Aegean Marine Petroleum Network Inc. (OTCMKTS:ANWWQ) operates as a global supplier of marine fuels and related services, catering primarily to the commercial shipping industry. Founded in 1995 and headquartered in Athens, Greece, the company has established itself as a key player in bunker fuel logistics, offering end-to-end solutions that span sourcing, blending, quality control and delivery. Over the years, Aegean Marine has leveraged its industry expertise to develop a comprehensive service model that addresses the evolving regulatory landscape, including the transition to low-sulfur fuel blends and the forthcoming IMO mandates.
The company’s core offerings include the supply of heavy fuel oil (HFO), marine gas oil (MGO) and marine diesel oil (MDO), as well as a range of specialty products such as environmentally compliant fuels, lubricants and fuel additives. Aegean Marine deploys a versatile fleet of product tankers and bunker barges, complemented by shore-based storage facilities, to ensure reliable and on-time deliveries. In addition to physical distribution, the firm provides technical support services—fuel testing, condition monitoring and sludge treatment—alongside credit financing and risk management solutions designed to simplify procurement for shipowners and operators.
With operations spanning more than 1,200 port calls across over 20 countries, Aegean Marine’s network encompasses key maritime hubs in the Mediterranean, Caribbean, North America, Asia and Australia. The company maintains strategic partnerships at major refineries and trading hubs, including Geneva and Singapore, to optimize supply chains and secure competitive sourcing. This extensive footprint allows Aegean Marine to serve a diverse customer base ranging from bulk carriers and tankers to cruise vessels and offshore platforms, supporting both routine voyages and ad hoc requirements.
Leadership at Aegean Marine is anchored by founder and Chief Executive Officer Ioannis Vassis, whose experience in shipping, trading and logistics has guided the firm through periods of rapid growth and market upheaval. Following a restructuring process under U.S. Chapter 11 in 2018, the company emerged with a renewed focus on operational efficiency and corporate governance. Aegean Marine’s executive team combines industry veterans and financial specialists who collectively oversee strategic planning, risk management and sustainability initiatives, positioning the company for long-term competitiveness in the global bunkering arena.
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