Minerva Bunkering is a supplier of marine fuels and
bunkering services headquartered in
Geneva, Switzerland. It was founded in 2019 as a wholly owned subsidiary of
Mercuria Energy Group
Mercuria Energy Group Ltd is a Cypriot-domiciled multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, biodiesel, base ...
. It quickly absorbed the larger Aegean Marine Petroleum Network (AMPNI), a public company listed on the
New York Stock Exchange, when Aegean was acquired by Mercuria, and Minerva Bunkers, another subsidiary of Mercuria founded in 2014
History
Roots of Minerva Bunkering go back to Aegean Marine Petroleum Network (AMPNI), established in 1995 by
Dimitris Melissanidis in
Piraeus, Greece,
and Minerva Bunkers Pte Ltd., established in December 2014 by Mercuria in
Singapore.
Aegean Marine Petroleum Network started to operate with one bunkering station in the
Port of Piraeus.
The second bunkering station was opened in Gibraltar in 1997, followed by stations in Fujairah (2001), Kingston,
Kingston
Kingston may refer to:
Places
* List of places called Kingston, including the five most populated:
** Kingston, Jamaica
** Kingston upon Hull, England
** City of Kingston, Victoria, Australia
** Kingston, Ontario, Canada
** Kingston upon Thames, ...
(2005),
Singapore (2006), and other locations around the world. In 2006, it was listed in
New York Stock Exchange through a public offering.
[
Minerva Bunkers began with a core group of more than 40 marine fuel specialists who came from the bankrupt Danish ship-fuel supplier OW Bunker in December 2014.][
In August 2018, Mercuria Energy Group acquired almost one-third of AMPNI's shares.][ In October 2018, an audit revealed substantial accounting problems at Aegean, to the tune of US$300 million.]Mercuria Energy Group
Mercuria Energy Group Ltd is a Cypriot-domiciled multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, biodiesel, base ...
received 100% of the common equity of the reorganized company. The US Bankruptcy Court approved of the company's reorganization plan in March 2019.
Operations
Minerva Bunkering is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. It operates from hubs in Geneva, Athens, New York, Singapore, Antwerp
Antwerp (; nl, Antwerpen ; french: Anvers ; es, Amberes) is the largest city in Belgium by area at and the capital of Antwerp Province in the Flemish Region. With a population of 520,504, and Las Palmas.
See also
* Aegean Oil
Aegean Oil S.A. ( el, ΑΙΓΑΙΟΝ ΟΙΛ A.E.) is a Greek oil company. Aegean is in 1st place in the Petroleum-Energy sector in Greece. Aegean is the largest natural supplier of marine fuels and lubricants in Greece and is the only independent ...
* Energy in Greece
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat an ...
References
External links
*
{{Authority control
Companies formerly listed on the New York Stock Exchange
Oil and gas companies of Greece
Oil and gas companies of Switzerland
Shipping companies of Greece
Shipping companies of Switzerland
Energy companies established in 1995
Transport companies established in 1995
Greek companies established in 1995