Aegean Marine Petroleum Network Inc. · Piraeus Greece ·(NYSE: ANW)
Company Description
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This link will open in a new window Aegean Marine Petroleum Network keeps cruise ships cruising and containerships full of fuel. With a fleet of 33 bunkering tankers (28 of which are double-hulled), the company supplies refined marine fuel and lubricants to such ocean-going and coastal vessels as containerships, cruise ships, dry bulk carriers, ferries, naval vessels, and oil tankers. Along with vessel operators, customers include marine fuel traders and brokers. A.P. Møller - Mærsk , the US Navy , and World Fuel Services have been among the company's major clients. Aegean Marine Petroleum Network operates from service centers in Belgium, Ghana, Greece, Gibraltar, Jamaica, Singapore, the United Arab Emirates, and the UK. To read the full description, subscribe now.
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Key Aegean Marine Petroleum Network Inc. Financials
| Company Type | Public - NYSE: ANW Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,778.0 |
| 2008 Employees | 715 |
Aegean Marine Petroleum Network Inc. Executives
15 executives listed for Aegean Marine Petroleum Network Inc.'s Piraeus, location.
| Title | Name & Bio | Contact |
| Chairman | Peter Georgiopoulos | Network |
| President | E. Nikolas Tavlarios | Network |
| CFO | Spyros Gianniotis | Network |
Competition
Competitive Landscape for Aegean Marine Petroleum Network Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Aegean Marine Petroleum Network Inc. Competitors
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