Company

probunkers will contribute to the development of LNG marine infrastructure by providing premier and reliable LNG bunkering services. We aim to be among the early movers who will support the future of Sustainable Shipping and Green Energy.

probunkers Holding was established in 2017 in Cyprus. Its headquarters are based in Athens, Greece. The company will have shareholding control over a group of companies operating in the sectors of shipping and energy. The Shipping division will design, build, own and operate a fleet of LNG supply vessels. They will all be single vessel entities owned 100% by probunkers Holding. The Commercial Companies will also be fully owned by the Holding company. The Commercial division will have presence and operate in seven geographical locations across the globe, through local branches; each of them will include operational and crewing departments overseen by three main regional trading offices with sales and customer service departments.

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Our Goals & Objectives are around our:
  • Customers
    Building and maintaining strong customer relations
    Safe, reliable and efficient service
  • Employees
    Always have a diverse, goal-oriented, motivated and ethical TEAM
    Promote, train and give priority to Health and Safety
  • Shareholders
    Meet and exceed shareholder expectations by delivering results
    Create shareholder value by growing our business
  • Society
    Respect and protect the environment
    Be a good and responsible corporate citizen

 

Our Core Values are:
  • Integrity
    Honest, open-minded and ethical conduct of business.
  • Commitment
    Be the Best Global LNG Bunker Physical Supplier.
  • Reliability
    Count on us to deliver efficiently, on time, the correct quantity at the right quality.
  • Respect
    Our customers, employees, Shareholders and the Society.

Alexander Prokopakis – Chief Executive Officer 

Alexander Prokopakis is the CEO of LNG PRO Bunkers Holdings and the architect of the probunkers project. Prior to founding probunkers, he served Mamidakis Brothers Group as a senior executive, leading all of the Group’s Shipping, Bunkering and Aviation activities, through its respective companies: JetOil, JetTank and STYGA Compania Naviera. Mr. Prokopakis has over 20 years of professional experience in commercial leadership positions, over which he has attained deep knowledge and expertise mainly in the industry of shipping and bunkering. He is a Graduate of St. John’s University with an MBA in Executive Management and holds a BSc Degree in Business Management from the State University of New York.

Vassilis Hatzigiannis – Chief Financial Officer 

Vassilis Hatzigiannis is the CFO of LNG PRO Bunkers Ltd.  Prior to joining probunkers, he served as senior executive with the role of Projects & Finance Head with Primal Shipmanagement Inc. a dry-bulk shipmanagement and dry cargo operations group and Alba Maritime Services S.A. a dry-bulk shipping company.  His role covered Finance (debt & equity capital markets where he raised over $0.5 billion of debt for the needs of the companies, instrumentally participated in a $1,10 billion M&A transaction with a US stock listed company and carried out roadshows for equity capital raising), Commercial (cargo COAs, Freight & Bunkers exposure hedging, monitoring of the book of cargoes & commercially controlled fleet), as well as new projects development & funding and negotiations of newbuilding contracts.  Vassilis had senior positions in the Shipping Finance Division of HSBC Bank, Societe Generale Hellas and Egnatia Bank.  He is a graduate of CASS Business School MSc Shipping, Trade & Finance and holds a BSc in Economics from Piraeus University.

Andreas Zompanakis – Technical Manager

Andreas Zompanakis is the Technical Manager of LNG PRO Bunkers Ltd.. Before joining the team in probunkers, he served as Fleet Manager with Prime Tanker Management Inc. and as Superintendent Engineer with Anthony Veder Rederijzaken B.V. being responsible for the technical management and commercial acceptance of oil, product, chemical and gas tankers varying from small scale to mid-size gas carriers and from MRs to LR2 tankers. His responsibilities covered the execution of dry-docking repairs, the integration of new buildings and second hand acquisitions to the fleet, modifications project management, the efficient, safe and environmentally sound operation of the fleet, as well as the compliance to TMSA and Oil Majors’ vetting requirements. Andreas holds a MSc in Shipping Management from TU Delft and a MSc in Marine Engineering and Naval Architecture from the National Technical University of Athens (NTUA).

Panos Yannoulis – President and Chairman of the BoD

Panos Yannoulis is a naval architect and marine engineer. He has graduated from the University of Genoa, Italy, in 1970. His professional experience covers ship research, ship design, shipbuilding and project management.
During his career, he was in charge, as designer, project manager or shipyard divisional director, of multimillion dollar projects for a variety of ship types and marine structures. He covered top technical managerial positions, namely Newbuilding’s Manager at Hellenic Shipyards, Skaramanga, Greece and Technical Director at Avlis Shipyards, Chalkis, Greece. Presently, he is Partner and President of OCEANKING S.A.
Mr. Yannoulis is a member of the Technical Chamber of Greece, the Hellenic Association of Naval Architects & Marine Engineers and a Fellow Member and ex-President of the Hellenic Institute of Marine Technology. Furthermore, he is ex-President of the International Maritime Association of the Mediterranean (IMAM). He is author of technical papers in technical publications and presented papers in various international and national conferences and seminars on ship design and/or construction matters.

Costas Hassiotis – Executive Member of the BoD

Costas Hassiotis holds a First Class Honors B.Sc. degree in Naval Architecture and Marine Engineering from the University of Newcastle-upon-Tyne (U.K.). He also holds a Master of Science (MS) from Massachusetts Institute of Technology (MIT), as well as in Management Studies (M.Sc.) from Durham University (U.K.).
He began his career as Technical Manager of British Shipbuilders in Greece, until the mid-80s when he founded OCEANKING in which he is presently the Vice President. Costas Hassiotis is a member of the Hellenic Institute of Marine Technology and a founding member of the Hellenic Branch of the British Institute of Marine Engineers and Naval Architects. He is also member in many other professional bodies and Associations.

Alexandros Zaracoudis – Executive Member of the BoD

Alex Zaracoudis holds an Msc in Finance from Bentley University in Boston. He has over 20 years experience in international maritime finance, capital markets, project finance, trading, commercial management and technical ship operations. He has successfully raised in excess of $2 billion for maritime projects with international banks. He is currently CEO of Unisea Shipping, managing crude oil tankers and dry bulk vessels. Alex had executive roles in finance and shipping including Cardiff Marine, Eurofin Group, Merlin Tankers and Arista Shipping.

Alexander Prokopakis – CEO and Secretary of the BoD

Alexander Prokopakis is the CEO of LNG PRO Bunkers Holdings and the architect of the probunkers project. Prior to founding probunkers, he served Mamidakis Brothers Group as a senior executive, leading all of the Group’s Shipping, Bunkering and Aviation activities, through its respective companies: JetOil, JetTank and STYGA Compania Naviera. Mr. Prokopakis has over 20 years of professional experience in commercial leadership positions, over which he has attained deep knowledge and expertise mainly in the industry of shipping and bunkering. He is a Graduate of St. John’s University with an MBA in Executive Management and holds a BSc Degree in Business Management from the State University of New York.

Dear Stakeholders,

The much-discussed 2020, originally for IMO and then due to COVID-19, is behind us.  The pandemic fundamentally changed the way we work but we responded quickly in order to continue our activities and move forward.  Shipping, the industry that we serve, will be facing many challenges for the years ahead.  From digitalization to crew training but most importantly decarbonization as it is on top of the agenda for regulators following the general public demand.

2020 was a challenging year for the Liquified Natural Gas (LNG) market, like for most industries.  Investors in LNG faced short-term uncertainty amid lingering effects from the coronavirus pandemic.  The fundamental drivers for LNG remain strong as natural gas will soon be the world’s largest primary energy source.  Last year was a record year for new LNG project approvals, vessel deliveries and orders with LNG as a fuel as well as LNG bunkering and small-scale LNG vessels.

For probunkers 2020 was a rich and intense year.  We all experienced difficult and unprecedented circumstances.  Undoubtably we faced uncertainty and delays, like most businesses, but we worked diligently in order to overcome the challenges.  While potential investors procrastinated on their FID’s we had to postpone our first LNG bunkering vessels order but we are confident that this will materialize within the first half of 2021.  As we applied for our first LNG bunkering license in the number one bunkering hub in the world, Singapore, we gained experience through the process and looking forward doing so in other areas as well.

The LNG market is evolving, the old fashion habits of long-term contracts and commitments are fading.  The industry is requesting more flexible, commercial and transparent terms, this is our value proposition, it is appreciated and anticipated from the market.  For 2021 the LNG fueled fleet will further expand and along with the increasing interest from charterers and shipowners for LNG as a marine fuel, probunkers is poised to become the leading independent global LNG bunker supplier.

 

Sincerely,

Alexander Prokopakis

Chief Executive Officer