aegean news · greece is 8%. shipping aegean shipping manages a fleet of tank- ... are welcome....

Aegean Hosts Investor Day

at NYSE

Upgrading The Port

of Piraeus

InterviewApostolos

PoulovassilisCEO of Aegean

Shipping Management

PlusFlows and CurrentsTravel with Aegean

Aegean NewsSPRING 2017

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

Fujairah Bunkering & Fuel Oil Forum

A Highly Successful Event

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SPRING 2017 AEGEAN NEWS 1

As Aegean Marine Petroleum Celebrates 10 suc-cessful years of being listed on the New York Stock Exchange it is important to reflect on the course of a company from Greece that is making its mark as a global leader. Some time ago it was popular to regu-larly employ the phrase Think Globally, Act Locally. It was a convenient slogan that many companies used to

lay claim to high ideals—but often failed to deliver in essence. Aegean can be proud that it's appropriation of this worthy ideal travelled beyond the printed word—and into everyday practice.

In reaching the four corners of the world, through determination, strategic planning, and entrepreneurial grit, from headquarters in Piraeus, Aegean’s global presence has been formidable. With the NYSE listing as an anchor, and non-compromising excellence as a compass, this company has steered its course using the highest standards in the market. For example, achieving numerous ISO certifications, as Aegean has done, reflects a commitment to service, the environment, safety and forward planning that few companies manage. Competing in some of the toughest markets in the world, against established majors, is no easy task. Yet Aegean has proven over and over that innovation, timing, and market perceptiveness can secure victory.

At the same time, a global brand must have value beyond financial results and being devoted to local communities makes all the difference. For example, supplying heating oil to schools in Greece facing difficulties has a direct impact on the everyday lives of students—and teachers—who can then concentrate on building futures that might otherwise be in doubt. Or donating basic goods to people in need during the holy period of Easter, right here in Aegean’s neigh-borhood. “Charity begins at home” means that charitable behavior is a some-thing we learn in our local cultures, and are then able to carry out humanistic efforts wherever we are.

The global reach of Aegean carries a truly Greek set of values, that infuses the business actions of employees worldwide, and that is a local tradition that deserves recognition.

editorialRetailAEGEAN OIL has established a gas station network throughout Greece, and is one of the fastest growing companies in the retail market. AEGEAN’S gasoline market share in Greece is 8%.

ShippingAEGEAN SHIPPING manages a fleet of tank-ers, ranging from 28.610 to 50,926 DWT, that transfers and delivers oil to our clients throughout the world. All ships meet ISM standards. The Company’s new GreenFleet (http://www.greenfleet.gr) incorporates the latest technologies to ensure reduced operating costs and reduced emissions, while increasing overall performance. All ships are certified by ISM, ISPS and MLC as well as with ISO 9001, 14001, 18001 and 50001. AEGEAN SHIPPING is additionally certified with ISO 22301.

BunkeringAEGEAN MARINE PETROLEUM is a leader in providing the best bunkering services available in Piraeus, Patras, Gibraltar, Amster-dam-Rotterdam-Antwerp, Fujairah, Jamaica, Singapore, Trinidad & Tobago, Vancouver, Montreal, Mexico, Tanger Med (Morocco), Canary Islands, Baltimore, Philadelphia, New York, Norfolk, Charleston, Los Angeles and Long Beach, Hamburg, the Gulf of Mexico, St. Petersburg, South Africa and Brazil. AE-GEAN MARINE PETROLEUM is the market leader in bunkering.

Agency ServicesShips from around the world rely on AEGE-AN AGENCY services at Piraeus, Gibraltar, Fujairah, and Jamaica, from loading and discharging, to spare parts and supplies.

LubricantsAEGEAN OIL produces and markets high performance lubricants for vehicles and industrial use, under the AEGEAN brand. AEGEAN MARINE PETROLEUM trades and supplies lubricants for the marine market under the ALFA brand.

AegeanCore Activities

RAYMOND MATERAPublisher

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4 AEGEAN UPDATE

8 NEW YEAR’S PITA CUTTING Aegean Hosts its Annual Vassilopita Celebration

9 BUNKERING Aegean in Germany

10 AEGEAN PORTS OF CALL Port Elizabeth— TNPA People's Port Festival

12 FLOWS AND CURRENTS Trends and News in the Oil and Energy Fields

14 BUNKERING 10th International Fujairah Bunkering & Fuel Oil Forum

18 GROWTH + DEVELOPMENT Upgrading the Port of Piraeus

24 THE AEGEAN INTERVIEW Operational Excellence— An ASM Strategic Objective Apostolos Poulovassilis, CEO of Aegean Shipping Management (ASM)

26 STATIONS OF THE MONTH • Theofilos Mihalatos, Vlahata, Kefalonia • Evangelos Stavrou, Vounoplagia

28 MARITIME TRADITION “Para Thin Alos” Seascapes in Modern Greek Art

29 TRAVEL WITH ΑEGEAN Pella

30 CHILDREN AND THE ENVIRONMENT Cyclades Life

6 Aegean celebrates 10 years on the New York Stock Exchange with an Investor Day 14 A strong Aegean presence

at the 10th International Fujairah Bunkering and Fuel Oil Forum (FUJCON 2017)

26 Apostolos Poulovassilis, recently appointed CEO of Aegean Shipping Management (ASM), discusses the strategic objectives the company will embrace

AEGEANMARINEPETROLEUM

Cover Photo His Highness, Sheikh Hamad Bin Mohammad Al Sharqi, Member of the UAE Supreme Council & Ruler of Fujairah

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contents

CODE: 5169

Spring 2017Aegean News is published quarterly by AEGEAN

PUBLISHER & MANAGING EDITOR Raymond Matera

CONTRIBUTING EDITOR Alexandra Loli

DESIGN White Design

PRINTING AND BINDING Korifi Publications SA

OWNER Aegean 10 Akti Konydli 185 45, Piraeus, Greece Tel: +30 210 458 6000 Fax: +30 210 458 6241 E-Mail: [email protected] Websites: www.aegeanoil.gr, www.ampni.com

Comments and suggestions are welcome.

Aegean News is free of charge and is available, subject to availability, to any interested person or organization.

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4 AEGEAN NEWS SPRING 2017

2017 Greek Shipping Hall of FameThe Greek Shipping Hall of Fame’s

first Induction Ceremony & Dinner

took place on April 3, 2017 at the

Banqueting Hall of the Megaron

Athens Concert Hall.

Approximately 600 guests from

Greece and overseas enjoyed the

welcome cocktail reception followed

by a bespoke Induction Ceremony pro-

gram, during which the Greek shipping

community paid tribute to historical

personalities, who have helped shape

the industry. At the center of the

event was the unveiling of the lat-

est Inductees to the Greek Shipping

Hall of Fame, George L. Daniolos and

Nikolaos D. Lykiardopoulos.

Aegean was a Premium Sponsor.

Part of the proceeds from the event

was donated to the Hellenic Hope

foundation.

A E G E A N U P D A T E

Guests at the Aegean CMA Shipping Confernce Party 2017

Gratciella Kladi, Kostas Pylodakis, and Dorothy Papadogiannis of Aegean

Aegean Present at CMA Shipping 2017

On March 20-22, 2017 Aegean Marine Petro-

leum participated in the annual Connecticut

Maritime Association Conference for 2017, best

known as CMA Shipping.

The CMA Shipping Conference, a premier in-

ternational shipping and trade conference and

exhibition, provides business opportunities from

around the world. Individuals from all areas of

the industry come together to share information

and knowledge on global industry matters.

This year, the conference was held at the Hilton

Hotel in Stamford, Connecticut, at which Aegean had a significant presence as an exhibitor.

Each year, CMA offers the Commodore Award to the industry’s most distinguished individu-

als. John D. “Jack” Noonan, CEO of Chembulk Tankers, was named 2017 CMA Commodore of

the Year at the Gala Dinner on March 22, marking the conclusion of the Conference.

Continuing a tradition, Aegean organized a party at Del Frisco's on March 21, which had a

great turnout. Financiers, customers and professional service providers attended the party

making it the highlight of the three-day conference.

Expression of SolidarityThis Easter Metropolitan Bishop

Alexios from the Church of the Holy

Trinity in Nikea took the initiative

to collect and deliver food to 4,500

of our fellow human beings in need.

Aegean showed great sensitivity

and love for our fellow man and

filled the warehouse of the church

with 60 boxes of food and clothing.

Sandi Ennor, Trading Manager, Peninsula Petroleum; Nikolas Tavlarios, President APNI); Megan McCurdy. Trader, Peninsula Petroleum; Marc Holm, Senior Fuel Oil Trader, Maersk Oil Trading

Soumela Fotiadou and Antonis Pavlakis of Aegean Human Resources Department


Congratulations!Anastasia Tsiliki of Aegean’s IT

Department successfully complet-

ed M.Sc. studies in Shipping at the

University of Piraeus on December

19, 2016.

Aegean Joins RECHTOCUPThis past February Aegean’s team in

Hamburg participated in the RECHTOCUP

Football Tournament in Aalborg, Denmark

along with a group of our clients.

This year’s event represented the silver

anniversary of this important tradition

in the calendar of the Danish Shipping

Community.

The Aegean team proudly represented the

group in Aegean branded sports outfits

from the Aegean Collection.

All participants played with great ambi-

tion and shared a fantastic time together

with the 850 guests of this very well

organized event.

The entire team at Aegean Hamburg’s

Bunker Supply and Marketing Department

would like to extend a big “Thank you” to

our guests who attended the event.

Boris Gronenberg, Lefteris Charalambopoulos, Sina Groth, Christoph Bus, Sami Benachir and Leif von Hacht

Camille Maurs, Gregory Robolakis, Jonathan Mcilroy, Sal Drago, Manolis Chochlakis, Loukia Foka, Spyros Fokas, loraine Tavlarios, Nick Tavlarios, Diederick De Mos, Cecile Tailbot, and Spyros Gianniotis

Sina Groth, Sami Benachir, Raymund Bacani, Dennis Ho, Mathias Berndt, Alexandros Kyriazis, Michiko Okiyama, Chris Roberts, Lauren Miller, Andrew Ananiev, Boris Gronenberg, and Gilbert Goh

Sotiris Delidimitriou, Georgia Kounalakis, Dave Wade, Dorothy Papadogiannis, Panagiotis Sarkiris, Leonardos Stefanou, Ken De Bisschop, Martijn Van Der Velden, Tony Vertommen, Felix Vertommen, and Apostolos Paouris

The 2017 International Bunkering Industry Association DinnerThe annual dinner of the International Bunkering Industry Association (IBIA) takes place at the beginning of the Institute of Petroleum’s week, commonly known as “IP week,” with networking opportunities second to none. The event is very popular and demand always outstrips supply.IBIA’s 24th annual dinner took place on February 20, 2017 at the Grosvenor House Hotel in London with more than 1000 guests. The night was a big suc-cess and Aegean friends and colleagues had dinner and enjoyed each other’s company, while exchanging news and ideas on today’s maritime industry.


(top) E. Nikolas Tavlarios, President of AMPNI; Spyros Gianniotis, Chief Financial Officer of AMPNI address investors

Aegean Hosts Investor Day at NYSEAegean marked 10 years as a public company with an Investor Day event at the New York Stock Exchange. The focus of the day was to help the investment community better understand Aegean, its value and earnings power, and how it has evolved over the years. Leaders from across the business explained the work they do every day and how that work fits into and supports Aegean’s glob-al model. The event, which was attended by new and existing investors, analysts and banks, was widely regarded as a success.

A E G E A N U P D A T E

New Bidirectional Aegean Service Station in NikeaOn March 10 Aegean launched a new

state-of-the-art bidirectional service

station at the 342.5 km of the new

Athens-Thessaloniki Highway in Nikea.

The two new service stations are

equipped with the most advanced

and environmentally friendly techno-

logical equipment, according to the

requirements of ISO 9001 (Quality

Management System) and ISO 14001

(Environmental Management System)

Aegean Oil is certified with by the

international accreditation orga-

nization Lloyd's Register Quality

Assurance (LRQA).

Aegean has set a goal for the new ser-

vice station in Nikea to become a refer-

ence point for all drivers travelling on

the new Athens-Thessaloniki Highway.

Donation of Heating Oil to Schools in North-East Greece

During the winter season of 2017, Aegean

collaborated with the International Foun-

dation for Greece to deliver heating oil to

schools in North-East Greece. During the

deliveries Aspasia Leventis, Founder and

President of the International Foundation

for Greece, and Yiannis Pistolas, Director

of Aegean Installations in Alexandroupolis,

were present.

New EmployeesThe following employees have joined

the Aegean work force.

AEGEAN SHIPPING MANAGEMENTApostolos Poulovassilis

MELCO PETROLEUMVasileios Karvounis Theoni Miaouli Vasileios Polyzogopoulos Yiannis Pistolas of Aegean and Aspasia Leventis of the

International Foundation for Greece


Aegean Shipping Management Appoints Apostolos Poulovassilis as New CEO

Aegean Shipping Management S.A. announce the appointment of

Apostolos Poulovassilis as Chief Executive Officer. Mr. Poulovas-

silis joins the company at an important point in its development,

with the upgrade of its tanker fleet in full progress and with a clear

focus on operational and environmental excellence. George Me-

lissanidis, Chairman of Aegean Shipping Management said: “We

are very pleased to be appointing someone of Mr. Poulovassilis’

caliber and experience to Aegean Shipping. He has demonstrated

throughout his career the ability to develop and lead successful

teams and deliver impressive results. I look forward to working

with him to create the next chapter of Aegean Shipping’s success story.”

Mr. Poulovassilis brings to the role more than 27 years of experience in the marine industry

with an impressive track record of leadership and management at the highest level, firstly

with Lloyd’s Register reaching the level of Regional Manager for Europe, Middle East & Africa,

and most recently with Eletson Corporation as Chief Operating Officer.

“My first priority is to lead Aegean Shipping into the next phase of its sustainable develop-

ment and expansion of the “GreenFleet.” Coming into the company at this critical point is a

huge responsibility, but I am very happy to have been given the opportunity to play a part in

Aegean Shipping’s evolution,” Mr. Poulovassilis said.

Apostolos Poulovassilis

Bob Sanguineetti Visits Aegean in ShanghaiIn the spring of 2017 Bob Sanguinetti,

Chief Executive Officer of the Gibraltar

Port Authority, visited the offices of

Aegean in Shanghai. Mr. Sanguinetti

was briefed on the activities of the

company in the region and, accom-

panied by Aegean office staff, visited

other major shipping companies.

Jenny Huang, Aegean; Bob Sanguinetti, CEO Gibraltar Port Authority; William Wang, Aegean; and Phoebe Li, Aegean

Visit to the White HouseOn March 24-25, 2017, Dimitris

Melissanidis, accompanied by

Spyros Fokas, visited Washington

for the celebration in honor of

Greek Independence Day. On March

24 they attended a formal dinner

hosted in the historic Blair House

residence in honor of Archbishop

Dimitrios organized by White House

Chief of Staff, Reince Priebus.

Greek Defense Minister Panos

Kammenos, as well as other dis-

tinguished Greek Americans and

visitors from Greece were also pres-

ent. The next day Mr. Melissanidis

and Mr. Fokas attended a recep-

tion at the White House hosted by

President Donald Trump. Dimitra Priebus (mother of Reince Priebus) Dimitris Melissanidis, Reince Priebus, White House Chief of Staff


N E W Y E A R ’ S P I T A C U T T I N G

Aegean’s 2017 Vassilopita Celebration

On February 17, 2017

Aegean hosted its annual

New Year’s Vassilopita

celebration on the 8th

floor of the company’s

headquarters in Piraeus. In Greece the cutting and sharing of the Vassilopita, a New Year’s cake, is the traditonal manner to greet the new year. The event began with a greeting and speech by Dimitris Melissanidis, who reviewed the positive results of the

previous year, and asked all Aegean personnel to keep up their efforts so that the company may continue its leading performance in the global oil market.

Mr. Melissanidis cut the Vassilopita and Melco was the winner of the coin hidden within. Following a draw, seven lucky Aegean employees won one gold British pound each, gifts from the Aegean Shop with a total value of 500 Euro, and 500 Euro worth of fuel. After the cutting of the Vassilopita, Aegean hosted a dinner for 320 employees attending the event, who were entertained in a festive atmosphere by a live band.

A Happy and Healthy New Year to All!


B U N K E R I N G

Aegean in GermanyAegean entered the German market in 2015 in the Port of Hamburg. Since then Aegean has

expanded significantly and as of 2016 has been able to provide comprehensive coverage at

Germany’s Baltic and North Sea ports.

Hamburg and North Sea AreaAegean Bunkering Germany acts as a physical sup-

plier in the Port of Hamburg, where the company

operates river and sea-going barges supported

by exclusive access to leased storage facilities on

River Weser.

In addition to supply in the Port of Hamburg, Aegean

offers delivery options in the region’s North Sea

ports including Bremerhaven, Bremen, Brake, Blex-

en, Nordenham, Cuxhaven, Wilhelmshaven, Emden

and other locations upon inducement.

Aegean has full control of the supply chain along

with the best blending expertise. Aegean is there-

fore able to ensure prime and tailored quality and

service for each and every customer.

Rostock and Baltic Sea AreaAegean took control of OBAST Bunkering and Trading GmbH

at the beginning of 2017.

OBAST expanded Aegean's presence in Germany's Baltic

ports, adding coverage of Rostock, Kiel, Luebeck-Travemu-

ende, Wismar, Stralsund, Greifswald, the Isle of Rugen and

other locations.

Aegean deploys one 1,600-dwt bunker barge supplemented

by barges owned and operated by exclusive partners. De-

livery by road truck wagon is also possible where required.

Deliveries across the full range of all German ports are

available on a 24/7 basis and Aegean has complete control

of the entire logistics chain from oil to storage to barging,

which ensures an "always-on-time" bunkering service.


More than 90,000 persons passed through the gates of Port Elizabeth Harbor

on March 25-26 for a unique expe-rience during the Port Festival orga-nized by the Transnet National Ports Authority (TNPA).

“We were overwhelmed by the number of people who came down to experience the port,” Port Elizabeth Port Manager for Transnet Nation-al Ports Authority (TNPA), Rajesh

Dana. “We were delighted to share our vision, showcase what happens behind the gates, and create an envi-ronment of learning and discovery.”

The purpose of the event was to showcase some of the incredible technology, machinery, and maritime experiences to be had at the port, as well as offering tours to areas, usually closed to the public. The Port Bus Tours proved to be a huge hit with Festival visitors. The demand and

thirst for knowledge created a need to host extra tours on both days.

The Port Festival also provided a platform for local artists to showcase their talents and local businesses to plough their trade.

Becoming a Smart People’s PortAligned to the national strategy for South African ports, the creation of a smart port as seen in leading world Port Cities will embrace smart ener-

Aegean at the Port Elizabeth Harbor TNPA Festival


Aegean Ports of CallAegean operates in many ports throughout the world, supplying

customers with products and services. Aegean News highlights

developments from some of the Aegean Ports of Call—the series

continues with news from the Port of Port Elizabeth.

gy, logistics, processes, environment and management. "A Smart People's Port will be a driving force for the so-cio-economic development of the city and our province," adds Dana. "We cannot create and operate a smart port in a vacuum. It needs to be integrated with smart cities and its people."

During the People’s Port Festival festivalgoers would’ve also witnessed glimpses of the Port of PE’s vision to transform into a “Smart People’s Port”. One of the key projects in this transformational journey of the port is the development of the waterfront

and our philosophy of “starting small in a big way” was clearly demon-strated by our two recently opened restaurants that being Shisa (offering unique African cuisine) and Dock-side Lounge (offering a wide range of incredible entertainment). These two establishments complement a world-class yacht club, which hosts various international yachting regattas and a very active angling club.

“The success of this event rests largely with the port community and city which has been incredibly supportive and have embraced the

festival. So, I would like to thank each and every stakeholder for his or her contribution. I would further like to thank Aegean Bunkering Marine Ser-vices for their generous sponsorship. I would also like to thank the media, for the positive coverage and adver-tisements which have contributed to the good turnout,” said Mr. Dana.

Aegean has a strong presence in the area as it is the first company able to offer bunkers outside port limits (OPL) in South Africa to passing ships with bunkers at anchorage in South Africa’s Algoa Bay.

Aegean has a strong presence at the TNPA Festival of Port Elizabeth


F L O W S A N D C U R R E N T S

Greek Shipping: A European Asset Shipping is a pillar of the European economy and Greek ship-

ping is vital to the economic welfare of all of Europe.

Addressing a maritime conference in Athens this past Janu-

ary, Shipping & Island Policy Minister Panagiotis Kouroumb-

lis said trust in shipping is needed for it to face the challeng-

es of our time. “Europeans must understand Greek shipping

is a powerful weapon for Europe,” said the minister, talking

about Greek and European shipping and the industry's com-

petitiveness and prospects in these uncertain times.

Union of Greek Shipowners President Theodore Veniamis

also underlined the importance of shipping to Europe. He de-

scribed shipping as "a national treasure" for Greece, without

having political party affiliations, and this enables the shipping community and the State to

share a common aim, especially when it comes to increasing the direct links with the country's

economy and overall welfare.

The Union of Greek Shipowners Celebrates 100 years In November of 2016 the Union of Greek Shipowners (UGS) celebrated their 100th anniversary. President of the Hellenic Republic Prokopios Pavlopoulos, Prime Minister Alexis Tsipras, and three former Prime Ministers were among the 1,800 guests who attended the event at the Athens Concert Hall.Prime Minister Alexis Tsipras described the establishment of the UGS 100 years ago as "a milestone for both Greek shipping and the Greek economy," going on to praise Greek shipowners, “who are recognized globally for their business acumen and their ability to make the right decision at the right time, by acting against the current.”UGS president, Theodore Veniamis, said the Union is the home of the Greek shipping family and "proof of the importance and the superiority of collective action over the years in defending the institutional interests of Greek shipping, a difficult, demanding but also honorable task."

New Technology to Watch the Sea in 3DScientists at the University of Venice

and the Institute of Marine Sciences

of the National Research Council

found that exceptionally high waves

are more common than previously

assumed by theoretical models

while looking at waves in the open

sea with “electronic eyes,” so as to

reconstruct it in 3D. In other words

they measured a moving surface, the

sea, using cameras that constantly

change their point of view due to

being mounted on floating objects in

motion. The scientific team carried

out their study in the Adriatic Sea

and published their results in the

Journal of Physical Oceanography

after two years of development and

open water testing.

Extreme waves in a storm are those

whose height exceeds double the

significant wave height. Knowing

their actual frequency of occurrence

is crucial not only to oceanographers

dealing with the improvement of

theories, but also to designers of

offshore ships and platforms. The

system uses artificial intelligence:

two synchronized digital cameras are

secured on the sea surface and iden-

tify common points that stereoscopic

vision can place in a three-dimen-

sional space. The data derived from

the observed points, combined with

the results of statistical models, are

processed according to a numerical

open source code, which reconstructs

the sea surface in 3D. Using a

remote device, the operator can see

the three-dimensional reconstruction

of the waves on his screen, but more

importantly he has real-time data

available on a wave surface of thou-

sands of square meters.

Source: www.oceannews.com

The President of the Hellenic Republic Prokopios Pavlopoulos and the President of the Union of Greek Shipowners Theodore Veniamis

The President of the Union of Greek Shipowners Theodore Veniamis


World Ocean Council Works to Advance Arctic Sustainable Development The World Ocean Council (WOC) CEO, Paul Holthus, attended the Arctic Business Council Summit and the Arctic Frontiers conference in Tromso, Norway in January 2017, where he engaged with stakeholders from business, government, science, environment and other communities and had the oppor-tunity to speak about the WOC initiative to develop Sustainable Development Goal (SDG) targets and indicators particularly relevant to Arctic industries.Mr. Holthus also participated in panels with government ministers as well as senior business, academic and environment leaders, where he outlined the role of WOC in developing programs to advance ocean sustainable development in the Arctic, such as the WOC Smart Ocean-Smart Industries program, which is working to scale up the use of industry vessels to collect ocean data in areas, such as the Arctic, where information is needed to understand and monitor ocean conditions and change.Source: www.oceannews.com

Making Sure Blue Economy is Green Humans seem to think that there’s a

limitless capacity to industrialize the

oceans. For this reason there is a need

to effectively measure, monitor and

sustainably manage this 71% of the

Earth's surface.

As we no longer look to the ocean

solely for protein and waterways,

but also as a source for many more

aspects of our society, greater atten-

tion is needed for the industrialization

of our oceans, which have long been

considered as a source of inexhaust-

ible resources and reservoirs for

unwanted waste. We are increasingly

using the oceans in all of the ways we

have used the land, resulting in great

changes, such as increased fish farm-

ing, seaborne trade, marine mining,

and offshore oil and gas production.

Making sure the blue economy is green

requires avoidance of the mistakes

made in managing terrestrial based

resources. The oceans are truly an

international resource and, as such,

require international cooperation and

support. We need to reimagine the

oceans as a shared space and resource

capable of providing social, environ-

mental and economic good, but only if

transparency, coordination, and com-

mitment to balancing competing goals

are at the core of public policy and gov-

ernance, finance and the management

of global supply chains.

Source: www.nature.com

The 111th meeting of the Association of Mediterranean Cruise Ports at the Port of Piraeus In January 2017 the 111th meeting of the Association of Mediterranean Cruise Ports took

place under the auspices of the Piraeus Port Authority at its headquarters in Piraeus.

During the meeting the Board members met with the new Cruise Lines International Association

(CLIA) Secretary General, Tom Fecke, and the new president of CLIA Europe, Kyriakos Anastasi-

adis, to take common initiatives for the development of the cruise industry in the Mediterranean.

According to the 2016 statistics for the cruise sector, the port of Piraeus welcomed 113,000

more passengers than the year before; a significant increase of over 10%. The homeport

traffic achieved an increase of 24%. At a time of continuous difficulty in the Eastern Mediter-

ranean, the Aegean is a sea of security and peace and the Piraeus cruise port is a modern hub,

which provides complete services to passengers and ships.

Source: www.olp.gr


B U N K E R I N G

10th International FujairahBunkering & Fuel Oil Forum

On March 27-29, 2017, the 10th International Fujairah Bunkering & Fuel

Oil Forum (FUJCON 2017) “Driving Transformation Across The Bunkering

Supply Chain” took place in Fujairah.

Falcon Monument, Fujairah, UAE


From Right: Capt. Taleb Al Yamahi, POF Deputy Harbour Master; Dr. Mohammed Saeed Al Kindi, Chairman, FUJCON Steering Committee, UAE; George Moustakas; Capt. Mayed Almeiry, POF Deputy Harbour Master

From Right: Sherin Sherif; Capt. Tamer Masoud, POF Harbour Master; George Moustakas

The forum was held under the auspices of the Govern-ment of Fujairah and the Port of Fujairah with the patronage of His Highness, Sheikh Hamad Bin Mo-

hammad Al Sharqi, member of the UAE Supreme Council and Ruler of Fujairah, with the presence of His Highness, Sheikh Mohammad Bin Hamad Bin Mohammad Al Sharqi, Crown Prince of Fujairah.

Organized every two years, the Fujairah Bunkering and Fuel Oil Forum (FUJCON) is the pre-eminent and most pres-tigious bunker forum for the Middle East bunker markets.

Aegean had a strong presence in this forum as a gold spon-sor and participated in session 7, which was entitled “LNG as a Marine Fuel/LNG Bunkering: Opportunities and Challeng-es.” During this session Geoffroy Beutter, Business Develop-ment Manager of GTT France for Africa and the Middle East, acted as chairman, while the panel included the following speakers: Capt. Mousa Morad, General Manager, Port of Fu-jairah (UAE); Lauran Wetemans, General Manager, LNG Fuel, Shell International BV (Netherlands); Mohamed Zaitoun, Assistance Vice President, New Building Technical Projects, United Arab Shipping Company (UAE); and George Mous-takas, General Manager, Aegean Fujairah Bunkering (UAE). The panelists in this session had the opportunity to discuss the impact of low oil prices on the use of LNG as a marine fuel oil, the long-term contracts and LNG shipping earning, the uptake of LNG, the challenges in the Middle East for LNG bunkering, the rules regarding LNG bunkering, the trading patterns of bulkers and tankers, and the future developments of the Port of Fujairah in this sector.

Mr. Moustakas and colleagues Maria Kritikou and Chris-tina Raptodimou (Aegean HO), who had the opportunity to meet our clients in the area, as well as Tamer Marei, AOT- Ass. General Manager, represented Aegean at FUJCON 2017.

From Left: Maria Kritikou; George Moustakas; Cristina Raptodimou From Left: Mohamed Zaitoun; Lauran Wetemans; Capt. Mousa Morad; George Moustakas

From Right: Tamer Marei; William List, FOTT Manager, Fujairah Oil Tanker Terminals; George Moustakas


B U N K E R I N G

Fujairah— A Key Aegean Location


The Port of FujairahAegean began operations in Fujairah in 2000. Without a doubt, Fujairah is one of the world’s most strategically important locations for shipping and the petroleum industry. In addition to providing 24/7 bunkering services and lubricants in this key Gulf lo-

cation, Aegean owns and operates a major storage facility, with a capacity of more than 450.000 cbm.

Port of Fujairah is the only multi-purpose port on the Eastern seaboard of the United Arab Emir-ates, approximately 70 nautical miles from the Straits of Hormuz. Initial Construction of the Port started in 1978 as part of the economic devel-opment of the UAE. Full operations commenced in 1983. Since then the Port has embarked on a continuing

process of enhancement to both its facilities and its comprehensive range of functions.

Strategic PositionThe Port of Fujairah with its strate-gic location on the UAE East coast, at the crossroads of shipping lines

between East and West is one of the Emirate’s vital facilities. It offers an important hub for their activities towards the markets of the Indian sub-continent and East of Africa.

The Emirate of Fujairah enjoys excellent road connections with U.A.E and adjoining countries.

The excellent road network is being further improved with new roads that will reduce travel time to the neighboring emirates and beyond.

Key business ActivitiesThe Port has a very long experience as a Port and Terminal Operator handling all types of business activ-ities of a Port Operator. The port offers comprehensive facilities for a wide range of requirements such as general and bulk cargo including Oil

The range of services provided by Port of Fujairah includes:• General Cargo – including Project

Cargoes• Bulk Cargo – including aggregate

exports• Wet Bulk Cargo – including Fuel,

Oil, etc. for Bunkering and Trading• Port facilities for small supply craft

users and agents• Container activity• Other Port Services

Fujairah holds a unique position in the UAE. It is the only emirate that lies on the eastern side of the UAE, along the Gulf of Oman, while other six emirates are along the Arabian Gulf.

In addition to providing 24/7 bunkering services and lubricants in this key Gulf location, Aegean owns and operates a major storage facility


Upgrading The Port of PiraeusGreece’s Port of Piraeus is set to undergo a significant upgrade as it advances its

strategic plan to become a leading port globally and develop facilities to respond

to its key role as a center of passenger and cargo traffic.

G R O W T H + D E V E L O P M E N T


The Piraeus Port Authority (PPA) and China Cosco Ship-ping Corporation Limited

(Cosco) are about to begin a major upgrade to the Port of Piraeus, further consolidating plans to have Greece’s main port a leading trading hub in Europe, an international cruise desti-nation, and a global ship repair center.

The investment plan, totaling 137.5 million Euro for 2017, is an integral part of the programs agreed by PPC and Cosco.

“We will continue the investments in Piraeus port” said Cosco’s General Director and Chairman Wan Min on the occasion of the transfer of 51 per-cent of Piraeus Port Authority (OLP) shares to the Chinese giant in 2016. Mr. Min added: “We will improve the port’s international position with the aim to contribute in the devel-opment of the Greek economy, the strengthening of competitiveness and the creation of jobs,” adding that the acquisition of the Port and Cosco’s ac-tivity in Piraeus constitutes one of the most important international projects implemented by the Chinese group.

The 2017 investment program targets a number of key improve-ments that will allow the port to serve emerging trends in shipping, cruising and overall travel requirements. Some of the targeted projects are:Cruise Port Expansion, through the creation of six new berthing positions to serve new-generation cruise vesselsShip Repair Zone infrastructure im-provement through the procurement of equipment and the creation of new installationsLogistics Center construction at the ODDY site with a total surface area of 120,000 square meters, including an underground road link to the car terminalNew Oil Pier (Pier III) constructionCar Terminal Expansion (Herakleous)


The 2017 investment program targets a number of key improvements that will allow the port to serve emerging trends in shipping, cruising and overall travel requirements


Improvement and Maintenance of port infrastructure projects in placeProcurement of new equipment and facilitiesContainer Terminal Pier I (RMG yard area and cranes) repair

Multiplier EffectThis upgrade of the port zone is ex-pected to encourage passengers and other visitors to spend more time at the Port of Piraeus, whose passenger traffic is by far the highest in the Med-iterranean—more than twice that of Naples, in distant second place. The

Italian port had 6.32 million passen-gers in 2015, according to the annual study of the Association of Mediterra-nean Cruise Ports (MedCruise).

The report showed that Greece recorded the second highest coastal shipping traffic in the Mediterranean (after Italy) in 2015, with 25.2 million passengers—the figures for 2016 are not yet available. Italy and Greece cover 70 percent of the total coastal shipping traffic in the Mediterranean, accounting for 37.3 percent and 32.7 percent respectively.

A significant factor contributing to Piraeus’s huge passenger numbers is its link with the Saronic islands, particularly nearby Salamina. It is also the main port linking continental Greece with hundreds of islands in the Aegean.

Local Economy Stergios Pitsiorlas, Deputy Minister of Economy and Development and

Piraeus is the biggest coastal shipping port among 69 organized ports in the Mediterranean


former head of the Hellenic Republic Asset Development Fund (HRADF), expressed his optimism that Cosco’s investment strategy at the port of Pi-raeus will mark the Greek economy’s turn to growth and his hope that Pi-raeus will become an even larger port with Cosco’s active participation.

Piraeus is the biggest coastal ship-ping port among 69 organized ports in the Mediterranean, according to data compiled by MedCruise, while the new management of Piraeus Port Authority, controlled by the Cosco Group since last year, is preparing to add to its real estate as a part of its general upgrading plan.

Port of Piraeus The Port of Piraeus served as the port of Athens since ancient times. Today, the Port of Piraeus is the largest Greek seaport and one of the biggest in the Mediterranean Sea. Situated at the outskirts of Athens and only 10 km away from the city center, it acts as the main gate for Hellenic imports and ex-ports. Also, as the Port is situated close to the international trade routes, it acts as a hub of international trade, being the only European port in the East Mediterranean with the infrastructure ro accommodate transshipment cargo.

The Port of Piraeus is a major em-ployer in the region and is operated by the Piraeus Port Authority S.A. (PPA). With about 18.6 million passengers, Piraeus was the busiest passenger port in Europe in 2015. Since 2009 the port's container handling has grown rapidly. Piraeus handled 3.32 million TEUs in 2015 and 3.67 million in 2016. According to Lloyd's list for top 100 container ports in 2015, Piraeus ranked 8th in Europe and 3rd in the Mediterranean Sea. As a result the Port of Piraeus plays a crucial role in the development of international trade as well as the local and national economy.

With a modern history dating from 1924 when major civil works began, the Port of Piraeus has a range of ac-tivities concerning the Commercial and Central Ports, ship services and real estate development. It connects continental Greece with the islands, is an international cruise center and a commercial hub for the Mediterra-

nean, providing services to ships of any type and size.

PPA SA employs more than 1,100 people and annually provides ser-vices to more than 24,000 ships. PPA S.A contributes to local and national economic growth and is further de-veloped by upgrading both its infra-structure and services provided.

The Port of Piraeus offers unique competitive advantages because of its strategic position and infrastructure:Strategic geographical position at the crossroads of Asia - Africa - EuropeInfrastructure and natural depths for the accommodation of even the largest modern container shipsOperation under a free zone type II status24 hour - 365 day operation of the Container and Car TerminalsScale of tariffs based on the volume of transshipment containers and carsCompetitive storage feesExtended feeder services connecting the port with almost all main ports in the MediterraneanIntegrated information system sup-porting port operationsOperational and safety standards according to international regulations


The Port of Piraeus served as the port of Athens

since ancient times


The Port of Piraeus

Operated by Piraeus Port Authority (Athex: PPA)Owned by COSCO (51%) Hellenic Republic Asset Development Fund (23.14%) Investors (25.86%)Type of harbor Natural/ArtificialSize 3.900 ha (35 sq km)Managing Director Captain Fu Cheng Qiu Annual container volume 3.67 million TEU (2016)Annual revenue € 103.49 million (2016)Net income € 6.698 million (2016)Website www.olp.gr

Sources: Wikipedia, www.olp.gr


As new CEO, what is your overall approach in directing Ae-gean Shipping Management? Coming in as CEO of ASM, we have agreed with the Chair-man of the Board, Mr. George Melissanidis, to proceed with a number of strategic objectives that will embrace everything we do. The overall principles we apply revolve around Safe, Clean and Efficient operations and it is my and the Management Team’s responsibility to achieve these objectives.

What are some of the key elements of your overall business performance priorities?I can summarize these in two words: “Operational Excel-lence.”

What does “Operational Excellence” mean for Aegean Shipping Management? To determine this, we have outlined performance goals, further identified our considerable ca-pabilities, and carried out strategic brainstorming reviews to defined six key elements of Operational Excellence:• Safety & Environmental Culture• Leadership & People Development• Engagement & Communication• Learning• Efficiency & Effectiveness• Technology

Regarding health, safety and environment, how important are these objectives and metrics in shipping today?We firmly believe that strong business performance can only be achieved by having a strong safety and environ-mental performance and our aim is to be on “Level Zero” at all times in terms of serious incidents and accidents,

as well as for down time. This is the best way to meet our customers’ requirements. Therefore, one of my main prior-ities, since joining ASM, is developing and enhancing our overall company culture for Safety and Environmental Pro-tection. This goes far beyond individual metrics or KPIs and is all about behaviors and attitude towards Safety and the Environment – the “softer” people issues.

How does a company integrate its people into its strategic objectives in a meaningful, win-win way?Engagement of our people is the most critical piece of the puzzle. Experience has shown time and time again that if you do not achieve positive engagement then your overall performance can be seriously affected. So we have already introduced a number of initiatives, from recruit-ment interviews to on-the-job training sessions and shore seminars, to optimize the “people factor” in all our critical operations. We want to use these initiatives to move our business focus and center on our people, first to ensure their own safety, and also to strengthen their overall safety and environmental behaviors —ultimately their safety is in their own hands but our role is to do everything we can to promote a positive approach, conditions and culture to achieve that.

Efficiency and effectiveness are buzz words we hear a lot. How are the two related and what difference can they make at Aegean Shipping?We are one of the few shipping companies globally to have developed and implemented “5 ISOs”—Quality, Environ-ment, Health & Safety, Energy and Business Continuity Management—within our Integrated Management System.

Apostolos Poulovassilis, recently appointed CEO of Aegean Shipping Management (ASM), discusses

the strategic objectives the company will embrace.

Operational Excellence—An ASM Strategic Objective

T H E A E G E A N I N T E R V I E W


But we continuously need to keep testing these systems and processes to ensure that they are not only efficient, in terms of the resources applied, but also effective in terms of their outputs, especially on our vessels and within the ship-shore interfaces. An example of this is with the fleet’s voyage planning and execution process, where our state-of-the-art monitoring system enables us to track individual tasks and steps and identify improvements to achieve opti-mization of performance.

Technology cannot be ignored in today’s environment. How does technology play its role along side the other compo-nents of the Aegean business strategy? Technological Change Management is equally important as having new technology itself. If you can’t effectively apply and integrate new technology then your return on investment is seriously jeopardized. So, starting from our newbuilding specifications as well as the review of retrofit requirements for our ships in-service, we have initiated and carried out a change management process which ex-amines, apart from all necessary regulatory and technical requirements, the overall feasibility analysis of applying technological developments, including the effects on the human element. This is not limited to additional training but also extends to the adaptation or changes to practices and processes that need to be implemented to be able to achieve the added value from the new technology. One main example of this is our company’s application of pio-neering IT systems both ashore and on our vessels. ASM’s Central Office Datacenter infrastructure is based on virtu-alized green computing technology by utilizing maximum resources, security and service availability with minimum energy consumption and a fully paperless information system. Through this, we can provide secure informa-tion exchange data eco-friendly services to end users and partners, including the utilization of modern technology against cyber-risks.

Aegean Shipping has been a pioneer in many areas, including its Green Fleet. Are you confident the future is promising?There have been a number of significant regulatory de-velopments over the past year, especially in the field of environmental legislation, which will mean that the indus-try will have to go through potentially complex changes; Ballast Water Management, Global Sulphur Cap and Mon-itoring, Reporting & Verification of Emissions are just a few of these which we need to assess and implement over the next two to three years. In view of this, the deployment of our “Green Fleet,” which is a modern and high-spec

series of vessels, with strong environmental credentials, will certainly be an advantage for us within the complex regulatory roadmap.

Looking ahead in the short-medium term, we do expect conditions to remain challenging for both the clean and dirty products sectors; therefore it is important to aim for differentiation as much as possible. The Green Fleet concept is initially being expanded with the delivery and addition of two Aframax Tanker newbuildings from Cosco Zhoushan in China next year, and we will continue to pur-sue market opportunities to enhance our company’s overall business performance.

Past experience, and especially recent developments within the global big picture, have shown us that we should always “expect the unexpected” and never rely on over-confidence. However, by integrating effective busi-ness planning with entrepreneurial instinct and investment in people, we aim to create a bright, successful, and sus-tainable future for Aegean Shipping Management.

Apostolos Poulovassilis

We firmly believe that strong business performance can only be achieved by having a strong safety and environmental performance


Talk to us a bit about your business and your area.We operate two service stations. The first one is located on the outskirts of Argostoli, the island's capital, while the second, the newest and smallest of the two, is located at a distance of 14 km from Argostoli, in the village of Vlahata. Vlahata is a beautiful village. A lot of tourists visit the village in the summer months. In the vicinity of the village, visitors can visit Lourdas beach, which is of exceptional beauty.

Talk to us about the services you pro-vide and your customer base. How long have you been operating this service station? We opened the service station in Vla-hata in the summer of 2016. We sell Ae-gean car fuel and lubricants, as well as heating oil. There’s also a mini market on the premises. At our other service station in Argostoli we also operate a car wash and a lubricants station.

The service station in Vlahata is new, fully renovated and stands out in the village. All locals love it.

As an added benefit to the locals we offer them the ability to pay their utility bills at our service station. So our shop is full of people every day!

Business is good all year round. In the winter we work with the locals, while the summer is our busiest season.

And how long have you been in the fuel business? Since 2006.

How long have you been collaborating with Aegean? We have been collaborating with Ae-gean for the past eleven years.

How did you come to the decision to join the Aegean retail network? What is your impression of your collabora-tion with Aegean so far? An associate of mine introduced me

to Aegean and Iakovos Melissanidis. My meeting with Mr. Melissanidis played a key role in my decision. It was the personal contact with Aege-an’s people that won me over. I felt that I could rely on our cooperation. Indeed, for the past eleven years we have not had a single problem in our dealings. Recently we renewed our contract for another five years.

Built in the southern part of the island on the main road that connects Argostoli, the capital of Kefalonia, with Poros, one of the largest ports in the southeast end of the island, Vlahata is one of the largest and most populous villages of Kefalonia. The picturesque village lies at the foot of Mount Enos at an altitude of 187 meters with an endless view of the Ionian Sea and northern Zakynthos.

VLAHATAKEFALONIA | 38.122735,20.625241

S T A T I O N S O F T H E M O N T H

Theophilos Mihalatos’ service station operates under the name Commercial Center Kokylia &

CO in the Vlahata region of Kefalonia. Mr. Theofilos spoke to Aegean News about his business.

Complete Customer Service Theofilos Mihalatos, Vlahata, Kefalonia

It was the personal contact with Aegean’s people that won me over. I felt that I could rely on our cooperation.

Mr. Mihalatos’ service station


Talk to us please about your business and your area.Our service station is located in the vicinity of the industrial area of Ioan-nina, and more specifically on the old Ioannina-Igoumenitsa highway.

We sell Aegean fuel and lubricants, as well as heating oil (we also cover distribution). There’s also a car wash, with both automatic and hand wash-ing available, and a coffee shop on the premises.

How long has this service station been in operation? Have you been in the fuel business for a long time? This service station has been in oper-ation since September 2015. We have been with Aegean since the begin-ning. My partner, Mr. Stavrou, and I operate a few more service stations in the wider area. We have been in this business since 2007. Before that we worked in fuel transport (since 2003). How did you choose Aegean? How did you come to the decision to join the Aegean service station network?Our choice was based on Aegean’s personable approacj and the personal contact we had with the company's people. The meeting we had with Iako-vos Melissanidis played a very big role. How is your collaboration with Aegean?We began collaborating with Aegean,

as I mentioned, about a year and a half ago. We have an extensive network of service stations in Eastern Greece that covers Ioannina, and part of Arta and Igoumenitsa. We work with Aegean in all our service stations. Our collabora-tion has been excellent.

Tell us a few words about your custom-er base.We have a steady clientele, twelve months a year. Our area is not popular with tourists.

How did your clientele respond to the

change you made and the Aegean brand in general?Aegean renovated our service station, renewing the equipment and the over-all image of the shop. Our customers know us and trust us and have had a personal relationship with us for years. But the very positive outcome and the renewal of their confidence (after the change) is a result of the very good cooperation we have with Aegean. De-spite the fact that we are amidst a peri-od of crisis, our service station is com-petitive and our network covers a large part of the market.

Excellent CollaborationEvangelos Stavrou, Vounoplagia

Mr. Stavrou’s service station operates under the name Stavros E. & Co. and is located in

the region of Vounoplagia, on the 5th kilometer of the old Ioannina-Igoumenitsa highway.

We talked with Mr. Stavrou’s associate, Dimitris Barkas, about their service station and

their experience working in the field of fuel.

Our choice was based on Aegean’s personable approach and the personal contact we had with the company's people

The service station of Mr. Stavrou

The Vounoplagia settlement belongs to the Municipality of Zitsa in the wider area of Ioannina. The village is built on the side of a mountain. The post-Byzantine church of Agios Dimitrios at the center of the village and the Byzantine church of the Virgin Mary just outside the settlement are of particular historic interest.

IOANNINA-IGOUMENITSA HIGHWAYVOUNOPLAGIA | 39.694570,20.793797


M A R I T I M E T R A D I T I O N

Seventy four modern Greek paint-ings complete this thematic exhi-bition with representative works

of Constantinos Volanakis, Vassilios Chatzis, Ioannis Altamouras, Constan-tinos Maleas, Nikolaos Lytras, Con-stantinos Parthenis, Michalis Econo-mou, Nikos Chadjikyriakos-Ghikas, Gerasimos Steris, Spyros Papaloukas, Thanos Tsigos, Paris Prekas, Panay-iotis Tetsis, Demosthenes Kokkinidis, Costas Tsoclis, Vassilis Theocharakis, Maria Filopoulou, Yiannis Adamakos, Thanasis Makris and Michalis Made-nis. All the works come from the col-lections of the Greek National Gallery and the E. Koutlidis Foundation, the Ministry of Culture, the Sotiris Felios’ Collection, and the B. & M. Theo-charakis Foundation. The exhibition follows a sequential evolution of the Greek seascape from the 19th to the 20th century and is divided into three sections, based on the morphological features that distinguish the works of art. This brief overview and the ref-erences to Greek artworks represent

an attempt to visualize the seascape evolution in modern Greek art. Mar-itime motifs exist throughout the history of Greek art, highlighting the crucial importance of the Aegean Sea in determining the Greek identity, and confirming Odysseas Elytis’ belief that the sea is the heir of Greek tradition.

The Director of the National Gal-lery, Alexandros Soutzos Museumand Professor Emeritus of History of Art, Marina Lambraki-Plaka, said: "The sea, along with marine subjects, prevail in the art which has flourished in Greece since 3000 BC—from the frescoes of Thera and Minoan Crete to pottery dec-orations featuring triremes, sailing ships or marine gods and heroes. Seascape painting survives in folk art during the long Ottoman occupation period before re-emerging along with the restoration of the Greek State following the War for Independence. The leading role of Greek sailors in the war, their bold operations at sea, as well as sea battles, would generate rich themes in the Greek ‘Munich School’ of painting."

The curator of the exhibition, Lam-prini Karakourti-Orfanopoulos, said: "’Para Thin Alos’: the phrase known from Homer’s Iliad, represents a gem of our linguistic tradition and simul-taneously takes us to the verbal rich-ness that we, Greeks, have created as a people, referring to the vast and mag-ical world of the sea. The sea in the Iliad, the archetypal and ancient sym-bol of human wandering and adven-ture, will identify with man’s journey, and will determine Greek culture and historical continuity. The theme of the exhibition, the sea, directly con-nected with the life of the Greek peo-ple, their history and experiences, ac-quires a symbolic role nowadays. For the visitor of the exhibition, it pres-ents a journey filled with Greek light and color, following all stages of sea-scape art from the mid 19th century to present time."

This past February the Minister of Culture, Lydia Koniordou, inaugurated the exhibition “Para

Thin Alos (meaning ‘By the Sea’ in ancient Greek): Seascapes in Modern Greek Art, from

the collections of the Greek National Gallery and the E. Koutlidis Foundation" at the B. & M.

Theocharakis Foundation for the Fine Arts and Music.

“Para Thin Alos”Seascapes in Modern Greek Art

We thank the B. & M. Theocharakis Foundation for the Fine Arts and Music for kindly providing the material for this article. For more information please visit the Institute’s website at www.thf.gr

Copenhagen Harbour, 1874. Ioannis Altamouras, Oil on canvas, 39X65 cm.National Gallery—Alexandros Soutzos Museum, E. Koutlidis Foundation Collection. No. 165

Hydra, 1918-1920, Konstantinos Parthenis, Oil and pencil on hardboard, 23X31 cm.National Gallery—Alexandros Soutzos Museum, No. 2636


PellaFilled with archaeological sites, Pella is an ancient city located

in Central Macedonia, best known as the historical capital

of the ancient Greek kingdom of Macedonia in the time of

Alexander the Great. The prefecture of Pella is considered a rich

archaeological region, of equal importance with Olympia in Ilia

and Delphi in Fokida.Must SeeThe Edessa Waterfalls Mountain water has chiseled the waterfalls in the city of Edessa in a unique geopark that the locals call "the city’s eyebrow." There are eleven waterfalls in total, two of which are quite large and offer visitors a unique glimpse into the power of na-ture, creating the myth of a “water city.”

Ancient Pella The town of Ancient Pella, which dates to 410BC, is the capital and sa-cred city of the wider geographical and histor-ical region of Macedonia. The archaeological site of Pella and the Macedonian tombs are especially impressive.

The Clock Tower in Giannitsa The famous clock tower of Giannitsa is located on Strand-jis Street and stands at a height of 25 me-ters. It is regarded as the oldest preserved tower in Greece.

The Mausoleum of Gazi Evren Gazi Evren, an important Bey and Ottoman commander, died on November 17, 1417 and was buried in this mausoleum, which later became a place of pilgrimage for Muslims.

Traditional Settlement of Palaios Agios Athanasios Built on the foothills of Mount Kaimaktsalan at 1200 meters, this traditional village is located very close to the Voras ski center. Visitors will certainly admire the tra-ditional residences of the village, which are interesting samples of traditional Macedonian architecture that perfectly blend into the nat-ural landscape.

Pozar Baths The Pozar natural mineral springs in the Loutraki region of the Pella prefecture (municipality of Almopia) have facilities to accommodate tourists who would like to enjoy therapeutic baths at a tempera-ture of 36°C.

T R A V E L W I T H A E G E A N

The prefecture of Pella belongs to the Region of Central Macedonia. The modern capital is the city of Edessa. Over the years the region’s morphological diversity, the unique natural environment as well

as human interventions, as reflected in the history, culture and tradition of the area, have established tourism as a key component of the development of Pella, which attracts a significant number of visitors every year.

A Rich HistoryThe most important archaeological site of Pella is undoubtedly the ancient capital of the Macedonian Kingdom of Pella. Ancient Pella is located in the vicinity of the modern capital of Macedonia and includes a huge excavated area of over 70,000 square meters. In the heart of the ancient city, around a large central agora, archaeologists have gradually revealed a complex of arcades and rows constructed in a grid-like pattern, where archives, the headquarters of the city's rulers, other public services and many workshops and shops used to be.

Aegean service station

I Protect the EnvironmentI Safeguard my FutureBy staying informed about what is happening in the world and by passing the information on to others, we are taking a significant step toward the protection of our planet.

• I BECOME INFORMED • I INFORM OTHERS• I ACT

CHILDREN AND THE ENVIRONMENT

30

Cyclades Life


Integrated Management

Marine Spatial Planning

Sustainable Fisheries

Development


The Cyclades Life “Integrated Monk Seal Conservation of Northern

Cyclades” program began in July 2013 and will conclude in June

2017. These past four years the “Cyclades Life” team attempted

to breathe new life into the environment of the Northern Cyclades

region. For the first time in Greece the team established a new

marine protected area aiming at the preservation of the natural

environment and promoting the sustainable development of local

communities through an integrated system and a highly participa-

tory process. The program focuses on the protection of the marine

environment of Gyaros and the promotion of sustainable fisheries

on the islands of Syros and Andros. The team conducted a wide

range of actions for the conservation of the marine protected area,

and the development and strengthening of new and traditional

social and economic structures on Andros and Syros involved in

fisheries, tourism and local government.

Objectives• Scientific study and conservation of the endangered Monk Seal

population in Gyaros

• Documentation and mapping of the unique marine biodiversity

of the broader area

• Promotion of alternative actions

• Promotion of the Northern Cyclades region

• Proposal of approporiate protection measures

• Sustainable development of the region as a whole

ActionsThe Cyclades Life program includes preparatory actions, marine

environment protection activities, monitoring actions, as well as

events, educational activities, practical workshops and seminars

directed at the local and scientific community and to all the key

authorities, encouraging their participation by supporting the Cy-

clades team’s efforts regarding political pressure and intervention.

The TeamThe Cyclades Life team enjoys the support of the Ministry of the

Environment, Energy and Climate Change, the Decentralized Ad-

ministration Authority of the Aegean, the Development Corpora-

tion of Local Authorities of Cyclades S.A, the Harokopio Universi-

ty, MOm/The Hellenic Society for the Study and Protection of the

Monk Seal, the Tethys Research Institute and WWF Greece, who is

the main coordinator of the program. The project has the financial

support of the EU instrument LIFE+ Nature and the Prince Albert

II of Monaco Foundation.

Source: http://cycladeslife.gr/

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Aegean’s websiteswww.aegeanoil.com | www.ampni.com | www.hec.gr

Aegean Energy for the FutureAegean is Greece's most dynamic energy, petroleum, and shipping group. The company has a network of retail gas stations throughout Greece, is active in marine fuels and lubricants, and operates a fleet of tankers and barges inter-nationally and domestically to transport petroleum and bunkers for its global base of clients.

RETAIL MARKETThrough its fast-growing network of gas stations, Aegean supplies drivers in Greece with gasoline and automotive lubricants. Aegean’s modern, well-maintained gas station network has won the trust of drivers due to the high quality products and services it offers at competitive prices. In addition, Aegean directly supplies large industrial clients with petroleum products of all grades, owing to the consistency and service of its transactions.

BUNKER FLEET NYSE listed Aegean Marine Petroleum Inc., with an exclusively double hull fleet—of which nine ships are newbuild-ings—is the natural supplier of marine fuels at 12 of the most significant ports in the world. Furthermore, with its 22 newbuildings program in progress and the continuous opening of new stations, it is one of the most dynamically developing divisions Of the Aegean Group.

BUNKERING Aegean provides one of the most efficient and responsive bunkering services to clients worldwide. Its ships never stop sailing and its services are available 24 hours a day, 365 days a year. Aegean operates bunkering stations in Pirae-us and Patras, and in Gibraltar, Amsterdam-Rotterdam-Antwerp, Fujairah, Jamaica, Singapore, Trinidad & Tobago, Vancouver and Montreal, Mexico, Tangiers, Canary Islands, Baltimore, Philadelphia, New York, Norfolk, Charleston, Los Angeles and Long Beach, Hamburg, the Gulf of Mexico, St. Petersburg, South Africa and Brazil. All its products are ISO 8217 certified. The Company, which is a member of IBIA and is ISO 9001 certified, is well positioned on the FOBAS White List.

SHIPPINGAegean's fleet of ships is at the heart of its superior service worldwide. Its vessels operate in full compliance with EU and international standards, are all certified by ISM, ISPS and MLC as well as with ISO 9001, 14001, 18001 and 50001 and are in complete compliance with SOLAS and MARPOL regulations. Aegean continually adds to its fleet of ships, which transports oil cargoes worldwide on behalf of major oil companies, commercial clients, and Aegean customers. Its new GreenFleet (http://www.green-fleet.gr) incorporates the latest technologies to ensure reduced operating costs and reduced emissions, while increasing overall performance.

LUBRICANTSAegean produces and markets high performance lubricants for vehicles and industrial use under the Aegean brand and, for the marine market, under the ALFA brand. ALFA marine lubricants are certified and approved by the largest marine engine manufacturers in the world.The resources of our company and our follow–up service create our success-ful relationships and allow Aegean to supply lubricants in more than 550 ports worldwide.

ENVIRONMENT-HECThe Hellenic Environmental Center collects, transports and processes oil residues from ships and land units (industrial, shipyards), while it also manages all liquid resi-dues produced by ships. In order to carry out its work HEC has the most state-of-the-art equipment, consisting of floating separators, a fleet of pollutant-collecting tankers, and well-equipped tank trucks.HEC acts to protect the marine environment and at the same time contributes significantly to the saving of energy with the recycling procedures it uses to transform the reclaimed pollutants into energy resources.

TRADINGAegean is dynamically active in the trading of crude oil and petroleum products worldwide. The Trading Department is comprised of dedicated and professional individuals who combine high level expertise and a great many years of experience in the oil industry. Petroleum products are supplied to a broad spectrum of customers who comprise the company's portfolio. Aegean has acquired its credibility from the high quality of the services it provides to suppliers and ship owners, a fact that supports the company’s ambitions for the achievement of long-range goals in the energy sector worldwide.

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