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In August 2018, Mercuria Energy Group acquired almost one-third of AMPNI's shares. In
October 2018, an audit revealed substantial accounting problems at Aegean, to the tune of US$ 300 million. Aegean Marine commenced its Chapter 11 process in November 2018, reorganizing in order to improve its
689:
Aegean Marine
Petroleum Network Inc. announced today that the U.S. Bankruptcy Court…has confirmed its plan of reorganization. This development paves the way for the Company to emerge from Chapter 11 restructuring next week as a wholly-owned subsidiary of Mercuria Energy Group
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approved of the company's reorganization plan in March 2019. Consequently, Aegean Marine was acquired by
Mercuria, and its assets were taken over by the newly Minerva Bunkering. Correspondingly, the headquarters of the company was moved to
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Minerva
Bunkering is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. It operates from hubs in
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Minerva
Bunkers began with a core group of more than 40 marine fuel specialists who came from the bankrupt Danish ship-fuel supplier OW Bunker in December 2014.
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322:. The second bunkering station was opened in Gibraltar in 1997, followed by stations in Fujairah (2001), Kingston,
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318:. Aegean Marine Petroleum Network started to operate with one bunkering station in the
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677:"Aegean Marine Petroleum Network Inc. Plan of Reorganization Confirmed by Court"
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330:(2006), and other locations around the world. In 2006, it was listed in
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704:"Energy trader Mercuria gets green light to buy Aegean Marine Petroleum"
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274:, Switzerland. It was founded in 2019 as a wholly owned subsidiary of
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679:(Press release). Aegean Marine Petroleum Network Inc. March 27, 2019
527:"Minerva Bunkering Appoints Tyler Baron as Chief Executive Officer"
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received 100% of the common equity of the reorganized company. The
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581:"Mercuria Announces Expansion to Minerva Maritime Fuel Business"
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603:"Amid Fraud Allegations, Aegean Marine Files for Bankruptcy"
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Mercuria (founder of
Minerva Bunkers and Minerva Bunkering)
557:"Industry Insight: Where Did OW Bunker's Staff Resurface?"
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Companies formerly listed on the New York Stock
Exchange
472:"Auditors probe potential $ 200m fraud at Aegean Marine"
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Companies that filed for
Chapter 11 bankruptcy in 2018
730:"Restructured Aegean Marine Becomes Minerva Bunkering"
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liquidity. Under the terms of the restructuring deal,
583:(Press release). Mercuria Energy Group. 12 March 2015
652:"A $ 300mn fraud case sinks Aegean Marine Petroleum"
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630:"Mercuria Adds over 40 Former OW Bunker Employees"
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502:"Aegean Marine Is Now Minerva Bunkering"
137:in Singapore as Minerva Bunkers Pte Ltd.
834:Transport companies established in 1995
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298:Roots of Minerva Bunkering go back to
16:Petroleum refining and trading company
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829:Energy companies established in 1995
809:Oil and gas companies of Switzerland
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99:Aegean Marine Petroleum Network Inc.
44:Aegean Marine Petroleum Network Inc.
839:Greek companies established in 1995
632:. Offshore Energy. 16 December 2014
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286:), a public company listed on the
266:is a supplier of marine fuels and
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819:Shipping companies of Switzerland
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278:. It quickly absorbed the larger
150:in Singapore as Minerva Bunkering
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300:Aegean Marine Petroleum Network
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814:Shipping companies of Greece
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702:Payne, Julia (2019-03-27).
555:Atkins, Matt (2015-02-04).
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334:through a public offering.
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469:Hope, Kerin (2018-11-01).
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19:Not to be confused with
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332:New York Stock Exchange
288:New York Stock Exchange
531:Hellenic Shipping News
343:Mercuria Energy Group
308:Dimitris Melissanidis
276:Mercuria Energy Group
242:Mercuria Energy Group
159:Dimitris Melissanidis
506:Ship & Bunkering
734:World Maritime News
608:The National Herald
347:US Bankruptcy Court
227:Number of employees
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161:(founder of AMPNI)
90:Petroleum industry
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561:Ship & Bunker
264:Minerva Bunkering
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27:Minerva Bunkering
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759:. Retrieved
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736:. 2019-04-05
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658:. 2018-11-05
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611:. 2018-11-08
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537:12 September
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508:. 2019-04-04
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168:Headquarters
96:Predecessors
49:Company type
185:Area served
178:Switzerland
793:Categories
740:2019-09-12
715:2019-09-12
662:2019-09-12
615:2019-09-12
566:2020-08-06
512:2019-09-12
484:2019-09-12
447:References
436:Aegean Oil
380:Las Palmas
358:Operations
195:Key people
78:: ANW
72:: AMP
53:Subsidiary
21:Aegean Oil
372:Singapore
328:Singapore
316:Singapore
268:bunkering
220:Bunkering
189:Worldwide
61:Traded as
386:See also
326:(2005),
324:Kingston
216:Services
208:Products
86:Industry
41:Formerly
755:"About"
709:Reuters
690:Limited
376:Antwerp
312:Piraeus
294:History
248:Website
155:Founder
144: (
131: (
114: (
106:Founded
761:8 July
636:8 July
587:8 July
368:Athens
364:Geneva
352:Geneva
272:Geneva
237:Parent
173:Geneva
122:Athens
656:in.gr
304:AMPNI
284:AMPNI
70:Athex
763:2020
685:2019
638:2020
589:2020
539:2019
378:and
255:.com
146:2019
139:2019
133:2014
126:2014
116:1995
109:1995
76:NYSE
310:in
201:CEO
120:in
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