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

Further Expands Delivery Capacity in the United Arab Emirates; Aegean Champion Represents the Largest Bunkering Tanker in the Company's Fleet

PIRAEUS, Greece, May 1 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has taken delivery of the Sichem Arctic, a 1991-built 23,400 dwt double-hull bunkering tanker to be renamed the Aegean Champion, following the Company's agreement to purchase the vessel from an unrelated third party. The Aegean Champion is expected to be deployed to the Company's market located in the United Arab Emirates.

E. Nikolas Tavlarios, President, commented, "With the strategic acquisition of the Aegean Champion, one of the largest bunkering tankers in the world, management drew upon the Company's significant financial flexibility to further expand its double-hull bunkering fleet. We intend to deploy this vessel to the United Arab Emirates, considerably enhancing our growth prospects in this attractive market. By once again strengthening Aegean's leading competitive position, we intend to continue to expand our global market share for the physical supply of marine fuel 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 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 14 markets, including Vancouver, Montreal, Mexico, Jamaica, West Africa, Gibraltar, U.K., Northern Europe, Piraeus and Patras (Greece), the United Arab Emirates as well as Singapore, and plans to commence operations in Tangiers, Morocco and Trinidad and Tobago.

Source: Aegean Marine Petroleum Network Inc.