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Aegean Marine lost ground in the second quarter

Aegean Marine Petroleum's revenue dropped almost 30 percent in the second quarter, while the result was also hurt by the sliding oil price.

BY KATRINE GRØNVALD RAUN

New York-listed bunker group Aegean Marine Petroleum suffered a setback in the second quarter this year compared to the company's results last year, according to the second quarter interim report from the Greek bunker group.

The company delivered a second quarter net result of USD 7.1 million, compared to USD 9.3 million in the same period 2014. Revenue for the past three months dropped 29.8 percent to USD 1.2 billion, down from USD 1.7 billion in the second quarter last year.

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