Aegean Marine Petroleum Network Inc has actually arised from Chapter 11 personal bankruptcy as a fully-owned subsidiary of Mercuria Energy Group Limited as well as will certainly currently run as Minerva Bunkering, a leading worldwide physical provider of aquatic gas.
“We are pleased that Aegean has completed its restructuring, and now as part of Mercuria, is a significantly stronger company with greater supply capabilities and access to liquidity,” statedAegean Board Director Tyler Baron “As the new Minerva Bunkering, the company looks forward to capitalizing on its enhanced platform and delivering greater value to its customers. With IMO 2020 less than a year away, Minerva is uniquely positioned to provide an unparalleled set of solutions to the marine fuel market, leveraging the combination of Mercuria’s global reach, risk-management expertise and trading operations with our extensive physical supply capabilities.”
Mercuria is just one of the biggest, privately-held power as well as assets teams worldwide with a yearly turn over over of $100 billion bucks. As an important component of Mercuria, Minerva Bunkering is just one of the sector’s most creditworthy counterparties with a large supply network.
Magid Shenouda, Global Head of Trading at Mercuria, stated, “Today notes a brand-new phase for Minerva, as it gets Aegean Marine’s industry-leading group as well as physical network. Minerva was improved the facility of offering gas to its consumers where as well as when they require it in one of the most affordable method. Now the brand-new Minerva will certainly have the ability to supply end-to-end solution as well as literally supply gas in the places crucial to our consumers.
“Minerva Bunkering is here to serve the entire shipowning community,” statedShenouda “With our extensive network, rigorous transparency and strong balance sheet, we are a dependable partner providing reliable service and high-quality products.”
Minerva Bunkering runs from centers in Geneva, Athens, New York, Singapore, ARA (Amsterdam, Rotterdam, Antwerp), as well asLas Palmas Minerva Bunkering is just one of the sector’s most creditworthy counterparties with a large physical supply network.
