Aegean’s New Bunkering Tanker

Monday, August 24, 2009

Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Kerkyra, a 6,290 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.

E. Nikolas Tavlarios, President, commented, "Including the Kerkyra, Aegean has taken delivery of seven double-hull bunkering vessels to date in 2009. As we continue to execute our well-capitalized growth plan, we expect to enhance our ability to meet the strong demand for modern tonnage and strengthen Aegean's leading brand for the global supply of marine fuel. We intend to deploy the Kerkyra to Gibraltar in order to further develop future sales volumes in this broad and attractive region."

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