Posidonia 2016

Posidonia 2016 The Aegean

Party

Aegean GlobalMarket Trends

InterviewNikolaos Hondos

General Manager Aegean Bunkering

Services Inc.

PlusFlows & Currents

Travel with Aegean

Aegean NewsSUMMER 2016

T H E Q U A R T E R L Y M A G A Z I N E O F A E G E A N

Posidonia 2016

Athens Hosts the Global Shipping Community

SUMMER 2016 AEGEAN NEWS 1

Facing the future.Posidonia 2016, the world’s most impressive mari-

time event, held in Athens since 1969, brought together the global shipping and maritime community for one week. During that time, all stakeholders were able to meet, explore current market trends, forge new part-nerships, and assess the industry as it moves forward.

Aegean, as it has for 20 years, participated in Posidonia 2016 with two state-of-the-art exhibition spaces. Top Aegean executives were able to represent the wide-ranging activities of the company–shipping, bunkering, environmental and port facility services, lubricants and petroleum products, and agency—to visitors from around the globe.

For public and private stakeholders, Posidonia provided an opportunity to discuss key policy developments facing the shipping and maritime industry. Prime Ministers, ministers, ambassadors, commissioners, and other govern-ment decision makers met the private sector within a common framework to address legislation, environmental concerns, safety issues, and new technolo-gies that will impact the industry for years to come.

Aegean, as always, was attuned to the discussions, exchanges, developments and decisions that can, in many ways, determine the next stages of its growth and expansion program.

Future success stems from past performance and current preparations. Being prepared for tomorrow ensures that decisions are made with market in-sight, industry understanding, and a competitive edge. Posidonia 2016 proved to be a key tool that allows Aegean to keep its finger on the pulse of the indus-try and formulate its strategy—local, regional, and global.

editorialRetailAEGEAN OIL has established a gas station network throughout Greece, and is one of the fastest growing companies in the retail market. AEGEAN’S gasoline market share in Greece is 8%.

ShippingAEGEAN SHIPPING manages a fleet of tank-ers, ranging from 28.610 to 50,926 DWT, that transfers and delivers oil to our clients throughout the world. All ships meet ISM standards. The Company’s new GreenFleet (http://www.greenfleet.gr) incorporates the latest technologies to ensure reduced operating costs and reduced emissions, while increasing overall performance. All ships are certified by ISM, ISPS and MLC as well as with ISO 9001, 14001, 18001 and 50001. AEGEAN SHIPPING is additionally certified with ISO 22301.

BunkeringAEGEAN MARINE PETROLEUM is a leader in providing the best bunkering services available in Piraeus, Patras, Gibraltar, Amster-dam-Rotterdam-Antwerp, Fujarah, Jamaica, Singapore, Trinidad & Tobago, Portland-Fal-mouth, Vancouver, Montreal, Mexico, Tanger Med (Morocco), Canary Islands, Panama, Barcelona, Algeciras, Baltimore, Philadel-phia, New York, Norfolk, Charleston, Los Angeles and Long Beach, Hamburg, the Gulf of Mexico, St. Petersburg, South Africa and Brazil. AEGEAN MARINE PETROLEUM is the market leader in bunkering.

Agency ServicesShips from around the world rely on AEGE-AN AGENCY services at Piraeus, Gibraltar, Fujairah, and Jamaica, from loading and discharging, to spare parts and supplies.

LubricantsAEGEAN OIL produces and markets high performance lubricants for vehicles and industrial use, under the AEGEAN brand. AEGEAN MARINE PETROLEUM trades and supplies lubricants for the marine market under the ALFA brand.

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4 AEGEAN UPDATE

9 PONTIAN NEWS Events Honoring the Pontian and Armenian Genocide

10 RETAIL Aegean Presents D-Force Fuel to Northern Greece Service Station Owners

11 HELLENIC ENVIRONMENTAL CENTER • Presentation at the Port of Alexandroupolis • Distinction of HEC at the European Business

Awards for the Environment

12 AEGEAN GLOBAL Up-to-Date Market Trends from Around the World by Executives from Aegean’s Global Bunker Stations Network

14 FLOWS AND CURRENTS Trends and News in the Oil and Energy Fields

16 POSIDONIA 2016 • The World’s Most Prestigious

Maritime Event • Aegean at Posidonia 2016• The Aegean Party

24 THE AEGEAN INTERVIEW Nikolaos Hondos, General Manager of Aegean Bunkering Services Inc.

26 STATIONS OF THE MONTH • Kostas Pagratis, Corfu • Athanassios Raptis, Thessaloniki

28 MARITIME TRADITION The Traditional Boat Association of Greece

29 TRAVEL WITH ΑEGEAN Milos

28 CHILDREN AND THE ENVIRONMENT The Lost Kingdom of Cleopatra

10 Aegean presented its D-Force diesel fuel at the Hyatt Regency Hotel in Thessaloniki20 Aegean hosted one of the most

impressive parties of the entire Posidonia week

24 Nikolaos Hondos, General Manager of Aegean Bunkering Services Inc., discusses Aegean’s position as the world’s largest independent physical supplier

AEGEANMARINEPETROLEUM

contents

Summer 2016Aegean News is published quarterly by AEGEAN

PUBLISHER & MANAGING EDITOR Raymond Matera

CONTRIBUTING EDITOR Alexandra Loli

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4 AEGEAN NEWS SUMMER 2016

Hamburg Port 827th

Anniversary “Cast off and Ahoy!” Aegean and HEC

celebrate the world’s greatest port

festival, the 827th birthday of the

Hamburg harbor.

More than 1 million visitors annu-

ally attend the maritime people’s

festival of superlatives, inspired by

the hundreds of ships from all over

the world in the heart of Hamburg.

The port of Hamburg and its birth-

day have a long tradition; since

Kaiser Friedrich Barbarossa granted

citizens of Hamburg a charter on

May 7, 1189, which guaranteed

exemption from duty for ships on

the river Elbe from the city to the

North Sea, the Port Birthday has

grown and is a popular attraction for

visitors from near and far. Special

highlights include a four-kilometer

long ‘Harbor Mile’ promenade, the

ship parades, a unique tugboat ballet

and breathtaking fireworks. Aegean

and HEC enjoyed a vibrant event with

good business friends and partners

onboard the Commodore.

A E G E A N U P D A T E

Pontian Music and Dance During Halftime at NBA Game

The NBA honored Greek heritage day in a unique way. Traditional Pontian music and dance was the highlight of the halftime show at the Philadelphia 76ers game against the New York Knicks. The proud Pontian “Akritai” of Philadelphia, who descend from Koro-

milia, Kilkis, danced to the tune of Daouli and Lyra players as they circled the 76ers emblem on center court.

Aegean Shipping Inks Deal for Four Aframax Newbuildings with Cosco Shipyard in ChinaAegean Shipping Management signed a contract with Cosco Zhoushan shipyard to build four

next-generation Aframax carriers with delivery in 2018.

This marks the latest NB contract since the company delivered four MR sisters from Daesun

Shipbuilding in Korea in 2014. These eco-tankers, coined the Green Fleet, also employ ad-

vanced engineering and design components, allowing for significantly lower fuel consumption

and huge minimization of emissions. The new Aframaxes will fly the same ‘Greenfleet’ Banner

as their smaller fleet sisters, and continue to follow suit with the strategy of the company to

reduce their carbon footprint.

Chairman George Melissanidis said, “I am pleased to announce the signing of four NB

113,000 dwt crude carriers at Cosco Zhoushan shipyard. In this time of such global uncer-

tainty and a dormant NB market, we are renewing our commitment to international shipping.“

Mr. Melissanidis continued, “I would like to take this opportunity to thank Cosco for their sup-

port and look forward to cementing this relationship between our two companies, which are

so closely aligned in terms of quality and commitment to first class service.”

Aegean Shipping invests in cutting-edge technology, enhancing its human resources and

managing its fleet above and beyond international standards.

Fedon Tomazos, Cass Technava; Sarah Yang, Cass Technava; Spyros Fokas, Aegean; Dong Yezong, General Manager Cosco Shipyard; George Melissanidis; Swem Sun, Commercial Director of Cosco Headquarters

Aegean and HEC executives onboard the Commodore


ALBA Students Visit Aegean On May 16 twenty students from ALBA

Graduate Business School visited the

Aegean headquarters in Piraeus. ALBA is a

non-governmental, non-profit educational

organization established by the Hellenic

Federation of Enterprises (SEV), the Hellenic

Management Association (EEDE), and the

Commercial and Industrial Chamber of

Athens (EVEA). Ninety companies, many of

which are shipping companies, are corporate

members of ALBA.

The students attended a presentation,

which took place on the 8th floor of the

Aegean headquarters under the supervision

of Prof. Spyros Vougious. The students had

the opportunity to ask senior Aegean exec-

utives questions related to trading, bun-

kering and shipping. Professor Vougious

thanked Aegean for the hospitality. Aegean

continues to invest in education by sup-

porting young students and future career

men and women.

Another Successful Search & Rescue Operation for M/T Rizopon On April 13, 2016, following the instructions of the Italian Maritime Rescue Coordination Center, Aegean's ASM tanker M/T Rizopon, while drifting off Zawia, launched a rescue operation of 235 immigrants (6 babies, 111 female, 118 male). The 235 immigrants were found onboard two rubber boats, in the waters between Italy and Libya. Nationalities declared by the immigrants are as follows: Ghana, Nigeria, Ethiopia, Guinea, Soudan, Cameroun, Ivory Coast, Tanzania, Somailia, and Senegal. M/T Rizopon approached the two boats, safely collected all immigrants on board and resumed her voyage to Caglier-im Sardenia (Italy) following the instructions of the Italian Maritime Rescue Coordination Center. The crew offered the immigrants food, water and milk. On April 14, 2016 M/T Rizopon reached her destination port and delivered the immigrants to the Italian Authorities.This is the fifth successful rescue operation for the M/T Rizopon.Aegean Shipping is proud of our Captain, Officers and crew and we congratu-late them for their good seamanship and gallant efforts!

ALBA students at the Aegean headquarters in Piraeus

Presentation by Nikolaos Hondos of AegeanImmigrants delivered to the Italian authorities


Marine Pollution Response Exercise in Aspropyrgos On June 15 the Aegean antipollution

team held a marine pollution response

exercise at the Melco installation in

Aspropyrgos as part of the annual

staff training program for 2016.

During the exercise Aegean staff

created an antifouling barrier using

pollution absorption materials and

trained the new company staff.


AEK is the 2016 Greek Cup Winner Greek association football club AEK F.C. (Athlitiki Enosis Konstan-tinoupoleos, Athletic Union of Con-stantinople, abbreviated as AEK), returned in the top level leagues of Greek football after winning the Greek Cup for the first time after five years. AEK won the Cup, up-

setting champion Olympiakos 2-1 at the "Spiros Louis" Olympic Athletic Center of Athens (OAKA), filling with joy the team’s supporters, who have stoically en-dured the challenge of being in a lower level league for the past few years.AEK has returned stronger! "We are coming" turned into "we are here!" This is a new beginning and the best is yet to come!

Port Elizabeth Supply of French National Army Frigate On April 19 Aegean supplied Floreal, a monitoring frigate of the French National Army, at

Port Elizabeth, South Africa. Floreal's mission is the monitoring of French Exclusive Economic

Zones. In 1993, she took part in United Nations Operation in Somalia II to protect Blue Hel-

mets. In 1995, she took part in the capture of the Head of Comorian Presidential Guard Bob

Denard (1929-2007), in the Comoros.

Aegean has made a fresh and dynamic start in South Africa by deploying the 70,000dwt M/T

Umnenga as floating storage in Algoa Bay, ensuring constant availability and efficient operations.

Algoa Bay is strategically situated with an 8-10 mile deviation from the main shipping routes

between the Middle East, Americas and Europe. The bay is well protected with open access to

high seas and space for numerous vessels at anchorage. Passing vessels bunkering at Algoa Bay

benefit with no time lost waiting for inport bunker deliveries and save significantly on the calling

costs at South African ports. Aegean’s M/T Lefkas, a double-hull bunker barge, conducts bunker

deliveries. Aegean will deploy a second barge in the near future to expand supply operations.

Vessels are supplied either at the anchorage or inport (Port Elizabeth and Coeaga Port).

Marine Fuel RMG 380 and Marine Gasoil (MGO 0.1) is available at ISO 8217 standards. Op-

erations run on a 24/7 basis.

The Floreal at Port Elizabeth

Antipollution barrier and pollution absorbers

Logging OnCustomers and associates may log on at: www.aegeanoil.comCustomers and associates of Aegean Marine Petroleum may log on at: www.ampni.com


Voluntary Blood Drive On June 22 a Greek Red Cross blood

donation mobile unit came to

the Melco facilities in Aspropyrgos to

enhance the blood bank of the

company. As expected, many

Aegean employees participated to

the12th Aegean blood drive. The

colleagues who donated blood are

Dimitris Kamenidis, Zafiris Kyrmpeis,

Panagiotis Kalogeropoulos, Adil Kara,

Aris Nakas, Kostas Skalas, Panagiotis

Chatzidimitriou, Konstantinos

Kantarellis, Archonion Giannikouris,

Dionysis Symeoforidis, Petros

Kordalis, Panagiotis Kyriakopoulos,

Athanassios Azaroglou, Panagiotis

Misailidis, Panagiotis Kolympiris,

Paraskevas Paraskevas, Kyriakos

Boutzikas, and Yiannis Komninos.

Aegean Opens New COCO Service Station on Mykonos IslandAs part of the company’s corporate strategic planning implementation,

Aegean has launched a new COCO (Company Owned Company Operated)

service station on Mykonos, which is already in full operation serving

the customers of the island.

The service station is located in Amigdalidi on the new ring road of the

island that connects Ano Mera with the port. Aegean created this new

service station with respect for the unique architectural style of Mykonos

and installed the most advanced and environmentally friendly technology.

The new Aegean service station on Mykonos offers all types of liquid

fuel and vehicular LPG. The service station also supplies tourist boats

that visit the island using company-owned tanker trucks.

Barcelona Antipollution DrillOn May 17 an antipollution drill was carried out at the port of Barcelona with the participation of the Aegean IOS I barge. The Aegean pollution combating team followed the plan with all needed mate-rials and contained the spill before it expanded beyond control and polluted the sea area. The Barcelona Port Authorities expressed their satisfaction in the way the captain and crew responded.Aegean, with the strictest environmental standards in the shipping sector, maintains its staff in a state of vigilance, with proper training at regular inter-vals. With experience in training, and the will to protect the environment, we are optimistic about the environment we will leave to our children.

Aegean participates in anti-pollution exercise at the port of Barcelona



Aegean CelebratesOn June 7, during the week of Posidonia 2016, Aegean Ma-rine Petroleum hosted an event on the eighth floor of the company’s headquarters in Piraeus for the representatives from all Aegean bunkering stations around the world. Old and new colleagues had the opportunity to further strength-en their relations and better familiarize themselves with the company. Associates from Singapore, Antwerp, New York, new friends from St. Petersburg, Rio and Hamburg, and

colleagues from the AMP and ABS attended the dinner in the presence of Dimitris Melissanidis and Nikolas Tavlarios.Mr. Tavlarios delivered a short speech, during which he stressed the need for continued communication between Aegean executives to better address everyday problems and optimize results.The evening was very pleasant, highlighted by a song by fel-low aspiring singer from the Antwerp office, Geert Boden.

Charity Race On June 4, during the week of Posidonia 2016, a five-kilometer street race was held

in Piraeus with participants from around the world. The proceeds were donated to

charity. The starting point and the finish line were at the Municipal Theatre of Piraeus.

Twenty Aegean employees participated, worthily representing the company: S. Kintas,

P. Kolympiris, P. Kalogeropoulos, M. Samson, K. Barlou, E. Filiopoulou, M. Xenou, M.

Bokou, A. Topalidis, N. Zaharopoulos, S. Papadopoulou, M. Halou, I. Kyranas, P. Lialios,

E. Panagopoulou, N. Mendrinou, D. Konomi and B. Motou.

Nikolaos Hondos, Dimitris Melissanidis, Mokhele Tsietsi, Spyros Fokas and Salvatore Drago

The Aegean dinner

Nikolas Tavlarios

Manolis Chochlakis, Boris Gronenberg, Stathis Pavlikakis, Alvaro Marques de Azavedo, Iason Ktenas, Gratsiella Kladis, Hara Fikiris, Tony Vertommen, Geert Boden, Vedran Bovan, Dennis Ho, Leonidas Broumas, Dorothy Papadogiannis, Panos Tsikleas, Mary Skafida, Sotiris Delidimitriou, Andrew Ananiev, Soumela Fotiadou, Gregory Robolakis, and Antonis Pavlakis.


P O N T I A N N E W S

1. The audience at the Temple of Olympian Zeus 2. Savvas Kalenteridis, Dimitris Melissanidis, George Tsalouchidis, Ivan Savvidis, and Christina Sahinidis 3. Young dancers 4. The drums set the pace 5. The Minister of National Defence, Panos Kammenos 6. Traditional dancers 7. The knife dancers

Majestic Events in Memory of the Pontian GenocidePontians and Armenians Send Out a Powerful Message from the Temple of Olympian Zeus in Athens

Two peoples with an extraordinary history and culture, Pontian Greeks and Armenians, shared an event

of remembrance that took place at the Temple of Olympian Zeus in Athens, "a brilliant night in a sacred

place" said the presenter, Alexis Kostalas, sending out a strong message: "We remember, we honor our

past, and we move forward stronger than ever."

Events in memory of the genocide

of Pontian Greeks and Armenians

took place in Athens on May 21. The

proceedings initially unfolded along the pe-

destrianized Dionysiou Areopagitou Street

at the foot of the Acropolis hill. The high

point of the evening was without a doubt the

musical performance at the Temple of Olym-

pian Zeus, which included dozens of dancers

and singers, melodies from drums and lyres,

Pontian and Armenian traditional dances, as

well as alterations of recitation and music,

all indicating how similar the two cultures

are, much like their tragic history. The Min-

ister of Defense, Panos Kammenos, who

opened the event, said: "An apology by the

Turkish government will redeem the Turkish

people from the burden of collective guilt."

The Interior and Administrative Recon-

struction Minister Panagiotis Kouroumblis,

Deputy Minister of Defense Dimitris Vitsas,

Deputy Finance Minister Trifon Alexiadis,

Deputy Minister of State for Coordinating

Government Operations Terrence Kouik, the

leader of the Greek centrist party (Union of

Centrists - Enosi Kentroon) Vassilis Leventis,

the Chief of Hellenic Army General Staff of

Pontian descent Lieutenant General Vasilios

Tellidis, and the Chief of the Hellenic Air

Force General Staff Lieutenant General Chris-

tos Vaitsis attended the event. The President

of the Armenian National Committee in

Greece (ANC Greece) Kerop Ekizian, Pontian

cosmonaut Theodore Giourtsichin-Gramma-

tikopoulos, Vice President of the Armenian

National Assembly Eduard Sharmazanov,

DISYPE president George Parcharidis, Prof.

Konstantinos Fotiadis, the President of

Greek National Union of Pontian Officers

George Tsalouchidis, the soprano of Pontian

descent Sonia Theodoridou, the Paralympic

athlete Gregory Polichronidis, the business-

man Ivan Savvidis, and the founder of Aege-

an Dimitris Melissanidis were also present.

An emotional audience watched with un-

diminished interest the performances on

stage, which emitted humanism and mes-

sages of militancy worldwide.

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R E T A I L

Aegean Presents D-Force Fuel to Northern Greece Service Station Owners

On June 16 Aegean presented its D-Force Diesel Fuel at the Hyatt Regency Hotel in

Thessaloniki. Numerous Northern Greece service station owners, in whose stations the new D-

Force fuel is now available, attended the event.

Iakovos Melissanidis opened the presentation with greetings and a few words.

Following Mr. Melissanidis, Anna Papatheocharis, a chemical engineer and the representative of the company that manufactures the additives for D-Force, presented the participants

with the properties and advantages of the new fuel, and Antonis Papadakis, Deputy CEO of Aegean Oil, briefed the station owners on the successive stages of tests and checks prior to the final selection and the marketing of D-Force within the Aegean service stations network.

After the presentation the quests enjoyed a reception at the outdoor area of the Hyatt in an extremely pleasant and relaxing atmosphere, while the dance group of the “Akrites of Pontos” cultural association pro-vided the guests with a performance to remember.

1, 2. The presentation of D-Force in Thessaloniki 3. The outdoor reception at the Hyatt 4. The dance group of the “Akrites of Pontos” cultural association 5. Northern Greece service station oper-ators 6. Iakovos Melissanidis (center) with members of the “Akrites of Pontos”

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HELLENIC ENVIRONMENTAL CENTER

Presentation at the Port of Alexandroupolis

On June 9 HEC hosted a presentation on the protection of the marine environment and

the application of appropriate rules and regulations at the request of the Port Authority of

Alexandroupolis. Staff, officers, and members of the Alexandroupolis Port Authorities were

present at the event.

Theo Gavrielides, HEC’s partner in Eastern Mace-donia and Thrace, informed the executives of the Alexandroupolis Port Authorities on topics such as

types and quantities of waste, environmental legislation, international, EU and national legislation on waste man-agement, as well giving the HEC company profile. The participants found the presentation very interesting and had numerous questions for Mr. Gavrielides.

Concluding his speech, Mr. Gavrielides said that what must emerge from his presentation is improved coordina-tion in the process of control and waste reception from the Alexandroupolis Port Authorities and the concessionaire company, HEC.

The Alexandroupolis Port Authority representative agreed with Mr. Gavrielides’ proposal and everyone con-

curred that such events that aim at information sharing should take place with the participation of port users.

Distinction of HEC at the European Business Awards for the EnvironmentOn March 30 the Greek Association of Environmental Protection (PASEPPE) and the European Commission's

Environment Directorate (DG Environment) announced the winners of the European Business Awards for the

Environment (EBAE).

HEC is among the finalists in the third category (Process Award) and in the subcategory “Busi-ness & Biodiversity Award.”

The competition is open to companies, organizations, and

public and private institutions that successfully combine innovation, economic viability, sustainable development, environmental protection and commitment to the circular economy. The award ceremony will take place in Tallinn in October 2016.


A E G E A N G L O B A L

Aegean Global Market Trends

On the occasion of Posidonia 2016, executives from Aegean’s global network of bunker stations

met in Athens. Aegean News presents up-to-date market trends from around the world.

Gregory Robolakis General Manager Aegean Marine Petroleum S.A.

Greece this year is benefiting from in-creased cruise traffic and therefore pros-pects for the entire season are improved.Aegean positively capitalized on this trend and of course we are positioning better due to our infrastructure, reputation, pricing, service and our growing global brand name.

Captain Christopher RobertsAegean Bunkering USA (LLC) Regional Manager Americas, New York

On the East Coast of the U.S. Aegean is positioned well because we always have supply and our operations staff is second to none. The ship-owners know that when they do a deal with Aegean it will be done properly and professionally. The market is starting to trend upward and it is a dogfight (especially in New York.) Cur-rently there are six suppliers in New York so it is an extremely competitive market. All the more need to be on top of every-thing operationally.

Salvatore DragoDirector, Global Trading, New York

Our ability to source and blend fuel oil from around the globe has been a great asset to Aegean as we continue to expand our bunkering business in locations such as Port Elizabeth.


Boris Gronenberg Marketing, Marine Fuels Managing Director, Hamburg

Aegean in Hamburg has been growing steadily since opening operation almost two years ago. We are proud to have es-tablished our presence in this market with strategically located storage facilities and would like to thank our German partners for their continuous support.

Dennis HoGeneral Manager, Singapore

The year 2017 presents an exciting time for Aegean in Singapore when mass flow meter (MFM) supply becomes compulsory on all bunker tankers. Aegean’s barges have all been fitted with approved MFMs. Together with our expertise on cargo sourcing and our already well-regarded supply capabilities, we are ready to em-brace the new regime.

Alvaro Marques de AzavedoManaging Director, South American, Rio de Janeiro, Brazil

2016 is the right time for the start of operations for Aegean in South America. Certainly it is a challenging market as ma-ny countries find themselves amid a crisis but, on the other hand, it is a time of op-portunities and market changes.With Aegean’s expertise in the physical markets we will be able to develop new business niches, not only in established markets but also in remote locations.

Andrew Ananiev St. Petersburg, Russia, Director

Although the Russian market experienced a steady volume rise in early 2016, the Aegean Neva office managed to add ma-ny new clients to it’s portofolio. We also welcomed recent news the cooperation agreement between Rosneft and Hellenic Refinery as a sign of improving economic relations in the industry.

Jonathan McllroyBunker Trading Manager, Piraeus

Globally, Aegean’s strategy is to expand back to back trading worldwide, benefit-ting from the existing presence of a mar-ket-leading physical supply network.

Tony VertommenManaging Director, North West Europe, Antwerp, Belgium

In a huge market like the ARA, every day starts as a challenge. Nevertheless we at Aegean manage to maintain and even strengthen our position, being the top supplier covering all ports of our area. This is only possible due to the profes-sionalism of our complete staff in combi-nation with our logistic infrastructure.


F L O W S A N D C U R R E N T S

Shipping Industry Needs More Seafarers

Unless seafarer-training levels are in-

creased significantly, the growth in demand

for seafarers could generate a serious

shortage in the total supply of officers.

An additional 147,500 officers will be

required by 2025 to service the world

merchant fleet. The IMO (International Mar-

itime Organization) reports that the current

shortfall stands at 2.1%, amounting to

some 16,500 officers, and some officer

categories are in a especially short supply, including engineer officers at management level

and officers needed for specialized ships such as chemical, LNG and LPG carriers. Although

the global supply of officers is forecast to increase steadily, increasing demand will most

likely outpace this. In the past five years the industry has made good progress with increas-

ing recruitment and training levels and reducing officer wastage, as the report estimates

that there is a current surplus of 15.8%, about 119,000 ratings, with demand only having

increased by about 1% since 2010.

Interactive Map Shows Global Ship Movement Large ships carry about eleven billion tons of cargo around the world every year. Ships transport all kinds of goods from port to port and that is what makes the global economy go round. Now there's a great way to visualize this entire pro-cess, through an interactive map from the UCL Energy Institute, which traces container ships, dry bulk carriers, oil and fuel tankers, gas carriers, and ships transporting vehicles by type. One can even zoom in on different regions. The researchers assembled data from the thousands of commercial ships that moved across the ocean in 2012. They then worked with the data visualization studio Kiln to make this map. https://www.shipmap.org/

Divers Explore A 1,600-Year-Old Roman Shipwreck At first divers stumbled across

a sculpture partially buried in

the ocean floor 30 miles from

Caesarea. That discovery led to the

remnants from a 1,600-year-old

shipwreck off the coast of Israel.

The Israeli Antiquities Authority

examined anchors from the ship,

water jugs, fragments of full-size

statues, smaller sculptures and

lamps, including one of the Roman

sun god Sol, as well as two large

clumps of coins, which helped give

experts an idea of when the ship

sank. Two Roman rulers depicted

on the coins helped researchers

place the shipwreck between 300

and 500 A.D.

Experts can't say for certain what

caused the ship to sink. They the-

orize it tried to anchor itself in

place during a storm but ended up

smashing against nearby rocks and

a seawall. Weirdly enough, winding

up on the ocean floor might have

helped the relics survive the last

several centuries. Experts believe

the ship was taking them to be

melted and recycled.


Warmer Ocean Waters Powered El Niño, Scientists Say

El Niño (Spanish for "the boy") is the warm phase of the El Niño Southern Oscillation and is asso-ciated with a band of warm ocean water that develops in the central and east-central equatorial Pacific. The phenomenon is accompanied by high air pressure in the western

Pacific and low air pressure in the eastern Pacific and causes global changes of both temperatures and rainfall. A new study provides insight into how the current El Niño, one of the strongest on record, formed in the Pacific Ocean. The new research finds easterly winds in the tropical Pacific Ocean stalled a potential El Niño in 2014 and left a swath of warm water in the central Pacific. The presence of that warm water stacked the deck for a monster El Niño to occur in 2015, according to scientists.

A History of the Postwar Greek Shipping Industry Hits the Bookshelves Gelina Harlaftis’ "Greek Shipowners

and Greece: 1945-1975, From

Separate Development to Mutual

Interdependence" (2015) outlines

the basic structure of Greek shipping

firms, analyzes the Greek shipowners'

ties to the rest of the Greek economy,

as well as the specific problem and

policy dilemmas that are associated

with these ties. Harlaftis, a Professor

of Maritime History in the Department

of History at the Ionian University on

the island of Corfu, explains that the

reasons for the Greek Shipping’s enor-

mous expansion after the Second World

War have been the subject of consid-

erable debate and the net benefits to

Greece—as distinct from the welfare

of individual entrepreneurs—have

also been the focus of discussion. The

book provides a thorough account of

this perplexed but extraordinary story

while the body of data presented and

analyzed makes it possible to form an

informed historical view of Greek pre-

eminence in sea transport.

One of the Largest Cruise Ships in the World In Piraeus The prestigious Ovation of the Seas sailed into Piraeus this past May. PPA executives greeted

the captain and crew at the port. The impressive ship, which started its maiden journey in

Trieste, measures 348 meters in length, weighs 168,666 tons and can accommodate 4,180

passengers. With 1,300 crewmembers, the Ovation spans 18 decks and features 2,091

cabins. The ship, recently constructed at the Meyer Werft shipyard in Germany, is intended for

the Far East and China markets. Passengers get a choice of 18 restaurants and virtual cabins

with a balcony and internal units with large digital displays that ensure that every room has a

view. What's more, a glass capsule, which rises 300 feet above sea level, offers passengers

a 360-degree view.


P O S I D O N I A

Posidonia 2016Athens once again hosted the global shipping community at Posidonia 2016, the world’s most

prestigious maritime event, held at Athens Metropolitan Expo June 6-10.

Visitors

22,000Exhibitors

1800Countries Represented

90Square Meters

40,000

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Posidonia 2016 in Numbers


M ore than 22,000 shipping industry professionals vis-ited Posidonia to meet,

network and do business with more than 1,800 exhibitors from 90 coun-tries deployed across 40,000 square meters.

Prime Minister Alexis Tsipras inau-gurated Posidonia 2016 with Minister of Shipping and Island Policy, Theo-dore Dritsas. The inaugural ceremony was attended by heads of states, Eu-ropean Union officials, Greek cabinet members, foreign maritime ministers, ambassadors, board members of the Union of Greek Shipowners, chair-men of international organizations as well as some 1,800 exhibitors and delegates from around the world.

“Posidonia 2016 has managed to set new records in floor space, num-ber of conferences and seminars as well as visitor numbers showcasing the unrivalled appeal the event enjoys amongst the world’s maritime com-

munity,” said Theodore Vokos, Exec-utive Director, Posidonia Exhibitions S.A, the event’s organizer.

“The vote of confidence we receive from our repeat exhibitors is a rec-ognition that gives us the confidence and drive to work even harder to fur-ther improve the overall experience of those who honor us with their par-ticipation and attendance every two years,” he said.

Posidonia 2016 was held under the auspices of the Greek shipping community and the five major asso-ciations representing Greek shipping interests: Ministry of Maritime Affairs & Insular Policy, Municipality of Pi-raeus, Hellenic Chamber of Shipping, Union of Greek Shipowners, Greek Shipping Cooperation Committee, Hellenic Shortsea Shipowners Asso-ciation and Association of Passenger Shipping Companies.

The next Posidonia event sched-uled to be held June 4-8, 2018.

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Professional Learning

A rich program of conference ses-

sions, focused workshops and

seminars were held at the venue.

Chaired by industry leaders and tech-

nical experts, the education events

addressed issues, challenges and

opportunities facing the industry.

Posidonia 2016 also hosted the

Tradewinds Shipowners Forum at the

Posidonia conference hall.

The Posidonia Games

A highly popular part of the Posidonia

business social mix, the games appeal

to the competitive nature of shipping

professionals but in a spirit of friendly

rivalry. The Posidonia Games program

included the Posidonia Cup yacht race,

the hugely popular five-a-side Posido-

nia Shipsoccer Tournament, the Po-

sidonia Golf Tournament and the new

addition to the Posidonia program, the

Posidonia Running Event.

1. Prime Minister Alexis Tsipras2. Cutting the ribbon3. President of the Opposition Kyriakos Mitsotakis arriving 4. Posidonia live5. The Opening Ceremony


P O S I D O N I A

Aegean at Posidonia 2016

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Executives from Aegean Marine Petroleum, Aegean Shipping Management, Aegean Oil, Ae-

gean Lubricants, Aegean Agency and HEC were on hand daily to meet customers from around the world, to introduce the company and its many products and services to new visitors, and to discuss trends and challenges in today’s market.

George Melissanidis of Aegean Shipping said, “Posidonia is a key event for Aegean. We are able to take a pulse of the market with face-to-face meetings, renew relationships with established and new customers, showcase our expanding portfolio of products and services, and forge new partnerships.

We are also proud that Greece, a global leader in shipping, hosts this event. The accomplishments of the Greek shipping industry are well known. The influence of our country in one of the most crucial sectors in the world is reflected in the success of Posidonia and we look forward to even greater success, both at Aegean and in the role of Greece.”

Rania Atmatzidou-Agiostratitis, of Hellenic Environment Center, said, “For HEC, Posidonia means commu-nication with customers and potential customers in a professional yet re-laxed environment, where everyone is focused on new ideas, new projects, and new relationships. Hellenic Envi-ronment Center, as it expands opera-

tions, is dedicated to providing the best service in the market and Posido-nia allows us to spotlight our strengths and pioneering role.”

Aegean was well represented at Posidonia 2016, with two impressive exhibition spaces, for both

Aegean and Hellenic Environment Center.

1. Grigoris Rompolakis, George Giotas, Pavlos Ioannidis, George Melissanidis, Maria Kritikou, Ilias Syrros, Mara Giogaki, and Nikolaos Hondos

2,6. The Aegean Posidonia 2016 booth 3. George Melissanidis welcomes guests at the Aegean

booth4. Gkratsiela Kladis, Kostas Prearis, Eleftheria Antonellou,

and Mary Skafida 5. Jason Ktenas, Mary Skafida, Gina Panousi, Gkratsiela

Kladis and Gavrilos Paravalos7,8. The HEC Posidonia 2016 booth9. John Agiostratitis, Panagiotis Stamatogiannis, Rania

Atmatzidou, and George Melissanidis

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7 8 9

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1 2

A egean once again hosted one of the most impres-sive parties of the entire Posidonia week. More than 3000 guests enjoyed an evening of conver-

sation, networking, relaxing, dining, cocktails, entertain-ment and music until the wee hours of the morning. The event was held June 9 at Balux Prive on the Athenian Rive-

ra. The Romanos Orchestra greeted guests with a selection of classics dating back to the ‘40s. Then Thanasis Polykan-driotis and Syrtaki Dancers provided a traditional Greek identity to the evening followed by Pontian Dancers. The Goldsingers followed before the star of the evening, Anto-nis Remos, entertained the guests with his signature sound.

The Aegean Party

P O S I D O N I A


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5 6

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1. Amalia Vardiogianni and Spyros Kapralos 2. Julie Kammenou, Ilias Kammenos, Sophia Sodi, and Panos Kammenos 3. Irene Ntaifas and Antonis Komninos 4. Jenny Melissanidou, Dimitris Melissanidis, and Marianna Latsis 5. George Melissanidis and Eva Kaili 6. Christos Papazis and Hala Khoury 7. Eleonora Meleti 8. Aspasia Leventi, Evagoras Leventis, and Vassilis Leventis


Π Ο Σ Ε Ι Δ Ώ Ν Ι Α

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13 14 15

9. Loukia Matsa, Ileana Evert, Petros Doukas, and Marina Douka10. Zoe Tsitsani and George Tsavliris 11. Mema Simonetatou and Nikos Agapinos 12. Tawfic Khoury, Dimitris Melissanidis, and Harris Pampoukis13. Marina Lalioti and Kostas Laliotis 14. Ilias Psinakis and Miltiadis Varvitsiotis15. Thanasis Kyratsous and Della Rounick 16. Paris Kasidokostas, Eva Kaili, and Miltos Kambouridis17. Nikos Tsavliris and Maira Tsavliris 18. Kostas Martakis and Erietta Kourkoulou 19. Soumela Fotiadou, Stella Lazaridi, Dorothy Papadogiannis, and Mary Skafida

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How did Aegean Marine Petroleum get its start?Marine fuels have been the cornerstone and the base on which the network of Aegean was built. It all began in 1995 when Mr. Dimitris Melissanidis established the first bunkering station and started to trade marine fuels in the largest port of Greece, Piraeus. Since then, the expansion of the company in the international markets commenced and the bunkering stations and vessels multiplied spectacularly, leading Aegean to the top of physical suppliers worldwide. This expansion and broadening of Aegean’s business ac-tivities in the international markets and the promising prospects opening up, together with the new ambitious plans, led to the foundation of Aegean Marine Petroleum Network, which in 2006 entered in the New York Stock Ex-change (NYSE), a development that changed the business scene and opened new prospects for Aegean.

Today’s fleet is more than 60 vessels. What are the greatest challenges in managing this fleet, based around the world?• The worldwide expansion and presence in various differ-

ent countries around the globe. Station set-up and opera-tion in countries with completely different business and social cultures requires quick adaptation to local customs.

• The diversification of AMPNI’s operations. Apart from traditional bunkering operations near large ports, the trade has expanded to ocean bunkering and chartering of vessels for the carriage of petroleum products, which in turn require frequent relocation of vessels.

• Fleet variety. Presently ocean going product tankers, in-land self-propelled barges and towed barges are operated around the world. The operational and statutory require-ments vary greatly between different vessel types and regions of deployment.

• Cost effective technical management and maintenance. Bunkering stations all over the globe and the operation

of vessels in different, sometime remote, trading areas in a constantly changing economic environment is by itself a huge task which requires careful planning of scheduled maintenance tasks as well as unforeseen damages or equipment failures.

• Logistics of spares/stores/supplies: The large number of the vessels in the fleet and their varying locations require extra efforts for their cost effective and smooth, uninter-rupted supply.

• Personnel aspects: Proper fleet operation and mainte-nance of the ships depends, greatly, on the quality of the shore and onboard personnel. The variety of vessels and operating regions poses additional challenges to the sourcing of qualified personnel, suitable for the specific tasks at each location.

Today’s market is challenged with slowed growth and high competition. How would you describe the difficul-ties—and Aegean opportunities—of dealing with this mixture of issues? The market has been in a prolonged state of flux since the onset of the financial crisis in 2008. The oil and shipping sectors have been particularly hard hit and as the bunker market effectively sits between both of these industries it means the business has experienced pressure. Aegean has met these challenges by focusing on its core values—pro-fessionalism of service, competitiveness in price and stra-tegic innovation. The combination of Aegean's financial strength, global physical presence, long-term experience and strong strategic management has enabled the group to handle the challenging market situation. Additionally, Aegean has been uniquely well-placed to identify and react to those commercial opportunities that have surfaced as a result of the pressures in the global bunkering and shipping industries as shown by new developments which have expanded the physical network. Aegean believes that it is

Nikolaos Hondos, General Manager of Aegean Bunkering Services Inc., discusses Aegean’s position as the

world’s largest independent physical supplier of bunkers.

Aegean Marine Petroleum—

A Global Leader

T H E A E G E A N I N T E R V I E W


capable to further consolidate its position as the world's number one independent physical supplier even in these tough trading conditions.

There is an increasing concern for Safety and Environmen-tal in shipping. How does Aegean address such concerns?It is Aegean’s policy to provide healthy and safe working con-ditions, promote and enhance safety as a work culture, pre-vent loss or human injury and avoid any adverse impact on the environment (marine or otherwise) including property.

Besides having a structured Safety & Environmental Management System to ensure compliance and conformity with IMO regulations and other applicable national and in-ternational regulations, relevant standards and guidelines, Aegean is also certified against environmental excellence with ISO 14001:2009.

Aegean focuses on:• Safe and Secure operations (no loss of human lives or

injuries or damage of the ship or her cargo—no security violations)

• Environmental friendly operations (i.e. Zero spill and or air pollution incidents)

• Establishing safeguards against identified risks, through proper Risk Management

• Continuously improving Safety Management skills of personnel ashore and aboard ships, including preparing for emergencies related to safety of human life, property and environment

As the largest independent physical supplier in the world, how does Aegean view the future of the market, especially in light of the recent Posidonia exhibition held in Athens?Aegean remains firmly committed to its strategic focus on being the world's largest independent physical supplier and will continue to innovate to boost that position. We believe that the consolidation of the bunker sector in the past decade will continue, creating a market-leading group of globally-active, high-volume companies with the financial strength and strategic vision to manage these challenging markets. Aegean sees itself at the forefront of this group, benefitting from an expanding global presence in the phys-ical supply markets and growth in back-to-back trading. This year's Posidonia underlined the resilience of both the shipping and bunkering industries after eight challenging years since 2008. One of the clear messages that emerged from Posidonia is that shipping and bunkering companies are partners in facing these market challenges. Successful long-term partnerships depend on trust, good communi-cation and high standards of professionalism. Aegean is

confident that it has such partnerships with its shipping clients and that this will contribute to all parties being able to successfully navigate the current market difficulties.

And how do you view the future of Aegean, as it rapidly expands, most recently in South Africa and South Ameri-ca and with your new back-to-back capabilities?Aegean is optimistic. The group is confident in its business model and constantly monitors the markets to identifying commercial opportunities and innovate new bunkering solu-tions that meet clients' needs. The development of the physi-cal supply station in Algoa Bay (South Africa) is an example of Aegean's ability to identify trends in global shipping and bunkering markets and innovate by creating South Africa's first physical supply station at anchorage. The Algoa Bay op-eration is an ideal bunkering solution for shipowners and operators with tonnage engaged in trans-Atlantic, East-West and North-South trades and the response from clients has been overwhelmingly positive. Aegean is currently evaluat-ing new physical supply stations in various South American markets in a further sign of the group's commitment to stra-tegic expansion and ongoing innovation. The addition of back-to-back trading on a global basis to complement the group's worldwide physical supply presence has been the lat-est step in offering a truly comprehensive range of bunkering solutions and has been welcomed by customers that trust Aegean professionalism and competitiveness.

Nikolaos Hondos

Aegean remains firmly committed to its strategic focus


S T A T I O N S O F T H E M O N T H

Please tell us about your business and your area. Our service station is located in Vas-silika on the Thessaloniki-Polygyros road. It is a quiet location in the vil-lage. 90% of our customers are steady customers from the region.

The station occupies an area of about an acre and includes a car wash and a lubrication station. We sell Aegean car fuel and lubricants, and have two tanker trucks for heat-ing oil distribution. Distribution is of great importance to us. Each year we sign up an additional 300-400 customers.

Are there a lot of service stations in your area? How do you deal with the competition? What do your clients think of Aegean fuel? Five othrt service stations operate in our area, not too far away from ours. As you can understand, since the town is pretty small, this number (of service stations) is quite large, so there is harsh competition. Nonethe-less, I am confident that customers prefer our service station. It has to do with the Aegean brand and their personal relationship with us. Every-thing matters. This is how we manage to survive.

When was this service station estab-lished? How long have you personal-ly been in the fuel business? We opened this service station eight

years ago. I was not involved in this type of business before. It is a family business. My children and I work here and I don’t employ any staff.

Have you been with Aegean since the beginning? How did you choose Aegean?We have been collaborating with Ae-gean since the beginning. The reason is that they offered us the best deal.

What is your impression of your col-laboration so far?Our collaboration is excellent. Aegean supports us. They have recently up-graded and renovated our service sta-tion. They painted everything and did what they had to do to renovate the service station. So far, they have been there to give us what we need and of-fer their help. I would say our rela-tionship is ideal.

Athanasios’ service station is located in Vassilika, Thessaloniki. We spoke with him about his

business and his collaboration with Aegean.

The Best Deal Athanasios Raptis & Co., Thessaloniki

Aegean has recently upgraded and renovated our service station

Mr Raptis’ service station

Thessaloniki is the second most populous city and area in Greece. The area’s rich history stretches back to the Hellenistic period. Vassilika is a town of Thessaloniki that belongs to the municipality of Thermi. The first known mention of the name “Vassilika” dates back to 1094 in a Mount Athos document.

THESSALONIKIVASSILIKA | 40.485981,23.137961


Have you been involved in the fuel business for a long time?I have been actively involved in the fuel business since 1996. Neverthe-less, this [service station] is a family business that was established in 1968.

Please talk to us about your service station.We sell car fuel, car lubricants, and heating oil. We also run a car service station and a coffee shop. On the side we also run a company called Corfuel (www.corfuel.com) active in fuels and yachting services.

When did your collaboration with Aegean start?Approximately two years ago.

What made you decide to trust Ae-gean?Everything was a matter of timing. I had to take a step forward. I studied Aegean’s course from 1995 on and I spoke with company representatives. They were willing to answer all my questions "without expecting any-thing from me,” as they told me. And of course the "icing on the cake" was

Iakovos Melissanidis. Straight talk. He welcomed me as a friend. He trusted me. So he won me over.

How is your collaboration with Aege-an today?Our cooperation is very good. We proceed looking forward.

Talk to us about your customers.After so many years in this field we have built a strong relationship with our clients. We are there for them and they support us. We have a large clien-tele base and strive to overcome the dif-ficulties of our time by helping them as much as we can. And they reciprocate.

How does your clientele respond to the Aegean brand?In the beginning the Aegean brand seemed strange to them, as it was not well known on the island. But they trusted us and they were happy with the fuel quality. Now they are telling us that we should have switched over to Aegean years ago.

Is there a lot of competition in your area? How do you deal with it?There is a lot of competition from vari-ous companies. We are who we’ve al-ways been. We don’t do something dif-ferent. The Aegean brand takes care of the rest.

A Step ForwardKostas Pagratis & Co., Corfu

Mr. Pangratis’ service station is located in the busiest part of the island, at a distance of one

kilometer from the port and airport of Corfu on Paleokastritsa National Road (Alikes area).

Aegean News spoke with Kostas about his business and his involvement in the field of fuel.

Iakovos Melissanidis welcomed me as a friend. He trusted me. So he won

me over.

The service station of Mr Pagratis

Located at the entrance of the Adriatic Sea, near the coast of Agii Saranda (Albania), Corfu is the second largest of the Ionian Islands and forms the northwesternmost part of Greece. Renowned for its beauty, Paleokastritsa, a coastal village northwest of the town of Corfu, lies just south of the Byzantine castle Angelokastro. Scholars argue that Paleokastritsa was the ancient capital of Corfu where Nausicaa found Odysseus.

CORFUPALEOKASTRITSA NATIONAL ROAD- ALIKES POTAMOU AREA | 39.630672,19.884866


M A R I T I M E T R A D I T I O N

The Traditional Boat Asso-ciation of Greece aims first and foremost to preserve old

wooden hulls (such as Trehandiri, Karavoskaro, Perama, Tserniki and others) and restore them. The asso-ciation also promotes laws that favor the use of traditional boats for tour-ism and favor traditional boat yards. In addition, they work to protect the marine environment. One of their goals is to establish a maritime mu-seum of traditional boats. The asso-ciation also takes pride in their effort to teach young people traditional sailing techniques and traditional boat building.

At the EU level, association mem-bers have been trying to bring to the attention of the European Union

the extinction of traditional boats through the practice of subsidies. To stop this practice they are trying to introduce a program that will allow them to salvage and restore more tra-ditional hulls, which are historic mon-uments, through private ownership.

Traditional Boat ShowAs part of their attempt to preserve and promote Greek maritime tradi-tion, the Traditional Boat Association of Greece organized in May 2016 the 4th Traditional Boat Show on the is-land Poros, in collaboration with the island’s Municipality and the Munic-ipal Port Authority. Visitors had the opportunity to see rare traditional wooden hulls decorated with flags and pennants.

The boat show also included two musical evenings with traditional island music, as well as two exhibi-tions: the exhibition of photographs by American photographer Robert A. Mc Cabe, entitled "Aegean Boats 1954 - 1964" at the Citronne Gallery and a painting exhibition by Chrysa Dela-porta. There was also an impressive ex-hibition of boat paintings by the pupils of the Poros primary school.

The man of honor this year was the boat builder Stavros Tsikis who has built and repaired countless kaikis in Poros, many of which are still sailing on the Aegean Sea.

We thank the Traditional Boat Association of Greece for kindly providing the material for this article. For more information please visit the association’s website at http://www.traditionalboats.gr as well as their page on Facebook: www.facebook.com/traditionalboatshow.gr/

In November 1999 25 lovers of the old Greek shipbuilding art founded a cultural group

under the name "Friends of Traditional Boats" in Perama, Attica. In 2014 the group was

renamed and is now known as "The Traditional Boat Association of Greece.”

The Traditional Boat Association of GreeceReviving and Preserving Maritime Tradition since 1999


ΜilosKnown since prehistoric times, Milos is located in the Western

Cyclades and has features different than most Cycladic islands.

Its volcanic nature and unparalleled natural beauty, rich history,

great food and friendly people make Milos an incomparable

summer destination.

Must SeeMilos Castle Built on the hill of Prophet Elias in the town of Plaka, the Castle was created during the reign of the Duchy of Naxos and has no walls, but like most castles in the Cy-clades is a fortified settlement.

Museums Milos has five museums. Two stand out: the Archaeological Museum, which has a copy of the statue of Aphrodite of Milos, and the Mining Museum, which presents the min-ing history of Milos since prehistoric times.

The Catacombs of Milos

The catacombs of Milos are a unique Christian monument of great historical importance, since it functioned as a cemetery on Milos in the early years of Christianity.

Kleftiko Beautiful volcanic rock formations and deep blue waters characterize Kleftiko, a former anchorage of pirates and thieves on the south side of the island. Visitors can reach this beautiful cove only by boat from the vil-lages of Adamas and Kipos.

Sarakiniko On the north side of Milos lies a beautiful geological peculiarity. Volcanic ac-tivity millions of years ago and erosion from the north winds and the sea have sculpted a unique lunar-like landscape that promises lov-ers of the sea an unforgettable experience.

Klima This is the most picturesque of all the traditional villages of Milos. The colorful hous-es next to the blue-green sea offer the visitor a unique experience.

T R A V E L W I T H A E G E A N

Aegean service station

Because of Obsidian, a precious mineral of the Stone and Bronze Age, Milos has been popular since the prehistoric years. The intense vol-canic activity gave Milos its current geological features that are full

of contrasts and compose the exceptional beauty of the island.

Venus de Milo The famous statue of Aphrodite of Milos was discovered by a Greek farmer in a field at the archaeological site in the village of Klima. Today the statue is located at the Louvre Museum in France. It is an incomparable model of femininity and female beauty, known throughout the world.

I Protect the Environment-I Safeguard my FutureBy staying informed about what is happening in the world and by passing the information on to

others, we are taking a significant step toward the protection of our planet.

CHILDREN AND THE ENVIRONMENT

30

The Lost Kingdom of Cleopatra


I BECOME INFORMED - I INFORM OTHERS - I ACT


Many advanced ancient civilizations ended due to earthquakes

or other natural disasters. Precious objects and ruins of ancient

cities are lost in the depths of lakes, seas and oceans worldwide.

Such is the lost kingdom of Cleopatra, which was discovered

buried beneath the deep waters.

Lost for 1,600 years, the royal quarters of Cleopatra were dis-

covered off the shores of Alexandria. Cleopatra VII Philopator

(69 – August 12, 30 BC), known to history as Cleopatra, was

the last pharaoh of Ancient Egypt.

She was a member of the Ptolemaic dynasty, a family of Greek

origin that ruled Egypt during the Hellenistic period after Alex-

ander the Great’s death.

It is commonly believed that an earthquake and tidal waves

destroyed Cleopatra’s empire.

A team of marine archaeologists, led by Frenchman Franck

Goddio, began excavating the ancient city in 1998. Historians

believe earthquakes and tidal waves submerged the site, yet as-

tonishingly, several artifacts remained largely intact. Among the

discoveries were the foundations of the palace, shipwrecks, red

granite columns, and statues of the goddess Isis and a sphinx. It

is a truly amazing underwater site for archaeologists who have

so far discovered 20,000 sunken treasure objects.


Aegean’s websiteswww.aegeanoil.comwww.ampni.com

Aegean Energy for the FutureAegean is Greece's most dynamic energy, petroleum, and shipping group. The company has a network of retail gas stations throughout Greece, is active in marine fuels and lubricants, and operates a fleet of tankers and barges inter-nationally and domestically to transport petroleum and bunkers for its global base of clients.

RETAIL MARKETThrough its fast-growing network of gas stations, Aegean supplies drivers in Greece with gasoline and automotive lubricants. Aegean’s modern, well-maintained gas station network has won the trust of drivers due to the high quality products and services it offers at competitive prices. In addition, Aegean directly supplies large industrial clients with petroleum products of all grades, owing to the consistency and service of its transactions.

BUNKER FLEET NYSE listed Aegean Marine Petroleum Inc., with an exclusively double hull fleet—of which nine ships are newbuild-ings—is the natural supplier of marine fuels at 12 of the most significant ports in the world. Furthermore, with its 22 newbuildings program in progress and the continuous opening of new stations, it is one of the most dynamically developing divisions Of the Aegean Group.

BUNKERING Aegean provides one of the most efficient and responsive bunkering services to clients worldwide. Its ships never stop sailing and its services are available 24 hours a day, 365 days a year. Aegean operates bunkering stations in Piraeus and Patras, and in Gibraltar, Amsterdam-Rotterdam-Antwerp, Fujairah, Jamaica, Singapore, Trinidad & Tobago, Portland UK, Vancouver and Montreal, Mexico, Tangiers, Las Palmas and Tenerife, Panama, Barcelona, Algeciras, Baltimore, Philadelphia, New York, Norfolk, Charleston, Los Angeles and Long Beach, Hamburg, the Gulf of Mexico, St. Petersburg, South Africa and Brazil. All its products are ISO 8217 certified. The Company, which is a member of IBIA and is ISO 9001 certified, is well positioned on the FOBAS White List.

SHIPPINGAegean's fleet of ships is at the heart of its superior service worldwide. Its vessels operate in full compliance with EU and international standards, are all certified by ISM, ISPS and MLC as well as with ISO 9001, 14001, 18001 and 50001 and are in complete compliance with SOLAS and MARPOL regulations. Aegean continually adds to its fleet of ships, which transports oil cargoes worldwide on behalf of major oil companies, commercial clients, and Aegean customers. Its new GreenFleet (http://www.green-fleet.gr) incorporates the latest technologies to ensure reduced operating costs and reduced emissions, while increasing overall performance.

LUBRICANTSAegean produces and markets high performance lubricants for vehicles and industrial use under the Aegean brand and, for the marine market, under the ALFA brand. ALFA marine lubricants are certified and approved by the largest marine engine manufacturers in the world.The resources of our company and our follow–up service create our success-ful relationships and allow Aegean to supply lubricants in more than 550 ports worldwide.

ENVIRONMENT-HECThe Hellenic Environmental Center collects, transports and processes oil residues from ships and land units (industrial, shipyards), while it also manages all liquid resi-dues produced by ships. In order to carry out its work HEC has the most state-of-the-art equipment, consisting of floating separators, a fleet of pollutant-collecting tankers, and well-equipped tank trucks.HEC acts to protect the marine environment and at the same time contributes significantly to the saving of energy with the recycling procedures it uses to transform the reclaimed pollutants into energy resources.

TRADINGAegean is dynamically active in the trading of crude oil and petroleum products worldwide. The Trading Department is comprised of dedicated and professional individuals who combine high level expertise and a great many years of experience in the oil industry. Petroleum products are supplied to a broad spectrum of customers who comprise the company's portfolio. Aegean has acquired its credibility from the high quality of the services it provides to suppliers and ship owners, a fact that supports the company’s ambitions for the achievement of long-range goals in the energy sector worldwide.

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Posidonia 2016