Greece: Aegean Marine Takes Delivery of New Bunkering Tanker

Aegean Marine Petroleum Network Inc. today announced that it has taken delivery of the Halki, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the Company’s market located in Gibraltar, increasing the number of vessels serving Gibraltar and Tangiers, Morocco to six.

E. Nikolas Tavlarios, President, commented, “With the delivery of the Halki, Aegean continues to execute its fully funded newbuild program. Our high-quality logistics infrastructure provides a distinct commercial advantage, positioning Aegean well to increase utilization and drive future earnings as we enter new and attractive markets, including Panama. Going forward, we expect to take delivery of two remaining double-hull bunkering tanker newbuilds by the end of 2011.”

About Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 19 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Cape Verde and Panama.

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Source: AMPNI, August 5, 2011.