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									 Aegean News
 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
                                                          AUTUMN 2008

    3 Years
  in Jamaica

Steve Leonard

New Contracts

 Children and
the Environment
 Flows & Currents
                          Marine lubricants
 Maritime Tradition                       A New Global Brand
                           Rightly so, consumers around the world are deeply
                                                                                        Core activities
                        concerned about the financial crisis that is destabilizing
                        markets globally and creating a sense of uncertainty at al-
                        most every level of society. In parallel with a global credit
                                                                                        à	AEGEAN	OIL	has	established	a	gas	sta-
                        crunch and a severe testing of the banking industry, en-            tions	 network	 throughout	 Greece,	 and	
                        ergy worries continue to concern policy makers, industry,           is	one	of	the	fastest	growing	companies	
                        business owners, and everyday citizens.                             in	the	retail	market.	AEGEAN’S	gasoline	
                                                                                            market	share	in	Greece	is	9.1%.
                           In addition to the radical swings we have witnessed
over the last several months in the price of oil—rapidly increasing to 147 dollars
a barrel before receding just as quickly to less than 50 dollars—the public is con-
cerned about diverse sources of energy, stable supplies of energy, and the effect our
                                                                                        à	 AEGEAN	SHIPPING	manages	a	fleet	of	
energy consumption has on the environment.                                                  tankers,	ranging	from	3,500DWT	to	
  Coupled with these serious concerns is the sudden increase of commodity prices            100,000	DWT,	that	transfers	and	delivers	
                                                                                            oil	to	our	clients	throughout	the	world.	All	
that can have devastating effects on developing economies. Add in the abrupt de-            ships	meet	ISM	standards.
preciation of the Euro against the U.S. dollar, complex political developments, and
the current climate is indeed one that is the most challenging of our generation.
  Aegean has long held that stability in markets, whether they be energy markets, fi-   Bunkering
nancial markets, or commodities markets, is the cornerstone to responsible growth.      à	In	Piraeus,	Gibraltar,	Kingston,	Ocho	Rios,	
                                                                                            Montego	Bay,	Antwerp,	Portland	UK,	Te-
  If healthy global trade is to continue to benefit the world’s citizens then growth
                                                                                            ma	in	Ghana,	United	Arab	Emirates,	Sin-
must be based on systems and policies that ensure responsibility and accountabil-           gapore,	Montreal	and	Vancouver,	AEGEAN	
ity. Free markets are the foundation for democratic societies, research and innova-         MARINE	PETROLEUM	is	a	leader	in	provid-
tion, and solutions to our most pressing needs. It is up to all of us to ensure that        ing	the	best	bunkering	services	available.	
                                                                                            In	Piraeus,	AEGEAN	MARINE	PETROLEUM	
our markets operate with transparency, with the correct regulatory mechanisms in
                                                                                            is	the	market	leader	in	bunkering.
place, and with stability of prices. In this way, energy will be a secure and depend-
able commodity for every citizen and business.
                                                                                        Agency Services
                                                                                        à Ships	from	around	the	world	rely	on	AEGE-
                                                                                            AN	AGENCY	services	at	Piraeus,	Gibraltar,	
                                                                                            and	Jamaica,	from	loading	and	discharg-
                                                                                            ing,	to	spare	parts	and	supplies.

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

                                                                                                         aUtUmn 2008 AEGEAN NEWS

10     Aegean	Bunkering	celebrated	three	
       years	of	operations	in	Jamaica
                                                   16        Mr.	Steve	Leonard,	Aegean	USA	Vice	President,	
                                                             speaks	to	Aegean	News	on	AMP’s	entry	into	
                                                             the	dynamic	North	American	market
                                                                                                              21       Aegean’s	ALFA	marine	lubricants	are	being	
                                                                                                                       delivered	with	tank	trucks	and	at	anchorage	
                                                                                                                       by	barges

                               Code: 5169     	 4	 AEGEAN	UPDATE		                                          R
                                                                                                        20	 	 ETAIL	
                                                                                                              Positive	Sales	Results	During	A'	Semester	2008	
 autumn 2008
 Aegean News	is published                          F
                                              	 8	 	 LOWS	AND	CURRENTS	
 quarterly by aeGean
                                                  Trends	and	News	in	the	Oil	and	Energy	Fields
                                                                                                        	21	 	 UBRICANTS	
 Publisher & Managing editor                                                                                  ALFA	Marine	Lubricants
 Raymond matera
 Contributing editor
 J. Georgana
                                              1 B
                                              	 0	 	 UNKERING	                                          26	 	 ELLENIC	ENVIRONMENTAL	CENTER	
 design                                           Three	Years	in	Jamaica                                      New	Contracts
 Printing and binding
 Korifi Publications Sa                       15	 	 HIPPING	
                                                  S                                                     27	 	 NVIRONMENT	
                                                  Newbuildings	in	Operation                                   Planet	Earth	SOS
 42 Hatzikyriakou Street
 185 38, Piraeus, Greece
 tel: +30 210 458 6000                        	16	 	 EGEAN	MARINE	PETROLEUM	
                                                   A                                                    28	 	 NVIRONMENT		
 Fax: +30 210 458 6241                                                                                        Children	and	the	Environment
 e-mail:                        Interview	with	Steve	Leonard	
 Internet:,                                                                                              M
                                                                                                        30	 	 ARITIME	TRADITION	
 Comments	and	suggestions		                       S
                                              18	 	 TATIONS	OF	THE	MONTH	                                     Greek	Seamanship	in	the	Byzantine	Period
 are	welcome.	
 Aegean News is	free	of	charge	and		              •	Efremidis	Ioannis-Nea	Santa	Kilkis		
 is	available,	subject	to	availability,	to	
 any	interested	person	or	organization.	
                                                  •	Markos	Grammenidis-2nd	Kilometer	N.R.			                A
                                                                                                        31	 	 EGEAN	IMAGE	
                                                  		Komotini-Xanthi	                                          Products	That	Say	“We’re	Different”
            Please	Recycle
                                                                                                                                         aUtUmn 2008 AEGEAN NEWS 
          A e g eA n         UpdA te

 Aegean Marine Providers Inc.
 Opens in Manila
 On July 15, 2008, after having fulfilled all the requirements of the Philippine
 Overseas Employment Administration and complying with the city
 government ordinances, the doors of Aegean Marine Providers, Inc. officially
 opened, with the primary objective to provide maritime labor to shipowners.
 The company, as a Manning Agent, is engaged in the selection, recruitment,
 hiring and deployment of competent, certified and qualified Filipino seafarers
 to cover aspects of ships' crew management. Moreover, the company is
 staffed with personnel who are qualified under Philippine laws to engage in
                                                                                               "AEGEAN ORION"
 a Manning Agency, as well as committed to comply with all applicable codes,
                                                                                               Joins Portland Fleet
                                                                                               Portland	Bunkers	International	Limited	
 guidelines, standards, rules and regulations in respect to maritime labor and
                                                                                               (PBIL)	announced	that	the	fully	refur-
 are responsive to the changing requirements of principals and seafarers.                      bished	"AEGEAN	ORION"	has	joined	the	
                                                                                               Portland	barge	fleet.	Intensive	work	has	
 Mr. Dimitris Karaboulis and Mr. Bibiano O. Reynoso are the men responsible
                                                                                               been	undertaken	in	an	effort	to	bring	the	
 for the efficient operation of the Agency.                                                    vessel	up	to	the	standards	expected	of	
                                                                                               AMPNI.	The	"AEGEAN	ORION"	(previously	
                                                                                               "Orion"),	at	less	than	600	tonnes	dwt,	is	
                                                                                               a	great	addition	to	the	Port	of	Portland	
                                                                                               infrastructure	where	she	supplies	only	
                                                                                               within	the	well	sheltered	harbour	inside	
                                                                                               the	breakwaters.

                                                                                               Logging On
                                                                                               Customers	and	associates	of	Aegean	
   Aegean	Marine	Providers,	Inc.                                                               may	visit	the	company’s	website,	www.
   3/A	BPI	Bldg.	1377	A.	Mabini	St.,	Corner	Sta	Monica	St.,	Ermita,	1000	Manila,	Philippines,	to	learn	about	the	com-
   Tel:	+632	525	3445	-	525	3241,	+632	710	3424	(wireless)                                     pany’s	activities.	Bunkering	customers	
   Fax:	+632	525	3241                                                                          may	register	online	to	conduct	business	
   Mob:	+639285075738                                                                          and	maintain	contact	with	the	bunkering	
   E-mails:,,                  department	at

 AEGEAN NEWS aUtUmn 2008
                                                                                          New Stations
                                                                                          in Aegean’s Retail
                                                                                          The	Aegean	network	is	growing	throughout	
                                                                                          the	country.	Listed	below	are	the	stations	
                                                                                          that	 have	 started	 displaying	 the	 Aegean	
                                                                                          Logo	during	the	past	three	months.
                                                                                          2nd KM DRAMA-KAVALA, DRAMA
                                                                                          CaRFoUR maRInoPoULoS S.a..
                                                                                          222 KM. Ν. N.R. ATHENS-THESSALONIKI,
                                                                                          STYLIDA FTHIOTIDA

"AEGEAN ORION" in Oil Spill Exercise                                                      tZoUnI KonStantInoU BRoS.
                                                                                          VROSINA IOANNINA
Approximately 20 shoreside and shipboard staff from PBI (Portland Bunkers                 ΖΙΑΚΑ SOFIA
International) and Aegean attended a course held by Portland Port’s resident              6 VARI-KOROPI AVENUE
environmental officer, who as an ex-employee of “Oil Spill Response Limited”              aRGyRIoU GeoRGe
(OSRL), is an expert in all aspects of anti-pollution measures. All attendees             TYBAKI-HERAKLION CRERE
                                                                                          KydonaKI-aLeVIZaKI CHaRoULa
received certification categorizing them as official Oil Spill responders after
the two day courses which culminated in a major response drill. The drill was             AG. GEORGIOS, VERIA
                                                                                          LIatSoS tHomaS
attended and observed by all local concerned bodies and involved a scenario
which included both of AMPNI resident barges. The scenario enacted a mock                 115 28th OCTOBER ST.–KANARI- ABELOKIPI,
spill from a bunker operation where "AEGEAN X" acted as the receiving vessel              GoUnoPoULoS S. & Co.
and "AEGEAN ORION" as the delivering bunker barge. It was necessary for all
                                                                                          PLATANOVRYSI, PATRAS
staff to utilize the knowledge they had gained from the course to activate emer-          KaLentZIotIS GRIGoRIS
gency and preventive measures. The drill was a massive success and has elevated
                                                                                          DIMOKRATIAS AVE. & PANAGI TSALDARI,
Aegean and PBI even more in the eyes of the UK authorities as a responsible               AEGINIO PIERIA
and professional operator with trained and competent staff in all areas                   PetRaKIdIS I. CHRIStoS

                                                                   "AEGEAN X"
                                                                   in Fire Drill Exercise
                                                                   At	 the	 beginning	 of	 August	 Aegean’s	 M/T	 "AEGEAN	 X"	 was	
                                                                   used	 for	 an	 exercise	 performed	 jointly	 by	 PBI	 and	 Dorset	
                                                                   Fire & Rescue Department. Τhe scenario was that the vessel,
                                                                   while	loading	ex	PBI	Terminal,	encountered	a	fire	in	the	pump	
                                                                   room	and	as	a	result	two	crew	members	were	missing.	
                                                                   Two	fire	appliances	and	a	fire	team	from	Dorset	Fire	&	Rescue	
                                                                   Dept.	cooperated	very	closely	with	"AEGEAN	X"	fire	team	and	
                                                                   the	exercise	was	completed	successfully.

                                                                                                              aUtUmn 2008 AEGEAN NEWS 
             A e g eA n            UpdA te

 Theodoros II Visits Ghana
                                                                 His Beatitude Theodoros II,
                                                                 Pope and Patriarch of Alexan-
                                                                 dria and All Africa, the spiri-
                                                                 tual leader of the Orthodox
                                                                 Church, visited Ghana for the
                                                                 first time in the church’s histo-
                                                                 ry. The purpose of his visit was
                                                                 to celebrate the 25th Anniver-      Catamaran ALPHA—
                                                                 sary of the Orthodox Church         A New Aegean
                                                                 in Ghana and also the inaugu-
                                                                 ration of the St. Peter and Paul
                                                                                                     Aegean’s	station	in	Gibraltar,	in	order	
 His	Beatitude	with	local	Chiefs                                 church at Larteh– Akuapim.          to	improve	the	services	provided	to	its	
 During his visit, His Beatitude paid a courtesy call on the President of the Republic               customers,	recently	took	delivery	of	Cata-
 of Ghana, His Excellency, President John Agyekum Kufuor at the Osu Castle.                          maran	ALPHA.	ALPHA	will	be	manned	by	
                                                                                                     local	crew	who	are	fully	qualified	and	have	
 At a press conference held on July 24, His Beatitude spoke of the role of the church
                                                                                                     extensive	experience	operating	on	Harbor	
 in helping develop the economy by building schools and hospitals to serve the                       Craft	in	Gibraltar.
 needs of people in communities where the church is located.                                         This	development	dramatically	expands	
                                                                                                     the	range	of	services	Aegean	offers	to	cli-
 A dinner reception was held at the residence of the Station Manager of Aegean
                                                                                                     ent	vessels	calling	at	Gibraltar,	as	well	as	
 Bunkering Ghana, Captain Theofilos Pizanias, in honour of Theodoros II, and in-                     allowing	Aegean	to	handle	in-house	all	crew	
 vited guests included Greek diplomats in Ghana, esteemed members of the Greek                       transportation	and	deliveries	of	stores.	It	
                                                                                                     also	allows	Aegean	to	offer	its	services	for	
 community in Ghana, members of the Orthodox church, policy makers and
                                                                                                     vessels	passing	through	Gibraltar	in	the	
 media practitioners. The culmination of the event was the knighting of Captain                      form	of	Off	Port	Limits	services	for	vessels	
 Theofilos Pizanias from the Order St. Markus of Alexandria.                                         transiting	Gibraltar	Straits.

 Aegean Gas Station
 Refuels Ferrari
 An	 annual	 drive	 to	 Italy	 with	 spectacular	 Ferrari	 automobiles	 has	
 become	 an	 institution	 for	 the	 Greek	 Ferrari	 Club.	 This	 year,	 driving	
 through	Patras,	the	30	Ferraris	stopped	for	gas,	a	wash	and	a	cup	of	
 coffee	 at	 Aegean’s	 gas	 station	 on	 the	 Athens-Patras	 National	 Road.	
 The	presence	of	the	impressive	cars	for	almost	two	hours	at	Aegean’s	
 gas	station	was	soon	made	known	and	car	lovers	came	running	to	have	
 the	 chance	 to	 take	 a	 photograph	 next	 to	 the	 Italian	 beauties.	 Local	
 media	 could	 not	 miss	 the	 opportunity	 too,	 so	 a	 small	 press	 confer-
 ence	was	held	at	the	station	with	the	President	and	the	members	of	
 the	Ferrari	Club	and	Mr.	Andoni	Dre,	owner	of	the	building	and	Mr.	Aris	
 Kolokythas,	Aegean’s	associate.	

 AEGEAN NEWS aUtUmn 2008
                                                                                                   AegeAn SponSorShipS

Aegean Sponsors Publication
on Pontian Tradition
                                                       Aegean	was	the	sponsor	of	the	presen-
                                                       tation	of	the	publication	Pontos,	Folk-
                                                       lore	 Topics	 of	 Pontian	 Greeks	 which	
                                                       took	place	on	Wednesday,	September	
                                                       24,	 2008,	 at	 Athens’	 King	 George	
                                                       Hotel.	 Deputy	 Minister	 of	 Agricul-
                                                       tural	 Development,	 Mr.	 Konstantinos	
                                                       Kiltidis,	was	the	keynote	speaker.	The	
                                                       462-page	 volume	 on	 folklore	 culture	
                                                       and	Pontian	tradition	is	the	work	of	18	
special	researchers,	scientists	and	university	professors,	under	the	coordination	of	Mr.	Mano-
lis	Sergis,	Assistant	Professor	of	Folklore,	in	the	Language,	Literature	and	Culture	Depart-
ment	of	the	Dimocritian	University	of	Thrace.	The	publication	traces	the	folklore	tradition	of	
Asia	Minor	Pontians	who	came	to	Greece	after	the	Asia	Minor	1922	events	and	the	exchange	
of	population,	in	the	framework	of	the	Lausanne	convention,	in	1923-1924.                          IKARIADA 2008
                                                                                                   “The Birth of Flight”
  International Conference                                                                         The	Ministry	of	Mercantile	Marine,	Aegean	and	
                                                                                                   Island	Policy	organized	for	the	first	time	this	
  “September 6-7 1955 Events”                                                                      year,	on	July	17-20,	festive	events	on	Ikaria	
  During	past	decades,	unions	from	Constantinople	have	jointly	organized	a	variety	                island	under	the	name	IKARIADA	2008.	The	
  of	events	in	memory	of	September	6-7	1955.	This	year	a	conference	took	place	on	                 events	aimed	to	reenact	the	Ikarus	myth	and	
  September	13,	at	Athens’	Classical	Acropol	Hotel,	aiming	to	mark	those	catalysts	                to	 mark	 Ikaria	 as	 the	 place	 where	 the	 cere-
  which	planned	and	executed	such	actions,	the	maintenance	of	such	mechanisms	in	                  mony	of	the	lighting	of	the	torch	for	the	2009	
  un-democratic	conditions,	and	the	need	for	healing	the	wounds	of	the	victims,	on	the	            aero	athletic	games	must	take	place.	
  basis	of	the	International	Law	for	Human	Rights.	                                                Aegean was a sponsor of the event.
  Aegean	was	one	of	the	sponsors	of	the	event.

Aegean Sponsors PRESPEIA 2008
                         Twenty Years were completed this year for the Pre-
                         spes festive events and the anniversary was celebrated
                         in a grand manner. This year’s events took place on
                         August 29, 30 and 31 in Agios Achillios and the town
                         of Florina, in the presence of the Presiden of the Re-
                         public, Mr. Karolos Papoulias, the President of the
                         Parliament, Mr. Dimitris Sioufas and a great number
                         of political and cultural personalities from Greece
                         and abroad. The events included a “Tribute to Maria
                         Callas” one evening dedicated to Vasilis Tsitsanis
                         and another to Stelios Kazantzidis. Also performing
were the Russian choir singers from Moscow’s Novospaski Monastery, Goran
Bregovic, musical bands from Turkey, Albania and Bulgaria and the Philhar-
monic Orchestras of Corfu and Florina.

                                                                                                                            aUtUmn 2008 AEGEAN NEWS 
 FlowS            &    CUrrentS

                                                Electric Energy Free from Emissions
                                                In the beginning of September 2008, in Spremberg Germany, the first electric
                                                energy producing plant started a pilot operation where electricity produced
                                                does not produce carbon dioxide emissions. The new technology is based
                                                on carbon containment and capture (CCS). Carbon dioxide is separated
                                                from the other chemical substances during the production of electric energy
                                                and is then transported and deposited deep in the ground in regions where
                                                formerly natural gas or oil were extracted. Specialists point out that the CCS
                                                system will support the effort to combat global warming. The new plant cost
                                                70 million Euro and its construction took approximately two years.

                                                   Russian Single-hull Ban
   Wind Generators                                 Russian authorities have decided to bring the country's tanker fleet into
                                                   conformity with the international MARPOL convention in a move that
   at Sea                                          could see 95% of the fleet that refuels ships in the country's ports grounded.
   Four	plans	for	marine	aeolic	parks	             A report in the Russian daily Kommersant said all single-hull tankers below
   have	been	submitted	to	the	Regulatory	          5,000 deadweight ton (dwt) will be taken out of service by the end of the
   Authority	for	Energy,	which,	if	approved,	      year, following the decision by the Russian Transportation Ministry. "In the
   will	be	the	first	step	for	Greece	toward	       port of St. Petersburg, for example, only two of over 70 refuelling vessels will
   the	production	of	electric	energy	by	           remain. A systemic crisis is expected to result," Kommersant said.
   wind	generators	located	close	to	the	           "This will have major, major implications," Jonathan D Morley, Lead Special-
   coastline.	One	if	these	parks	will	be	          ist and head of MARPOL section at Lloyd's Register (LR), told Bunkerworld.
   in	the	Gulf	of	Evia,	one	in	the	Gulf	of	        He said it looked like a knee-jerk reaction following the Kerch Strait fuel
   Kymi	and	two	in	the	Thracian	Sea.	              oil disaster last November, when the 1978-built, single-hulled Russian river
   The	offshore	aeolic	parks	have	advan-           tanker Volgoneft-139 broke up during a violent storm, spilling its cargo.
   tages	and	disadvantages.	The	main	
   advantage	is	that	strong	winds	blow	at	
   sea,	and	at	the	same	time	they	cause	
   minimal	visual	disturbance.	Among	
   the	disadvantages	included	the	higher	       Carbon Dioxide
   construction	cost	and	the	fact	that	
   the	generators	must	be	able	to	endure	
                                                Reaches Record Levels
   the	naturals	conditions	at	sea,	such	as	                                                   Carbon	dioxide	levels,	worldwide,	have	cur-
   storms,	waves,	and	salty	water.	Also,	                                                     rently	reached	387	ppm	(parts	per	million),	
   the	production	costs	of	such	a	project	at	                                                 almost	40%	higher	since	the	industrial	revo-
   sea	are	50%	more	than	a	similar	aeolic	                                                    lution	period.	The	average	annual	growth	was	
   park	on	land.	The	plans	for	these	parks	                                                   2.14	ppm	in	2007.	From	1970	up	to	2000	
   are	in	accordance	with	the	ever	increas-                                                   the	concentration	increased	by	almost	1.5	
   ing	trend	at	a	European	level,	where,	                                                     ppm	annually	but	from	2000	on	it	reached	
   according	to	estimates,	by	the	end	of	                                                     2.1	ppm.	Specialists	point	out	that	this	
   the	next	decade	there	will	be	offshore	                                                    increase	indicates	that	the	earth	has	started	
   aeolic	parks	with	a	production	capacity	     to	lose	its	natural	capacity	to	absorb	billions	of	tons	of	carbon	dioxide	each	year.	They	
   of	up	to	40,000	MW.                          also	point	out	that	if	the	concentration	of	carbon	dioxide	continues	at	levels	like	these,	
                                                emissions	will	have	to	be	reduced	by	much	more	that	it	is	estimated	today.

 AEGEAN NEWS aUtUmn 2008
                                                                                                            Drinking Water
                                                                                                            from Carbon Dioxide
                                                                                                            On	the	Greek	island	of	Amorgos	scien-
                                                                                                            tists	are	working	on	a	pioneering	desali-
                                                                                                            nation	method,	in	which	carbon	dioxide	
                                                                                                            from	the	Public	Electricity	Corporation	
                                                                                                            chimney	will	be	used	to	produce	water	
                                                                                                            and	industrial	bicarbonate	(soda).	This	
                                                                                                            technology	has	already	been	used	in	
                                                                                                            Norway	and	the	Norwegian	company	that	
Greek-Russian Cooperation                                                                                   implemented	it	is	currently	cooperating	

in Energy Issues                                                                                            with	the	Municipality	of	Amorgos	and	a	
                                                                                                            Greek	team	of	scientists.	Carbon	dioxide	
Further	to	the	agreement	for	the	Burgas-Al-          tion)	 for	 the	 supply	 of	 Russian	 natural	 gas,	   will	be	channeled	to	special	devices	and	
exandroupolis	and	the	Blue	Stream	pipeline,	         which	 expires	 in	 2017,	 the	 other	 the	 entry	     salty	water	will	be	mixed	with	ammonia	
the	 Russian	 side	 is	 showing	 great	 interest	    of	 Gazprom	 in	 the	 retail	 market	 of	 natural	     and	channeled	to	the	same	devices.	
to	 cooperate	 with	 Greece	 in	 electricity	 and	   gas	 through	 three	 new	 natural	 gas	 supply-        Chemical	reactions	force	the	carbon	
natural	gas.	Specifically,	there	are	three	pos-      ing	 companies	 to	 be	 established	 in	 Lamia,	       dioxide	to	separate	water	from	salt	and	
sibilities		regarding	the	presence	of	Gazprom	       Komotini	and	Serres	and	the	final	one	is	the	          as	a	result	desalinated	water	is	produced	
in	 the	 Greek	 market.	 One	 has	 to	 do	 with	     investment	 in	 electricity	 production	 through	      and	bicarbonate	natrium,	when	heated,	
the	 extension	 up	 to	 2040	 of	 the	 bilateral	    the	establishment	of	an	electric	energy	unit	      	   is	transformed	into	soda	products.	The	
agreement	 with	 DEPA	 (Public	 Gas	 Corpora-        by	Gazprom,	alone	or	by	a	consortium.                  project	will	address	the	water	short-
                                                                                                            age	problem	on	waterless	islands	in	an	
                                                                                                            ecological	way,	reducing	at	the	same	
                                                                                                            time	polluting	emissions	from	the	Public	
Energy Production                                                                                           Electricity	Corporation’s	plants.	
from Wild Artichokes
                                          The wild artichoke can produce a
                                          wide range of energy products by
                                          burning, liquidation or gasification of                           of Greek Ports
                                          its biomass. These products are liquid                            The	 procedures	 for	 assignment	 of	 many	
                                          biofuels; second generation biodiesel                             years	of	private	management	of	the	com-
                                          and second generation cellulose bio-                              mercial	stations	of	the	ports	of	Piraeus	and	
                                          ethanol, gas biofuels; production of                              Thessaloniki	are	speeding	up.	Major	candi-
                                          biogas and biohydrogen, where the                                 dates	here	are	foreign	groups	which	are	ship-
production of biogas is achieved with the methanic fermentation of the biomass                              ping	companies	or	investors	with	know-how	
and the end product of the non-aerobic conversion of cellulose is methane and                               in	 the	 management	 of	 commercial	 ports.	
CO2. The whole process is performed in two reactors with the assistance of a                                In	Thessaloniki,	among	other	joint	venture	
mixture of microorganism cultivations. The production of hydrogen is achieved                               schemes,	will	be	Dubai	Ports,	Hutchison,	and	
with biological or thermochemical conversion. Finally, the biomass of wild arti-                            probably		Greece’s	Technodomiki.	The	Chi-
chokes can produce solid biofuels, where the biomass can be used either directly                            nese	Cosco	and	the	Danish	company	Maersk	
for burning and the production of heat or electricity or be converted to solidi-                            stand	out	in	the	case	of	Piraeus.
fied biofuels following compression.

                                                                                                                                 aUtUmn 2008 AEGEAN NEWS 
                             B Unkering

   Three	Years	for	Aegean	
   in	Jamaica
   BΥ TheoDoRos MoTsenigos |	STATION	MANAGER

                   Kingston	is	the	primary	city	of	Jamaica,	with	a	tropical	climate	that	is	nestled	between	the	
                   Blue	Mountain	ranges	and	one	of	the	world’s	seven	deep-sea	natural	harbors.	In	its	first	30	
                   years,	Kingston	was	merely	one	of	the	four	ports	in	Kingston	Harbor,	the	other	three	having	
                   been	built	prior	to	1692.	Nowadays,	it	is	one	of	the	most	active	ports	in	the	region,	not	only	
                   a	passage	way	in	the	center	of	Caribbean,	but	also	a	very	hospitable	port,	wide	open	to	our	
                   friends	and	partners.

                                                            1                                        2 3
   1.	Bunker	tanker	Bridge	during	Manoeuvering	2.	Cargo	Control	Console	3.	Bunker	tanker	Main	Deck

10 AEGEAN NEWS aUtUmn 2008
The	Company                                Aegean directly provides Jamaica with every quantity of the
In March 2008, Aegean Bunkering
(JAM) LTD celebrated its third an-         full series of its marine lubricants in very competitive prices
niversary in Jamaica. Established in
2005 to supply quality bunker fuel in
Jamaica the company succeeded to           tors was to convince them to bunker
create reliable and high quality bun-      their vessels in Jamaica and to prove
kering service.                            to them that their demands in the
   In 2005 we understood that bun-         stable quality of fuel and service are
kering business in Jamaica could grow      reachable. The results prove we have
and that is why we decided to create       succeeded.
a company which could serve and in-           It is well known that prices always
crease the traffic in the port of Kings-   played an important role in decision
ton and the greater area. The strategy     making. However, after many years
turned out to be right. Until today        of work in the bunker market, we un-
more than 2,500 vessels supplied with      derstand that the best price is not the
more than 50% of them, called for          only advantage our clients are look-
bunkers only.                              ing for. The quality of product and
   Finally, Aegean’s ALFA marine lu-       services are also very important. To
bricants are now available in all Jamai-   attract more and more clients we have
can ports. Aegean directly provides        to guarantee the highest quality of our
Jamaica with every quantity of the full    product and services.
series of its marine lubricants (engine
oils, auxiliary lubricants, synthetic      Quality	of	Product
lubricants and grease oils) in very        Fuel and Gas Oil is loaded from a
competitive prices.                        local refinery. Pre loading quality
                                           test are ensuring product’s high qual-
Focused	Strategy		                         ity in line with ASTM, IP, and ISO
for	the	Clients'	Benefit                   8217:2005 specifications.
                                                                                     4.	Preparing	for	bunkering
Against our regional competitors we           Prior to load the quality of the       5.	Rescue	exersise
follow one main strategy. This is to       product is monitored at the refinery
specialize in bunkering, directing our     on an on-going basis by a team of
forces to build up a reliable service to   qualified chemists and analysts, using    Sulphur, Density, Vessel IMO number
supply high-quality fuel any time of       internationally recognized test meth-     and Company’s contact details, to-
the day. To achieve this goal we have      ods, such as the ASTM-American            gether with the MARPOL Statement
a trained team of professionals and ef-    Society for Testing Material Institute    of Compliance.
fective company management.                of Petroleum Standard Test Methods           Our Products ensure that the
   Our quality management system           and the ISO.                              MARPOL Retained sample is taken as
allow us to fulfill and to control every                                             part of our delivery and handed to the
stage of the process that a company        MARPOL	73/78	Annex	VI	and	                receiving vessel for their retention for
is involved in: loading storage and        Shell	Marine	Products                     a minimum of 12 months.
supply.                                    Our Products comply with the MAR-
                                           POL Annex VI regulations—focus-           Sulphur	Oxides	(SOx)	Emissions
The	Main	Streams		                         ing on reducing air pollution from        Regulation 14 (1) of Annex VI states
of	Bunker	Developments	                    diesel engine exhaust gases—from          that the sulphur content of any fuel oil
At the beginning many of our clients       the implementation date. To this end,     used on board ships must not exceed
avoided fuelling in Jamaica having         we have updated our Delivery Pro-         4.5% m/m. Our Quality Monitoring
strong prejudice against it. So, that is   cedures and Bunker Delivery Notes         procedures are ensuring that not any
why our main goal as bunker opera-         to include the requirement to report      ship will be supplied with fuel oil with

                                                                                                                  aUtUmn 2008 AEGEAN NEWS 11
                             B Unkering

                              Our Quality Monitoring procedures are ensuring                monitoring of density and viscosity.
                                                                                               The construction of bunker ship
                                    that no ship will be supplied with fuel oil             cargo tanks, together with local cli-
                                with sulphur content higher than .% m/m                   mate characteristics and our monitor-
                                                                                            ing control, help to keep the product
                                                                                            at a constant temperature above 45oC
                                                 Bunker	Delivery	Note	and		                 to avoid any biodeterioration.
                                                 Sample	Requirements                           All cargo tanks and its associated
                                                 Regulation 18 of Annex VI sets out         piping are under scheduled inspec-
                                                 the requirements for Bunker Delivery       tions to ensure structural integrity
                                                 Notes and Retained samples.                and cleanliness for a proper product
                                                     Our Bunker Delivery Receipt in-        storage environment.
                                                 cludes the following information:
                                                 ❚ Name and IMO number of receiv-           Local	Fleet
                                                   ing ship                                 Our ships are either constructed or
                                                 ❚ Port                                     upgraded specially for the purpose of
                                                 ❚ Date of commencement of delivery         bunkering operations. As such, the
                                             6   ❚ Name, address and telephone num-         delivery operation is performed safely
                                                   ber of marine fuel oil supplier          and on time following high standards.
                                                 ❚ Product name(s)
                                                 ❚ Quantity in metric tones                 Bunker	Ships	Characteristics
                                                 ❚ Density at 15 degrees Celsius            The local fleet of ships consisted by
                                                 ❚ Sulphur content (% m/m)                  three self-propelled oil tankers with
                                                 ❚ Additionally, the Bunker Delivery        carrying capacity from 5 to 8,000
                                                   Receipt include a declaration that       metric tones. Ships are modern and of
                                                   the fuel oil is in conformity with       double hull construction.
                                                   regulation 14 (1) and 18(3)
                                                 ❚ The MARPOL Retained sample               Regulatory	Compliance
                                                   is provided by and is being taken        All ships are classed with IACS Classifi-
                                             7     at the receiving ship’s inlet bunker     cation Societies, flagged under Interna-
                                                   manifold, wherever it is safe and        tional reputable Flag Administrations,
                                                   feasible to do so. Where this is not     insured under international recognized
                                                   possible a suitable alternative loca-    underwriters and certified as interna-
                                                   tion is agreed with the receiving ves-   tional trading ships. Under continuous
                                                   sel, to ensure that a representative     inspection programs from all the statu-
                                                   fuel sample is obtained for each and     tory bodies, port state controls, and oil
                                                   every delivery.                          majors, all ships are of high operational
                                                                                            standards and are continually im-
                                                 Storage                                    proved, always to comply with the most
                                                 The products, following loading from       stringent requirements.
                                                 the refinery, are stored in our bunker
                                             8   ships which are equipped with the          Machinery	and	Equipment
   6.	Oil	Pollution	boom	deployed
                                                 most modern monitoring and han-            All ships are equipped with high-
   7.	Oil	Pollution	Drill                        dling equipment.                           powered engines and pitch propeller
   8.	Fire	Fighting	Exersise
                                                    As an additional verification and       systems to ensure timely and efficient
                                                 follow up of product quality and           thrust gives the ship excellent steer-
   sulphur content higher than 4.5% m/           stability, our bunkering ships are         age. Additionally, they are equipped
   m in order to help our customers to           equipped with electronic quality ana-      with bow thrusters, increasing the
   comply with this regulation.                  lyzers from Anton Paar for continuous      maneuverability and dramatically

12 AEGEAN NEWS aUtUmn 2008
reducing the necessary room for ma-
neuvers in places such as ports and
confined waters. Finally, all critical
parts are held in double, ensuring
freedom from operational breakdown
and facilitating continuous scheduled

Mooring	and	Fendering
All ships are equipped with an ad-
equate number of high strenth fiber
mooring ropes. High performance
mooring winches and associated
guide rollers, fairleads and bollards,       As an additional verification and follow up of product quality
all regularly tested, are provided for       and stability, our bunkering ships are equipped with electronic
handling the ropes. Finally, pneumatic
fenders of a size meeting OCIMF rec-         quality analyzers from Anton Paar for continuous monitoring
ommendations are used as the prima-          of density and viscosity
ry fendering system and an additional
,secondary system is provided as well,
to ensure a proper and safe mooring             The number of compliment for            through design and equipment, load-
pattern under all conditions.                every ship guarantees fatigue-free liv-    ing, discharging and cargo handling
                                             ing of our seafarers and, together with    on board
Pumping	Arrangements                         the company’s operating procedures,           3. Procedures, guidelines and
All ships are provided with dedicated        ensures a safe and environmentally         monitoring of “safe” ships movement,
piping systems for each grade to en-         friendly operation.                        such as using updated charting sys-
sure contamination free operation.                                                      tems and nautical publications, bridge
Pumps are driven by high-powered             ISM	&	ISPS                                 resource management, pilotage
prime movers, ensuring high pump-            Our company and ships operate un-             4. For the prevention of air pollu-
ing rates and helping to keep the            der certified Lloyds Register ISM &        tion, our ships use environmentally
operation on schedule in line with           ISPS schemes in accordance to IMO’s        friendly fuels, such as marine gas oil
our customers’ commitments and the           requirements.                              with sulphur content less than 0,5%.
company’s turnaround.                                                                      If, despite the most stringent rules
   Delivery of fuels is performed            Environmentally	Friendly		                 and the most thorough inspections, a
through flexible hoses, different for each   Operation                                  ship gets into distress, our system of
grade, that are properly tested at regular   Through our commitment to prevent          emergency preparedness will ensure a
intervals following proper handling and      pollution of the marine environment,       minimization of harmful effects to the
stowing procedures to ensure long life       special attention is paid to operations    environment.
and excellent working condition.             and the prevention of accidents.
Compliment                                      1. "Clean" shipping operations,           Jamaica
All ships are manned with seafarers          such as the environmentally proper
                                                                                          AEGEAN	BUNKERING	(JAM)	LTD
certified as required by STCW95 with         disposal of oil, sewage, and waste, plus     Harbour	Head	Pen,	Rockfort
long standing experience in oil tankers      a use of tin free marine coatings, a         Kingston	2,	JAMAICA,	W.I.
and bunkering operations. As this is not     reduction in levels of emissions from        Phone:	+1	876	938	7752
sufficient in itself, continuous training    engines and boilers, and ballast water       Fax:	+1	876	938	8638
and updating programs are established        management                                   Mobile:	+1	876	322	1087
to ensure a safe and professional envi-         2. Procedures, guidelines and mon-        email:
                                             itoring of "safe" shipping operations        URL:	http//
ronment within the company.

                                                                                                           aUtUmn 2008 AEGEAN NEWS 1
1 AEGEAN NEWS aUtUmn 2008

Newbuildings	in	Operation
            Aegean’s	newbuildings,	one	after	the	other,	are	arriving	at	the	stations	where	they	will	
            be	in	service.
                                                                                                       M/T	MAISTROS	at	the	Port	of	Rethymnon

Μ/Τ MAISTROS 	                                 gas stations in the Aegean.                M/T	KIMOLOS	Operates	Suc-
to	the	Greek	Islands                               We wish MAISTROS calm seas             cessfully	in	Singapore
On September 22, the tanker M/T                and to carry out successful operations     Μ/Τ KIMOLOS was delivered to Sin-
MAISTROS successfully completed its            in all its journeys.                       gapore Station in early March of 2008,
first fuel delivery to the Aegean islands.                                                from Fujian South East Shipyard in
    The ship’s first stop was in Crete,        M/T	MYKONOS		                              China, joining sister vessels MILOS
where the people of the city of Rethym-        Joins	Gibraltar	Fleet                      and SERIFOS. The ship, manned with
non spoke very warmly about the                                                           a compliment of 13, with local Master,
captain and the crew of the ship. The                                                     and Philippine Engineers/Officers,
pioneer Bottom Loading system of the                                                      and equipped with the latest cutting
tank trucks impressed all visitors, with                                                  edge technology equipment for the lo-
its environmentally friendly character-                                                   cal bunkering trade and operations, is
istics and the accuracy and precision                                                     expected to propel Singapore Station
of fuel loading on the trucks. The gas                                                    to a greater level of volumes, to be de-
stations owners, impressed by this new                                                    livered in the very near future. To date,
technological innovation of Aegean, ex-                                                   the vessel’s out turn performance was
pressed their view that the company will       M/T MYKONOS, the latest addition           350,000 MT, delivered successfully.
continue with the same passion and care        to Aegean’s fleet in Gibraltar, arrived
in the supply of fuel to Crete as well as to   at its station on August 19.
the remainder of the Aegean islands.               MYKONOS is the second of the
    MAISTROS’ next stop was in the             newbuilds to be stationed in Gibraltar,
island complex of the Cyclades. In             and is a further manifestation of Ae-
one day MAISTROS supplied fuel to              gean’s ongoing commitment to mod-
gas stations in Naxos and Syros, with          ernize and improve the fleet stationed
success, demonstrating again its great         at Gibraltar in order to maintain our
capabilities as the first tanker-car           position at the forefront of the busiest
ferry in the speedy supply of fuel to          bunkering port in the Mediterranean.

                                                                                                                aUtUmn 2008 AEGEAN NEWS 1
   AegeAn MArine petroleUM

                                                                  Caribbean represent over 35% of the world’s bunker demand
                                                                  and supply. There is a substantial maritime presence in the
                                                                  State of Florida, along with four major ports, in addition to
                                                                  it being the home to the world’s largest cruise ship operators.
                                                                  In addition, a large number of shipping, Marine Fuel and
                                                                  Industrial Fuel conferences take place in Miami, so there is
                                                                  little doubt that it is a very convenient location.

                                                                  North	America	is	certainly	a	large	and	attractive	market	for	a	
                                                                  company	such	as	Aegean.	How	are	you	approaching	this	mar-
                                                                  ket	so	you	are	positioned	for	continued	growth?	
                                                                  The Miami office’s primary area of responsibility is to seek
                                                                  out and develop opportunities that will expand Aegean’s
                                                                  activities in the region and globally. The industry is un-
                                                                  dergoing significant changes propelled in large part by the
                                                                  acceptance that marine fueling is an important part of the
                                                                  transportation and port infrastructure. Fueled by higher
                                                                  prices in oil, ship owners today are more aware of the
                                                                  impact this variable cost has on their entire operation and
                                                                  for these reasons, suppliers that meet stricter criteria sup-
                                                                  ported by stronger balance sheets are able to differentiate
                                                                  themselves from the smaller, less capitalized companies.
                                                                  This has given rise to numerous opportunities, some of
                                                                  which Aegean Marine Petroleum (AMP) is considering.
                                                                  We have to ensure that we approach each opportunity in
                                                                  a manner that makes most sense for Aegean’s model and
                                                                  ultimately its shareholders. Acquiring ICS was a very good
   View	of	Aegean	Marine	Petroleum	offices	in	Miami	              example of this strategy. It gave us an opportunity to plant
                                                                  the Aegean flag in North America and just as important
   What	is	the	background	of	Aegean's	presence	in	Florida?        ICS was a very good fit for us.
   I recall when we announced the opening of the office we
   spoke about the importance of Florida as a strategic hub for   As	AMP	creates	a	global	brand	in	the	bunkering	market,	how	
   Aegean’s marketing and business development activities, not    is	the	entry	to	North	America	proceeding	and	how	would	you	
   only in the Americas and the Caribbean, but globally. We al-   gauge	the	response	to	date?
   ready had an operation underway in Jamaica and have since      There is little doubt how Aegean’s brand name, brand iden-
   expanded into Canada and Mexico and plans are to continue      tification and loyalty have all increased and had such an im-
   this expansion in a logical and disciplined manner. There      pact over such a short period of time. It’s a tribute to its very
   are plenty of opportunities; after all, the Americas and the   strong management and an underlying belief that in this day

   Steve	Leonard—
   Aegean	in	The	Americas
                   Mr.		Steve	Leonard,	Vice	President	of	Americas,	based	in	Miami,	speaks	to	Aegean	News	about	
                   Aegean	Marine	Petroleum’s	entry	into	this	dynamic	market.	
1 AEGEAN NEWS aUtUmn 2008
and age success is not only about understanding customer
wants and needs, it is about molding the organization to
the market. We are not here just to convince the market
that we have what the market wants. This is important not
only in the Americas but globally because what works in one
area might not in another, so while we try to ensure that we
remain consistent with our overall business plan we accept
that some tweaking along the way is necessary. As such,
our approach has to be very methodical and calculated.
As for the response, we believe it has been very favorable:
there is considerable appreciation in our efforts to become
an integral and important independent service provider
on a global scale. We are in the process of introducing our
Aegean marine lubricants branded product, ALFA Lubes, in
the Americas. We currently supply ALFA lubricants in Sin-
gapore, Greece, Sri Lanka, and North-West Europe and in
the last quarter we were pleased to start offering in Jamaica.
We have identified several other locations in the Americas to
roll out ALFA Lubes in the very near future.

What	 are	 some	 of	 the	 special	 characteristics	 that	 define	 the	
Americas	that	might	be	different	to	other	parts	of	the	world?
By in large, there are far more similarities than differences.
Shipping is an international business that has one common
theme: efficiency. The metrics are all the same. You get
measured on performance, which encompasses the whole
gamut of services and for Aegean to be efficient it needs to
control and manage the supply chain. Coupled with this
are the variables that we can’t directly control but we hold
fast to, such as initiatives and legislation to preserve the             curement process. Our presence here is in line with expand-
environment and the seas. The implementation of double                   ing our global network. As with any market Aegean has en-
hull legislation, an integral part of Aegean’s value proposi-            tered or intends to enter there is one constant: we strive to
tion, had its roots here in the US, the result of the Exxon              offer a service second to none by directly controlling the
Valdez incident in Alaska. When it comes to emissions,                   whole supply chain from the purchase of the oil, the shipping,
the Europeans have led the way with enforcement zones                    the storage, blending, and delivery, including the post deliv-
and various local directives such as the 2005/33/EC and on               ery information flow. We do so by supporting each link of the
that front, it could be said that they are ahead of the U.S.             supply chain with a strong technology platform and support
and the Americas. However, I believe most people involved                system. This is critical in a global organization. AMP is one of
in our industry, specifically in the U.S. will agree, it is only         very few suppliers in the marine fuels segment that can lay
a matter of time before similar enforcement measures be-                 claim to full ownership, management and control of the sup-
come the norm here in the U.S. starting, in all likelihood,              ply chain. We monitor each and every step of the delivery
on the U.S. West Coast. We continuously monitor these                    process which results in best in class practices in service,
potential changes to ensure that we are prepared.                        product quality and customer satisfaction. If we can’t achieve
                                                                         this in its entirety we don’t get involved. It is a very exciting
What	are	the	goals	of	AMP	as	it	enters	this	market?                      time for AMP: we have undergone tremendous growth in a
I mentioned earlier that the Americas represent a very large             very short period of time and while we look to continue this
market both from the supply and customer point of view. In               growth by opening up new supply centers we also continu-
addition, there is a large number of brokerage and trading               ously strive to grow organically in our ongoing supply centers
houses, both of which can play an integral role in the pro-              by constantly adjusting to market conditions.

                                                                                                                     aUtUmn 2008 AEGEAN NEWS 1
  StAtionS oF the Month

   Efremidis	Ioannis—Nea	Santa	Kilkis
   The	Last	Person	to	Ever	Leave	Aegean	Will	Be	Me
               We	talked	with	the	gas	station	owner	recently,	on	a	very	hot	day	when	everyone	was	heading	for	
               a	beach.	Or	almost	everyone.	Some	people	had	to	work	and	just	dream	of	a	refreshing	dive.	One	
               of	them	was	Mr.	Efremeidis.

           is gas station is a family busi-       From	what	I	understand	you	gas	station	
           ness, located on the main              opened	up	as	an	Aegean	station	from	the	
           street in Nea Santa and the            very	 beginning.	 What	 made	 you	 decide	
   surroundings are impressive.                   cooperation	with	a	rather	new	company	
                                                  in	this	sector?
   Mr.	Efremidis,	have	you	been	in	this	pro-      I have known Iakovos Melissanidis
   fession	long?                                  for a long time, since my taxi years in
   No, not at all. I started almost two           Thessaloniki. We had spoken many
   years ago. Before that I worked with           times and I had realized that he has
   my taxi in Thessaloniki.                       many elements of my character, ele-
                                                  ments of our origin. You see I am a
   And	what	made	you	decide	such	a	change?        Pontian too. When I decided to get           local administration, I know a lot of
   I wanted a job that I could pass on to         involved in this business I got in touch     people, and many people know me.
   my kids. I did not want my son to get          with him and I was satisfied with what          I must tell you that from the very
   involved with the taxi business. I took        I heard. I already knew about Aegean, I      beginning I was convinced that every-
   this decision when my son went to              had shaped the best possible picture in      thing would l go extremely well. There
   serve his army term. And I started the         my mind. At the time many other fuel         are four or five other gas stations along
   preparations to set up such a business.        trading companies approached me and          this same street and many of my asso-
   And I got into this scrape!                    offered me some type of cooperation.         ciates expressed some reservations. I
                                                  I turned all of them down. Not only          did not have the slightest doubt. I was
   What	 exactly	 do	 you	 mean	 by	 that?	 It	   because I was convinced about the type       proved right and now everyone tells
   sounds	as	if	you	regret	it.                    of cooperation I would have with Ae-         me that my instinct was correct. And
   Well, no, but it is a complicated busi-        gean but because I do not go back on         this is only the beginning!
   ness that requires my presence and             my word. And I have not regretted it!
   involvement all day long, every day of                                                      How	would	you	characterize	your	coop-
   the week. A prison! For a person like          Did	 you	 face	 any	 problems	 when	 you	    eration	with	Aegean	up	to	now?
   me who used to be moving around                started,	given	the	fact	that	you	were	new	   Our cooperation is excellent. What-
   and especially this season of the year,        in	this	business?                            ever problem I may have it is dealt
   you see I love underwater fishing, it is       I faced no problems whatsoever. I            with immediately. All the Aegean
   a difficult situation. Other than that I       am a person with excellent public            people are excellent. Thanasis Vam-
   have no regrets.                               relations, I am actively involved in the     vakas, Pavlos the engineer, the people
                                                                                               in Athens, everybody.
         When I decided to get involved in this business I got in                              	 How	 do	 you	 imagine	 the	 future	 of	 this	
        touch with Iakovos Melissanidis and I was satisfied with                               cooperation?
                                                                                               I will tell you this. No matter what
     what I heard. I already knew about Aegean, and had shaped                                 happens I will be the last one to ever
                            the best possible picture in my mind.                              leave Aegean!

1 AEGEAN NEWS aUtUmn 2008
Markos	Grammenidis—	
2nd	Kilometer	N.R.	Komotini-Xanthi
With	Aegean	Our	Consumption	Doubled
          Gas	station	owners	are	busy	people.	Aegean’s	gas	station	owners	are	more	than	busy.	The	
          name	Aegean	is	getting	wider	recognition	and	demand	is	constantly	increasing.	

         ne very busy gas owner is        and starts a new cooperation with          previous company. Mr. Grammenidis
         Mr. Markos Grammenidis.          Aegean.                                    does not go into details; he just men-
         It took a lot of effort and an                                              tions that he felt under a lot of pressure
actual “chase” between Komotini and       Why	did	you	decide	to	switch	to	another	      -I already knew about Aegean and
Thessaloniki, during morning, after-      company	and	why	did	you	choose	Aegean	     its competitive prices. I remembered
noon, and evening hours to finally pin    to	be	that	company?                        the encounter with Iakovos and I
him down to have a talk.                  The reasons were two. The first rea-       got in touch with him. The two of
   Mr. Grammenidis station is a per-      son was the difficulties I started to      us talked again as he had foreseen.
sonal business. He operates it himself    have with my previous cooperation          From that moment on things moved
together with seven employees.            and the second, and main, reason was       smoothly and naturally. Our relation-
   He started in the fuel business in     Iakovos Melissanidis. Long before Ae-      ship became friendly, and as a matter
1996. Before that he was a motorist.      gean’s Alexandroupolis installations       of fact, last year he became the best
When he opened his gas station he         were in place, Mr. Kapnisis, together      man in my wedding.
had already agreed to cooperate with      with Iakovos Melissanidis, stopped at         The change not only did not cause
one of the big names in the fuel trad-    my station to fill up. They introduced     any temporary problems, but “with
ing business. He will talk about this     themselves, we talked a little bit, and    Aegean our consumption doubles.”
cooperation later.                        just as they were driving away Iakovos        The gas station is located on the
   In 2000, this gas station owner        turned around and said, “The two of        N.Road Komotini-Xanthi and there
makes a very important decision.          us will talk again. “                      are nine more gas stations nearby.
He decides to put an end to the co-          Time went by. Things had started to
operation, changes the station’s logo     get heavy in my cooperation with the       How	 are	 things	 with	 such	 competition?	
                                                                                     Any	problems?
                                                                                     I do not have any problems whatsoever.
  Aegean’s prices and the quality of its fuel are by themselves                      Not only do I have my steady custom-
                                  the best advertisement ever                        ers, but more and more consumers are
                                                                                     constantly being added to our clientele.
                                                                                     Aegean’s prices and the quality of its
                                                                                     fuel are by themselves the best adver-
                                                                                     tisement ever, and the Aegean brand
                                                                                     name is by now well known.

                                                                                     What	 is	 your	 assessment	 of	 this	
                                                                                     cooperation	so	far?
                                                                                     I am pleased, no complaints. Even if I
                                                                                     have a problem I know the response
                                                                                     will be immediate. And this is enough
                                                                                     for me!

                                                                                                          aUtUmn 2008 AEGEAN NEWS 1
                                      r etA il

   Positive	Aegean	Sales	Results		
   During	A'	Semester	2008
   ΒΥ KonsTanTinos PouRsaniDis	|	GENERAL	MANAGER

                                espite the                   kets, Aegean, in the first semester of                                  corresponding semester of 2007. Dur-
                                unfavor-                     the current year established itself in                                  ing the same period Aegean registered
                                able mar-                    fourth position in gasoline sales, with                                 an increase in total fuel sales of 3.97%
                       ket conditions, the                   a 9.1% market share. (Table I).                                         (Table II).
                       conjuncture of the                       According to the Ministry of De-                                        Specifically, the increase in auto-
                       dramatic rise in                      velopment data, stagnation was reg-                                     motive fuels came to 9.18%, a remark-
   crude oil prices and consequently of                      istered in fuel consumption in the                                      able percentage increase, given the
   its products in the international mar-                    domestic market, compared with the                                      current market conditions.

   20                                             Gasoline	Market	Shares	A'	Semester	2008

              16.6 16.6

% 10

                                                             5.3     5.2
    5                                                                          4.9

                                                                                                  2.5         2.4
                                                                                                                       1.4       1.3
                                                                                                                                            0.9       0.9
                                                                                                                                                                 0.5     0.4      0.3      0.1




                                                   JET OIL




                                                                                       SILK OIL

                                                                                                  EL PETROL




                                                                                                                                            SUN OIL






   TABLE I                                                                                                                                                     SOURCE: MINISTRY OF DEVELOPMENT

   Percentage	Increase/Decrease	of	Domestic	Market	Sales	A'	Semester	2008	vs	A'	Semester	2007
     PRODUCT                                                        TOTAL	COMPANIES                                                                      AEGEAN
     SUPER	L.R.P.                                 -22.44%                                                                      -16.79%
     UNLEADED	PETROL	U95                            0.49%            TOTAL	GASOLINE					                -1.59%                  10.68%                TOTAL	GASOLINE	                  8.35%
     UNLEADED	PETROL	U100                          -0.47%                                                                        9.27%
     DIESEL	ENGINE                                  9.61%                                                                       10.61%
                                                                           TOTAL	FUE                    -0.87%                                          TOTAL	FUEL                     0.95%
     DIESEL	HEATING                                -5.51%                                                                       -5.50%
     TOTAL	FUEL                                                                                        -0.06%                                                                         3.97%
   TABLE IΙ                                                                                                                                                    SOURCE: MINISTRY OF DEVELOPMENT

20 AEGEAN NEWS aUtUmn 2008
                                                                           lUBriCA ntS

ALFA	Marine	Lubricants

As	we	announced	in	a	previous	issue	of	Aegean News,	our	company,	with	the	acquisition	of	the	state	of	
the	art	Texaco	blending	plant	in	Aspropyrgos,	inaugurated	a	new	line	of	marine	lubricants,	characterized	by	
the	latest	technology,	which	it	trades	in	Greece,	Singapore,	Malaysia,	Jamaica,	Sri	Lanka,	Northern	Europe,	
Gibraltar,	and	very	soon	in	the	Persian	Gulf,	in	the	Gulf	of	Mexico,	in	Panama,	in	China	and	in	South	Africa.	

                                                                                            aUtUmn 2008 AEGEAN NEWS 21
                     l U Bri CA nt S

                                                                                           Lubricants are the “blood of
                                                                                           the engine,” as experienced
                                                                                           engineers say, and as a
                                                                                           result the correct lubricant
                                                                                           choice is of the utmost
                                                                                           that there exists the need for con-
                                                                                           tinuous technical updating which,
                                                                                           moreover, must focus on the essence
                                                                                           of problems and on the constant
                                                                                           developments in marine lubricants,
                                                                                           without demanding another theoreti-
                                                                                           cal bibliographic approach, providing
                                                                                           solutions and answers directly to the
                                                                                           people of this market.
                                                                                              The international developments
                                                                                           in the use of low sulphur fuels, and
                                                                                           consequently different lubricants, the
                                                                                           mixing capacity of products by dif-
                                                                                           ferent suppliers, the use of synthetic
                                                                                           lubricants instead of simple mineral
                                                                                           oils, the dealing with the mixing of
                                                                                           different types of lubricants, the pos-
                                                                                           sibility of using one of the lubricants
                                                                                           available in the ship in the case of
                                                                                           emergency when the suitable product
                                                                                           is not available, and developments in
                                                                                           basic oils and in chemical additives

                                                                                           are a few of the problems lubricants
        t is a fact that the efficient lubrica-      It is also important to point out     managers in shipping companies of-
        tion of a ship is a very complex          that Aegean’s ALFA marine lubricants     ten have to deal with.
        and demanding procedure. The              are certified by the biggest manu-          In light of these issues, our com-
   ship is a floating plant with hundreds         facturers of marine engines, (MAN,       pany will inform the market on a
   of pieces of equipment and machin-             WARTSILA) and by the world famous        regular basis, through Aegean News
   ery that require advanced technical            INTERTEK (Caleb- Brett).                 magazine, on technical issues such
   knowledge and experience for their                Following continuous laboratory       as these. Furthermore, we will be at
   operation and maintenance, as well as          analyses and exhaustive tests on board   the disposal of all the people in the
   for their proper lubrication.                  the ship by engine manufacturers, Ae-    shipping community (shipowners,
      At Aegean, we consider lubricants a         gean acquired these important certifi-   technical managers, chief engineers,
   factor of grave importance for the en-         cations in order to be the shipowner’s   supply managers) whether they are
   gine’s proper function, maintenance, and       top choice.                              our clients or not, on any question
   cost saving. Lubricants are the “blood of         Therefore, through its extensive      of technical nature they may have,
   the engine” as experienced engineers           experience in sales, in production       which they may submit, as of now.
   say, and as a result the correct lubricant     and in dealing with technical lubrica-   To the following electronic address:
   choice is of the utmost importance.            tion problems, our company believes

22 AEGEAN NEWS aUtUmn 2008
   Aegean offers its clients a complete     ❚ LPG / LNG Compressor oils
chemical analysis service on used           ❚ Open gear
lubricants through its fully equipped       ❚ Greases
and manned laboratory at the Aspro-         ❚ Rust preventives
pyrgos plant.                               ❚ Coolants
   Finally, at Aegean’s web site (www.      ❚ Synthetic lubricants you may find all techni-         ❚ Stern tube lubricants
cal specifications, product correspon-       All the above are available in vari-
dence, MSDS and the like of ALFA          ous viscosity and alkalinity levels, and
marine lubricants.                        are employed depending on the use
   Below we present the use of differ-    and the instructions of each manu-
ent types of lubricants applicable for    facturer.                                  Following continuous
a ship’s main equipment. In general,         The categorization of viscosity is
a typical series of marine lubricants     done:                                      laboratory analyses
includes the following products:             ❚ per SAE for engine oils               and exhaustive tests on
   ❚ Cylinder oils                           ❚ (Cylinder oils, system lubricants,
   ❚ Crosshead diesel engine oils              generator lubricants, Trunk pis-      board the ship, ALFA
   ❚ Trunk piston engine oils                  ton engine oils)                      marine lubricants are the
   ❚ HSD engine oils                         ❚ per ISO for secondary oils
   ❚ Turbine oils                              (Hydraulic oils, turbine oils, com-   shipowners’ top choice
   ❚ Hydraulic oils                            pressor oils, gear oils, coolants)
   ❚ Gear oils                               ❚ per NLGI for greases
   ❚ Compressor oils                         The use of the various types of lu-
   ❚ Refrigerating oils                   bricants is depicted below:

                                                                                                   aUtUmn 2008 AEGEAN NEWS 2
                     l U Bri CA nt S

   AEGEAN	marine	lubricants	Full	Product	Range	
   (ALFA	series)	
   1.	Air	Compressors                           2.	Auto	pilot	/	Radar                       5.	Diesel	Engine	Generators
   ALFACOMP	AC	oils                             HYDRALFA	HVI	oils	                          ALFAGEN	oils
   Mineral	lubricants	for	reciprocating	air	    High	VI	hydraulic	oils	meeting	DIN	51524	   Premium	quality	trunk	piston	oils	(API	CF)	
   compressors                                  –part	3	HVLP	specs                          for	engines	burning	MDO	or	MGO
   ALFAREF	S	oils                                                                           ALFAMAR	oils
   Synthetic	lubricants	of	alkylbenzene	        3.	Bow	Thrusters                            Premium	quality	high	alkaline	trunk	piston	
   (AB)	type	for	air	compressors	and	                                                       oils	for	engines	burning	HFO	/	IFO
                                                HYDRALFA	HVI	oils
   refrigeration	compressors	that	use	R22,	                                                 BN	available	30,40,50
                                                High	VI	hydraulic	oils	meeting	DIN	51524	
   R114	ref	gases.	
                                                –part	3	HVLP	specs
   ALFASYNTH	DE	oils                                                                        6.	Hatch	Covers
   Synthetic	lubricants	of	diester	(DE)	type	
                                                4.	Deck	Crane                               HYDRALFA	HVI	oils
   for	turbocharger,	reciprocating	and	screw	
                                                                                            High	VI	hydraulic	oils	meeting	DIN	51524	
   air	compressors                              HYDRALFA	HVI	oils
                                                                                            –part	3	HVLP	specs
                                                High	VI	hydraulic	oils	meeting	DIN	51524	
                                                –part	3	HVLP	specs                          ALFAGREASE	Li2
                                                                                            High	performance	multipurpose	EP	
                                                ALFAGREASE	Li2
                                                                                            Lithium	grease
                                                High	performance	multipurpose	EP	
                                                Lithium	grease

2 AEGEAN NEWS aUtUmn 2008
7.	Life	Boat	Winch                             11.	Pitch	Propeller                             15.		Steering	Gear
HYDRALFA	HVI	oils                              ALFATURBO	oils                                  ALFATURBO	oils
High	VI	hydraulic	oils	meeting	DIN	51524	      Mineral	oils	for	use	in	marine	turbines	of	     Mineral	oils	for	use	in	marine	turbines	of	
–part	3	HVLP	specs                             all	types	(steam,	hydraulic,	gas)	as	well	as	   all	types	(steam,	hydraulic,	gas)	as	well	as	
                                               in	reduction	gears                              in	reduction	gears
EP	grease	for	open	gears	&	wire	ropes                                                          HYDRALFA	HVI	oils	
                                               12.	Pumps                                       High	VI	hydraulic	oils	meeting	DIN	51524	
8.	Life	Boat	Engine                            HYDRALFA	HVI	oils	                              –part	3	HVLP	specs
                                               High	VI	hydraulic	oils	meeting	DIN	51524	       ALFAGEAR	oils
ALFADIESEL	15W	40	/	20W	50
                                               –part	3	HVLP	specs                              E.P.	mineral	lube	oils	for	enclosed	gears	
Multigrade	diesel	engine	oils	for	heavy	
duty	modern	engines.                           ALFATURBO	oils                                  operating	at	high	thermal	load	or	speed.
They	meet		API	CI	4	(15W	40)	/	CH4		and	       Mineral	oils	for	use	in	marine	turbines	of	     (API	51517	part	3	CLP)
ACEA	E7	(15W	40)	/	E5	specifications           all	types	(steam,	hydraulic,	gas)	as	well	as	
                                               in	reduction	gears                              16.		Stern	Tube	
High	performance	multipurpose	EP	                                                              ALFASYS	305
Lithium	grease                                 13.	Purifiers                                   Alkaline	system	oil	used	in	the	circulation	
                                               ALFAGEAR	oils                                   systems’	lubrication	of	low	speed	
9.	Main	Engine                                 E.P.	mineral	lube	oils	for	enclosed	gears	      crosshead	marine	diesel	engines
                                               operating	at	high	thermal	load	or	speed.        ALFAGEAR	oils
a.	Crosshead	Diesel	Engine
                                               (API	51517	part	3	CLP)                          E.P.	mineral	lube	oils	for	enclosed	gears	
ALFACYLO	570                                                                                   operating	at	high	thermal	load	or	speed.
                                               ALFASYNTH	GEAR	220
Supreme	quality	cylinder	oil	for	the	                                                          (API	51517	part	3	CLP)
                                               High	performance	synthetic	gear	oil	of	
lubrication	of	low	speed	marine	diesel	
                                               Polyalfaolefine	Type	(PAO)
engines	burning	HFO
                                                                                               17.		Turbo	Chargers
                                               14.	Refrigeration	Compressors
High	performance	cylinder	oil	for	the	                                                         ALFATURBO	oils
lubrication	of	low	speed	marine	diesel	        ALFAREF	oils                                    Mineral	oils	for	use	in	marine	turbines	of	
engines	burning	Low	Sulphur	Fuel               Mineral	lubricants	for	refrigeration	           all	types	(steam,	hydraulic,	gas)	as	well	as	
                                               compressors                                     in	reduction	gears
Alkaline	system	oil	used	in	the	circulation	   ALFAREF	S	oils                                  HYDRALFA	HVI	oils	
systems’	lubrication	of	low	speed	             Synthetic	lubricants	of	alkylobenzene	          High	VI	hydraulic	oils	meeting	DIN	51524	
crosshead	marine	diesel	engines                (AB)	type	for	air	compressors	and	              –part	3	HVLP	specs
                                               refrigeration	compressors	that	use	R22,	
b.	Medium	Speed	Trunk	Piston	Diesel	Engine                                                     ALFASYNTH	DE	oils
                                               R114	ref	gases
ALFAMAR	oils                                                                                   Synthetic	lubricants	of	diester	(DE)	type	
Premium	quality	high	alkaline	trunk	piston	                                                    for	turbocharger,	reciprocating	and	screw	
oils	for	engines	burning	HFO	/	IFO                                                             air	compressors
BN	available	30,40,50                                                                          ALFASYNTH	PAO	oils	
ALFAGEN	oils                                                                                   Synthetic	lubricants	of	Polyalfaolefine	
Premium	quality	trunk	piston	oils	(API	CF)	                                                    (PAO)	type	for	turbochargers	and	rotary	
for	engines	burning	MDO	or	MGO                                                                 air	compressors

10.	Mooring	Winch                                                                              18.	Windlass	

HYDRALFA	HVI	oils	                                                                             HYDRALFA	HVI	oils	
High	VI	hydraulic	oils	meeting	DIN	51524	                                                      High	VI	hydraulic	oils	meeting	DIN	51524	
–part	3	HVLP	specs                                                                             –part	3	HVLP	specs
ALFAGEAR	oils                                                                                  ALFAGEAR	oils
E.P.	mineral	lube	oils	for	enclosed	gears	                                                     E.P.	mineral	lube	oils	for	enclosed	gears	
operating	at	high	thermal	load	or	speed.                                                       operating	at	high	thermal	load	or	speed.
(API	51517	part	3	CLP)                                                                         (API	51517	part	3	CLP)
ALFAGREASE	RG                                                                                  ALFAGREASE	RG
EP	grease	for	open	gears	&	wire	ropes                                                          EP	grease	for	open	gears	&	wire	ropes

                                                                                                                     aUtUmn 2008 AEGEAN NEWS 2
   helleniC environMentAl Center

   The	Environment		
   is	not	Negotiable	
   BΥ PanayioTis sTaMaToyiannis |	HEC

               Focused	on	its	basic	goal,	which	is	the	protection	of	the	marine	environment,	HEC	further	pursues	
               its	activities	with		new	cooperation	agreements.

                                                                    Company	tank	truck	provides	services	to	the	historic	sailing	vessel	Escuela	Esmeralda,	the	pride	
                                                                    of	the	Chilean	Navy.	The	Escuela	Esmeralda	is	one	of	the	biggest	sailing	vessels	in	the	world,	
                                                                    and	recently	sailed	to	the	port	of	Piraeus	as	part	of	a	training	journey	for	Chilean	midshipmen.

               ithin this framework HEC     legislation, under the doctrine “the                       ❚	Elefsina	Shipyards	Installtions
               renewed its cooperation      environment is not negotiable,” ob-                        ❚	Soya	Hellas	Installations	(Chalkida)
               with O.L. Piraeus (Piraeus   ligates all ports (even marinas and                        ❚	Shell	Hellas	Installations	(Amphilohia)	
   Port Authority and with O.L. Elefsis     fishing bays) to provide thorough and                      ❚	Shell	Hellas	Installations	(Perama)	
   (Port Authority of Elefsis) with new     efficient Reception Facilities.                            ❚	Shell	Hellas	Installations	(Chania)	
   contracts, which resulted following         These strict demands resulted in                        ❚	BP	Hellas	Installations	(Aspropyrgos)	
   public tenders, where HEC was once       more and more ports coming to us, as                       ❚ BP Hellas Installations (Κalamata)
   again selected Contractor. Further-      they all know our efficiency and quality                     B
                                                                                                       ❚		 P	Hellas	Installations	(Linoperamata	
   more, under the same procedures,         of services and, as a result, our Compa-                     Heraklion)	
   HEC started a cooperation with the       ny recently signed new contracts with:                     ❚	BP	Hellas	Installations	(Igoumenitsa)
   Port Authority of Heraklion, where it
   established all required installations   ❚	Fthiotida	Port	Fund	                                        Furthermore, since HEC’s reputa-
   with the required technical, admin-      ❚	Chios	Port	Fund	                                         tion has by now traveled beyond Greek
   istrative and working personnel. To      ❚	Kefalonia	Port	Fund	                                     borders, major international ports re-
   achieve the more effective protection    ❚	Hydra	Public	Port	Fund	                                  quire its services, and with some of
   of the marine environment, contem-       ❚	Kalymnos	Public	Port	Fund	                               these ports HEC is in the final stage of
   porary international environmental       ❚	Aget	Heraklis	(Milaki	Aliveri)	                          signing relevant contracts.

2 AEGEAN NEWS aUtUmn 2008
                                                                                                           environ M ent

Planet	Earth	SOS
BΥ PanayioTis sTaMaToyiannis |	HEC

              Rapid	technological	advancement,	mainly	during	the	20th	century,	has	led	man	to	a	frenzied	
              rhythm	of	production	and	the	use	of	technical	devices	on	an	everyday	basis.

    Seeing that he managed to enjoy more              of the generations to come. People decided to        personal, or national interests above the com-
and more comforts, man lost the “measure”             get together under this cause and do something       mon interest of people, the interests of coming
of things, which ended in overproduction, over        about it. They started to rally in Rio de Janeiro,   generations, in one word, the interests of the
consumption, the waste of energy, and the             in Kyoto, in Montreal and elsewhere, to legislate    planet itself. They forget that technological
mismanagement of natural resources, as if             passing stricter rules aiming at the protection      achievements have no value whatsoever if
each generation was the last one to inhabit           of the planet.                                       people do not survive to enjoy them.
the earth.                                                At a European level, Community Direc-                We Greeks must not forget that the sea is
    Our planet has a changed face, tempera-           tive 2000/59/ΕU was issued, giving direc-            a source of life for the whole world and es-
tures have risen, forests from trees have de-         tions to all Community members regarding             pecially for Greece. From our ancestors we
creased and forests from skyscrapers have             the protection of the marine environment, di-        inherited a strong shipping sector, ranked first
increased. The rate of development is out of          rections which our country adopted by LAW            in the world, and we must maintain this posi-
control. It is not natural for a human being to       3418/07/02.                                          tion if we are to preserve our main national
live on the 40th floor, to consume homes of               With this legislation, which has a mainly        resource, the Shipping Exchange.
hundreds of square meters, to use two or more         preventive character,                                    Thousands of kilometers of coastline,
cars, to build in forests. The ravaged planet, with   ❚ Reception Facilities were required in the          combined with the Mediterranean climate,
its destroyed forest, melting ice, ozone hole and       ports of all Community Members                     constitute a great privilege, attracting signifi-
climate change, has started to react more and         ❚ A waste management plan was implemented            cant tourism exchange, and at the same time
more intensely and to sound the alarm.                  in each port, with high standard welcome           creating great responsibilities and multiple
    These phenomena have awakened human-                facilities, under the constant monitoring by       obligations. It is a national duty for all Greeks
ity and, even with a delay, people and govern-          responsible authorities                            who make a living from our marine and coastal
ments have decided to react drastically.              ❚ A fee was established on all arriving vessels      wealth to keep our seas clean.
    People seem to have come out of the lethar-         for the management of their waste                      Nevertheless, satellite photos—the dis-
gy they were in, either by need or by ignorance.      ❚ Strict and regular inspections on ships has        trict attorney of the environment!!!—show
They started to review some wrong impressions           begun                                              that the Mediterranean is still being polluted
they had about the use of the environment and             But compliance with these laws is based          by illegal jettisons of oil products.
realized that every generation is a user of the       mainly on the conscience of citizens. The intro-         We acknowledge the significant steps that
environment and not an owner. They understood         duction of laws without the simultaneous de-         have been taken for the protection of the en-
that the environment is the most important heri-      velopment of citizens’ environmental aware-          vironment, mainly where the State goes hand
tage passing from one generation to another.          ness is not sufficient for the protection of the     in hand with private initiative. However, never
That we must not only pass on to our children         environment. Individuals, groups, even whole         has what Hippocrates stated in 429 B.C. been
and grandchildren a higher level of civilization,     nations, violate the international laws for the      more timely: “Nature is the most dominant
but we must give up certain comforts in favor         protection of the environment, placing their         ruler of all.”

                                                                                                                                   aUtUmn 2008 AEGEAN NEWS 2
   Children And the environMent

                                                I Protect the Environment-
                                                I Safeguard my Future
                                                We do not have to make great sacrifices in order to save our plan-
                                                et. All that we need to do, with care and love, is to change our
                                                everyday habits, at the same time passing on the message, with
                                                persistence and patience, to friends and relatives, to our neigh-
                                                bors and classmates.

                 I Fight Pollution, I Save Energy, I Protect Natural Resources
                     I	Become	Informed                                                              I	Fight	Pollution
   ☼ Wetlands                                                                                                  reduce
       A wetland is a region covered by water (stagnant or running, salty or                                   re use
   brackish water) permanently or occasionally. A wetland can also be a                                        recycle
   region which is not covered by water, but whose substratum is wet for
   large periods of time. Shallow lakes and rivers, lagoons, swamps, fens      Reduce- Reuse
   and moist meadows are wetlands. In 1971, in the city of Ramsar in Iran,     plastic bags
   158 countries signed the Ramsar Treaty for Wetlands, expressing their           According to estimates, every year in the whole world more than
   commitment to protect wetlands, securing a healthy, clean environment       1 trillion plastic bags are distributed. Three out of four are distributed
   for future generationAs.                                                    in super markets.
       Wetlands are among the most valuable resources of our planet,               Reduce their use or, if possible, stop using them all together. When
   topped only by tropical forests in biodiversity and productivity. Plants,   you go shopping, you can take bags with you from previous shopping
   invertebrates, and a large number of migrating birds and fish find refuge   trips or even better, cloth or paper bags.
   in wetlands, with food and favorable conditions, to spend the winter,
   and all these species form a complex food chain. In Greece, at least 138    Recycle
   bird species, some of them declared endangered species, depend to a         packing
   large extent on wetlands. Also, more than 110 fish species inhabit our         There are recycle bins in most neighborhoods. Make the effort,
   country’s lakes and rivers.                                                 change your habits, and recycle the packing of products you have al-
       Furthermore, wetlands provide refuge to mammals such as otters          ready used. Try to use products with packing that is friendly to the
   (Lutra lutra), and jackals (Canis aureus), while smaller wetlands provide   environment. Glass, aluminum, and paper are the best materials for
   home to a large number of amphibians and reptiles. Some very common         recycling.
   species in Greek wetlands, such as the frog Rana ridibunda, the water
   snake Natrix natrix, and the water turtles of the Emydidae family, are      electric snd electronic equipment
   in danger of extinction in Europe.                                              Did you know that European legislation obliges European
       Bad management of wetlands has catastrophic consequences for            citizens to systematically collect every year at least 44,000
   their survival and for the health of humans. Climatic changes caus-         tones of electronic waste, which correspond to 4 kilograms per
   ing extreme dryness in wetlands and the pollution caused by human           citizen, to manage it and dispose of it in a way that will not harm
   activities have resulted in the reduction of drinking water resources.      the environment?
   Many diseases, such as cholera and malaria, find a fertile ground for           So, do not throw in the garbage electric and electronic equipment,
   development in badly managed wetlands. More than 3,000,000 lives            because they contain dangerous substances. Just one battery with
   are lost every year because of these diseases. Let us all strive to keep    cadmium can contaminate 600,000 liters of water. The best solution
   wetlands healthy!                                                           for equipment that has completed its life cycle is to recycle. Also, it is

2 AEGEAN NEWS aUtUmn 2008
                                                                                         Paint	your	Life	Green!
                                                                         ☼ Plant a Tree
best to buy re-chargeable batteries. According to estimates, 180,000          Trees absorb carbon dioxide from the atmosphere and reuse it as a
tons of electric and electronic equipment are produced in Greece every   source of energy, emitting oxygen. Just one tree, during the course of
year. Unfortunately, according to data for the first 8 months of 2007,   its life, can reduce carbon dioxide emissions by 100-1,000 kilograms.
only 16, 674 tons of this equipment have been recycled.                  Plant a tree in your back yard, on the balcony, or in the sidewalk outside
   By recycling electronic equipment                                     your house, and adopt it for life.
☺ We avoid polluting air and water with dangerous substances
☺ We reduce the volume of waste sent to the Sanitary Waste Disposal      ☼ Decorate the Interior of your House with Plants
    areas                                                                    Plants, with their roots and leaves, absorb pollutants in interior areas
☺ We contribute to the re-use of materials, for the production of        from the air and clean it. Research supports that cactus plants absorb,
    which, more work hours, energy and natural resources are spent       to a large degree, the electronic waves of computers.
                                                                             Discuss these ideas with your parents and put plants inside your
                                                                         house. They will brighten up your lives and protect your health!

                                                                                                                            aUtUmn 2008 AEGEAN NEWS 2
   MAritiMe trAdition

   Greek	Seamanship		
   in	the	Byzantine	Period
               Constantinople,	the	capital	of	Byzantium	(330	A.D),	was	a	very	old	commercial	harbor	and	
               eventually	became	the	heart	of	Byzantine	sea	trade.

             reeks were by far the biggest
             majority in the population
             of Byzantium, they retained
   their influence on this eastern part
   of the Roman Empire and as a result
   were again able to expand and further
   develop their activities in shipping,
   and to once again create a long history
   of maritime tradition.
      In examining this tradition we are
                                                 Dromon	Byzantine	cargo	ship
   able to discover that is was the policies
   in shipping adopted during Byzantium          sibilities for sea trade in the Mediter-     Byzantine economy, the Venetians
   that greatly assisted in the success of the   ranean to Italian cities including Amalfi,   and the Turks were the beneficiaries
   Greek merchant marine fleet through-          Genoa, and Venice, and also because the      of the skills of the Greek craftsmen
   out the centuries that followed.              Arabs were becoming stronger.                and seamen of the coastal regions of
      Emperor Nikiforos, in 803 A.D.,               From the 13th century, Byzantium          the Aegean and the Black Sea. Having
   founded the first marine bank in history.     lost substantial power and influence         lost its economic vitality, Constan-
   The bank would loan money to captains         to the Italian cities and Greek mer-         tinople was unable to continue her
   and shipowners for the building of ships      chant marine reached a low point in          naval tradition; commerce, shipbuild-
   and charge 17 percent interest.               its history, although Greek seamen           ing and specialization in navigation
      There was a Ministry of Mercantile         continued to play an important role by       had now passed to foreign hands. In
   Marine, which exercised the necessary         serving on foreign ships.                    the islands, however, under Venetian,
   control over the merchant marine in-             On the eve of the Ottoman conquest,       Genoese, and even Turkish domina-
   dustry, and which would measure               conditions in Byzantium would lead           tion or occupation, shipbuilding con-
   ships, establish ownership, register          one to assume that Greek maritime ac-        tinued. The Greek islanders ranked
   the vessels, and maintain a register of       tivity was insignificant. Long before the    among the finest galley builders in the
   accredited captains.                          Fall of Constantinople, the Byzantine        first half of the 15th century.
      Also in the Byzantine era, “policy         Emperors became puppets in the hands            The Greek merchant marine re-
   makers” established mutual insurance,         of the Italian commercial republics, no-     mained almost insignificant until the
   in other words the P & I Clubs, laws          tably Genoa and Venice. With the Em-         18th century, from which time it started
   concerning insurance claims, maritime         pire's trade completely ruined, we can       to diversify and expand its activities.
   loans, the responsibilities of the ship-      hardly speak of a maritime economy.          This was the direct outcome of the
   owner, and regulations governing the          Whatever maritime activity was still in      emergence of a powerful Christian
   relationship between the owner and his        Greek hands was of a local nature and        merchant class that was able to capture,
   crew. But as history repeats itself, there    economically inconsequential, as both        not only the local and the regional
   came a time, from about the 8th Centu-        external and regional coastal trade was      trade, but also that of the Eastern Medi-
   ry A.D., that the decline of the Byzantine    now in the hands of the Italians.            terranean, South Russia, and part of
   Empire began, first by allotting respon-         Because of this downfall of the           Central Europe.

0 AEGEAN NEWS aUtUmn 2008
                                                            the   Aege An     iMA g e

Products	that	say	
“We‘re	different”
 Aegean	is	proud	of	the	contemporary	image	of	its	petrol	
 stations.	Station	personnel	enhance	the	“Aegean	Look”	
 through	clothing	and	products	that	reflect	a	
 commitment	to	quality	and	customer	service.	

                                                                       aUtUmn 2008 AEGEAN NEWS 1
                                                                       aUtUmn 2008
   Aegean                                Energy for the Future
   Aegean	is	Greece's	most	dynamic	energy,	petroleum,	and	shipping	group.	The	company	has	a	net-
   work	of	retail	gas	stations	throughout	Greece,	is	active	in	marine	fuels	and	lubricants,	and	operates	
   a	fleet	of	tankers	and	barges	internationally	and	domestically	to	transport	petroleum	and	bunkers	
   for	its	global	base	of	clients.

   Through	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	addi-
   tion,	Aegean	directly	supplies	large	industrial	clients	with	petroleum	products	of	
   all	grades,	owing	to	the	consistency	and	service	of	its	transactions.

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

   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	 in	 Gibraltar,	 Singa-
   pore,	Jamaica,	the	United	Arab	Emirates,	Antwerp,	Portland	UK,	Tema	
   in	 Ghana,	 Montreal	 and	 Vancouver.	 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.

   Aegean'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	 with	 the	 code	 of	 safe	
   management	ISM	and	SOLAS	and	are	in	complete	compliance	with	
   MARPOL	regulations.	
   Aegean	continually	adds	to	its	fleet	of	ships,	which	includes	large	ves-
   sels	as	well	as	smaller	capacity	vessels.		Its	fleet	transports	oil	cargoes	
   worldwide	on	behalf	of	major	oil	companies,	commercial	clients,	and	Aegean	

   Aegean	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	successful	relationships	and	
   allow	Aegean	to	supply	lubricants	in	500	ports	worldwide.

   Aegean’s websites
2 AEGEAN NEWS aUtUmn 2008

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