Weak tanker markets and heavy competition have forced Aegean Marine Petroleum to warn of a widening net loss in the fourth quarter.
The New York-quoted bunkering giant also plans to sell off a raft of assets as it eyes new operations and fleet repositioning in order to bolster the bottom line.
Nikolas Tavlarios-led Aegean has braced investors for a final term loss of between $12m and $13m.
