Business

Aegean welcomes new Chief Financial Officer

Pavlos Papageorgiou most recently served as Senior Advisor at New York-listed Seacor Holdings.

Published

7 years ago

April 18, 2018

Admin

New York-listed international bunkering firm Aegean Marine Petroleum Network Tuesday welcomed Pavlos Papageorgiou as the company’s new Chief Financial Officer, effective immediately.

Papageorgiou succeeds Spyros Gianniotis, who will continue to act as an independent consultant to the company to help ensure a seamless transition of financial and operational responsibilities, it says.

“We are pleased to welcome Pavlos as Chief Financial Officer of Aegean,” says Yiannis Papanicolaou, Aegean’s Chairman of the Board

“Pavlos brings more than 20 years of extensive senior leadership experience across global marine transportation, business development and financial services.

“We are confident Pavlos’ significant industry knowledge positions him to hit the ground running and support our ongoing efforts to drive growth, profitability and value for all Aegean stakeholders.”

Papageorgiou replied, “I am very excited to join the team at Aegean and look forward to helping management deliver on the company’s great potential.”

According to Aegean, Papageorgiou most recently served as Senior Advisor at New York-listed Seacor Holdings where he worked with the executive management team in executing corporate opportunities.

While at Seacor, Pavlos held a number of management roles including Chief Financial Officer of Seacor Marine Holdings LLC (SMH), where he helped advise management on strategy and mergers and acquisitions (M&A) activities including deal assessment, structuring and analysis, as well as capital markets.

Prior to his positions at Seacor, Papageorgiou held various roles of increasing seniority at Morgan Stanley having served as Head of Principal M&A Execution, responsible for major strategic initiatives including deal sourcing, and executing acquisitions.

More recently, Papageorgiou served as Assistant Treasurer and Global Head of Liquidity Planning and Coverage at Morgan Stanley where he led the firm’s Global Liquidity Risk Management Framework, including Contingency Funding Plan (CFP), governance, escalation and mitigating actions.

He began his career in the Investment Banking department at Merrill Lynch where he specialised in Telecommunications M&A.

Papageorgiou received a M.Sc. in International Finance from The Grammenos Centre for Shipping, Trade and Finance at City University of London’s Cass Business School and a B.S. in International Economics from Georgetown University’s School of Foreign Service.

Photo credit: Aegean Marine Petroleum Network
Published: 18 April, 2018

LNG Bunkering

China: Ningbo Zhoushan Port completes first LNG bunkering operation for 2025

Bunkering vessel “Hai Yang Shi You 302” supplied more than 10,000 cubic metres of LNG bunker fuel to containership “MSC Adya” at the Ningbo-Zhoushan Port port on 5 January.

Published

3 days ago

January 10, 2025

Admin

China: Ningbo Zhoushan Port completes first LNG bunkering operation for 2025

Zhejiang Pilot Free Trade Zone Zhoushan Area on Wednesday (8 January) said Ningbo-Zhoushan Port successfully completed its first LNG bunkering operation for the year.

Bunkering vessel Hai Yang Shi You 302 supplied more than 10,000 cubic metres (m3) of LNG bunker fuel to containership MSC Adya at the port on 5 January.

Zhejiang Seaport International Trading, the bunker supplier for the operation, successfully obtained the Zhoushan Anchorage LNG bunkering licence in June 2024, extending refuelling services from dock to sea.

The company’s services cover Meishan, Chuanshan, Daxie and other port areas.

As China's first river-sea LNG transport and bunkering ship, Hai Yang Shi You is currently placed permanently at Ningbo Zhoushan Port, providing a variety of bunkering methods such as ship-to-ship and ship-to-shore.

Zhejiang Seaport International Trading will continue to expand the scope of bonded LNG bunkering operations and new alternative fuels such as green methanol, ammonia and biofuels in the Zhoushan Area.

Photo credit: Zhejiang Pilot Free Trade Zone Zhoushan Area
Published: 10 January, 2025

Business

Shandong Port Group bans US-sanctioned tankers from entering its ports

Group has prohibited ports to dock, unload or provide ship services to vessels on the Office of Foreign Control list managed by the US Department, according to a Reuters news report.

Published

3 days ago

January 10, 2025

Admin

Shandong Port Group bans US-sanctioned tankers from entering its ports

China’s Shandong Port Group has reportedly blocked tankers affected by US sanctions from entering its ports, according to an exclusive news report by Reuters on Wednesday (8 January).

Citing a notice from the port, which was issued on 6 January and shared to Reuters by traders, the Group has prohibited ports to dock, unload or provide ship services to vessels on the Office of Foreign Control list managed by the US Department.

In another notice released on 7 January, the ban came after sanctioned tanker Eliza II unloaded at Yantai Port in early January.

Shandong Port operates major ports on the east coast of China including Qingdao, Rizhao and Yantai, which are major terminals for importing sanctioned oil.

The traders said the ban could slow imports into China, the world’s largest oil importing nation, and increase shipping costs.

Photo credit: Shandong Port Group
Published: 10 January, 2025

Business

US DoD designates COSCO Shipping and CNOOC as ‘Chinese military companies’

COSCO Shipping has responded that the company and its subsidiaries ‘have consistently adhered to local laws and regulations, maintaining strict compliance in all international operations’.

Published

3 days ago

January 10, 2025

Admin

China: Cosco Shipping and bp to explore collaboration into methanol bunker fuel

The US Department of Defense (DoD) on Tuesday (7 January) has added China’s state-owned shipping company COSCO Shipping and two of its subsidiaries to its list of companies for allegedly having links to the Chinese military.

The subsidiaries are COSCO SHIPPING (North America) and COSCO SHIPPING Finance.

DoD released the update to the names of "Chinese military companies" operating directly or indirectly in the United States in accordance with the statutory requirement of Section 1260H of the National Defense Authorisation Act for Fiscal Year 2021. The Department said it will update the list with additional entities as appropriate.

Updating the Section 1260H list of "Chinese military companies" is an important continuing effort in highlighting and countering the People’s Republic of China's (PRC) Military-Civil Fusion strategy, DOD added.

The list also included other Chinese shipping-related companies such as shipbuilders China Shipbuilding Trading and China State Shipbuilding Corporation, oil company China National Offshore Oil Corporation (CNOOC), CNOOC China and CNOOC International Trading.

Shipping container manufacturer China International Marine Containers (CIMC) was also included on the list of companies.

In a response to the move, COSCO Shipping said it has noted the recent inclusion of the company and its subsidiaries to the sanctions list.

“COSCO Shipping and its subsidiaries have consistently adhered to local laws and regulations, maintaining strict compliance in all international operations,” it said on its website.

“We remain committed to facilitating global trade and providing high-quality commercial shipping and logistics services to clients worldwide, including agricultural producers, manufacturers, energy firms, retailers, and exporters in the United States.”

“We emphasise that none of the aforementioned companies are ‘Chinese military companies’. We will engage with U.S. authorities to clarify this matter. This designation does not impose sanctions or export controls, and our global operations will continue uninterrupted.”

Photo credit: COSCO Shipping
Published: 10 January, 2025