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Aegean Oil Αmong Fortune's

Most Admired Companies 2017

Aegean Shipping

Management Further Develops

its GreenShip Standards

AMPNINew Cooperation

Agreement with Freepoint Commodities

PlusFlows and CurrentsTravel with Aegean

Aegean NewsAUTUMN 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

Womenof Aegean

AUTUMN 2017 AEGEAN NEWS 1

Women ForwardIn recent years, women have made incredible gains in professional and public life. With more female repre-sentation in key positions in government and business and more women participating in the workforce than ever before, there is no room for doubt about the tide of change that is transforming older, outdated prejudices

and opening up an increasing number of opportunities for women around the world. Stereotypes of women as housewives dedicating their lives to running the household are giving way to the modern, the contemporary woman: driv-en, ambitious, ready to take on the professional world while balancing career and family. After decades of struggle by women’s right activists and millions of working women unequivocally proving their talent, ability and potential, women today are closer than ever to achieving occupational and income equal-ity. But there is still a long way to go.

Aegean fully recognizes the fundamental role of women as the cornerstone of a healthy society as well as the value of women’s participation in the workforce. Since its establishment, Aegean has welcomed talented women among its staff, working to ensure a dynamic workplace that operates on the core values of fair-ness, respect and equality and rewards driven and hard-working individuals.

Operating in a fast-paced, complex industry, Aegean has time and time again proven its strength, resilience and perseverance. With its astute under-standing of the rules of the market, and building on good strategy, foresight and its strong propensity for innovation, Aegean has gone from small local business to being one of the top players in its field, with a leading role in global commerce. This extraordinary feat was made possible thanks to Aegean’s peo-ple, the team of highly-skilled women and men who are the company’s vital force. Fully trusting in women’s capacity to excel in the workplace, Aegean employs women in key positions across departments from Environmental Ser-vices to Shipping, LNG, Lubricants, and Sales.

Aegean’s impressive growth has been made possible thanks to its ability to look at both the details and the big picture. And a strong, empowered female workforce is fundamental to a stronger economy and a stronger society.

For us, it’s simple: Investing in women is investing in the future.

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. AEGEAN MARINE PETROLEUM is the market leader in bunkering.

Agency ServicesShips from around the world rely on AEGEAN AGENCY services at Piraeus, Gibraltar, Fujairah, and Jamaica, from loading and dis-charging, 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

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14 In light of new environmental challenges Aegean Shipping Management further develops its GreenShip standards

9 During the Most Admired Companies in Greece 2017 award ceremony Aegean Oil was honored with second place

18 Seven women of Aegean talk about their lives, the people that inspire them and the challenges they face

contents

Autumn 2017Aegean News is published quarterly by AEGEAN

PUBLISHER & MANAGING EDITOR Alexandra Loli

CONTRIBUTING EDITOR T.C. Lowrie

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.

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Please Recycle

4 ΑΕGEAN UPDATE

9 RETAIL Aegean Oil Αmong Fortune's

Most Admired Companies 2017

10 BUNKERING Aegean Ports of Call—

Gibraltar and Jamaica

12 FLOWS AND CURRENTS Trends and News in the Oil

and Energy Fields

14 AEGEAN SHIPPPING Aegean Shipping Management

Further Develops its GreenShip Standards

in Light of New Environmental Challenges

18 THE AEGEAN FAMILY Women of Aegean

27 BUNKERING New Cooperation Agreement with Freepoint

Commodities LLC

28 STATIONS OF THE MONTH • Anastasios Ioannidis, Skydra • Kostas and Dimitris Tsakalis, Paleros

30 MARITIME TRADITION The Greek Shipping Hall of Fame

31 TRAVEL WITH ΑEGEAN Porto Rafti

32 ΑEGEAN

Energy for the Future

AEGEANMARINEPETROLEUM

4 AEGEAN NEWS AUTUMN 2017

Aegean at the CARILEC Engineering Conference Aegean had a strong presence at the 2017 CARILEC Engineering Conference held in Jamai-

ca's Montego Bay with more than 250 participants.

CARILEC (Caribbean Electric Utility Services Corporation) is the association of electricity

production and distribution companies, suppliers, manufacturers and carriers active in the

Caribbean, in Central and South America and around the world. Headquartered in St. Lucia,

CARILEC organizes events to keep its members informed on various industry-related topics.

Such events include meetings where CARILEC member companies are present, as well as

seminars on the future of alternative energy sources. CARILEC is also the main organizer of

exhibitions in the Caribbean region for manufacturers wishing to present their products to

electricity providers.

Titled “Re-Engineering our Energy Future: Utility in a Disruptive Age,” the conference focused

on the potential of the technologies and business models currently affecting global electricity

production worldwide and particularly in the Caribbean. Some of the main issues of interest

to utilities were the launch of Smart Grids networks, LNG electricity, and new energy storage

technologies, as well as the presentation of technological leaders who affect the global elec-

tricity production and distribution market with their technological breakthroughs in the field

of renewable energy, battery optimization, and electrification.

In line with the theme of the conference, Aegean was part of the "Utility in a Disruptive Age"

program, presenting an innovative business model that showcases the advantage of collabo-

rating with Aegean as the main supplier of lubricants, thus improving the services and value

of the lubricants it offers in the area. Aegean's main customer for over a year, Barbados Light

and Power Company, who had a presence at the event, spoke favorably of the cooperation

with Aegean as a major lubricant supplier.

With its participation in this conference, Aegean gained a strong presence in the Caribbean

electricity production community and strengthened its ties with key electricity customers,

with the direct result of participating in new lubricant supply competitions. These are impor-

tant steps in the introduction of Aegean lubricants in the Caribbean region.

Major manufacturers such as Wärtsilä and MAN, who have certified Aegean's lubricants,

were also present at CARILEC 2017. In addition, electricity companies from Anguilla,

Antigua and Barbuda, Jamaica, Bermuda, Sint Maarten, and the Cayman Islands, among

others, were introduced to Aegean and expressed interest in Aegean as a candidate sup-

plier of lubricants.

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

The Naval Vessel Admiral Didiez Burgos Visits the Aegean PierAegean Bunkering (Jam) Ltd.

welcomed the Dominican Republic’s

Admiral Didiez Burgos ARD Naval

Patrol Vessel at Aegean’s Pier in

Kingston Jamaica. The Embassy of

the Dominican Republic invited the

vessel’s crew for a three-day stay

(July 10-12, 2017), which was filled

with various activities including a

rousing welcome by a marching band

and an evening cocktail party with

distinguished guests.

Colonel Juan B. Crisostomo Martinez, Head of Mission with the Dominican Republic Naval Ship; Dr. Jose Ares, Ambassador of the Dominican Republic in Jamaica and Dean of the Diplomatic Corps; Patricia Evering, Director of Protocol at the Ministry of Foreign Affairs and Foreign Trade of Jamaica, Captain Mac Donal Belliard, Captain of the frigate


New EmployeesThe following employees have joined

the Aegean work force.

MELCO Charalambos Vryonis Kyriakos Manolakas

AEGEAN WAREHOUSES Christos Hadjisavvas

AEGEAN OIL Konstantinos Koutroulis

OIL ONE Spyridon Raptis Konstantinos Peppas Alexios Cizo George Athanassoulas Nicholaos Dintas

Aegean News for iPad in Top 5 GloballyDid you know that the Aegean News iPad edition app is an award-winning digital

application?

Did you know that it is among the Top 5 magazines in its category on the App

Store? Globally?

That’s right. Our company magazine has been recognized as one of the best of its

kind—and among the most popular in the world.

Download the Aegean News for iPad app today, and share it with your colleagues

and friends around the world.

The SEEPE event at Zappeion

On October 3, the Hellenic Petroleum Marketing Companies Association (SEEPE) celebrated 40

years of continuous support to the Greek economy with government departments and agencies

of the petroleum sector, with a call for determination and coordination to reorganize the market.

The event took place at Zappeion Hall, with guests that included government officials, represen-

tatives from various political parties and the business world, journalists, industry leaders, and

member companies. Aegean, a member of SEEPE, was present at the event.

Minister of Economy and Development Dimitris Papadimitriou and former Minister of Econ-

omy and Development of New Democracy Dora Bakoyanni spoke on behalf of the State.

SEEPE President Yannis Alegyzakis referred in detail to the role of SEEPE, its contribution

to society, and its full support to the State in resolving the serious problems of the sector.

SEEPE Vice-President Roberto Karachanas, in his greeting, went briefly through the asso-

ciation’s history, pointing out that “Our Association was and is actively present, operating

consistently and responsibly.”

SEΕPE Celebrates 40 Years

Logging OnCustomers and associates may log on at: www.aegeanoil.comCustomers and associates of Aegean Marine Petroleum may log on at: www.ampni.com


Aegean Shipping Enters Dry Bulk Sector Aegean Shipping Management S.A. announced on September 4, 2017 the signing of a new

building order of a series of 4+2+2 82,000 dwt 'Kamsarmax' Bulk Carriers to be construct-

ed at Cosco Shipping Heavy Industry Co. Ltd, Cosco Zhoushan shipyard, with deliveries

scheduled for the second half of 2019 onwards.

This marks the first move of Aegean Shipping Management into the dry bulk sector and will

coincide with the creation of the spin-off Aegean Shipping Dry Bulk.

Announcing the order, Company Chairman George Melissanidis stressed: "We decided to move

into the dry bulk sector now as an investment, taking advantage of the historically low asset

price levels, combined with our belief that this sector is on its way to a sustainable recovery by

2018/19. We believe this is the right time to enter and we are very happy to be collaborating

with our partners at Cosco Shipping in this exciting new venture for Aegean Shipping Manage-

ment. I am convinced that the Dry Bulk development will prove a great success."

This bulk carrier order will see the ships being delivered at a time when most industry anal-

yses show the dry cargo sector to have recovered to long-term sustainable average rates as

there will have been an increase in trade and we will have had more scrapping.

Company CEO, Apostolos Poulovassilis stressed: "This is a very significant newbuilding

order for us and it is firmly aligned with our diversification and fleet expansion strategy via

modern and efficient vessels. The specification for these vessels has been jointly developed

with the yard and designers, COSCO and SDARI, and has been enhanced in accordance with

our Company's Green Fleet standards in order to meet and exceed industry demand require-

ments for this ship type.

Swem Sun, Director, Cosco Shipyard Group Commercial Headquarters; George Melissanidis; and Zhou Jianhua, Managing Director, Cosco (Zhousan) Shipyard Co. Ltd

George Melissanidis and Swem Sun, Director, Cosco Shipyard Group Commercial Headquarters

The Cosco Shipping and Aegean Shipping Management teams


Petroleum Tournament 2017The latest petroleum tournament took place on September 18 – October 13, 2016 between several industry com-panies at the Halandri Tennis Club, at Koza Sports, Deree and “Andreas Papandreou” Stadium in Peristeri. Aegean won in the following categories: 1. Volleyball - 2nd place: P. Ioannidis,

A. Pavlakis, S. Vradis, L. Aslanoglou, I. Sideris, G. Panos and A. Liapis.

2. Men's tennis, singles (2nd chance) final: A. Liapis

3. Men's tennis, singles: 6th place: G. Ziglis 17th place: X. Kechris 30th place: A. Liapis 41st place: P. Hatzidimitriou

4. Tennis double: 11th place: L. Aslanoglou and A. Liapis

5. Basket 3x3: 5th place: O. Georgiopoulos, N. Pippos, I. Galanos and S. Mastrakoulis 9th place: N. Tokatloglou, A. Thomoglou, D. Papadogonas and T. Troupis 10th place: K. Prearis, N. Rigos, I. Sideris and A. Liapis 11th place: S. Vradis, G. Panos, G. Hatzipanagiotou and A. Topalidis 12th place: L. Aslanoglou, L. Broumas, M. Angelis and B. Vedran

6. Table Tennis: 5th place: D. Panagopoulos 9th place: G. Spithouris 13th place: Z. Kyrbeis 17th place: P. Nikokyris 18th place: A. Liapis

Aegean, Avin, BP, Chevron, Coral, Eko, Greek Petroleum, Greek Fuels, Elinoil, Mamidoil - Jetoil, Revoil, Motor Oil, Shell & MOH, Silk Oil and Petrogaz participated in the tournament.We thank all our colleagues who par-ticipated in the tournament, worthily representing our company. We con-gratulate them and wish that Aegean always comes back a winner!


The Gulf Intelligence Energy Markets Forum 2017 The 7th Gulf Intelligence Energy Markets Forum titled “The Gulf Energy Sector Accelerates:

Retooling for the 21st Century: How to Best Meet Opportunities & Challenges Presented by

Asia’s Competitive Appetite & Growth?“ was held on September 19, 2017, at Novotel Hotel

Fujairah, UAE.

The annual forum serves as a vehicle for industry leaders, senior executives, managers, and

Fujairah government officials under the categories of Trading, Ports and Shipping, Storage and

Refining. It provides a platform for them to gather invaluable insights and exchange knowledge

and explore forward-looking trends relevant to the challenges faced by the energy sector and

how to strengthen the ties between countries in Asia, Africa and the Middle East.

Aegean, which was one of the forum’s supporting partners, was represented by Sherin Sherif

and Hany Saad and our Dubai Trading Team; Aegean Oil Terminal Customer Service Manager

Tamer Marei, and General Manager of Aegean Fujairah George Moustakas.

On September 18, on the eve of the Energy Markets Forum, “The New Silk Road CEO of the

Year 2017 Awards” was produced by the Gulf Intelligence on behalf of the Government of

Fujairah, which recognized the distinguished Energy Leaders with an outstanding record

of achievement in the advancement of International Energy Industry and Interconnectivity

across the South-South Corridor.

The awards were presented by His Highness Sheikh Saleh Bin Mohammed Bin Hamad Al

Sharqi, Chairman of the Department of Industry and Economy of, Fujairah.

Jonathan Mcilroy, President of Aegean Marine Petroleum Network Inc., and George Moustakas,

General Manager of Aegean Fujairah, were among the invited guests of the inaugural event.

Real Admiral Peter Brady, Director General, Maritime Authority of Jamaica

The Maritime Authority of Jamaica 16th anniversary event

The Maritime Authority of Jamaica 16th Anniversary Aegean Bunkering (Jam) Ltd. is again

proud to support the endeavors of

The Maritime Authority of Jamaica,

this time as they celebrate their

16th anniversary and award function

at the Terra Nova All-Suite Hotel.

The evening of September 6,

2017 saw a rich mix of maritime

workers and personalities sharing

in celebration not only in the

achievements of the organization,

but also in honoring and appreciating

the employees for their years of

service and key input to the industry.

Capt. Naveed Azad, Senior Asst. Terminal Manager, POF; George Moustakas; Dr. Salem Abdo Khalil, Technical Advisor, Government of Fujairah; Paul Himsworth, Managing Director, Vitol Dubai Limited; Sherine Sherif; and Hany Saad

George Moustakas; Capt. Mousa Morad, General Manager, POF; and Jonathan Mcilroy



The American Express Party at the Aegean HeadquartersOn September 27, American Express hosted the Greek Shipping community for a beautiful event held at Aegean’s headquarters in Piraeus. During the event, American Ex-press unveiled an innovative financial solution designed specifically for bunker fuels. American Express has part-nered with ClearLynx to offer supply chain finance solu-tions to the maritime industry by accelerating payments to suppliers and extending payment windows for buyers. Amex's payment integration into the ClearLynx platform has allowed buyers of bunkers to benefit from balance sheet neutral financing and many other procurement relat-ed enhancements in operations, compliance and reporting. Both parties have listened to the industry’s needs and are able to provide payment solutions for cargoes, not only bunkers, as well as Panama Canal tolls eliminating manual process. Forward thinking is powerful!

Mitchell Karp, Clearlynx; Jonathan Mcilroy, Aegean; Tammi Ingannamorte, Clearlynx; Guillermo Brenes, Amex; and Tugrul Topaloglu, Amex

The American Express party

Unveiling of the Βust of Nikolaos Tsigaropoulos

On October 1, the unveiling of the bust of Nikolaos Tsiga-

ropoulos, a hero who was killed at the age of 22 while fighting

against the Turkish invaders in Cyprus in August 1974, took

place at Elafos, Pieria.

Aegean’s founder, Dimitris Melissanidis, who donated the bust,

and Mayor of Katerini Savvas Hionidis unveiled the statue. A

memorial ceremony followed led by Metropolitan Kitrous, Kate-

rinis & Platamonos Georgios and a speech by Hellenic Airforce

Major General Spyridon Dellis, commander of Nikolaos Tsiga-

ropoulos in Cyprus, attended by Mrs. Olympia Tsigaropoulou,

mother of the fallen soldier.

Mr. Melissanidis, Mr. Hionidis, Major General Dellis, Hellenic

Airforce Lieutenant General Nikolaos Samson, the President of

the Local Community of Elafos Ioannis Adamopoulos, relatives

and friends of Nikolaos Tsigaropoulos, as well as residents of

the Local Unity of Elafos presented wreaths. Members of Parlia-

ment Charilaos Tzamaklis and Asterios Kastoris, as well as writ-

er-publisher Savvas Kalenteridis, writer Tasos Kontogiannidis,

representatives of local authorities, bodies and associations,

and a crowd of people also attended the memorial service.

At the end of the ceremony, the Elafos choir performed two

traditional songs. The first one told the story of a mother expe-

riencing the loss of her child and the second one was a Pontian

song about peace. Children from the local cultural club attended

the event, while the reception was held at the Holy Church of the

Assumption of the Virgin Mary reception hall.

Dimitris Melissanidis and Mayor of Katerini Savvas Chionidesreveal the bust of Nikolaos Tsigaropoulos


Iakovos Melissanidis, Fortune Director Anastasia Parentzoglou, Olive Media Commercial Manager Nassia Sakellariou and Antonis Papadakis

Iakovos Melissanidis and Vera Melissanidou

R E T A I L

The Most Admired Companies in Greece 2017 award ceremony took place in Athens on

September 28. Aegean Oil was honored with second place among the 270 companies

that participated.

Aegean Oil Αmong Fortune's Most Admired Companies 2017

The Most Admired Companies in Greece 2017 is the largest corpo-rate reputation survey, conducted by Time's Fortune magazine in collaboration with KPMG.

The Managing Editor of Time's Fortune magazine, Greek edition, An-astasia Parentzoglou, presented the award to Iakovos Melissanidis. Mr. Melissanidis said: "This distinction is very important to Aegean. It comes as a reward for our upward trajectory and continuously growing business. The award also creates a greater commitment to the continuous effort to deliver high quality and innovative products and services."

Representatives of the business community attended the event. Iako-vos Melissanidis, George Melissanidis, Vera Melissanidou, the CEO of Aegean Oil Antonis Papadakis, General Manager Kostas Poursanidis and Commercial Director John Komninos represented Aegean.

Following the award ceremony, Fortune magazine hosted a dinner at the Ecali Club.


Aegean Ports of Call

Gibraltar National Day

Aegean 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 Gibraltar and Jamaica.

Fabian Picardo, Gibraltar Chief Minister

New Role for Commodore Bob SanguinettiIn the three years since becoming CEO of the Gibraltar Port Authority, Commodore Bob Sanguinetti has made a number of improvements in various areas and has increased bunker volumes as well as other business activities at the port. He has also held various conferences and presentations that have enhanced Gibraltar’s standing as one of the world’s key shipping hubs, alongside Singapore, Hong Kong, New York, Athens, London, Rotterdam, and Hamburg.In recognition of Sanguinetti’s successful track record at the Port Authority, Chief Minister Fabian Picardo has offered him the opportunity to work with him, in a strategic role that builds on the progress made to date. Sanguinetti will be in contact with various shipping companies in order to obtain information and expertise to maximize the impact of his new role.

B U N K E R I N G

Just like every year on September 10, Gibraltar’s Casemates Square trans-formed into a sea of red and white, with over 3,000 people attending to hear the traditional SDGG political rally. This year, the event was of even greater significance as it marked the 50th anniversary of the 1967 referendum that saw an overwhelming majority of Gibraltarians vote to remain British.British Prime Minister Theresa May addressed the crowds in a recorded video message that was broadcast on the main stage during this special oc-casion. She referred to the current Brexit situation and said that the United Kingdom would stand by Gibraltar for as long as Gibraltarians wished to remain British, reaffirming the double lock sovereignty commitment. Speaking about the 1967 referendum, the Prime Minister said, “On that day you made a choice, voting almost unanimously to remain British, and it is right that we celebrate that choice today, 50 years on, at a time when Gibraltar and the UK are closer than ever before.” She went on to say that Britain “will resolutely safeguard Gibraltar, its people and its economy, and Gibraltar will remain British for as long as it wishes to do so.”The celebrations ended with a series of spectacles, including blasts of confetti and red and white smoke, fireworks, and petals dropped from a helicopter.


World Maritime Day, on September 28, marked the transition of the Ca-ribbean Maritime Institute to univer-sity status under the name Caribbean Maritime University (CMU). The 37-year-old institution celebrated its charter day with an array of activities that included the appointment of the university’s first chancellor, president, and vice president, as well as festiv-ities that included marching bands, choir music, a hoisting of the flag ceremony, and a fireworks display, all topped off with an extravagant cock-tail event. The charter day ceremony was attended by prime ministers, dignitaries, students, staff, sponsors, and friends of CMU. The remarkable visionary leadership of CMU Pres-ident Professor Fritz Pinnock has

earned the institution international recognition and local prominence as the only university of its kind in the English-speaking Caribbean.Recognized by the International Mari-time Organization (IMO), CMU is looking to a future of academic and maritime excellence, taking charge of the wave of innovation, technology and market opportunities afforded them. CMU has also managed to net-work with key shipping industry play-ers in a series of partnerships aiming to develop highly efficient and special-ized human resources for the sector. As a specialized maritime university, CMU is organized into several facul-ties, schools and centers, with a focus on areas that include: Marine Biotech-nology, Logistics and Supply Chain

Management, Nautical Studies, Engi-neering in Mechatronics, Automation, 3D Printing and Additive Engineering Manufacturing, Industrial Systems, Shipping and Logistics, Custom Pro-cesses, and Marine Engineering and Security. The university now enjoys the unique status of being the only in-ternationally recognized maritime ed-ucation and training institution in the English-speaking Caribbean. It is also the only tertiary education institution that is ISO 9001:2015 certified and boasts accreditations from across the globe, including North America and Europe. With a 5,000-strong student population, CMU is also the first spe-cialized public university in the region and the first in Jamaica to enjoy inter-national recognition.

Caribbean Maritime University

CMU logo burnout Cadets marching

Distinguished guests on platform The President of Jamaica, the Honorable Andrew Michael Holness


Finland Opens World’s First Open Test Area for Autonomous Ships

Jaakonmeri Test Area, the first glob-ally open test area for autonomous shipping projects—maritime traffic, vessels, or technologies related to it—has been opened in Finland. It is managed and controlled by DIMECC, the co-creation company that is also

leading the One Sea – Autonomous Maritime Ecosystem and is located outside the municipality of Eurajoki. The open water area will provide opportunities to also test in ice conditions during the winter and will boast excellent data connectivity. Extensive testing is a prerequisite for safe and successful autonomous traffic, and a crucial step in the roadmaps generated in One Sea, so making this test area available to all parties developing maritime autonomy will speed up the process globally and will enable proof of concept for commercial applications in this field. DIMECC is already in discussions about the first tests, which are set to commence in the spring of 2018. Founded in 2016, the One Sea ecosystem represents innovative co-creation where global leaders from different industries work together to reach their joint goal of autonomous traffic. Its founding partners are ABB, Cargotec (MacGregor and Kalmar), Ericsson, Meyer Turku, Rolls-Royce, Tieto, and Wärtsilä. Source: worldmaritimenews.com

Norway and California Join Forces to Meet Zero Emission GoalsThe Norwegian Maritime Authority

and the U.S. state of California

have signed an environmental

agreement on green shipping

and cooperating toward zero

emission goals. “The deal with

California provides opportunities

for Norway. We have a lot to

contribute in terms of green

shipping, green data centers, and

climate-friendly production,” said

Norwegian Minister of Climate and

Environment Vidar Helgesen.

At a seminar organized by the San

Francisco Port Authority, Lasse

Karlsen, Technical Director of the

Norwegian Maritime Authority, who

was also part of the Norwegian

delegation, spoke about green

shipping and presented the NMA’s

work with various zero emissions

projects, including the battery-

powered ferry Ampere, as well

as with projects for developing

hydrogen-powered vessels.

“Norway’s objective to become a

green competitor and to develop

new and environmentally friendly

technology will, however, also

require international cooperation,”

Helgesen said, pointing to the

country’s ambitious environmental

objectives for 2030 and 2050,

including zero emissions in the

transportation sector. “Closer

cooperation with California will

contribute to the fulfilment of

these objectives,” he concluded.

Source: worldmaritimenews.com

Ships in Canada Told to Slow Down to Prevent Whale DeathsThe Canadian government has put into effect a temporary mandatory slowdown for vessels of

20 meters or more in length in a bid to prevent further whale deaths in the Gulf of St. Lawrence.

Vessels traveling in the western part of the gulf from the Quebec north shore to just north of

Prince Edward Island, are now required to reduce their speed to a maximum of 10 knots. “The

recent deaths of several North Atlantic right whales in the Gulf of St. Lawrence are extremely

concerning… Our government has already taken action and will continue to ensure that mea-

sures are in place for the protection of this species and the safety of mariners using these

waters,” read a statement issued by Canadian Minister of Transport Marc Garneau and Minister

of Fisheries, Oceans and the Canadian Coast Guard Dominic LeBlanc. The statement said mea-

sures would be in effect until the whales migrated from the areas of concern, and that fines of

up to CAD 25,000 would await those found not in compliance with the measure. The Canadian

government has already invested CAD 1.5 billion in its Oceans Protection Plan.

Source: worldmaritimenews.com

F L O W S & C U R R E N T S


Increased Tanker Orders in Q2 2017Attractive asset prices in Q2 2017 resulted in orders placed for 32 product tankers worldwide: 10 Handysize vessels, 22 Middle Range (MR) tankers, and 18 Long Range (LR) 2 vessels, corresponding to 2.4% of the product tanker fleet. The crude order book recorded an intake of 17 Very Large Crude Car-riers (VLCC), 2% of the segment’s order book. Total ordering in tankers has been 15 million DWT so far in 2017, which is significantly more than in 2016.With respect to earnings, so far this year the MR product tanker segment has fared the best, with spot rates above those for both LR1s and LR2s. Overall, strong vessel deliveries over the past year have kept tanker earnings at bay across the board.Meanwhile, BIMCO’s data shows that 1.3 million DWT of crude oil tanker capacity was sent to scrapyards during Q1 and Q2 2017, on track for the expected demolished capacity of 9 million for the full year. Eight crude oil tankers were sent for demolition during this period, including two VLCCs, two Suezmax, three Aframax, and one Panamax, which is a good sign when compared to last year’s total of nine crude oil tankers.Source: worldmaritimenews.com

Lloyd's Register Joins Quadriga ProjectUK-based maritime classification society Lloyd’s Register (LR) has joined the Quadriga sus-

tainable shipping project, an initiative from Hamburg-based Sailing Cargo, which aims to build

the world’s biggest sailing cargo ship: a 170-meter car carrier, with a capacity of up to 2,000

cars. The vessel will be equipped with four DynaRig masts and will operate on hybrid propul-

sion, using both sails and diesel-electric engines, as well as an optional battery system for

peak loads. It will be capable of sailing at 10-12 knots, with plans for reaching 14-16 knots

in the next few years through combined expertise. LR will consult and supervise during the

design, specification, and new construction stages, to help ensure compliance with technical,

safety, and environmental standards, and will verify whether predicted performance parame-

ters have been achieved, upon completion of the project.

Source: www.lr.org

PPA Perama Docks in Full Operation Repairs to floating dock Piraeus I

in Perama were successfully completed

this summer, and all four existing

docks are now back in full operation.

A new floating dock is expected to

begin operations in November 2017,

with a carrying capacity of 80,000

tons, length of 240m, inner breadth

of 35m, lifting capacity of 22,000

tons, and full crane equipment.

The new floating dock supplements

the existing infrastructure of the

Perama Ship Repair Zone, aiming

to attract more ships from across

the wider Mediterranean region.

It will also provide a boost to the Zone

by creating a number of new jobs.

The existing docks featuring full crane

equipment:

• Piraeus I floating dock: carrying

capacity up to 40,000 tons,

202m long, 31m inner breadth,

and lifting capacity of 15,000 tons

• Piraeus II floating dock: carrying

capacity up to 7,000 tons,

113m long, 18.5m inner breadth,

and lifting capacity of 4,000 tons

• Large dry dock in Akti Vasiliadi:

carrying capacity up to 15,000 tons,

150m long, and 21m inner breadth

• Small dry dock in Akti Vasiliadi:

carrying capacity up to 3,000

tons, 90m long, and 13.5m inner

breadth

Source: olp.gr


A E G E A N S H I P P I N G

Aegean Shipping Management Further Develops its GreenShip Standards In Light of New Environmental ChallengesAPOSTOLOS POULOVASSILIS | CEO OF AEGEAN SHIPPING MANAGEMENT

Ship owners and operators and the complete shipping industry in general are facing a number of

overwhelming challenges in the coming months and years. Having to deal with a continuously

difficult business environment for most sectors amidst a sluggish world economic recovery is

bad enough but shipping is also facing increasing complexity around a number of significant

environmental regulatory changes on the horizon.

Hotel IncineratorGarbageSewageOzone Depletion

NavigationEnergy Management

PropulsionDischarges to AirEnergy ManagementNoise

Engine RoomDischarges to WaterDischarges to Air

Bunkering Discharges to Water


The new regulations pose a series of questions and choices that shipowners will have to address

firstly for compliance purposes, but also in terms of efficiency and effectiveness of the solutions within each company's overall commercial and operational framework. Each individual aspect of the forthcoming regulations has been well documented and analyzed in terms of key factors, timelines and impacts of the possible choices and technologies available (Fig. 1).

However, it is the overall or holistic impact that is of paramount signifi-cance for companies to fully under-stand, assess and act upon in order to ensure that, not only a short-term compliance is achieved, but more importantly an integrated solution for providing medium and longer term benefits towards a commercial advan-tage is the key.

In other words we need to be balanc-ing short-term urgent matters with me-dium term opportunities and threats in order to gain benefits from taking the right actions now based on the predict-ability of the medium term future.

To this effect, Aegean Shipping Management has been analyzing a number of scenarios for our medium to long term planning and determin-ing the strategic environmental ini-tiatives that we believe will provide us with the greater rewards or return on investment over a period of time.

These proactive initiatives have resulted in an enhanced set of Green Ship criteria, including additional ECO notations which are applied from design, construction, operation to recycling thus demonstrating our com-mitment to running an environmen-tally sound and sustainable business well beyond regulatory requirements.

Generic criteria incorporated in the design and specifications of all our new vessels reflect on economically sound, operational excellence, and enhanced safety and environmental protection including the following key elements of Environmental and Energy Management (Fig. 2):

• Review of Company Environmental and Energy Management Policy

• Systematic identification and anal-ysis of key environmental aspects/impacts and their interactions

• Energy efficiency optimization• Waste management• Fuel management• Ballast water management • Materials control and recycling• Development projects for new/novel

technologies • Fleet Environmental and Energy

Management benchmarking

Cargo OperationsDischarges to WaterBallast WaterDischarges to Air

HullRecyclingCoatings

Ship Activities and Environmental Impacts

Figure 1


Ballast Water Convention

enters into force

Environmental Regulation TimelineFigure 2

EU MRV certification

comes into force

IMO Fuel oil consumption

data collection system

reporting + SEEMP update

EEDI Phase 2

IMO 0.5% global sulphur

limit outside ECAs

EU MRV reporting becomes

mandatory in EU ports

A E G E A N S H I P P I N G

Specific Criteria

Discharges to Water• Vessel equipment with extra Grey water holding tank accompanied with

ECO (GW) class notation• Even more strict limitation at 5 ppm bilge water disposal at sea from MAR-

POL regulation standards accompanied with ECO (OW) class notation• Integrated Bilge Water Treatment System (IBTS)• Equip with new Ballast Water Management System approved by IMO &

USCG exceeding class/statutory requirements for Flow Through and Treat-ment Methods: notation BWMP (F,T)

• New tail shaft oil seal interface prevents oil pollution in case of accident• Protected oil tanks• Optimization of Waste Generation and Management on board• Enhanced Incinerator Specification

Discharges to Air• All machinery equipment can op-

erate with all distillate fuel features and comply with additional class ECO notation requirements

• Option for fitting scrubbers for Sox limits compliance has been provided on new buildings with a "Scrubber-ready" notation

• Nox emission control applied to Main Engines

• Volatile Organic Compound (VOC) management

2017

2018

2019

2020


Energy & Emissions Management• Mew modern propulsion plant with a combination propeller & energy sav-

ing devices ensures even higher propulsion efficiency and fuel economy • Newest technology Main Engine, electronically controlled, enhanced fuel-ef-

ficiency, with auto-tuning • Lighting on board are exclusively for new generation LED types ensures even

less power footprint • Variable frequency drivers on heavy power consumers• EEDI performance well within IMO limits• GHG reporting and monitoring system

Noise• Noise levels on board exceeding limits set by IMO New Noise Code• Underwater noise mitigation strategy

IMO ECA-NOx Baltics/

North Sea Tier III?

IMO Strategy on Reduction

of GHG emissions?

EEDI Phase 3?

ΦΘΙΝΟΠΩΡΟ 2017 AEGEAN NEWS

Materials• Inventory hazardous materials list

from new-building to in-service to recycling stages accompanied with IHM class notation

• Refrigerating plants operating with most ecologically-friendly refriger-ant medium.

• TBT-free hull anti-fouling paints system

• Environmentally Acceptable Lubri-cants (EAL) in all oil-to-sea inter-faces of the ship.

2021

2022

2023+


T H E A E G E A N F A M I L Y


Women of AegeanHard work, determination, sensitivity and strong female role models.

The women of Aegean are dynamic, talented and successfully combine career

and family life. Seven women in key positions talk to Aegean News about their

lives, the people who inspire them, and their thoughts about their future, as

well as the challenges women face in the workplace.



From a young age, Denise Severo was taught to study hard, work hard, and follow her dreams.

“My mother inspired me to be an independent woman,” she says, and it’s that go-getter attitude that saw her hit the ground running, starting her career in accounting at just 18, at the same time that she was enrolling in a BA program in the very same field.

Today, she holds two bachelor’s degrees, in accounting and in jour-nalism, and an MBA in Energy, En-vironment, and Natural Resources Law and has 13 years of work experi-ence in accounting and finance. She joined Aegean as a Senior Financial Analyst.

Denise acknowledges that women still face hurdles in the workplace, pointing out that prejudice is still a re-al issue across all industries. “Women work hard and often dedicate more time and effort to executing their tasks to the highest standard, but they still have to constantly prove they are sufficiently intelligent and have the capacity to work as well as men,” she says, explaining that this kind of prejudice and constant demand on women to prove themselves can be very disheartening. For Denise, it is one of the biggest challenges women in business face today, even leading some women to give up their careers. But with a go-getter spirit instilled in her since childhood, Denise isn’t will-ing to give up.

“We can’t give up. We have to try—always. Every woman who perseveres and reaches her potential in her field is an example,” Denise says. “Our duty, and our challenge, is to contin-ue the process of opening people’s minds to the value of women and men working together as equals. We have to continue this and continue opening up new opportunities every day.” This combination of purpose and ambition is at the heart of her efforts both professionally and as an individual, and she holds good values to be essential to moving forward. “Values give you direction. A person who does not have values will do any-thing to reach their goals, and that’s dangerous,” she points out. “Values and confidence—especially in a lead-er,” she adds, explaining that being confident in yourself is essential to inspiring confidence in your team about your decisions.

Denise, who has been with Aegean for almost two years, is already plan-ning to expand her knowledge and skillset with a second MBA, this time focusing on auditing and internal con-trol. “I am always searching for new things to learn and ways to stay up-to-date,” she says. And it’s this very spirit that she wants men in the workplace to recognize in their female colleagues. “Women in the workplace are strong, face and overcome many barriers to get a position, and have equal capabili-ties as their male counterparts.”

Denise SeveroSenior Financial Analyst

Brazil

Our duty, and our challenge, is to continue the process of opening

people’s minds to the value of women and men working

together as equals


A proud mother of two, Panag-iota Pratti is one of Aegean’s Senior Purchasers, with sev-

eral years of experience procuring spare parts for the company, as well as serving as coordinator in various departments. Coming from a back-ground in computer programming, it was as much her skill as her belief in her own abilities that got her to her current senior position, and which continue to drive her professional growth and development. “I have my confidence to thank. You have to ignore prejudices and just believe in yourself,” she says, and is quick to admit that the foundations for this came from her mother. “My greatest inspiration comes from my family and specifically my mother. She is a strong woman, and she taught me to be true and sincere and as tough as anyone can be,” Panagiota shares.

Motherhood features centrally in Panagiota’s outlook, in the way she sees her own life as well as the world. “Getting married and having my two wonderful children was the best deci-sion I’ve ever made,” she says without hesitation, but she also points out that for many women in the workplace, that desire to have both a family and a career can actually become an obsta-cle, a result of the misconception that it’s a choice between one or the other. “In this sense, we can become our own worst enemy, getting caught up in thinking that our career will nega-

tively impact our family life and vice versa—a situation that is completely preventable,” Panagiota explains. In fact, she believes that the very traits that make many young women look forward to motherhood and make them worry about finding a balance between their professional and family lives are traits that can in fact give them an advantage in the workplace and in their professional relationships with colleagues.

“At this time, all around the world, there’s momentum for women—that’s undeniable. The biggest challenge for the young generation is to harness this momentum and turn it into tangible progress and long-term benefits for women and for all of society too,” Pa-nagiota says. Not beating around the bush, she also acknowledges that it won’t all be smooth sailing. “Women

continue to face a significant challenge to the extent that the business world isn’t quite accustomed yet to accepting women as leaders.” But the way to tack-le this and demonstrate the ability to lead is through integrity and through the three key pillars of mission, vision, and values. “Values drive us,” Panag-iota points out. “They are both inspi-ration and aspiration, and in satisfying them, we give our best efforts.”

Panagiota Pratti Senior Purchaser

Greece

My greatest inspiration comes from my family and specifically my mother



Armed with a master’s degree in Economics, Ekaterina Ko-reneva began her career in the

bunkering industry in 2003 and, within a little more than a decade, was promot-ed from administrative support to Area Sales Manager for North-West Russia and then to Lubricants Trader, working with key Russian, Latvian, and Danish companies before taking up her current position as Bunker Trader with Aegean. One of an increasing number of women to join the industry, she is very aware that despite growing numbers, women still face barriers in the workplace.

“More and more women come into bunkering and shipping every year, but in most companies, it’s still an exception to see women in managerial positions,” Ekaterina notes, adding that while being just as capable as men and even having an advantage in multitasking, women can often unwittingly hold themselves back. “Women tend to be more careful in their intentions and often underestimate their abilities and skills. So it’s important that women learn to recognize their achievements and their skills and try to apply them more boldly,” she explains, and this is an area where good leadership can really shine through, setting the example and inspiring even more people to make a difference. Just as important to good and effective leadership as having the drive and the capacity to inspire oth-ers, is having a clear sense of mission. “Having a mission is as essential for a

company as growth and profits,” Ekat-erina says. “It shapes the company’s val-ues, beliefs and business principles and determines the role that the company wants to play in society.” And of course, there’s always room for improvement, for developing new skills and ways of thinking, as a company, as a team, and as individuals. Ekaterina is the first to admit that she’s constantly pushing her-self. “I’m constantly challenging myself, in various fields and activities, from im-proving my English and learning other languages to training in various sports, doing dance and even painting—sport improves cognitive function and cre-ative activities help you to think outside the box ” she explains.

Creative thinking and life-long learning are becoming increasingly essential, key to both personal and pro-fessional development, but Ekaterina points out that to achieve success in the workplace, you need more than just qualifications, especially if you’re look-ing to keep it up in the long run. “My mum always taught me—and continues to teach me by example—to be strong and wise, to never give up and to always be level-headed and warm-hearted,” she says. It’s that combination of skill, per-severance, and openness that is so es-sential to moving forward and keeping up in a fast-paced workplace. “The next generations, men and women, will have to work more than our generation,” Ekaterina says, “so my advice would be to choose your career with your heart.”

Ekaterina KorenevaBunker Trader

Russia

It’s important that women learn to recognize their achievements and their

skills and try to apply them more boldly


“My best decision has been entering the shipping business and working in

a dynamic and fast-moving environment that keeps you in touch with people around the world,” says Sina Groth right off the bat, not leaving any room for doubt about her love for the job. Starting her career as a shipbroker, Sina soon moved to bunker trading and subse-quently joined Aegean.

Driven and also committed to up-holding key values like honesty and loyalty, Sina laments the lack of practi-cal loyalty and support that women in business often experience, particularly from men. “There are too few men who are eager to advocate for and mentor female entrepreneurs, and although more and more women are embracing entrepreneurship, they often face chal-lenges not typically shared by their male counterparts,” Sina says. She notes that women’s contribution to the workplace is beneficial across the board, as women tend to present a healthy balance of am-bition and humility—but she’s also quick to point out that excessive humility can quickly get in one’s own way, leading to missed opportunities. “One mistake I often see women in business make is do-ing too little networking,” Sina explains. “Networking is an unwritten rule of suc-cess in business. Whether it is for poten-tial business alliances, sales or marketing, making connections is vital for business growth.”Taking it one step further, Sina goes on to say that when it comes to

key leadership qualities, a penchant for making connections is only part of the puzzle: Looking to oneself and connect-ing to one’s own thoughts and feelings is equally as important as being able to network and perform socially. “Good leaders must have empathy and vision,” Sina says. “The ability to recognize and relate to other people’s feelings is crucial to creating a supportive environment to nurture and promote excellent outcomes, particularly in diverse groups with dif-ferent histories, perspectives, values and cultures,” she explains. “And of course a good leader is able to effectively manifest their vision by setting specific, achievable goals, initiating action, and successfully enlisting the team’s support.”

These key leadership qualities are bound to play a key role in a fast moving business environment that is rapidly changing yet in many ways staying the same. “The biggest challenge for the coming generation of women will be gaining equal access to jobs, achieving equal salaries, and having the flexibility to combine work with raising children while sharing equally in household duties with their partners,” Sina says, pointing to one of the key issues im-pacting women in the workplace and keeping them from reaching their full potential. “The responsibility of family falls disproportionately on women, and it is that lack of equilibrium that we must address, to ensure that is doesn’t prevent women from pursuing their professional development.”

Sina Groth Bunker Trader

Germany

Whether it is for potential business alliances, sales

or marketing, making connections is vital for

business growth



Whether Yenei Eng Chang is talking about the peo-ple who inspire her or

her plans for maintaining her com-petitive edge, she keeps bringing the focus back to education—throughout all ages and areas of life, from her own time at univer-sity to teaching values to the next generation.

“Malala Yousafzai has had a tre-mendous impact on me. Her cour-age and her determination to stand for girls’ and women’s right to educa-tion are admirable,” Yenei says.

Yenei considers her own decision to pursue a bachelor’s degree in Economics to be the best decision she’s ever made, and her career to date proves it. With twelve years of experience in accounting under her belt, Yenei joined Aegean as Chief Accountant for Aegean Bunkering Jamaica. “The experience has been very rewarding,” she says, but she acknowledges that for many women across multiple industries there are still considerable hurdles to over-come in the workplace.

“I think the most significant bar-rier to women professionals today is that they need to do more than men to prove themselves,” Yenei says, adding that that can create a vicious cycle whereby many wom-en fall into a pattern of depending on recognition for their efforts to feel motivated. “The key is to have

self-confidence. It can move moun-tains!” she says. And belief in one-self is indeed essential when having to juggle multiple roles within and outwith the workplace. “One of the biggest challenges women in busi-ness face today is balancing their roles and responsibilities between work and the home, especially if they do not have a good support system,” Yenei admits, adding that the increasingly complex fabric of society can make that task ever more challenging.

The way forward is in keeping a positive outlook and focusing on the things that matter: family, hard work, and diligence. “My mother is an inspiration to me every day. In the face of all her problems, she always smiles,” says Yenei. That optimism also feeds back into her passion for education, fueling the drive for self-improvement, which is essential in this line of work.

“Shipping is a dynamic industry and, as such, demands continuing education and training. That’s why I attend courses that are beneficial to the company and relevant to my career,” she explains. Clearly driven and determined to excel, Yenei is ad-amant about the importance of look-ing to the future, setting goals and going after your dreams. “I believe that having a clear vision of what we want is the recipe for success, in every aspect of our lives.”

Yenei Eng ChangChief Accountant / Executive Assistant

Jamaica

The key is to have self-confidence. It can

move mountains!


“Women are expected to be both super-moms and super-employees,

and that is a huge challenge for this generation of women,” says Christine Marzullo, not pulling any punches. “To make it work, it’s important to find a balance and to have a supportive family and a support network to help manage the priorities. Having a supportive part-ner who shares the childcare and home-care responsibilities can make all the difference.” Joining Aegean, Christine brought with her 40 years of experience with HESS, a top US-based energy and bunkering company, including almost a decade of experience in the bunkering industry. She also brought to the table the valuable understanding of the im-portance of good management, having enjoyed first-hand the benefits of having a supportive and inspiring manager. “I remember the first manager who really inspired me and became a very positive figure in my life. He taught me a great deal. He was supportive and motivating and helped me grow as an employee and an individual,” Christine shares.

Just as she draws strength from those close to her, Christine doesn’t have to look far for inspiration. “One woman that has had a tremendous impact on me has been my cousin Catherine. She is extremely independent, driven and motivated. She has her own business, and has continued to succeed despite experiencing personal challenges,” Christine says, driving home the point

about the importance of strong female role models. As Bunker Sales Associate, Christine exhibits that same drive and motivation, staying focused on the tasks at hand and successfully accomplishing her goals. But she stresses the impor-tance of having the necessary support, both at work and at home, in order to excel. While women in the workplace still have to manage multiple priorities and society’s expectations, Christine stresses that there is also much that they have to offer. “There are lessons men can learn from their female colleagues like organization, multitasking, empa-thy and understanding,” she explains but adds that there are many more ways to learn, grow, and develop in the work-place and different ways to share knowl-edge and skills. “Working with younger people helps me grow professionally. I learn new things from them and they keep me energized and in the modern world!” It’s in this back and forth that good workplace dynamics and leader-ship are based. “Energy and motivation for the work and for the people who are part of the team are essential qualities in a good leader” Christine says, empha-sizing the importance of supportive and inspiring managers and team leaders in realizing the potential of each individu-al in the team. And stresses the need to overcome challenges in a constructive way and even out the playing field. “The biggest challenge for all of us is to fight against deep-rooted male and female stereotypes,” she says.

Christine Marzullo Bunker Sales Associate

USA

The biggest challenge for all of us is to fight

against deep-rooted male and female stereotypes



“Personal growth and devel-opment require more than just education and study—

they require constructive dialogue, an exchange of vision and knowledge that inspires and leads to new ideas,” says Anna-Maria Karakasi. Seeking knowledge is just part of the equation; openness to learning is the other. This quality is important in academia and in the workplace. “Unfortunately gender inequality and stereotypes still exist, es-pecially in industries like shipping that are dominated by men, where one can see women grow discouraged by having access to fewer opportunities than men and leave the industry early in their career. When women exit the indus-try, male colleagues miss out on the opportunity to learn something from them. Men tend to be very opinionated and rarely draw lessons from women, but there is much they can learn from working together. I would encourage my male colleagues to learn from wom-en the ability to multitask, set priorities, and quickly adapt to changing condi-tions. As per Charles Darwin’s theory, it is not the strongest who will survive but those who can best manage change.”

Indeed, adapting to ever-changing environments and roles is something that Anna-Maria believes women excel at, as the new generation of women learns to juggle different roles success-fully. “Being a wife, a mother, a woman, a professional—and most of the time for lower wages than our male colleagues—is the biggest challenge women face,”

she says. But women manage to adapt and manage it all. The importance of taking ownership of the different roles and delivering on each front was some-thing that Anna-Maria learned from her grandmother. “My grandmother had tremendous impact on me. Like many women of her generation, she was born just before the war and was raised in poverty and without any education. She believed that a woman should be independent and that the road to that was through education. She taught her daughters and subsequently my cousin and me never to let inequality between the sexes dishearten us. She taught me to take a stance against it and to never quit.”

Taking the advice to heart, An-na-Maria pursued her education and completed her BSc at Panteion Univer-sity and then the MSc in Energy, Trade and Finance at Cass Business School on a Stelios Scholarship. “That led me to the shipping world and to the family of Aegean,” says Anna-Maria who joined Aegean straight after graduation and is now Senior Bunker Trader, working out of Hamburg. “Women are no longer followers. We have more opportunities than ever before to lead, and we shouldn’t be afraid to make decisions and take chances”. Going back to her core values and her belief that openness and adaptability are key to success: “The values you are raised with give you vi-sion. It’s not hard to make decisions when you know what your values are. Leadership is just that: the capacity to translate vision into reality.”

Anna-Maria KarakasiSenior Bunker Trader

Germany

Women are no longer followers. We have more opportunities than ever before to lead, and we

shouldn’t be afraid to make decisions and take chances.


On August 30, 2017, Aegean Marine Petroleum Network Inc. and Caribbean Bunkers LLC, a

subsidiary of Freepoint Commodities LLC, announced the signing of an agreement to cooperate

on bunkering sales, focused around the U.S. Virgin Islands facility at Limetree Bay, St. Croix.

As of September 2017, Aegean has been marketing bun-ker fuels and marine gas oil

supplied by Freepoint to customers calling on the Limetree Bay facility on St. Croix. The agreement calls for future expansion in the region that could lead to adding delivery capabil-ity through Aegean's fleet.

"We are pleased to announce the launch of our new service center in St. Croix USVI, which strengthens our existing presence in the Caribbean and represents another important step in our effort to broaden our global foot-print in attractive markets. The growth and activity level at Limetree Bay has

been remarkable since the terminal was purchased in 2016,” said Manolis Chochlakis, Aegean's Regional Man-ager of the Americas. "We believe working together with Freepoint, an equity partner in the Limetree Bay facility, provides us both with incen-tives to jointly grow our presence in the region. The Aegean and Freepoint teams are experienced groups that have worked well together in the past. They will ensure our customers in the Caribbean get first class service."

Freepoint’s Senior Managing Direc-tor, Global Oil, Rob Peck, said that the company was “excited about develop-ing this business. We envision it will be

a core strategy in our global oil plat-form. The St. Croix Limetree Bay facili-ty has brought a lot of promise to the region and continues to grow at an im-pressive rate. We are fortunate to have the opportunity to develop a strong base of operations on the island and believe this new venture is a perfect complement to our existing business," he continued. "We have worked with Aegean for a number of years and are privileged to be cooperating with a company that is so well-respected in the industry. We believe this agreement will be extremely beneficial to both companies as we expand and optimize our business in the Caribbean."

New Cooperation Agreement with Freepoint Commodities LLC

B U N K E R I N G


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

A Renewal of Trust Anastasios Ioannidis, Skydra

Tell us about the area in which your service station is located. Our service station is located on the main road between Skydra and Mav-rovouni, just off the highway that con-nects Edessa with Giannitsa (E86). It is a central location that gets a lot of traffic. In the four months that we have operated this station, I have no-ticed that about 70% of customers are locals and the other 30% are tourists passing through the area.

Can you tell us a bit about your busi-ness? How many people do you employ? We carry a full line of fuels, from 100-RON to D-Force, and we even carry gas oil. We have a car wash and lube bay, as well as a café. During the winter, we carry out deliveries of heating oil using our own tanker truck. That’s our bread and butter. In all, we employ four people.

How long has this station been in op-eration for? And for how long have you been in the fuel business? This station has been up and running for about four month now. Our other station has been in operation since 2000. We’ve been with Aegean since the beginning, for 17 years now. My family has been in the business since 1969. I joined in 2000, but I often helped my grandfather with it even before that.

What made you choose Aegean, which back then was still a relatively new company in the fuel retail sector?I happened to see one of the service

stations that Aegean was building in the area around that time, and I really liked what I saw. In the end, I chose Aegean after personally meeting Mr. Iakovos Melissanidis and Aegean’s other executives in the region. The personal touch, and his humility, made such an impression on me that even though I was about to sign with an-other supplier, I chose to join Aegean.

What is working with Aegean like? Had there been any complaints from

either side, we would not have chosen to work with each other again at this new service station! The collaboration has been exemplary.

What do your customers think of Ae-gean? To date, our customers are more than satisfied with Aegean’s products. We’ve signed up for the Wednesday Deal plan, so every Wednesday, cus-tomers can fill-up on D-Force fuel for the price of our standard fuel.

MAVROVOUNISKYDRA | 340.780323, 22.154746

The personal touch made such an impression on me that even though I was about to sign with another supplier, I chose to join Aegean

Aegean News spoke to Mr. Ioannidis about his service station in Skydra and his experience

in the fuel business.

Skydra is a town in the Pella prefecture in northern Greece. It is the seat of the Municipality of Skydra and is situated in the center of a fertile valley, at an altitude of approximately 40 meters above sea level and at a distance of 15 km from Edessa, the prefecture’s capital. It is an important agricultural center in the region, with significant fruit-production and fruit-processing output.

Mr. Ioannidis’ service station


What can you tell us about the area?The service station is located in Palai-ros in Aetolia-Acarnania, which is a seaside village on the west coast of Greece. Most of the locals work in tourism and in farming and animal husbandry. Our station is on the main road, in a very busy spot, near the exit from Palairos to Vonitsa.

Tell us a bit about your customers.Between October and Easter, we most-ly serve locals from the area, people passing through on the way to Lefkada and Vonitsa, and of course profession-al drivers. It is much busier during the tourist season, as there are a lot of hotels and resorts in the area, and the airport is quite close too.

Talk to us about your business and the services you offer. How long has this service station been in operation, and for how long have you been in the fuel business? My brother and I have two stations. One of them just sells fuels and lubri-cants and the other is a full service sta-tion. In addition to selling fuels and lu-bricants, this also has a car wash, lube bay and tire repair service. And there’s a restaurant too. We also do deliveries of heating oil, but the market for that isn’t big around here.

We run a family business. My fa-ther started this station in 1985, and now I run it with my brother. We both

grew up here. At some point, we both left to go study, but after we graduat-ed, we came back and started working here. Today we have ten employees.

Since when have you been collaborat-ing with Aegean?We partnered up with Aegean in March 2015.

How did you choose Aegean? What is your impression of the company and how has working with Aegean been so far?We were having some trouble with our previous supplier, so we decided to take a meeting with Aegean’s rep-

resentatives. We instantly took to the family atmosphere, and they were able to immediately offer solutions to all the issues at hand. They’ve been by our side since day one whenever we’ve needed anything. Aegean is constant-ly evolving and growing, and we hope to do the same as well.

How do your customers respond to the Aegean brand and the company’s products? Our customers are very happy with our switch to Aegean. We also noted an increase in sales after refurbishing the station.

An Increase in SalesKostas and Dimitris Tsakalis, Palairos

They were able to immediately offer solutions to all the issues at hand

The service station of Kostas and Dimitris Tsakalis is located in the seaside village of Palairos

in Aetolia-Acarnania. Mr. Kostas Tsakalis spoke to Aegean News about the business he

operates with his brother.

1st KM PALAIROS – VONITSA P.R.38.795485, 20.880768

Palairos is a village in the Municipality of Aktio-Vonitsa in western Greece. It is located on the eastern shores of the Bay of Palairos, 100 km northwest of Messolonghi, at an altitude of 20 meters above sea level. It was known as Zaverda until 1928.

The service station of Kostas and Dimitris Tsakalis


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

A digital treasure trove celebrating the accomplishments of the extraordinary individuals

that shaped Greek—and international—shipping, the Greek Shipping Hall of Fame has set

out to become an invaluable resource for the younger generations and anyone wanting to

discover the fascinating history of modern shipping in Greece.

The Greek Shipping Hall of Fame

The Greek Shipping Hall of Fame is an independent not-for-profit organization dedi-

cated to honoring the Greek shipping industry and the remarkable individu-als who have shaped it over the years. It began in 2007 and was formally inaugurated in 2013, with an event at the Megaron – Athens Concert Hall and the launch of its website and on-line Hall of Fame gallery. Today, the gallery showcases 26 key figures who have made their mark on Greek and international shipping from the 19th century on. The website also hosts ad-ditional material about the inductees, such as photos and profiles, as well as video interviews with friends, relatives and business associates.

First and foremost, the Greek Ship-ping Hall of Fame aims to pay tribute to its inductees. But it also aims to

serve as a depository of information on Greek shipping, a valuable re-source that showcases the industry’s astounding achievements in the ser-vice of international trade and trans-portation, and presents its fascinating story to ever-new audiences and younger generations.

The Induction Process Each year, no more than two or three individuals are selected to join the ex-clusive gallery of Greek shipping greats, and nominations are only accepted for deceased historical individuals. Inductees are then selected by vote of industry representatives. From 2007 to 2011, the inductees were selected by an independent committee comprising ten key figures in contemporary ship-ping. Since 2012, inductees are selected by the Greek Shipping Hall of Fame

Academy, which today comprises more than 200 members representing the Greek shipping community. Votes are cast online in October of every year, and the process is overseen by the inter-national audit firm Deloitte, to ensure utmost transparency. New inductees are announced at the annual Induction Ceremony and Dinner, which is held in April each year at Megaron – Athens Concert Hall. The induction process is completed with the addition of the in-ductees’ profiles on the Greek Shipping Hall of Fame online gallery.

Nominations for the 2017-2018 Induction Season closed on Septem-ber 8 and voting will take place, as usual, during the month of Novem-ber. New inductees will be announced in April 2018.

Source: greekshippinghalloffame.org/

Aristotle Onassis Stavros Niarchos Yiannis Carras


Porto RaftiStretched amphitheatrically around Raftis Bay, on the east coast

of the Attica peninsula, and looking out over the Aegean Sea,

Porto Rafti has long been a favorite destination for Athenians: a

fabulous year-round getaway for singles, couples and families

alike, and especially during the warm months.

Must See Brauron The ancient Sanctuary of Artemis at Brauron, which flourished between the 8th and 3rd centuries BC, is an early sacred site situ-ated at a distance of five kilometers from Raftis Bay. The adjacent Archaeological Museum of Brauron showcases an extensive collection of artifacts recovered from the site, covering a pe-riod from the early 2nd millennium BCE on.

Erotospilia Only a short distance from Porto Rafti, the small and sandy Erotospilia—which literally means the ‘Cave of Love’—is one of the most popular beaches in Attica. Favored by locals and tourists alike, the beach has a canteen/bar and offers visitors a variety of beach and water sports options.

St. Spyridon Bay The area boasts a number of great tavernas, cafes, and beach bars along its picturesque seafront. Its beach itself is also worth visiting: Sheltered from north winds and boasting crystal-clear waters, it is ideal for swimmers who enjoy a dip well into the autumn months.

Avlaki Beach Avlaki is an exquisite, easy-to-reach beach and one of Greece’s Blue Flag beaches. Visitors can enjoy a range of ame-nities, including beach loungers and beach umbrellas, a beach bar and a restaurant. The beach is also monitored by lifeguards and there is a medical unit on standby for emergencies.

Koroni Peninsula The Koroni peninsula, an area of great archaeological significance, is situated just southeast of Porto Rafti. Archae-ologists have made great discoveries about its role in the region in the 3rd century BCE. The small, modern settlement of Koroni was built in the 1960s and is situated in close proxim-ity to a fantastic wild beach.

The Markopoulo Racetrack In 2003, the Athens Racecourse relocated to Markopoulo, near the site where ancient Myrinounta stood 5,000 years ago, just a few kilometers from Raftis Bay. The new racecourse includes the main track where all horse races are conducted, the main paddock for the parade of the horses before each race, and the stables. In addition to the races, the racetrack also hosts various events that aim to appeal not just to racing afi-cionados but to the general public as well.

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

A very popular seaside resort town in East Attica, Porto Rafti is part of the municipality of Markopoulo Mesogaias. It is conveniently located just a short ride from Eleftherios Venizelos Athens Inter-

national Airport and a 40-minute drive from downtown Athens via the Attiki Odos highway. In addition to the numerous marvelous beaches in the area, the region of Mesogaia is also known for its fine vineyards and excellent local produce, including figs and pistachios.

The port was a major trading hub until the collapse of the Roman Em-pire. During antiquity, the area around the bay of Porto Rafti was part of the ancient deme (ancient administrative divisions or villages) of Steiria, Prasiai, and Koroni, which belonged to the coastal Pandionis phyle (clan), following the administrative reforms of the ancient Athenian democracy introduced by Cleisthenes in the early 5th century BC.

Today, the port of Porto Rafti is no longer in use as a commercial har-bor due to environmental concerns, but its marina can still accommodate smaller recreational vessels and features a number of seaside restaurants and cafes. This port was the scene of the allied troops' evacuation after the German invasion in Greece at the end of April 1941.

Aegean service stations


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.

aegean news - ampni.com · its greenship standards ampni new cooperation agreement with freepoint...

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