Monday, June 26, 2017
   
Text Size

Ports & Transportation

June 26 - Aegean Marine Petroleum announces launch of Savannah service center, leasing from Colonial Oil

Savannah Business Journal Staff Report

June 26, 2017 - Aegean Marine Petroleum Network Inc. today announced the launch of a new service center in Savannah, currently the third largest container port in the United States.

The operations in Savannah will be managed by the existing Aegean U.S. team.  Under the terms of the agreement with Colonial Terminals, Inc., Aegean will lease tankage from Colonial's oil terminal on the Savannah River.  Aegean will acquire and blend a full range of bunker fuel products and has agreed to supply Colonial Oil Industries, Inc. with a range of No. 6 oil products for Colonial's truck delivery business.  Aegean has contracted with the Vane Brothers Company to provide barge services in the port.

Manolis Chochlakis, Regional Manager of the Americas for Aegean Marine Petroleum Network, said, "We are pleased to announce the launch of our new service center in Savannah, which strengthens our existing presence in the U.S. East Coast market.  Our core customer base will get a price competitive offering in a critical container market that has been underserved since Colonial's exit from the business in 2013.  Aegean's expansion into the U.S. Southeast Coast will enhance the flexibility and reach of our supply network and enable us to better serve our customers."

Mr. Chochlakis concluded, "The Colonial Group is an experienced group that knows how to store, blend and distribute marine fuels.  We are excited to partner with them to bring Savannah back to prominence as a marine fuel market."

The Colonial lease and supply agreement begins July 1, 2017.

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines.

Comment (0) Hits: 34

More Articles...

  1. June 21 - Secretary Perdue and Canadian and Mexican Officials conclude visit to Georgia Ports
  2. May 30 - Continuing Aggressive Regional Growth, Parker’s Opens Newest Store in Jesup
  3. May 23 – Project DeRenne contract to be considered at Thursday’s meeting, adding amount million to ongoing cost
  4. FEATURE: Update on Sustainability Programs, as GPA tree-planting ceremony; Sapling replaces tree lost in Hurricane Matthew
  5. Apr. 24 - SC Ports fiscal year Container Volume climbs nine percent; Port’s first 13,000 TEU vessel expected in May
  6. FEATURE: New laws passed by Congress impact New Savannah Bluff Lock and Dam, and Savannah Harbor Deepening projected costs
  7. Apr. 12 - Georgia Ports Authority experienced strong growth in March, strongest month in GPA’s history
  8. Feb. 27 - Port Authorities of Georgia and Virginia file an East Coast Gateway Terminal Agreement
  9. Feb. 24 - Georgia Ports reports ‘busiest month ever’ with tonnage and container records set in January
  10. Feb. 22 – Jasper Ocean Terminal draft underway of Environmental Impact Statement by Army Corps of Engineers
  11. Feb. 20 - Allegiant launches nonstop seasonal service between Cleveland and Savannah
  12. Feb. 7 – Public Comment period open on Regional Planning improvement plan
  13. Feb. 6 – GPA's new developments position Savannah as U.S. Gateway Port; Another three record growth months
  14. Feb. 1 - World Trade Center Savannah presents Trade Facilitation, Trade Enforcement Act Compliance Workshop
  15. Jan. 23 - GPA achieves record, double-digit growth in December; Inland terminal breaks ground

Page 1 of 358

CLICK to receive NEWS ALERTS

Follow Us!

TwitterFacebook

Komento Activities

MY ACCOUNT
CONTACT
SOCIAL
MORE
ADVERTISE
Coastal Empire News
Headquarters: 35 Barnard St., Suite 300, Savannah, GA. 31401.
Tel: 912-388-4692 | Hours: 8:30 a.m. to 5:00 p.m.