other expression of its steady commitment in the protection of the environment and its high sense of responsibility toward the society in which it is active.

A E G E A N u p d A t E

Aegean’s M/T Sara in the Battle Against Pollution

Aegean’sexpandingactivitiesin

numeroussectorsofthemarine

industryarenowcoveringenviron-

mentalprotectionfieldaswell.

M/T Saraisthefirstvesselofthe

Aegeanfleetwhichhasbeenoutfit-

tedandequippedtoperformOilSpill

Recovery(OSR)operations.Sheis

nowformingapartoftheexpanding

EUoilspillrecoverynetwork,which

ismanagedbytheEuropeanMari-

timeSafetyAgency(EMSA).

Thevesselhassuccessfullycom-

pletedtheFinalAcceptanceTest,

requiredbyEMSA,atPortland,UK

onSeptember8.TheFinalAccep-

tanceTestisthelaststageofthe

EMSAcontractaward,inwhichthe

vesselisrequiredtodemonstrate

readinessforOSRoperationsand

effectiveandsafeuseoftheequip-

mentonboard.

M/T Sara’sspeciallytrainedcrew

hasperformedalltestsanddrillsto

thesatisfactionofEMSA’srepre-

sentatives.

Saraoperatingthefullydeployedsweepingarms

The founder of Αegean, Dimitris Melissani-

dis,attendedthechurchserviceofAugust

15(amajorGreekOrthodoxeventinhonor

of theVirginMary),whichwasconducted

for the first time in 88 years in the his-

toric monastery of Panaghia Soumela in

Trabzon by the Ecumenical Patriarch of

Constantinople, Vartholomeos. The mon-

astery, built on a very steep slope of Mt.

Mela, has been connected with the most

gloriousmomentsofByzantium,andwas

andremainsasiteofworship forPontian

Greeks A huge crowd gathered to attend

this historic service and included many

representatives of political parties, offi-

cialsandbusinesspeoplefromGreece.

Pilgrimage to the Monastery of “Panaghia (Virgin Mary) Soumela” after 88 Years

AUTUMN 2010 AEGEAN NEWS �

Aegean Sponsors the Greek National TAEKWON–DO Team AegeanwasthesponsoroftheGreek

NationalTeamintheeventthattook

placeatSkovde,SwedenfromApril30

toMay2,intheframeworkofthe

EuropeanSenior-JuniorChampionships.

Intotal,34countriesand476ath-

letesparticipatedintheevent.The

Greekteamhadremarkablesuccess

andwon2gold,3silver(individual),1

silver(team),andonebronzemedal.

GoldMedals

Anathasia Kosmoglou,Individual Pat-

terns,Female,IIIDan

Nicholaos Sideras,SpecialTechniques

Male,Individual

SilverMedals

Sofia Baltzi, 55 κg. category Sparring,

Female

Sofia Balzti, SpecialTechniques,

Female

Anathasia Kosmoglou, 70kg.catego-

ryIndividualSparring,Female

TeamMen:Nicholaos Sideras, Stelios

Bourounis, Konstantinos Yialamas,

Eleftherios Yiannadis, Panayiotis Dimi-

triadis, Anastasios Papadopoulos

BronzeMedals

Anastasios Papadopoulos,

PowerTestMale

OverallFemaleSeniorWinner:Kos-

moglouAnathasia,with1goldand1

silver.

Zoras Melissanidis Among the Great Pontian Benefactors The article shown here, in Greek, published in Pontian View (Gnomi) discusses the major contribution of Zoras Melissanidis to the monastery of Panaghia Soumela in Vermion and to the ideals of Greek Pontians in general. According to the moving report, when Zoras lost his wife, Vera, he sold the family’s only house to build the ‘Vera’ Hostel at Panaghia Soumela in Vermion. When his son Dimitris asked him why they are selling their house he replied: “Do not be upset my son, Panaghia Soumela is with us, will always be at our side, and we at hers.” Zoras Melissanidis passed away in 2002, having dedicated his entire life to the Pontian ideal. His son, Aegean’s founder, is following in his father’s footsteps. In 2006, the foundation of ‘Melissanidion Melathron’ guesthouse was laid, a donation of Dimitris Melissanidis and his brother Iakovos in the memory of their father, and the most generous donation ever made by any Pontian in Greece.

� AEGEAN NEWS AUTUMN 2010

F l o w s A N d C u r r E N t s

Recession Accelerates the Decline in EU Greenhouse Gas Emissions

According to the European Envi-ronment Agency's (EEA) new esti-mates, due to the exceptionally deep recession of 2009 that affected all economic sectors in the EU, green-house gas emissions decreased by 6.9 % in 2009 compared with 2008. Based on these estimates, the EU-27’s 2009 emissions stand approxi-

mately 17.3 % below the 1990 level and therefore very close to the bloc’s target of cutting emissions 20 % by 2020.

High Environmental Standards for EU’s Biofuels OnThursdayJune10,2010theEU

EnergyCommissionerGuntherOet-

tingeroutlinedstrictbiofuelsplans,

whichhavebeendescribedasthe

‘moststringentintheworld.’

AnnouncingthemeasuresinBrus-

selshesaid:“Intheyearstocome

biofuelsaretobethemainalterna-

tivetopetrolanddieselusedin

transportwhichproducesmorethan

20%ofthegreenhousegasemis-

sionsintheEuropeanUnion.We

havetoensurethatthebiofuelsused

arealsosustainable.”

Themeasuresincluded:

1.CertificatesofSustainableBiofuels

Governments,industries,NGO’sare

encouragedtoestablishcertification

mechanisms.Strictinspectionsby

independentinspectorsarerequired

inorderforEUtoacceptthecertifi-

cations.

2.ProtectionofNature

Biofuelsmustnotbeproducedfrom

rawmaterialssourcedfromtropical

forestsandareaswhichhaverecently

beendeforested.

3.Promotionofbiofuelsthatreduce

greenhousegases

Biofuelsmustreducecarbondiox-

ideoutputby35%comparedwith

regularfossilfuels.Thisfigurewill

increaseto50%in2017beforeris-

ingto60%in2018.

Agreement on the South Stream PipelineInthebeginningofJune,inMoscow,GazpromandDESFA(HellenicGasTransmission

SystemOperatorS.A.))atameetingoftheJointRussian-GreekCommissiononeco-

nomic,industrialandscientific-technicalcooperation,signedacharteroftheJointVen-

tureCompany(JVC)SouthStreamGreeceS.A.,establishedonparitybasisbyGazprom

andDESFAfortheimplementationoftheGreeksectionoftheSouthStreamproject.

SouthStreamGreeceS.A.willbebasedinAthens.AccordingtotheGreek-Russia

bilateralagreementthepipelinewillsupplytheGreekmarketwithapproximately2.5-

3 billion cubic meters of natural gas annually. Τhe South Stream project , with main

shareholderstheRussianGazprom,theItalianEniandwithasmallerpercentagethe

FrenchEdF,involvesthetransportationofRussiangastoEurope,bypassingUkraine.

AnunderwaterpipelinefromtheBlackSeawillconnectRussiawithBulgariaandfrom

therethemainsectorwillbedirectedtoAustriaandthesecondaryonetoGreece.

Natural Gas from the CaspianThe first step for Europe’s ac-

cesstoCaspiannaturalgaswas

takenJune7inConstantinople.

Energy Ministers of Turkey and

Azerbaijansignedanagreement

for the sale and transport to

TurkeyofnaturalgasfromAzer-

baijan as well as a preliminary

agreement for the transport of

AzeriannaturalgastoEuropeviaTurkey.TheTurkishenergyMinister,Mr.TanerYildizpointed

outthatAzerbaijan’snaturalgasbesidesTurkey’sneedsisaveryimportantsourceforother

programssuchasNabuccoandtheTurkey-Greece-Italy(ITGI)pipeline.

AUTUMN 2010 AEGEAN NEWS �

Twenties Project—A Key to a “Green Europe” Themostsignificantprogrambeing

implementedtoday,aimingtofulfill

thevisionforagreenfuture,isthe

financedbytheEuropeanUnionTwen-

ties Project,whichwillspeedupthe

effortsfortheestablishmentofnew

technologiesofwindpowerinEurope.

TheProject,whichwilllastfor3years

andhasatotalbudgetof60million

Euros,outofwhich32willbefinanced

bytheEU,ischaracterizedasthemost

significantEuropeanenergyinitiative

untilnow.Itisconsideredanessen-

tialandeffectivemeasuretowardthe

achievementofEU’sgoalsregarding

climatechangeandsecuringenergy

sufficiency.Thesegoalsincludea20%

reductionofcarbondioxideemissions

andanimprovementinenergysuffi-

ciencyby2020.Furthermore,20%of

Europeanenergyconsumptionuptothe

sameyearmustcomefromRenewable

EnergySources.Intheframeworkof

theprogrammanytestsandprocedure

willbecarriedoutinseveralEuropean

countries.Theresultsfromthetests

willbeincludedinreportsthatare

expectedtobepublicizeduponcomple-

tionoftheProjectin2013.

F l o w s A N d C u r r E N t s

Growth for Greek Merchant Marine According to the Hellenic Statistical Authority, the Greek merchant marine fleet grew 0.3

percent in July 2010, compared with the corresponding month last year, after recording an

increase of 1.4 percent in the 2009-2008 period. The merchant marine fleet totalled 2,118

vessels, with a gross tonnage of 42,965,160 dwt, up 3.3 percent compared with July 2009.

Unknown Bacteria Ally Combating Gulf of Mexico Oil SpillThe underwater oil mist found in the Gulf of Mexico has been consumed by an unknown "oil consuming" type of bacteria.The bacteria have emerged as a surprising ally in decontamination and eat the oil without exhausting oxygen and thus deadening the water. The oil-eating bacteria are related to the Oceanospirillales genus and already existed in the Gulf region, feeding on the small amounts of hydrocarbons that flow naturally from the seabed.

Russia Proposes Introduction of Tariffs on Oil Companies

The Russian President Dmitry Medvedev, during the G20 summit in

Toronto,proposedtheintroductionofspecialtariffsonoilcompaniesin

ordertosetupafundthatwillcontributetothecleaningupofoilspills

andenvironmentaldisasters,suchasthespillintheGulfofMexico.He

stated thathis country isabout tosubmitadraftbill onpollution in

ordertoprotectitsshoresfromsimilarspills,whichaccordingtoenvi-

ronmentalistsaredestroyingRussianecosystems.

�0 AEGEAN NEWS AUTUMN 2010

M A r i t i M E s i N G A p o r E

PleasetellusalittleaboutthehistoryoftheportofSingapore

andMPA.

Situated at the crossroad of the East and West, Singapore has long been associated with the sea and maritime trade. What started as a small entrepot port some 190 years ago is now one of the top ports in the world.

Maritime Singapore is however much more than just the Port of Singapore. Singapore is also a major flag state, with the Singapore Registry of Ships being ranked among the top ten registries in the world.

Maritime Singapore also hosts a vibrant maritime eco-system, with over 5,000 companies, employing more than 150,000 people and contributing to about 7% of Singapore’s Gross Domestic Product.

The Maritime and Port Authority of Singapore (MPA) was established on 2 February 1996. As the nation’s mari-time administrator, MPA is tasked with promoting and developing Singapore as a premier global hub port and in-ternational maritime centre, and to advance and safeguard Singapore’s strategic maritime interests.

Singapore—AGlobalMaritimeLeaderMr.LamYiYoung,ChiefExecutiveoftheMaritimeandPortAuthorityofSingapore(MPA),speaksto

AegeanNewsaboutthedynamicroleofMPAindevelopingMaritimeSingaporeasalocal,regional,and

globalmaritimeleader.

AUTUMN 2010 AEGEAN NEWS ��

HowwouldyoudescribetheroleofSingaporeinregionaland

globalseafreight?

Analysts have estimated that some one third of the world's trade flows and half its oil is transported through the Straits of Malacca and Singapore. The Straits remains one of the busiest and most important shipping lanes in the world. As part of our commitment to the safeguard-ing of vital shipping lanes, Singapore works closely with Indonesia, Malaysia and the International Maritime Or-ganization (IMO) on issues relating to navigational safety and marine environmental protection in the Straits of Malacca and Singapore.

The Port of Singapore is well-connected both region-ally and globally. As a premier global hub port, we have a wide selection of more than 200 shipping lines with connections to 600 ports in over 120 countries. Singapore is also a world-leading hub for container transhipment, with over 25 million Twenty-Foot Equivalent Units (TE-Us) handled in 2009.

WhatdefinesSingaporeasaleadingmaritimecenter?

The Port of Singapore is buzzing with activities round the clock. At any one time, there are some 1,000 ships in the Port of Singapore, which equates to a ship entering or leav-ing the port every few minutes. Vessel arrivals in terms of shipping tonnage reached 1.78 billion GT in 2009.

More than 5,000 maritime establishments offer a broad suite of maritime products and services from Singapore. Companies setting up in Singapore have easy access to a comprehensive range of services such as shipbroking, ship management, ship agency, shipping finance, legal and arbi-tration services and marine insurance.

Besides over 100 international shipping groups, Singa-pore is also home to a range of technical and commercial maritime service providers that support the diverse needs of international shipowners and operators. There are more than 20 banks with shipping desks in Singapore comple-mented by a wide range of alternative financing providers and arrangers such as boutique investment banks and pri-vate equity arrangers. Singapore’s marine insurance sector has also been growing and includes Lloyd’s Syndicates writing marine line of business and International Group Protection & Indemnity Clubs.

In addition to traditional shipbroking activities, lead-ing shipbroking companies in Singapore have increas-ingly ventured into providing value-added services such as shipping finance, research and consultancy as well as freight derivatives broking. In the maritime arbitration scene, the Singapore Chamber of Maritime Arbitration was reconstituted in May 2009 to better respond to the needs of the maritime community by providing an inde-pendent, efficient and reliable dispute resolution environ-ment in Singapore.

MPA is tasked with promoting and developing Singapore as a premier global hub port and international maritime centre, and to advance and safeguard Singapore’s strategic maritime interests

�2 AEGEAN NEWS AUTUMN 2010

MaritimeSingaporeataGlancewAtanyonetime,thereareabout1,000vesselsinthe

Singaporeport.wEveryminute,about2to3shipsarriveorleaveSinga-

pore.wSingaporeiswell-connectedtomorethan600portsin

over120countries.wAnnually,about30milliontonnesofbunkersarelifted

inSingapore.Thisisenoughtofill14,500Olympic-sizepools.

wTheSingaporeRegistryofShips(SRS)isamongthetop10largestregistriesintheworld.Today,theSRShasover4,000vesselsregisteredwithit.

wSingaporehasbeenacouncilmemberoftheInterna-tionalMaritimeOrganization(IMO)since1993.

wSingaporeisthefirstseaportintheworldtoofferwire-lessWiMaxaccess.

wItisestimatedthatathirdoftheworld’stradeandhalfoftheworld’soiltradepassesthroughtheStraitsofMalaccaandtheStraitsofSingapore.

wAnnually,morethan120,000shipscallatSingapore.wAboutamillionvisitorscruiseintoSingaporeannually

inacontinuouscycle.wToday,thereareabout5,000maritimecompanies

contributingsome7%toSingapore’sgrossdomesticproduct,andemployabout150,000personnel.

M A r i t i M E s i N G A p o r E

WhataresomestatisticsthatgiveaportraitofSingaporeasa

bunkeringcenter?

Singapore is the top bunkering port in the world, supplying more than 30 million tonnes of bunkers to vessels annu-ally. The continuous improvement of marine services and facilities, as well as the close co-operation between MPA and industry stakeholders is key to Singapore’s success as a bunkering port.

Singapore’s competitiveness as the world’s top bunker-ing port and a major transhipment hub lies not just in its strategic location, but also the good infrastructure, marine services and facilities, and quality products. Singapore has a cluster of refineries and storage terminals of the world’s oil majors and chemical companies, as well as the availabil-ity of deep-water berths and a competent workforce that have contributed to Singapore’s development as a global oil trading hub. Local companies excel in supporting the port with ancillary services including towage, pilotage, and other marine or oil field supporting services.

Another significant highlight is that Singapore is the world’s pioneer in developing bunkering standards. MPA works closely with industry stakeholders to develop bunkering standards, promoting key principles which focus on quality, safety, transparency and efficiency. These standards have gained international acceptance and rec-ognition, in particular, the Singapore Standard SS 600 has become a model for bunker delivery in other countries. Singapore bunkering standards have become reference documents for the development of international best practices under the International Organisation for Stan-dardization (ISO).

PleasetellusabouttheSingaporeStandardCodeofPractice

andhowitaffectsthecommercialmaritimeenvironment.

To provide assurance of bunker deliveries in the Port of Sin-gapore, we have implemented national bunkering standards and policies covering the whole bunker supply chain.

Aegean is a major player and contributor to Singapore’s marine fuel oil scene, and is one of the top �0 bunker suppliers in Singapore

AUTUMN 2010 AEGEAN NEWS ��

The Singapore Standard Code of Practice for Bunker-ing, or SS 600:2008, covers pre-delivery, actual delivery and post-delivery. Requirements for documentation, equipment and verification procedures for both bunker-ing operations and bunker surveying are clearly stipu-lated in the standard. It also sets out the technical basis for dispute resolution through negotiation, conciliation or arbitration.

WhatroledoesSingaporeMaritimeWeekplayinthedevelop-

mentofMaritimeSingapore?

Singapore is well placed as a key global centre to host major maritime conferences and events. The annual Sin-gapore Maritime Week (SMW) brings together the inter-

national maritime community for a week of networking, sharing, learning and exchanges. Topical maritime issues are discussed during conferences and discussion forums anchored by the Singapore Maritime Lecture. Social and business networking opportunities also abound.

This year’s SMW reached out to the community at large by showing what Maritime Singapore is about through land- and sea-based outreach programmes such as the SMW Photography Competition and Amazing Maritime Race.

MPApridesitselfonitsdedicationtomaritimeR&D.Pleasegive

ussomeexamplesofinnovationthroughthisdedicatedpolicy.

Working closely with both academia and the industry, Singapore strives to be a global maritime knowledge hub to move the Singapore maritime cluster to new levels. Through the support of the S$100 million Maritime Inno-vation and Technology (MINT) Fund set up by MPA, local tertiary and research institutes have built up their maritime R&D capabilities in a wide range of areas to address the industry’s needs. Maritime and technology companies can also leverage on Singapore’s position as a major hub port and local R&D capabilities and facilities for research, test-

bedding and to reach out to the global maritime market with their products and services.

One example would be the Maritime Clean Energy Re-search Programme (MCERP) jointly launched by MPA and the Nanyang Technological University (NTU) earlier this year. Co-funded by MPA's MINT Fund and NTU, MCERP will focus on research platforms that promote green, car-bon-neutral, energy management solutions.

WhatisthevisionforthefutureofMPA,especiallyasweexpe-

rienceaneraofglobaleconomicuncertainty?

2009 was a challenging and difficult year for the mari-time industry. We are glad that, despite the challenges, Maritime Singapore continued to put up a very credible

performance. Singapore maintained its leading position for bunker sales, vessel arrival tonnage and containers throughput and the Singapore Registry of Ships continued to grow and ranked among the top ten in the world. 2009 also saw the continued expansion of maritime services in Singapore, with more companies basing more of their operations in Singapore.

At MPA, we will continue to explore new ways to en-hance Maritime Singapore’s competitive edge as we strive towards our mission of developing and promoting Sin-gapore as a premier global hub port and an International Maritime Centre, and advancing and safeguarding Singa-pore’s strategic maritime interests.

Aegean has a significant presence in Singapore. How do you

viewtheroleofAegeananditsgrowthpathasaglobalplayer

inbunkering?

Aegean is a major player and contributor to Singapore’s marine fuel oil scene, and is one of the top 10 bunker suppliers in Singapore. Aegean is also a global player with expertise and experience in the bunkering value chain. We hope that Singapore can continue to play a part in extending Aegean’s footprint in Asia and internationally.

The Port of Singapore is buzzing with activities round the clock. At any one time, there are some �,000 ships in the Port of Singapore

�� AEGEAN NEWS AUTUMN 2010

s i N G A p o r E

SingaporeTheCountry

Fullname. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .RepublicofSingaporePopulation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.7million(UN,2009)Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SingaporeArea. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 660sqkm(255sqmiles)Majorlanguages . . . . . . . . . . . . . . . . . . .English,Malay,Mandarin,TamilReligions. . . . . . . . . . . Taoism,Buddhism,Islam,Christianity,HinduismLifeexpectancy. . . . . . . . . . . . .78years(men),83years(women)(UN)Monetaryunit. . . . . . . . . . . . . . . . . . . . . 1Singaporedollar=100centsMainexports. . . . . . Computerequipment,machinery,rubberproducts,.......................................... petroleumproductsGNIpercapita. . . . . . . . . . . . . . . . . . USD$34,760(WorldBank,2008)

SingaporeataGlance

AUTUMN 2010 AEGEAN NEWS ��

The name Singapura means "city of lions," from the Ma-laysian words "sigka (lion)

and" pora "(city), and was attributed to the country in the 14th century by a Sumatran prince who, arriving on the island after a storm, observed an animal on the shore that looked like a lion. It is believed that he was wrong, as recent surveys show that lions (even Asian lions) never lived in Sin-gapore and the animal the prince saw was probably a Malaysian tiger.

Singapore was until 1963 a British colony and today is a member of the Commonwealth. The population has an ethnic composition, and includes Chinese, Malays, Tamils and Euro-peans. It has a strong economy and its residents enjoy a high per capita income and living standards.

Singapore is a model of economic development. From independence in 1965, it achieved almost uninterrupted growth, averaging nearly 8% per an-num for over three decades. By the 1990s, it had GDP per capita levels sim-ilar to many OECD countries and was acknowledged widely as one of Asia's 'tigers.' The contrast between Singapore and some of its regional neighbours is all the more striking given its size and lack of natural resources.

Until recently, Singapore had ex-perienced few periods of economic difficulty. However, it was hit hard in 2001 by a downturn in its key global

markets (particularly the U.S.) and a collapse in demand for electronics goods. As a result, it experienced its worst recession since independence: GDP fell 2.4% after growing about 10% in 2000. Although the economy expanded by 4.1% in 2002, Singa-pore faced the SARS (Severe Acute Respiratory Syndrome) setback in 2003. The government handled the outbreak better than most, but the economic fallout was significant, particularly in the retail, tourism and consumer-services sectors.

Nevertheless, Singapore's economy has remained fundamentally sound. The following few years saw robust growth rates of between 7.3-9.3%, until the onslaught of the current global economic crisis. Given the openness of its economy (Singapore trades over 350% of its GDP), it was the first country in Asia to fall into recession in the third quarter of 2008 and GDP growth for 2008 came in at 1.1%, much less than the 4-6% initially forecasted. For 2009, official projections were for the economy to contract by between 2 and 6% (of-ficial government forecast), but were recently revised upwards (media fore-cast at -3.6%).

Major Industries: Manufacturing (particularly electronics, engineering, biomedical sciences and chemicals), financial and business services, and commerce.

Singapore,officiallytheRepublicofSingapore,isanislandnation

southofMalaysia.Withanareaofonly704squarekilometresitis

thesmallestcountryinSoutheastAsiaandmaybecharacterizedas

amoderncity-state.

�� AEGEAN NEWS AUTUMN 2010

M A r i t i M E s i N G A p o r E

PortraitofaPort

AegeanOfficeinSingaporeOpeningdate:May 2005Director:Erwin ChuaEmployees:22Ships:7Aegean’spositionasabunkersupplier:7th

ContactTel.: +65 65010100 Fax: +65 62700705E mail: [email protected]

AUTUMN 2010 AEGEAN NEWS ��

The reasons for this success are its strategic geographical loca-tion, the country’s stable gov-

ernment, reliable workforce, business friendly environment, transparent le-gal system and sound infrastructure.

Singapore’s hub port handles a va-riety of cargoes at different terminals. The terminals are located at Tanjong Pagar, Keppel, Brani, Pasir Panjang, Sembawang and Jurong and can ac-commodate all types of vessels, such as container ships, bulk carriers, ro-ro ships, cargo freighters, and coasters. The terminals are managed by two commercial port operators, PSA Sin-gapore and Jurong Port. PSA Singa-pore operates the terminals at Brani, Keppel, Pasir Panjang, Sembawang and Tanjong Pagar, which deal with container and conventional cargo. Jurong Port handles container, con-ventional and bulk cargo. At the Pasir Panjang container terminal, new super post-Panamax quay cranes have been deployed to service the world’s biggest container vessel, the Emma Maersk. This series of dynamic quay cranes is the first of its kind in the region.

Over the years the port has estab-lished an international reputation for quality bunkering. All bunker sup-pliers operating here are licensed by the Maritime and Port Authority of

Singapore (MPA), and are required to comply with clear quality assurance standards and requirements, such as the Singapore Standard for Bunkering (SS CP60), the Singapore Standard for Bunker Surveying (SS CP77) and the Accreditation Scheme for Bunker Suppliers.

About 30 million containers and 500 million tons of cargo are handled every year and more than 30 million tonnes of bunkers lifted annually.

In addition, about one million visi-tors cruise into Singapore every year. The Singapore Cruise Center (SCC) started its operations in 1991 and has since upgraded and expanded, enhancing Singapore’s position as a cruise gateway to the Asia-Pacific.

A wide range of essential marine services are also available at the port, including pilotage, towage, fresh wa-ter supply, crew changes, ship supplies and slop disposal.

The port of Singapore remains the top choice of an Asian port with its high level of reliability, speed and ef-ficiency in its operations, a distinction reconfirmed in Shanghai, on June 10, 2010 at the Annual 24th Asian Freight and Supply Chain Awards, where it won two awards, the Best Seaport in Asia award, and the Best Green Service Provider-Seaport.

TheportofSingaporehasbeenacornerstoneofthecountry’s

economy for almost 200 years, and has played a key role in

Singapore’stransformationintoaglobaltradingpower.

Phot

o: C

hris

Lau

, 201

0

�� AEGEAN NEWS AUTUMN 2010

AEGEAN MAriNE pEtrolEuM

The final acceptance conditions required the ship and Portland Station to perform various op-

erational tasks under the scrutiny of the EMSA inspectors.

These included suitable storage, maintenance and loading of the anti pollution equipment to our vessel M/T Sara and the ability to operate it safely and efficiently. Once loaded and prepared for sea M/T Sara was to leave Portland Harbour for the open sea and perform various manoeuvres, demonstrating her capability to deploy a boom some 500 meters at 90 degrees from the vessel and control it. Once the boom was fully deployed she had to retrieve some 250 meters of boom back to the vessel and manoeuvre it into a “J” formation along her port side with the aid of a support tug.

Once the “J” formation was formed the deck crew of the vessel had to lower

the Skimmer, known as the Tarantula, into the sea by crane within the lap of the booms “J” formation. Once safely in position the Tarantula can be re-motely controlled to skim the surface of the water removing any floating oil to the ships oil salvage tanks.

All the manoeuvres had to be dem-onstrated and all the equipment oper-ated to show the crews capability and understanding of the project’s opera-tion. Also, the communication skills of the controlling officers both shore side and at sea had to be proven.

Aegean proudly announces that on the 14th and 15th of July the Final Acceptance Examination took place at Portland and the Aegean anti-pol-lution team passed their acceptance conditions. The equipment was loaded in a record time of under three hours from the shore side store, and the ves-sel was made ready for operational use

in a total of less than five hours. The M/T Sara will from now on reinforce the EMSA response capacity in the Atlantic and English Channel area, the gateway to northern Europe.

The M/T Sara will protect some of the most beautiful and sensitive areas of natural beauty and habitat in this corner of Europe.

This was truly an example of Aege-an staff working together; the original negotiations were conducted by Head Office in Greece and Aegean Bunkers at Sea. The operational, technical and constructional side was made pos-sible by staff from Antwerp, Greece, Portland U. K and the Sara crew. The nationalities of Aegean staff involved were Russian, Dutch, Belgian, Greek and British.

The M/T Sara and shore side team are now ready and standing by should they be required.

Aegean,withM/TSara,ProtectingtheEnvironmentΒY RoGeR LAWn |UKSUPERINTENDENT

Aegeanhassuccessfullycompletedallthetechnicalrequirementsandhasofficially

undertaken,incooperationwiththeEuropeanMarineSafetyAgency(EMSA),theprojectof

anti-pollutionandclean-upfortheAtlanticandEnglishChannelregions.

Deploymentoftherigidsweepingarms Deploymentoftheinflatableoilbooms Operationofthe“Tarantula”oilskimmerwithintheoilboom

AUTUMN 2010 AEGEAN NEWS ��

There is no doubt that the financial crisis has also affected the fuel market. How could it be otherwise since liquid fuels are

the main energy product and the driving force behind every economy?

Consequently, according to the cumulative con-sumption data publicized recently by the Ministry of Environment, Energy and Climate Change, regarding the Α΄ semester of 2010, the market is registering a significant decline of 10.48%. This consumption percentage decrease is the highest registered in recent decades. A smaller decrease

was registered in automotive fuels which, however, is unusual in the domestic market (Table Ι).

Under these extremely difficult circumstances, Aegean has set the target to consolidate its gas station network and at the same time to maintain its market share. An ambitious target, but never-theless achievable.

Despite the unfavorable circumstances, the ef-forts undertaken by the people of Aegean have resulted in the achievement of one part of this objective—to maintain the company’s market share (Table ΙΙ).

TheLiquidFuelsMarket

During the Α΄ Semester of 2010ΒY KonSTAnTinoS PouRSAniDiS |GENERALMANAGER

Consumptions of Α΄Semester 2010 Vs 2009 in the Total Domestic MarketFUELTYPE QUANTITY IN ΜΤ

Α΄SEMESTER 2010QUANTITY IN ΜΤ

Α΄SEMESTER 2010DIFFERENCE

INMTINCREASE/DECREASE

%

SUPERL.R.P. 62 300 98 453 -36153 -36.72

UNLEADEDPETROL95 1666037 1 718 623 -52 586 -3.06

UNLEADEDPETROL100 88614 134851 -46 237 -34.29

TOTALGASOLINE 1 816 951 1 951 927 -134 976 -6.92

DIESELENGINE 1 247 110 1 340 924 -93 814 -7.00

TOTALDIESELENGINE 3064061 3 292 851 -228 790 -6.95

DIESELHEATING 1 797 309 2 137 734 -340 425 -15.92

TOTALFUEL 4861370 5430585 -569215 -10.48

TABLE Ι

Aegean Market Shares Α΄ Semester 2010 Vs 2009FUELTYPE MARKETSHARESΑ΄SEMESTER 2009 MARKETSHARESΑ΄SEMESTER 2010

SUPERL.R.P. 9.0 9.0

UNLEADEDPETROL95 10.1 10.1

UNLEADEDPETROL100 9.4 10.6

TOTALGASOLINE 10.0 10.1

DIESELENGINE 6.7 7.3

TOTALDIESELENGINE 8.3 9.0

DIESELHEATING 8.2 7.4

TOTALFUEL 8.3 8.4

TABLE ΙI

r E t A i l

20 AEGEAN NEWS AUTUMN 2010

r E t A i l

In the spring of 2003, Mr. Iakovos Melis-

sanidis, in an interview, spoke of Aegean’s

main aim in the domestic market, which was

“to expand our network” and also of the basic

principles that should govern the company’s

policy: “low prices to the consumer but not

at the expense of fuel quality or services.”

Referring to the expansion of the gas station

network he focused on the significance of the

relationship with the gas station owners. “We

place a high value on our relationship with the

gas station owners. We stand by them from the

beginning, listening to their needs and helping

to find solutions to their problems.”

During the years that have gone by since

then, Aegean has remained consistent with all

these basic principles, always in line with its

commitment to the consumer as well as to its

gas station owners.

Consequently, in spite of today’s difficult

economic circumstances, the company’s mot-

to “Aegean—Everywhere Soon” is still being

implemented and its program of development

throughout the country continues.

A new destination in this course of devel-

opment is Rhodes, the beautiful island of the

Dodecanese which, due to its natural beauty

and its modern hotel installations, attracts mil-

lions of tourists every year. In less than two

months Aegean managed to set up a network

of five gas stations, with very good prospects

of further development.

Our new partners are:

w Ekaterini Pissadaki, in Paradisi

w Haristoula Vrondou, in Maritsa

w Ekaterini Nikolitsi, in Fanes

w Alexandros Nikoloudakis, in Kameiros Skala

w Ioannis Theoulakis, in Embona

Already, in Rhodes Aegean has won the

trust of consumers and our gas station own-

ers feel the difference in the cooperation with

a company that stands by them and supports

their daily struggle in every possible way,

while at the same time they gain the benefits

of our collaboration.

Aegean’s people-centered policy, com-

bined with its quality products and excellent

service, prove once again to be the “invincible”

vehicle for penetrating a new micro-market,

and make us proud for the trust with which our

partner gas station owners and, even more,

the consumers, embrace us.

Rhodes—NewDestinationinAegeanGrowthCourseBYNIKOLAOSPERAMATzIS|COMMERCIALMANAGER

Aegean began its course in the domestic market from Alexandroupolis in 1999, establishing

gasstationsatanamazinglyfastpace,beyondmostpeople’sexpectations.

Rhodes

AUTUMN 2010 AEGEAN NEWS 2�

ACHAIA

FOKIDA

ARTAPREVEZA

THESPROTIA

KARDITSA

TRIKALA

IOANNINA

GREVENA

KOZANIKASTORIA

FLORINAPELLA

KILKIS SERRES

DRAMAXANTHI

RODOPI

THASSOS

LIMNOS

LESVOS

HIOS

SAMOTHRACE

EVROS

KAVALA

THESSALONIKI

HALKIDIKI

IMATHIA

PIERIA

LARISA

MAGNISIA

FTHIOTIDA

EVIA

ANDROS

SKYROS

TINOS

MILOS

AMORGOS

ASTYPALIA

SANTORINI

PAROS

SYROSNAXOS

RHODES

KARPATHOS

IKARIA

KOS

EVRITANIA

VIOTIA

ATTIKA

SALAMINA

ΑΕGINAARCADIA ARGOLIDA

KORINTHIAILIA

MESSINIA

ZAKYNTHOS

LEFKADA

CORFU

KEPHALONIA

AITOLOAKARNANIA

LAKONIA

KYTHIRA

HANIA

RETHYMNO

IRAKLIO

CRETE

LASITHI

Aegean'sRetail Network

22 AEGEAN NEWS AUTUMN 2010

s t A t i o N s o F t h E M o N t h

TheBestThingIHaveDoneinYearsVasilisTsogaridis,9thKilometerR.RAlexandroupolis-Makri

Just 11 kilometers west of Alexan-droupolis, Makri has been a stra-tegic location during all history.

Its small port was a refuge for boats, the rock cavities above were used as refuge by the primitives, and the location’s natural environment provided security to the area’s first Neolithic settlement, which is considered the most signifi-cant in Western Thrace. The natural springs found in the area met the water needs of its first inhabitants.

Today Makri is a summer resort of natural beauty with centuries-old olive trees surrounding it and has a pictur-esque harbor with the huge plane trees.

On the 9th kilometer of this road con-necting Alexandroupolis with Makri lies the gas station of Vasilis Tsogaridis.

Mr.Tsogaridis,haveyoubeeninthispro-

fessionforalongtime?

Ever since I can remember myself. The gas station here has been in operation for the past 40 years. My father was here and I learned the job by being

next to him. For the past 11 years I am here alone with the help of my wife.

How long have you been working with

Aegean?

A long time. This is the second gas station Aegean took over in this area.

Wasittheresultofproblemswithyour

previouscooperationthatledyoutothis

decision?

There were a few problems, great pressure in financial matters, but I could have chosen another company

and not Aegean. It was Iakovos Melis-sanidis who approached me, he talked to me about the new company and its targets and the whole approach was

very convincing. I liked his way.

Didyoufacesomereservationsfromyour

customers?

None whatsoever. Of course they asked me questions, they wanted to know about this new name but that is as far as it got. Later of course they fully understood my decision.

During all these years you have been

withAegeandidthethoughtcrossyour

mindthatyoucouldhavemadeadiffer-

entchoice?

During all the years I have been with Aegean, and especially last year when my contract was expiring I was ap-proached by other companies and some very appealing proposals. But all these years Aegean stood by me. Whatever I needed, whatever problem I faced, minor or more serious, I had an immediate response.

This is why I never regretted my decision. It is the best thing I have done in years.

Makriisasettlementwithalonghistory,andmarksofhumanpresencehaveexistedinits

soilsincetheNeolithicperiod.

Whatever I needed, whatever problem I faced minor

or more serious, I had an immediate response

AUTUMN 2010 AEGEAN NEWS 2�

Although there have not re-mained many ‘male’ profes-sions unconquered, it was a

pleasant surprise when we realized that Mrs Gravani was not simply a partner on the gas station’s operation license, but that she operates the gas station herself, since it began doing business.

Mrs. Gravani, since when has this gas

stationbeeninoperation?

The station has been in operation for many years, since 1982.

Andwhoworkedhereinthebeginning?

My father-in-law and… I.

Thisisinteresting.Howdiditcomeabout?

Yourfatherinlawhadexperienceinthis

lineofbusiness?

He did not have the slightest idea! My fa-ther in law lived with us and at the time the decision was taken by all of us as a family. There were difficulties at the time and we had to do something. We sat down and thought that there was no gas station in this area and this is how it all started. My husband was already work-ing in a different sector so I, a young girl at the time, joined my father in law in this endeavor. Our relationship, pro-fessional and personal, was very good. Unfortunately he is no longer with us, he passed away quite young.

Sincewhenhaveyoubeenworkinghere

allbyyourself?

Since 1992 and for the past 11 years my daughter has joined me.

Soyouareawomaninwhatisstillconsid-

eredbymanya“male”profession.What

hastheexperiencebeenlike?

My course was full of struggle and dif-ficulties, irrelevant to my sex, and also very hard work, which was directly related to it. You see, in addition to the gas station, I had to take care of my home, the children and all those things a woman is expected to do

When did your cooperation with Αegean

startandhowdidithappen?

I joined Aegean in 2005. Until then I was with a major company, but unfortunately some serious problems occurred along the way, which drove

me to court, where I was acquitted. But that company, although it was well aware of the problem and direct-ly involved, did not take the respon-sibility for what had happened and leave me alone. So I had serious rea-sons to pursue another cooperation. Some colleagues that had left the other company talked to me about Aegean. A meeting was arranged and Mr. Iakovos Melissanidis came here twice, we talked and I did not need anything else. What can I say? I was really impressed. An amazing man, a real fighter, who started humbly and reached his present status.

Inthebeginningwereyourclientsatall

hesitant?

I was hesitant in the beginning. I was afraid that my customers might react in a negative way with the new name. But nothing like that hap-pened and soon all the reservations were gone.

Afteralltheseyearswhatisyourassess-

mentofyourcooperationwithAegean?

I would describe it as the perfect coop-eration. This mainly due to Iakovos. He kept his word on everything we dis-cussed in the beginning, he helped me incredibly and I want to say that this is something I will never forget.

TheriakisiisavillageinthePrefectureofIoannina,itbelongstotheMunicipalityofAghios

Dimitriosandhasapproximately400inhabitants.OnthelocationofFtelia,whichowes

itsnametoabigelmtreethatoncestoodthere,3kilometersfromthevillage,onthe

21stkilometeroftheNationalRoadIoannina-Athens,liesthegasstationofMrs.Miranda

Gravani.Andyes,sheherselfisthegasstationownerandoperator!

TheScentofaWomanΜiranda Gravani—Ftelia, Theriakisio-Ioannina

2� AEGEAN NEWS AUTUMN 2010

With ever-increasing pres-sures on shipping compa-nies the recent financial

crisis has revealed, top management is called to deliver more and more prov-

en efficiency and, at the same time, increased added value to the company. That is, to reduce to a feasible extent, the cost of ownership by keeping ves-sels operational and seaworthy.

Have we ever thought that in a ship-ping company 40 to 50%, on average, of the annual operating costs count for procuring various goods, spares, supplies, materials and services out-

s h i p p i N G

Shiftingfrom“Supply”to“StrategicPurchasing”BYTHANOSIOANNIDIS|PURCHASINGMANAGER,ASM

Traditionally,thePurchasingDepartmenthaslargelyplayedanadministrativerole

atthelow-endoftheshippingcompanies,withamarginalcontributiontothedecision-

makingprocess.

AUTUMN 2010 AEGEAN NEWS 2�

sourced, cutting across the whole spec-trum of its organizational functions? Therefore, in lean economic times it is high time for the Purchasing De-partment to take up the strategic role that it deserves at the high-end of the organization. Indicatively, a single-digit percent decrease of the annual spend for parts and services, follow-ing streamlined purchasing processes, would imply some millions left on the table, thus meaning sustainable com-petitive advantage.

If management desires the Pur-chasing Department to be ‘strategic,’ in order to maintain the company’s competitive advantage, instead of blaming the wrongdoing ‘scapegoat,’ then efforts should be focused to min-imize Purchasing’s tactical tasks and more time on strategic ones, based on the following characteristics:

w Integration of all purchasing, sup-ply, logistics and contract activities, whether parts, works, or services under one business function

w Spend Analysis in each category of goods and services in order to iden-tify opportunity for improvement

w Supplier Relationship and Devel-opment Management with their most important suppliers to imple-ment improvements in terms of developing new capabilities that will improve cost or quality

w IT-wise Implementation that mea-surably reduce costs and decrease cycle time throughout the supply chain, including e-business where appropriate

w Contract/Framework Agreements for repetitive buyings with a limited supply base to serve the needs of either group of vessels or even the entire fleet so as to capitalize buy-ing power and achieve economies of scale

w Performance-based Contracts in order to encourage major contractors to be innovative and to find cost-ef-fective ways of delivering services

w Forecasting to document changes in price levels, availability and demand trends along with Market Research to assess opportunities for new sup-ply sources

w Involvement in Specifications De-velopment at the early stages of specs drawing up, lending specialized knowledge in material availability, cost drivers, logistics support and life-cycle cost parameters

w Integrated Logistics Support (ILS) and Configuration Management philosophy to manage the cost of vessels’ in-service support or life-cycle cost for new buildings

w Development of Productivity Tools, e.g. standard terms and con-ditions, RFQs/Solicitation tem-plates, bids evaluation grid, so that repetitive tasks can be standardized and performed error-free in a timely manner

w Code of Ethics—Conflict of Inter-est in order for Purchasing to serve as an intermediary between the company and suppliers to ensure impartiality by maintaining the proper separation of duties as well as fairness and ethical business prac-tices that promote true and fair competition in the best interests of the company

StrategicPurchasingProcess

Achieve Business Goals

Discovery StrategyDesign Execute&Monitor

BusinessRequirements

Analysis

SupplyMarketAnalysis

SourcingStrategy

Development

SupplierSelection

ContractImplementation

1 2 3 4 5

Change Management Strategies

2� AEGEAN NEWS AUTUMN 2010

s p o t l i G h t

The FIFA U-17 Women's World Cup is a world championship football tournament for female players under the age of 17, organized by the Fédération Internationale de Football Association (FIFA).

The 2010 FIFA U-17 Women's World Cup was held in Trinidad and Tobago from September 5–25, 2010. Sixteen teams, comprising representatives from all six confederations, took part in the final competition, in which Trinidad and Tobago had a guaranteed spot as the host nation.

Trinidad and Tobago, chosen to stage the second FIFA U-17 Women's World Cup, a privilege that reflects the country's image, is one of the most prosperous and stable in the region.

In 2006 T&T became the smallest country (in terms of population) to ever qualify to the FIFA World Cup™ when they won their play-off against Bahrain and reached Germany 2006, making their debut in the world football's show-piece event.

The country also hosted the men's FIFA U-17 World Cup back in 2001.In his welcoming address Jack Warner, Vice-President of FIFA and Executive Chairman of the FIFA U-17 World Youth Championship Local Organizing Committee, said: “It is with the greatest pleasure that I welcome you to my home, Trinidad and Tobago, for the FIFA U-17 Women’s World Cup. This is the first time that a women’s football tournament will be played on Caribbean shores and I pledge to you that it will be an expe-

rience comparable to none. Trinidad and Tobago is a unique island paradise. We can offer the world the beauty and serenity which is associated with the Carib-bean, but more importantly, for this World Cup we will showcase our passion for women’s football to the globe. Since 2006 our country‘s motto has been “Small Country…Big Passion” and from 5 to 25 September 2010, the people of Trinidad and Tobago will show the world that we are well on our way to becom-ing the Home of Women’s Football globally.”

SmallCountry…BigPassionFIFAU-17Women'sWorldCupinTrinidadandTobago

ThetwinislandDemocraticRepublicofTrinidadandTobagowas,in

2009, Aegean’s choice for opening up its 13th bunkering station

andwebelieveitisonlyfittingthatwerefertoasignificantathletic

eventthatrecentlytookplacethere.

TheFédérationInternationaledeFootballAssociation(FIFA)isanassociationgovernedbySwisslawfoundedin1904andbasedinZur-ich.Ithas208memberassociationsanditsgoal,enshrinedinitsStat-utes,istheconstantimprovementoffootball.FIFAemployssome310peoplefromover35nationsandiscomposedofaCongress(legislativebody),ExecutiveCommittee(execu-tivebody),GeneralSecretariat(ad-ministrativebody)andcommittees(assistingtheExecutiveCommittee).

AUTUMN 2010 AEGEAN NEWS 2�

In August or September of 490 BC the Persian army, led by Datis and Artaphernes, gathered on the coast

of Asia Minor, embarked on their fleet of ships and sailed the Aegean Sea. They passed through the Cyclades and conquered Delos and Naxos. They landed in Eretria and destroyed it. Then they disembarked at Marathon.

The Athenians sought the help of the Spartans, who promised help but, with a delay, due to religious reasons. The only fighrters who came to the assistance of the Athenians were 1000 Plataeans.

The 10,000 Athenian and 1,000 Pla-taean warriors positioned themselves on the plain of Marathon to confront a numerically superior enemy. The exact number of Persians lined on the shores of Marathon has been a matter of con-

troversy. Some historians speak of a force of 110,000 men, others of 70,000, 50,000, 25,000 or even 15,000. The truth must lie somewhere in the middle, since the Persian army, according to Herodotus, was transported with a fleet of 600 ships.

The Athenian general Miltiades, to offset the numerical superiority of

the Persians, placed the Athenians and the Plataeans opposite the Persian ar-my in such a way that their flanks were reinforced and the center was weak. The two rival columns had the same width. When the battle began, the two flanks of the Greeks managed to repel the Persians across them and put them to flight. Meanwhile, the center of the

Persian army had repelled the weak Greek center. It was then that the two flanks of the Greek army turned back and the bulk of the Persian forces were found encircled. The Persians, after a brief resistance, fled in panic to their ships, leaving many dead on the bat-tlefield. After their defeat, the Persians sailed toward Athens, hoping to find it unguarded. But Miltiades managed to lead his army back to the city on time and so the Persians were forced to re-turn to Asia.

The casualties of the Battle of Mara-thon were daunting: 6400 Persians and only 192 Greeks.

The news of the victory reached Athens from a soldier who fought in the battle. Some historians believe it was Eucles, and not Phidippidis, who was the runner.

Eucles covered the 42 kilometers and 195 meters to Athens in full ar-mor, carrying his arms. Various artis-tic representations present him dying in front of the Athenian elders after crying out “We were victorious.”

This is the background to a proposal in 1896, with the revival of the Olympic Games on Greek soil, to establish the marathon as an official Olympic sport, a race that covers a distance of 42 kilo-meters and 195 meters.

TheBattleofMarathon—2500YearAnniversary

2500 years have passed since the famous Battle of Marathon in 490 BC, a battle in which

greatlyoutnumberedGreeksstoppedthemarchoftheAsiansandtheexpansionofPersian

ruleinEurope.

The mountains look on Marathon—And Marathon looks on the sea;And musing there an hour alone,I dream'd that Greece might still be free;For standing on the Persians' grave, I could not deem myself a slave.Lord Byron—The Isles of Greece

r o o t s

2� AEGEAN NEWS AUTUMN 2010

I Protect the Environment-I Safeguard My FutureBy staying informed about what is happening in the world and by passing the information on to others, we take a significant step toward the protection of our planet.

ChildrEN ANd thE ENviroNMENt

TheRoleofCloudsonEarth'sClimate

By studying ancient climate change patterns, scientists are

better able to predict what might happen in future events. This,

however, is not so true in the case of clouds and how they will

react to and influence a changing climate

Clouds provide shade for the surface of the planet and effec-

tively reflect incoming solar radiation back into space. Therefore,

a rise in cloudiness will result in a cooler planet. But then again

clouds are made up of water vapor which is, in itself, a powerful

greenhouse gas. This would mean that more clouds would trap

more heat than would be reflected.

The question is not just how much cloud cover there is, but

where it is and what type of cloud. How each type would influence,

and be influenced by, higher temperatures remains unknown.

According to Dave Randall, cloud specialist at Colorado State

University, "We do know a lot about clouds. We just don't know

enough. We're not in the infant stages of understanding any more;

we're in first or second grade, and on the way to adolescence."

The study of clouds is ongoing, and there are many projects

in process to better understand them. So far, the preliminary

assessment suggests clouds will accelerate warming, but the

results are far from definitive. One thing that all scientists will

admit, like all climate science, is that they do not understand

everything. But if they are anywhere close to being right, we are

in for a warmer future.

DidYouKnowWildSeahorsesareDisappearing?

Seahorses are unique and mysterious. They mate for life and

must eat constantly to stay alive. However, is not the lack of food

that endangers them.

Marine biologists are worried that regular harvesting of wild

seahorses may threaten the creature with extinction. They're

being traded on the black market, made into Asian medicine,

kept in aquariums, pollution is killing them off, and their costal

habitat is disappearing.

Twenty million seahorses are traded globally each year.

2� AEGEAN NEWS AUTUMN 2010

AUTUMN 2010 AEGEAN NEWS 2�

I BECOME INFORMED - I INFORM OTHERS - I ACT

AUTUMN 2010 AEGEAN NEWS 2�

Τhe European Union RestrictsAnimalTesting

Non-human primates have gained new protection after the

European Parliament backed a restriction on animal testing.

"The use of non-human primates should be permitted only

in those biomedical areas essential for the benefit of human

beings, for which no other alternative replacement methods

are yet available," a new EU law states.

The strongest protection was given to the "great apes,"

although sustained public pressure has already ensured none

have been used in European Union research in eight years.

Less stringent measures were brought in to protect the

12,000 other smaller primates, such as macaques, used in

EU labs each year.

The revision of the 25-year-old rules had originally envis-

aged a more complete ban on primate research, but were

heavily contested by the industry. Researchers argued pri-

mates were indispensable for work to find cures for diseases

including HIV, Alzheimer's Disease, cancer, hepatitis, malaria,

multiple sclerosis and tuberculosis.

Some 12 million vertebrate animals are used each year

in experiments throughout the 27-nation EU—half for

drug development and testing, a third for biology studies

and the rest for cosmetics tests, toxicology and disease di-

agnosis. Approximately 80 percent are mice and rats and

primates account for about 12,000 animals. Researchers

will have to keep files on the history of each individual

primate, dog or cat to ensure their welfare needs are met.

They will also be obliged to use alternatives to animal test-

ing whenever they are available. Government authorities

will be required to perform inspections on laboratories,

some of them snap checks..

"This directive also sends a challenge to other countries

such as the United States, where significant numbers of

chimps are still used," said Wendy Higgins of the Humane

Society International.

LightPollution

Light pollution is largely the result of bad lighting design,

which allows artificial light to shine outward and upward into

the sky, where it's not wanted, instead of focusing it downward,

where it is. Ill-designed lighting washes out the darkness of

night and radically alters the light levels—and light rhythms—

to which many forms of life, including ourselves, have adapted.

Wherever human light spills into the natural world, some aspect

of life—migration, reproduction, feeding—is affected

According to a report published online recently, light pollu-

tion is having a real impact on the mating life of forest-breeding

songbirds "In comparison with chemical and noise pollution,

light pollution is more subtle, and its effects have perhaps not re-

ceived the attention they deserve," said Bart Kempenaers of the

Max Planck Institute for Ornithology in Germany. "Our findings

show clearly that light pollution influences the timing of breeding

behavior, with unknown consequences for bird populations.”

�0 AEGEAN NEWS AUTUMN 2010

The ancient Greeks studied the stars and this celestial observation led to several

developments, especially in shipping, where the constellations played, until a few decades ago, a very significant role. The main zodiac figures accom-panied seafarers, at dawn the sight of Avgerinos (Venus) welcomed the arrival of a new day and the Pleiades, or Seven Sisters, the coming of night. It is no coincidence that almost all the stars and constellations bear the names of gods and heroes of Greek mythology.

Homer, in the Odyssey, states that "the Wise Goddess [Athena] advised Odysseus to keep the Great Bear Ma-jor to his left during his return from the island of Calypso." Hesiod, in his "Works and Days" says, addressing his brother Perasis: "And if you are overcome by the desire for dangerous journeys you should know that when the Pleiades, leaving the valiant Orion fall into the rough sea, then we shall have a very turbulent sea from all kinds of winds. Then make sure you have no ships at sea but cultivate your land instead as I have advised you."

Hipparchus (190-120 BC), the father of astronomy, created the first list of constellations, with 1022 visible stars.

Nautical(astronomical)InstrumentsNaturally, to the empirical observation of stars, measurements were added by astronomical instruments, which were later adapted to the needs of shipping

and were used by Greek sailors. The oldest and most famous astronomi-cal instrument is the gnomon, whose discovery is attributed to Anaximander (550 BC), and we know that it was used as a nautical instrument by Pytheas the Massaliot (4th century BC). It was used to determine the horizontal coordinates of the Sun, and through them to deter-mine the time, many other astronomical phenomena, and geographical factors.

Another instrument, which started as such and became a valuable nautical instrument, is the astrolabe. This was a Greek discovery by the great math-ematician and astronomer Eudoxus the Cnidian (360 BC). The instrument was originally used to measure time (both day and night), and later evolved into a more complex astronomical instrument and remained in use until at least the 14th AD century. Many other nautical instruments were in-vented and used by the ancient Greeks. Among them are Heron’s (10 AD) nau-tical odometer, probably an advanced version of the odometer of Archimedes (3rd century BC). The odometer was used to calculate road distances, and the nautical odometer to measure distances at sea. Others include the anemoscope of Eutropius (2nd century AD), used for orientation by means of the winds and the goniometer, a tool for measuring angles, (perhaps origi-nally used by Eratosthenes).

The Antikythera Mechanism, a unique and complicated mechanism capable of great precision, that shows the movements of the Sun, Earth and Moon in various phases between them, is perhaps the most famous, and is considered to be the first “com-puter” ever created.

CelestialNavigationCelestialnavigationisthemethodbywhichthe

positionofaship,andthereforeitssafejourney,is

determinedbyobservingcelestialbodies.

Astrolabe

M A r i t i M E t r A d i t i o N

AUTUMN 2010 AEGEAN NEWS ��

Aegeanisproudofthecontemporaryimageofitspetrol

stations.Stationpersonnelenhancethe“AegeanLook”

throughclothingandproductsthatreflecta

commitmenttoqualityandcustomerservice.

Productsthatsay

“We‘redifferent”

t h E A E G E A N i M A G E

��AUTUMN 2010 AEGEAN NEWS

�2 AEGEAN NEWS AUTUMN 2010

Aegean’s websiteswww.aegeanoil.grwww.ampni.com

Aegean Energy for the FutureAegeanisGreece'smostdynamicenergy,petroleum,andshippinggroup.ThecompanyhasanetworkofretailgasstationsthroughoutGreece,isactiveinmarinefuelsandlubricants,andoperatesafleetoftankersandbargesinter-nationallyanddomesticallytotransportpetroleumandbunkersforitsglobalbaseofclients.

RETAILMARKETThroughitsfast-growingnetworkofgasstations,AegeansuppliesdriversinGreecewithgasolineandautomotivelubricants.Aegean’smodern,well-maintainedgasstationnetworkhaswonthetrustofdriversduetothehighqualityproductsandservicesitoffersatcompetitiveprices.Inaddition,Aegeandirectlysupplieslargeindustrialclientswithpetroleumproductsofallgrades,owingtotheconsistencyandserviceofitstransactions.

BUNKERFLEETNYSElistedAegeanMarinePetroleumInc.,withanexclusivelydoublehullfleet—ofwhichnineshipsarenewbuild-ings—isthenaturalsupplierofmarinefuelsat12ofthemostsignificantportsintheworld.Furthermore, withits22newbuildingsprograminprogressandthecontinuousopeningofnewstations,itisoneofthemostdynamicallydevelopingdivisionsOftheAegeanGroup.

BUNKERINGAegeanprovidesoneofthemostefficientandresponsivebunkeringservicestoclientsworldwide.Itsshipsneverstopsailinganditsservicesareavailable24hoursaday,365daysayear.Aegeanoperatesbunkeringstations inPiraeus,and inGibraltar,Singapore,Jamaica, theUnitedArabEmirates,Antwerp,PortlandUK,Tema inGhana,MontrealandVancouver.AllitsproductsareISO8217certified.TheCom-pany,whichisamemberofIBIAandisISO9001certified,iswellpositionedontheFOBASWhiteList.

SHIPPINGAegean's fleet of ships is at the heart of its superior service worldwide. Itsvesselsoperate in full compliancewithEUand international standards, areallcertifiedwiththecodeofsafemanagement ISMandSOLASandare incompletecompliancewithMARPOLregulations.Aegean continually adds to its fleet of ships, which includes large vessels as well assmaller capacity vessels. Its fleet transports oil cargoes worldwide on behalf of major oilcompanies,commercialclients,andAegeancustomers.

LUBRICANTSAegean produces and markets high performance lubricants for vehicles andindustrialuseundertheAegeanbrandand,forthemarinemarket,undertheALFAbrand.ALFAmarinelubricantsarecertifiedandapprovedbythelargestmarineenginemanufacturersintheworld.The resources of our company and our follow–up service create our suc-cessful relationships and allow Aegean to supply lubricants in 500 portsworldwide.

ENVIRONMENT-HECTheHellenicEnvironmentalCentercollects,transportsandprocessesoilresi-duesfromshipsandlandunits(industrial,shipyards),whileitalsomanagesallliquidresiduesproducedbyships.InordertocarryoutitsworkHEChasthemoststate-of-the-artequipment,consist-ing of floating separators, a fleet of pollutant-collecting tankers, and well-equippedtanktrucks.HECactstoprotectthemarineenvironmentandatthesametimecontributessignificantlytothesavingofenergywiththerecyclingproceduresitusestotransformthereclaimedpollutantsintoenergyresources.

TRADINGAegeanisdynamicallyactiveinthetradingofcrudeoilandpetroleumproductsworldwide.TheTradingDepartmentiscomprisedofdedicatedandprofessionalindividualswhocombinehighlevelexpertiseandagreatmanyyearsofexperienceintheoilindustry.Petroleumproductsaresuppliedtoabroadspectrumofcustomerswhocomprisethecompany'sportfolio.Aegeanhasacquireditscredibilityfromthehighqualityoftheservicesitprovidestosuppliersandshipowners,afactthatsupportsthecompany’sambitionsfortheachievementoflong-rangegoalsintheenergysectorworldwide.