Aegean acquires German bunker supplier

Greece’s Aegean Marine Petroleum Network Inc has expanded its physical bunker supply operations to Rostock, Germany after the acquisition of OBAST Bunkering & Trading GmbH.

The new service center in Rostock on the north coast of Germany will serve all German Baltic Sea ports and Southern Scandinavian ports, Aegean announced.

Under the terms of the agreement with OBAST, Aegean will acquire OBAST's existing share capital.

The operations at Rostock will be managed by the existing team at OBAST, a physical bunker supplier and cargo oil trader.

“We are pleased to announce the launch of our new service center in Rostock, which strengthens our existing presence in Germany and will enhance the flexibility and reach of our global marine fuel platform enabling us to better serve our customers around the world,” said E. Nikolas Tavlarios, president of Aegean.

Posted 06 January 2017

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