Aegean Marine Petroleum Network Inc. Takes Delivery of Fifth Bunkering Tanker Newbuilding in 2008

Further Expands Delivery Capacity

PIRAEUS, Greece, Nov. 19 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has taken delivery of the Patmos, a 6,280 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Patmos will be deployed to the Company's U.A.E. market.

Including the Patmos, Aegean now boasts a current bunkering delivery fleet of 30 vessels and barges, of which 25 are double hull. The Company expects to take delivery of 22 remaining double-hull tanker newbuilds over the next two years, which will increase its total bunkering delivery fleet to 52.

E. Nikolas Tavlarios, President, commented, "We are very pleased to announce the delivery of our first bunkering tanker newbuild from Qingdao Hyundai Shipyard in China and our fifth newbuilding to date this year. By significantly increasing our modern double-hull fleet, Aegean has once again strengthened its ability to take advantage of the regulatory phase out of single-hull vessels. As we continue to execute our well-capitalized growth plan, we expect to take delivery of two additional double-hull bunkering tanker newbuilds in 2008 and further increase sales volumes in both the near term and long term."

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 Network Inc.