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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
700:
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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341:(2006), and other locations around the world. In 2006, it was listed in
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285:, Switzerland. It was founded in 2019 as a wholly owned subsidiary of
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690:(Press release). Aegean Marine Petroleum Network Inc. March 27, 2019
538:"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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592:"Mercuria Announces Expansion to Minerva Maritime Fuel Business"
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614:"Amid Fraud Allegations, Aegean Marine Files for Bankruptcy"
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Mercuria (founder of
Minerva Bunkers and Minerva Bunkering)
568:"Industry Insight: Where Did OW Bunker's Staff Resurface?"
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Companies formerly listed on the New York Stock
Exchange
483:"Auditors probe potential $ 200m fraud at Aegean Marine"
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Companies that filed for
Chapter 11 bankruptcy in 2018
741:"Restructured Aegean Marine Becomes Minerva Bunkering"
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liquidity. Under the terms of the restructuring deal,
594:(Press release). Mercuria Energy Group. 12 March 2015
663:"A $ 300mn fraud case sinks Aegean Marine Petroleum"
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513:"Aegean Marine Is Now Minerva Bunkering"
148:in Singapore as Minerva Bunkers Pte Ltd.
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309:Roots of Minerva Bunkering go back to
27:Petroleum refining and trading company
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840:Energy companies established in 1995
820:Oil and gas companies of Switzerland
110:Aegean Marine Petroleum Network Inc.
55:Aegean Marine Petroleum Network Inc.
850:Greek companies established in 1995
643:. Offshore Energy. 16 December 2014
297:), a public company listed on the
277:is a supplier of marine fuels and
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830:Shipping companies of Switzerland
289:. It quickly absorbed the larger
161:in Singapore as Minerva Bunkering
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815:Oil and gas companies of Greece
311:Aegean Marine Petroleum Network
291:Aegean Marine Petroleum Network
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825:Shipping companies of Greece
713:Payne, Julia (2019-03-27).
566:Atkins, Matt (2015-02-04).
345:through a public offering.
139:; 10 years ago
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480:Hope, Kerin (2018-11-01).
317:), established in 1995 by
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112:Minerva Bunkers Pte Ltd.
30:Not to be confused with
768:. Mercuria Energy Group
343:New York Stock Exchange
299:New York Stock Exchange
18:Aegean Marine Petroleum
542:Hellenic Shipping News
354:Mercuria Energy Group
319:Dimitris Melissanidis
287:Mercuria Energy Group
253:Mercuria Energy Group
170:Dimitris Melissanidis
517:Ship & Bunkering
745:World Maritime News
619:The National Herald
358:US Bankruptcy Court
238:Number of employees
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172:(founder of AMPNI)
101:Petroleum industry
572:Ship & Bunker
275:Minerva Bunkering
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38:Minerva Bunkering
16:(Redirected from
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179:Headquarters
107:Predecessors
60:Company type
196:Area served
189:Switzerland
804:Categories
751:2019-09-12
726:2019-09-12
673:2019-09-12
626:2019-09-12
577:2020-08-06
523:2019-09-12
495:2019-09-12
458:References
447:Aegean Oil
391:Las Palmas
369:Operations
206:Key people
89:: ANW
83:: AMP
64:Subsidiary
32:Aegean Oil
383:Singapore
339:Singapore
327:Singapore
279:bunkering
231:Bunkering
200:Worldwide
72:Traded as
397:See also
337:(2005),
335:Kingston
227:Services
219:Products
97:Industry
52:Formerly
766:"About"
720:Reuters
701:Limited
387:Antwerp
323:Piraeus
305:History
259:Website
166:Founder
155: (
142: (
125: (
117:Founded
772:8 July
647:8 July
598:8 July
379:Athens
375:Geneva
363:Geneva
283:Geneva
248:Parent
184:Geneva
133:Athens
667:in.gr
315:AMPNI
295:AMPNI
81:Athex
774:2020
696:2019
649:2020
600:2020
550:2019
389:and
266:.com
157:2019
150:2019
144:2014
137:2014
127:1995
120:1995
87:NYSE
321:in
212:CEO
131:in
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