Aegean announces pricing of public offering

Fri 22 Jan 2010, 07:04 GMT

Aegean announces pricing of public offering

Bunker supplier prices public offering of common shares ahead of sale next week.

Physical marine fuel and lubricants supplier Aegean Marine Petroleum Network Inc. has announced that its has priced its public offering of 3,906,000 common shares at a price of $32.75 per share.

The company expects to close the sale of the common shares on January 27, 2010, subject to customary closing conditions.

Goldman, Sachs & Co. and Jefferies & Company, Inc. are serving as joint book-running managers and BB&T Capital Markets, Clarkson Johnson Rice, Dahlman Rose & Company, Lazard Capital Markets, and Stephens Inc. are acting as co-managers for the offering.

The underwriters will have a 30-day option to purchase up to an additional 585,900 shares of common stock offered by the Company.

As announced previously, the company intends to use the net proceeds from this offering to fund certain corporate acquisitions and for general corporate purposes.

Greece United States


		DP World names first methanol dual-fuel vessel at ceremony in Aarhus Marine services business, Shipping Solutions, names 1,250-TEU boxship with five-cylinder main engine.

		LD Armateurs launches first of two SOVs for Vattenfall at Chinese shipyard Wind of Ocean features hybrid-electric propulsion and a double-ended hull design.

		Singapore and Brazil sign MoU to establish green and digital shipping corridor Two countries will collaborate on maritime decarbonisation, digitalisation and alternative marine fuel supply chains.

		WinGD modelling shows retrofit pathways to net zero can pay off, but policy support remains key Fuel economics and regulation — not engine technology — are the main barriers to cost-effective decarbonisation retrofits, says report.

		Arte Bunkering seeks Mandarin-speaking senior bunker trader to establish presence in China European trading firm is expanding into China with its first on-the-ground hire.

		Monjasa recruiting trader for New York team Experience in marine fuel or shipping an advantage but not a requirement.

		SSA launches training course to prepare maritime companies for Singapore’s mandatory digital bunkering Course designed to help companies evaluate the impact of digitalisation on their existing workflows and business processes.

		Monjasa opens two trader roles at Cyprus base, one for Italian speaker Experience in shipping or sales described as a requirement.

		GRSE wins West Bengal orders for two hybrid diesel-electric ferries Indian state-owned shipbuilder expands green inland waterway portfolio with latest contracts.

		New Sea Generation seeks experienced bunker traders in Greece Bunker trading firm is offering equity and a path to partnership.