Aegean Marine Petroleum Network Inc. Awarded Stand-By Oil Spill Recovery Services Contract by European Maritime Safety Agency
PIRAEUS, Greece, Nov. 20 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced its Belgian subsidiary, Aegean Bunkers at Sea N.V., has been awarded a contract by the European Maritime Safety Agency (EMSA) to increase the available oil pollution response capacity in the English Channel and its Atlantic approaches.
Under the terms of the agreement, the Sara, a 1990-built and 2003-upgraded 7,233 dwt double-hull bunkering tanker, will serve on stand-by through 2013 in the event the vessel is required to provide oil spill recovery services. Aegean acquired the Sara in October 2007 in connection with its acquisition of Bunkers at Sea, a Belgium-based marketer and physical supplier of marine fuel. The vessel will continue to provide bunkering services in the area during the stand-by period.
E. Nikolas Tavlarios, President, commented, "Aegean is proud to team with EMSA to ensure a rapid response in the event of an oil spill. This prestigious contract is directly related to our steadfast commitment to safety and environmental protection. With a large and modern double-hull bunkering fleet combined with a successful track record, Aegean has established a leading reputation for operational excellence. We believe our mutually beneficial relationship with EMSA provides important benefits for Aegean, its customers and the environment."
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 14 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore as well as Tangiers, Morocco.
Source: Aegean Marine Petroleum Network Inc.
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