Aegean Takes Delivery of Bunkering Tanker

Thursday, January 08, 2009

Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced on Jan. 7 that it has taken delivery of the Naxos, a 4,600 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China. The vessel is expected to be deployed to the Company's Singapore market.

E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Naxos, which represents our eleventh bunkering tanker newbuilding since going public in December 2006. By successfully increasing our delivery capacity, we expect to further strengthen our position to meet the strong demand for marine fuel and continue to grow sales volumes. We remain on track to take delivery of 20 additional bunkering tanker newbuildings over the next two years as we plan to enter new strategic markets in Tangiers, Morocco and the southern Caribbean during the first quarter of 2009."


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