09APR2019 - NEWS - Marine fuel logistics company Aegean Marine Petroleum Network will now operate as Minerva Bunkering

Marine fuel logistics company Aegean Marine Petroleum Network has recently emerged from the voluntary Chapter 11 restructuring after its plan of reorganization became effective. As informed, the company will now operate as Minerva Bunkering, a global physical supplier of marine fuels and a fully-owned subsidiary of Mercuria Energy Group Limited (Mercuria), an energy and commodity group. Aegean Marine, which markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, commenced its Chapter 11 process in November 2018, reorganizing in order to improve its liquidity. Under the terms of the restructuring deal, Mercuria received 100% of the common equity of the reorganized company.

Published by Editor - www.Livebunkers.com at 09-Apr-2019 05:00:34 [UTC] , contact editor at editor@livebunkers.com