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Aegean Chapter 11: Creditor list shows exposure of 30 parties

07 Nov 2018

(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
Petrojam Ltd Trade $3,176,047
BP Europa SE Trade $1,133,079
Aegean Oil SA Trade $475,600
Port of Fujairah Trade $395,792
Antipollution A.N.E. Trade $375,334
Vane Line Trade $295,000
Orient Insurance Co. PJSC Insurance Claim $288,485
AGAAT Trade $274,999
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
DNV GL Trade $131,591
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’
RelatedAegean auditors alleges up to $300 million ‘misappropriated’
RelatedAegean: Forensic auditors target investigations on four companies
RelatedPresident of Aegean to leave, effective November 15
RelatedRumours: Alleged changes at Aegean’s management
RelatedMercuria starts ‘sole lender’ arrangement with Aegean
RelatedAegean establishes new management committee
RelatedMercuria bails Aegean out with $1 billion credit
RelatedOcean Intelligence comments on Aegean credit downgrade
RelatedAegean shares down 71%, to face legal investigations
RelatedAegean audit uncovers $200 million account discrepancy
RelatedAegean unfolds several business developments
RelatedAegean drops founder, elects new board members
RelatedAegean requests for ‘additional time’ to file annual report
RelatedAegean welcomes new Chief Financial Officer
RelatedLawsuit filed against Aegean’s H.E.C. acquisition
RelatedAegean to offer ‘one-stop-shop solution’ with H.E.C. acquisition
RelatedAegean in $367 million acquisition of port reception facilities services group
RelatedAegean shareholders ‘gravely concerned’ over board’s silence
RelatedShareholders nominate ‘highly qualified’ candidates to Aegean board
RelatedAegean Marine Petroleum Network under shareholder pressure

Published: 7 November, 2018

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