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Creating Flows & Currents Exploration Maritime Tradition the Future∞¶Ƒπ§Π√™ - Π√À¡Π√™ 2003 AEGEAN NEWS 3

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Creating Flows & Currents Exploration Maritime Tradition the Future∞¶Ƒπ§Π√™ - Π√À¡Π√™ 2003 AEGEAN NEWS 3 Aegean News THE QUARTERLY MAGAZINE OF AEGEAN SUMMER 2005 Aegean Orders 6 New RO-RO Tankers to Serve Greek Islands Lloyd’s Register “Working Together” George Melissanidis An Interview Energy Policy ¡. Stefanou Plus Creating Flows & Currents Exploration Maritime Tradition the Future∞¶ƒπ§π√™ - π√À¡π√™ 2003 AEGEAN NEWS 3 editorial Aegean Increasing sensitivity and stricter legislation on is- Core Activities sues related to environmental protection coupled with the rapid progress of Aegean, led us, in the past months, to place a large order for the construction of Retail ➔ More than 420 gas stations throughout 15 new double hull tankers. With this move we contin- Greece proudly display the AEGEAN logo, ue the complete renewal of our fleet and, with the new and our network is growing every week. operation of our stations in the Caribbean, Singapore, AEGEAN's market share in Greece is 5.9%. and Istanbul, Aegean’s horizons are expanding and fa- vorable conditions are being established for our further Shipping growth and development. ➔ AEGEAN manages a fleet of 32 tankers, At the same time, the expansion of our gas station network in the Greek ranging from 3,500DWT to 100,000 DWT, that transfers and delivers oil to our market continues at a very rapid pace. Today, 420 gas stations, accounting for clients throughout the world. All ships 5.9% of the market, are displaying the Aegean logo. This achievement will be meet ISM standards. best understood if we take into consideration that this network has been devel- oped from 2000 until today, which means that during the past five years the people of Aegean have created a new station every four days. Bunkering ➔ In Piraeus, Gibraltar, Istanbul, Jamaica, Together with the modernization of our fleet and the expansion of our activ- and the United Arab Emirates, AEGEAN is ities, we continue to enrich our human resources, which account for the greatest a leader in providing the best bunkering share of responsibility in Aegean’s success. services available. In Piraeus, AEGEAN is the market leader in bunkering. With the wish and hope that the future holds both professional and personal success, I wish all Aegean staff, associates, and friends a wonderful summer. Agency Services ➔ Ships from around the world rely on our agency services at Piraeus, Gibraltar and Jamaica 24/7, from loading and discharg- ing, to spare parts and supplies. TEXACO DIMITRIS MELISSANIDIS Lubricants ➔ AEGEAN exclusively stocks and sells ChevronTexaco automotive lubricants throughout its retail network. SUMMER 2005 AEGEAN NEWS 1 contents Apostolos Poulovassilis, Aegean is in the process of George Melissanidis discusses how Area Manager, East upgrading its liquid fuels reserve Aegean is responding to changes in 22 Mediterranean & Black 820and trading installations today's global shipping marketplace. Sea, Lloyd’s Register in Alexandroupolis. EMEA, discusses today's evolving marketplace. CODE: 5169 4 AEGEAN UPDATE 19 SHIPPING Working Luncheon with Captain P. Tsakos Summer 2005 6 FLOWS AND CURRENTS Trends and News in the Oil and Energy Fields 19 AEGEAN ORDERS 6 RO-RO TANKERS Aegean News is published quarterly by AEGEAN 8 RETAIL 20 SHIPPING Alexandroupolis Installations Interview with George Melissanidis PUBLISHER & MANAGING EDITOR Raymond Matera 10 RETAIL 22 LLOYD’S REGISTER CONTRIBUTING EDITOR Quality & Economy “Working Together” G. Georgana 24 ENERGY POLICY LAYOUT AND PRODUCTION 12 RETAIL Multimedia S.A. Aegean’s Performance— N. Stephanou, General Secretary, Ministry of Development PRINTING AND BINDING First Trimester 2005 A. Psillidis & Co. 14 STATIONS OF THE MONTH 26 EXPLORATION OWNER Toulis Baldis: “Azerbaijan” Aegean The Birthplace of the Oil Industry 42 Hatzikyriakou Street “I Don’t Like Big Fat Words” 185 38, Piraeus, Greece Yiannis Klettas-Sofiko Korinthias 27 MARITIME TRADITION Tel: +30 210 458 6000 A Fish named Tarichos Fax: +30 210 458 6241 16 BUNKERING E-Mail: [email protected] Analysis: Fuel Low in Sulphur 28 ROOTS Internet: www.aegeanoil.gr Komboloi—Tracking Down its Roots (Part One) Comments and suggestions 17 BUNKERING are welcome. New Certificates—TR8:2003 29 ATHLETICS Aegean News is free of charge and Customer Satisfaction Questionnaire Soccer Crosses the Atlantic is available, subject to availability, to any interested 18 BUNKERING 30 TRAVEL person or organization. Jamaica’s First Days of Operation Hydra—An All-Time Classic SUMMER 2005 AEGEAN NEWS 3 AEGEAN UPDATE New Office in New York Aegean has opened its New York offices in a newly built highrise on the Hudson River. The office, managed by trading specialist Georgia Kounelakis and tower- ing above the pavement on the 38th floor, is responsible for overseeing the bunkering operations in Jamaica. New Office The New York office is to be the bridgehead for further expansion in the Americas. in Cyprus North America is viewed by Aegean as a In May 2005 Aegean established a branch highly important market. office in Nicosia, Cyprus. The premises of the Tel: + 201 944 5530 Cyprus branch office are located at 36 Vyronos e-Mail: [email protected] Street, Nicosia. The new Cyprus office, under the management of Ms Mikaela Christou, offers a flexible support center for Aegean and a platform for further expansion. Aegean Acquires Two Ships Tel: + 357 2245 1290 Aegean has acquired two new Double Hull, Double Bottom ships, the Araevo e-mail: [email protected] (I Search) and the Atora (Now), named from the Pontian dialect of Greek, reflecting the Pontian heritage of Aegean. The 29,000 DWT sister vessels will allow Aegean to serve its customers in the current and new markets in which the company operates. Prime Minister of Gibraltar attends Aegean Wedding The Prime Minister of Gibraltar (R), Peter R. Caruana, accompanied by his wife, honored Juan Luis Ghio, a member of Aegean’s Bunkering team in Gibraltar, with his presence at his wedding reception. Aegean Expanding Juan Luis Ghio, tied the knot with its Operations Denise Busto. Our best wishes to the new couple. in Jamaica Aegean plans to add a third ship to its Address, Phone and Fax bunkering station in Jamaica, as the company is beginning to gain a Aegean greater share in the Caribbean market 42 Hatzikyriakou Street, 185 38 Pireaus just five months after it began Tel: +30 210 45 86 000, Fax: +30 210 45 86 241 operating its first bunkering station E-mail: [email protected], web site: www.aegeanoil.gr in the region. 4 AEGEAN NEWS SUMMER 2005 Logging On Customers and associates of Aegean may visit the company’s web site [www.aegeanoil.gr] to learn about the company’s activities. Bunkering customers may register online to conduct business and maintain contact with the bunkering department. New Stations in Aegean’s Retail Network The Aegean network is growing throughout the country. Today 420 gas stations are a part of the Aegean family. Listed below are the stations that have started displaying the Aegean logo during the last two months. 65 Othonos, Lamia Fthiotida 32 Sivitanidou & P. Tsaldari, Kallithea Kotsilitis Pandelis Kazantzis Stamatis & Co. 5 Thermaikou, Thessaloniki 205 Thivon Avenue, Peristeri Maravelias F- Papadeas A. Eliadis Elias Kondariotissa Katerinis 1st km Apsalou-Thessalonikis Pistilis Demetrios New Office Metitanidis Georgios 40 Marathonos Avenue, Marathonas 15th km P.∂.√. Thessalonikis-Evzonon Rousi-Barba Fotini in Singapore Karayiannidis SA Kerkyras & 24 Paxon, Kypseli Foundas P. Ioannis & Co Aegean has opened a new office in the busy 29th km Thessalonikis–Mihanionas Kerasia Thessaloniki Kainourgio Agriniou Asian shipping capital of Singapore. As Aegean Sideris Ioannis Hadjigeorgiou Nikolaos establishes a presence in new markets world- Piperia Aridaea Louros Prevezis Konakoglou Anna wide, Singapore figures high on the list of Letsios Christos Garefi Aridaea Eastward expansion and the new office will pro- Agnadero Karditsas Koyios Alexandros vide Aegean with the necessary foothold for Laspas Demetrios Anoixis Avenue Aridaea growth in Asian markets. 2nd km Trikalon-Pylis Kotaidou Arhondi Aegean's offices, which occupy the 13th floor Pan. Gouma Bros. Dorothea Aridaea Berberis Evaggelos Zilefti Trikalon in the central business district of Singapore, Polykarpi Aridaea are fully operational and by the end of the year Tsiotras Evaggelos Pehlivanis Georgios will be making physical supplies in the Singa- Crysavgi Trikalon ¡otia Aridaea Pappa Efterpi Eleftheriadis Demetrios pore market. The 6-person office is managed Oihalia Trikalon Foustani Aridaea by Erwin Chua and the Greek side of the Singa- Hadji Ioanna ∫apelis Stylianos pore team is represented by Yiannis Tzanakakis. Filoteia Aridaea 18 Lavriou Ave., Glyka Nera Karaelias Stavros Tel: + 65 622 45210 Konstandinidis Ioannis ªilia Aridaea e-Mail: [email protected] Terma Venizelou, Kilkis ∫lironomoi Giannakopoulou N. Sarandis Vasilios Arhaggelos Aridaea Chrysovitsa Astakou Batsili Petroula Zorbas Herakles Exaplatanos Aridaea Panagiotelidis Miltiadis Makrohori Veroias Erasmio Xanthi Chrysanis Ioannis Netzip Oglou Tourhan Argos Airport, Argos 200 Piraios, Tavros Patouras Vasilis Makridis Yiannis ª. Volvi Lagada 18 Ag. Gerasimou, 291 00 Zakynthos Georgiadou Despoina Tsourakis Nikolaos SUMMER 2005 AEGEAN NEWS 5 FLOWS & CURRENTS Greek—Italian and Greek—Turkish Natural Gas Pipelines in the Works Construction of a Greek-Italian construction of the pipeline. natural gas pipeline is due to begin “This is a very significant develop- DEPA and Sofregaz soon, Development Minister Dimitris ment,” Mr. Sioufas said. “This pipeline Sioufas said after an International in combination with the Greek-Tu r k i s h Boost Terminal Energy Agency (IEA) ministers natural gas pipeline, on which work Capacity meeting in Paris. will soon commence, creates an energy Mr. Sioufas and his Italian coun- ring linking Turkey, Greece, and Italy, DEPA S.A. and the Sofregaz—Athina terpart Claudio Scajola agreed that and consequently all of Europe for the consortium signed a 37.7 million euro Greece and Italy should sign a bilater- transfer of natural gas from the coun- agreement to boost capacity at a liquefied al protocol for speeding up the imple- tries of the Caspian Sea.” natural gas terminal on the island of mentation of a Greek-Italian natural Revythousa.
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