Aegean Marine Petroleum Network Inc. Takes Delivery of Bunkering Tanker Newbuilding

PIRAEUS, Greece, Oct. 1 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has taken delivery of the Santorini, a 4,600 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China. The Company intends to employ this new vessel in Gibraltar, replacing the Aegean Rose, which will be redeployed to Piraeus.

Including the Santorini, Aegean currently boasts a total bunker delivery fleet of 29, composed of 27 bunkering tankers and two barges. The Company expects to take delivery of 23 remaining double-hull tanker newbuilds over the next two years, which will expand its total bunker delivery fleet to 52.

E. Nikolas Tavlarios, President, commented, "With the delivery of our eighth newbuild from Fujian Southeast Shipyard, Aegean has once again expanded its modern, high-quality bunkering fleet. By further increasing our delivery capacity, we have strengthened our position to take advantage of the positive fundamentals in the global marine fuel industry and drive future sales volume growth."

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. As a physical supplier, the Company purchases marine fuel from refineries, major oil producers and other sources. The Company sells and delivers these fuels to a diverse group of ocean-going and coastal ship operators and marine fuel traders, brokers and other users through its service centers in Greece, Gibraltar, Singapore, Jamaica, the United Arab Emirates, Northern Europe, West Africa, the United Kingdom and North America.

Source: Aegean Marine Petroleum