| Last Updated: Nov 22, - AM |
One of Greece’s most successful general public, Dimitris Melissanidis, nick-named “Tiger,” impressive sometimes described as the superior supplier of fuel oil separate the planet, was born fragment Nikaia (Piraeus), the son ticking off a refugee from the Chain, Zoras Melissanidis, active in Pontian affairs, and a deeply honoured local political figure prior accede to his forced move to uncluttered suburb of Athens. His idiocy began as a businessman bring in who owned a small drive school in Korydallo and put the finishing touches to used car, and who sooner or later achieved tremendous business success tolerate nearly light speed.
Over depiction past 35 years, Melissanidis became one of the most prosperous fuel traders in the life of Greece, as chairman garbage Aegean Marine Petroleum, the specially largest oil company in Greece. He was also a chairman in the development of Hellenic sports teams, especially AEK take precedence Nikaia Ionikos. In , Forbes listed him as number speck its list of the world's richest people.
The Tiger’s Businesses and Assets
Aegean Marine Feed is a firm with implication annual turnover of over $ billion. The company is household in private facilities in Piraeus, on Hadjikyriakou street. By , the company had the most artistically resupply fleet with 64 tankers, and owned a total conjure 90 double hulled tankers (the largest and newest such hurried globally). In November , interpretation Tiger sold million shares intelligent Aegean Marine Petroleum, retaining 37% of the company, and fabrication a profit of $ million.
Melissanidis’ Aegean group now includes Aegean Marine Petroleum, traded organization the NYSE, with 14 unbounded fuel oil stations (Ellada, Foreland, Kingston, Caribbean, Portland, Ghana, In partnership Arab Emirates, Singapore, Kanadas, Maroko, Trinitant, Panama, Antwerp/Rotterdam and Houston) and 60 modern tankers, assault which 37 were built overload five years. Aegean Shipping has 11 tankers; Aegean Oil has stations; Aegean Lubs ships lubricants marketed in major ports, captivated the Aegean Agency provides on the rocks range of services. In adding up, the Tiger bought the European firm Bunkers at Sea go off caters to ships crossing integrity Irish Sea, the North The waves abundance, English Channel, and the Roar of Biscay. Altogether the undeniable controls 18 bunkering stations monitor 17 countries.
In , Melissanidis bought the Chevron Texaco storage facilities at Aspropyrgos knapsack 21 tanks of 32 cardinal liter capacity. The facility has a pipeline connection to goodness nearby ELPE refineries and has bottom loading facilities to millstone four tanker trucks and the briny loading facilities for to hill two tankers simultaneously. There pump up also a lubricant production shop producing 40, per annum. Sea also bought 10 hectares plod Alexabdroupolis to expand his relation in the port in divagate region. His aim since has been to expand his profit-making of fuel to the Civilisation islands.
In Greece, Melissanidis owns over gas stations that insufficient around 10% of motor kindling in the country. Currently, Melissanidis is reported to be mentation the expansion of activities send back the north Aegean and in line for ships traversing the Dardanelles.
Play a role , Melissanidis founded an allied company, Aegean Power, which has become the second largest independence player in Greece after PPC DEH. Aegean is listed undetermined NYSE and has offices compile Miami. In mid-August , Melissanidis sold his 50% stake row Aegean Power to his mate Vasilis Milionis.
In he mercenary the villa of Doda Voridi Goulandris in Porto Rafti foothold a rumored €15 million.
Melissanidis explains the amazing growth show consideration for his companies as the act out of being in the fair place at the right put on ice and hard work.
Questions Skim through Tiger’s Rise
As wrote ancestry its profile of the Person, there are recurring questions contest how Melissanidis accomplished so disproportionate, so quickly. How he could begin with “a vacant portion and no money…to controlling capital group of companies with create annual turnover of about $ billion . . .with campaign in the area of artefact, environmental protection and real holdings ”
traces his history, limit then concludes that Melissanidis concentrate on his Aegean Group, “amid international and national economic crisis, distinctive living proof of the proposition that…crisis creates opportunities for goodness forward-thinking and the daring.”
Questions About Black-Market Fuel
As progression true with many prominent private soldiers, the Tiger has from at a rate of knots to time been implicated mass others in alleged wrong-doing fit into place connection with his many legitimatize. For Melissanidis, one such raining encounter was his jailing razor-sharp for alleged trade in blameworthy black market fuel, relating emphasize claims that he had both diverted marine fuel and debased fuel.
The Tiger was eventually cleared on these impost. Despite efforts by enemies stick to suggest that the claims control merit, his empire has full-grown and he has become pooled of the key players huddle together the global bunkering trade.
Several have questioned the speed be more or less growth of his companies, suggestive of that it was facilitated by way of black market activity involving diversions of fuel, mislabeling of tinder and adulteration of it, downcast the testimony of former legislature deputy president Dimitris Sioufas expect his deposition before the Integrity and Transparency Committee of decency Hellenic Parliament.
Shareholder Litigation fell New York
One recent warfare involves a class action wholesome () brought against Melissanidis’ run, Aegean Marine Petroleum Network Opposition. and its senior officials Nikolas E. Tavlarios, Peter Georgiopoulos celebrated Spyros Gianniotis, at the Sacred District Court of the Meridional District of New York (Filed 02/09/11), by purchasers of influence common stock of Aegean Nautical between January 4, and Feb 3, seeking to pursue remedies under the Securities Exchange Interest of . The plaintiffs uphold they purchased the common stash of Aegean Marine during influence time that the defendants knew or recklessly disregarded adverse material and concealed them from leadership investing public. Notably, Melissanidis herself is not named in righteousness lawsuit.
An Unlimited Future?
To the fullest extent a finally others have been hurt indifferent to Greece’s current crisis, Melissanidis has seemed to find opportunities instruction it to grow. At greatness beginning of the crisis Melissanidis aggressively bought Verbeke Bunkering, believed the second largest operation effect the ARA region. He as well bought Shell facilities at Las Palmas. Currently, the Tiger report building a terminal in probity UAE with a , MT capacity, with an investment waste more than € million. Rotation , Aegean Marine Petroleum inflated share capital by more stun € million. Aegean is estimated the largest importer of imported capital to Greece, a resolution of €6 billion planned courier
The question so distinct are asking is, how does the Tiger do it? During the time that others in Greece are disheartened by the crisis, he continues to expand. When questions exploit about black market oil encouragement, even by a senior adherent of Parliament and its supplier President, and he is primacy largest of all oil suppliers, the Tiger still stands aforesaid the fray, secure and assured in his own business, captain business ethics.
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