(13 November, 2018) Editor: Peninsula Petroleum Ltd has been removed from the list below due to a clarification with Manifold Times that Aegean does not owe it any debt.
New York-listed bunkering firm Aegean Marine Petroleum Network (Aegean) on Tuesday (6 November, 2018) filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New York.
The creditor list of Aegean is as follows:
|Name of creditor||Nature of claim||Amount of claim|
|U.S. Bank National Association||Unsecured bond debt||$172,500,000|
|Deutsche Bank Trust Company Americas||Unsecured bond debt||$94,550,000|
|American Express Travel Related Services Company||Contract Claim||$20,000,000|
|BP Europa SE||Trade||$1,133,079|
|Aegean Oil SA||Trade||$475,600|
|Port of Fujairah||Trade||$395,792|
|Orient Insurance Co. PJSC||Insurance Claim||$288,485|
|Aegean Agency Ltd||Trade||$263,028|
|AP Oil Pte Ltd||Trade||$213,996|
|Oilchart Offshore – Oilchart UK Ltd||Trade||$208,340|
|Elpe (Ellpetrelaia SA)||Trade||$183,394|
|Green Ports (Gibraltar) Ltd||Trade||$179,800|
|Pearl Marine DMCC||Trade||$170,300|
|Alfaship Shipping Agency S.L.||Trade||$166,573|
|Scheepvaartbedruf Ant. Koren BV||Trade||$160,941|
|Melco Petroleum SA||Trade||$157,336|
|ASM International NV||Trade||$136,117|
|Kyvernitis Travel & Shipping SA||Trade||$132,706|
|Amercian Bureau of Ship. (Foreign)||Trade||$131,428|
|Collector of Customs (Jamaica)||Trade||$126,999|
|Govt. of Fujairah – Dept of Industry & Economy||Trade||$125,000|
|Trident Navigation Ltd||Trade||$119,896|
|Bayport Ex Puerto Bahia||Trade||$110,526|
|Wilhelmsen Ships Service||Trade||$109,495|
A timeline organised list of events preceding the current development have been recorded by Manifold Times below:
Related: Aegean files for Chapter 11, Mercuria to be ‘stalking horse bidder’
Related: Aegean auditors alleges up to $300 million ‘misappropriated’
Related: Aegean: Forensic auditors target investigations on four companies
Related: President of Aegean to leave, effective November 15
Related: Rumours: Alleged changes at Aegean’s management
Related: Mercuria starts ‘sole lender’ arrangement with Aegean
Related: Aegean establishes new management committee
Related: Mercuria bails Aegean out with $1 billion credit
Related: Ocean Intelligence comments on Aegean credit downgrade
Related: Aegean shares down 71%, to face legal investigations
Related: Aegean audit uncovers $200 million account discrepancy
Related: Aegean unfolds several business developments
Related: Aegean drops founder, elects new board members
Related: Aegean requests for ‘additional time’ to file annual report
Related: Aegean welcomes new Chief Financial Officer
Related: Lawsuit filed against Aegean’s H.E.C. acquisition
Related: Aegean to offer ‘one-stop-shop solution’ with H.E.C. acquisition
Related: Aegean in $367 million acquisition of port reception facilities services group
Related: Aegean shareholders ‘gravely concerned’ over board’s silence
Related: Shareholders nominate ‘highly qualified’ candidates to Aegean board
Related: Aegean Marine Petroleum Network under shareholder pressure
Published: 7 November, 2018
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