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Equity funds place bid on Aegean

Two new parties are prepared to buy bunker company Aegean, which filed for bankruptcy protection in the US in November. The bidders are well-known shipping names, and they have offered a three-digit million dollar figure for the restructured Aegean, writes Ship&Bunker.

Bunker association IBIA worried about Aegean case

Aegean Marine Petroleum's decision to file for Chapter 11 in the US following an alleged fraud case raises concerns at the International Bunker Industry Association, IBIA, which sees an increased need for an ethical compass in the sector, Chairman Michael Green tells ShippingWatch.

Bunkersammenslutning er foruroliget over Aegean-sag

Aegeans ansøgning om konkursbeskyttelse i USA efter påstået svindelsag vækker bekymring hos bunkersammenslutningen Ibia, som ser et øget behov for et etisk kompas i bunkerbranchen, siger formand Michael Green i et interview med ShippingWatch.

Here is the list of strained Aegean Marine's creditors

Tomorrow, Wednesday, will mark the four-year anniversary of OW Bunker's collapse. And even though the two cases are different, there are also numerous creditors waiting in the wings for Aegean Marine Petroleum. Find the list of unsecured creditors here. The biggest one has claims of more than USD 170 million.

Aegean Marine Petroleum files for Chapter 11

Bunker major Aegean Marine Petroleum files for Chapter 11 in the US. The move is part of the efforts to implement its billion dollar restructuring deal with Mercuria Energy according to the company.

Bunker industry struck by potential fraud case worth up to 300 million

An internal investigation has found evidence that one of the world's largest bunker companies, Aegean, could have been defrauded by up to USD 300 million. Previous employees and an associated company allegedly committed the fraud, which Aegean says involved extortion and threats of violence.

Aegean Marine Petroleum's President steps down

Bunker company Aegean Marine Petroleum will get a new president when Jonathan McIlroy steps down in November. The company's board of directors also gets a new member from Aegean's new and only lender.

Aegean and US partner move closer together

Aegean Marine Petroleum and Mercuria Energy Group have signed an MoU making Mercuria the only lender to Aegean. The two parties are working towards landing a billion dollar credit deal and closer collaboration.

Ekspansion bærer Aegean igennem hårdt første kvartal

Bunkerselskabet Aegean Marine Petroleum, der fik nye muligheder efter OW Bunkers kollaps, tabte på omsætning og bruttoindtægter i årets første måneder, men selskabet udnyttede ekspansionsmuligheder sidst i 2014 og styrkede sin position i det globale bunkermarked i starten af 2015, vurderer CEO.

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