Aegean Marine Petroleum Network Inc. Acquires Double-Hull Bunkering Tanker

Further Expands Bunkering Fleet to Meet Increased Demand for Modern Tonnage in Greece; Redeploys Two Double-Hull Bunkering Tankers

PIRAEUS, Greece, Jan. 15 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has taken delivery of the Hana, a 1992-built 1,615 dwt double-hull bunkering tanker to be renamed the Ace Hana, following the Company's agreement to purchase the vessel from an unrelated third party. The Ace Hana is expected to be deployed to the Company's Greek market.

E. Nikolas Tavlarios, President, commented, "With the strategic acquisition of the Ace Hana, Aegean has once again strengthened its position to capitalize on the regulatory phase-out of single-hull vessels and meet the unfulfilled demand for the Company's integrated marine fuel services. Our latest vessel will be deployed to our Greek market and serve the busy port of Piraeus, where the phase-out of single-hull vessels is now complete. In addition to the Ace Hana, we have deployed two 2,747 dwt double-hull bunkering tankers, the Aegean Tiffany and the Aegean Breeze, from Singapore to Greece to take full advantage of the double-hull requirements and strengthen our growth prospects in this attractive market."

Mr. Tavlarios concluded, "Aegean owns and operates the largest double-hull bunkering delivery fleet in the world. As we continue to expand our leading competitive position, we expect to further enhance Aegean's global market share for the timely supply of quality marine fuel and significantly increase sales volumes."

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 13 markets, including Vancouver, Montreal, Mexico, Jamaica, West Africa, Gibraltar, U.K., Northern Europe, Greece, the United Arab Emirates as well as Singapore, and plans to commence operations in Tangiers, Morocco and the southern Caribbean.

Source: Aegean Marine Petroleum Network Inc.