Bunker Supplier 'Aegean' Expands to Hong Kong

Press Release

Aug , 21 2012

Greek-based Aegean Marine Petroleum Network Inchas to offer oil fuel bunker supply service in Hong Kong.

New York-listed interntaional bunker supplier Aegean Marine Petroleum Network Inchas announce plans to expand its global network for the physical supply of marine fuel by establishing operations in Hong Kong.

Aegean says that it expects to initially deploy one double-hull bunkering tanker to its new service centre in Hong Kong, from Singapore, by 30 September, noting that Hong Kong generates about 5-million tonnes in annual marine fuel sales.  

The company’s president, Nikolas Tavlarios, said, "We are pleased to once again expand our global network for the physical supply of marine fuel by strengthening our strategic presence in the Far East. The Port of Hong Kong is a major transportation hub serving critical global and intra-Asia shipping routes as well as passenger ferries.

We plan to take advantage of our modern delivery fleet and strong brand recognition to drive future performance in Hong Kong. We also intend to achieve notable synergies with our existing service center in Singapore, enabling Aegean to realize greater operating efficiencies while minimizing incremental capital expenditures." 

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