Aegean Bunkering Services Provides Further Update on Aegean Star

PIRAEUS, Greece, July 18, 2011 – Aegean Bunkering Services Inc. is delighted to confirm that at approximately 2000 hrs (Greek Time) the pirates that had captured the oil products tanker "Aegean Star" left the vessel and command was resumed by the Master. The tanker is now some 4/5 miles from the coast and approximately 35 miles West of Lagos.

The Master has confirmed that all crew members are safe and in good condition and that the vessel is now on its planned passage to Ghana.

Aegean Bunkering Services has contacted all the relevant manning agencies involved and encouraged crew members to communicate with their families advising them that all are safe and well.

Contact: Pat Adamson +44 7836 766 947
In Greece: Elise Croonen +30 697 66 48 628

Aegean Bunkering Services Provides Update on Aegean Star

PIRAEUS, Greece, July 18, 2011 – Aegean Bunkering Services Inc., manager of the 11,520 dwt oil products tanker "Aegean Star," regret to report that the vessel was attacked and taken by pirates some 12.5 miles off the Coast of Benin in the early hours of July 16.

Although communications with the vessel have been very limited, it is understood that all 20 seafarers on board are safe. (The crew composition is Greek nationals 3, Filipinos 5, Ghanaians 10, Russians 1 and Ukrainians 1). All the appropriate authorities, including the Flag State - Liberia - have been notified.

According to reports, it would appear that the vessel has now been moved south off the coast of Nigeria. All the families of those on board are being notified of the situation and Aegean Bunkering Services has confirmed that the safety and well-being of the seafarers is of paramount importance at this difficult time.

Further information will be provided as it becomes available.

Contact: Pat Adamson +44 7836 766 947
In Greece: Elise Croonen +30 697 66 48 628

Source: Aegean Marine Petroleum Network Inc.