|
Aegean Marine Petroleum Network Inc. Completes Newbuild Program
Takes Delivery of the Symi
PIRAEUS, Greece, April 11, 2012
Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has taken delivery of the Symi, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Symi, which is expected to be deployed to the Company's market in West Africa, represents the final vessel under Aegean's plan to take delivery of 31 double-hull bunkering tanker newbuildings.
E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Symi and complete our fully funded newbuild program, a major milestone for our Company. Since going public in December 2006, we have worked closely with reputable shipyards in the execution of our strategy and taken delivery of 31 double-hull bunkering tanker newbuildings. Our large and modern delivery fleet currently totals 69 vessels, providing Aegean with a distinct competitive advantage as we continue to capitalize on a dynamic regulatory environment and strengthen our leading industry brand for the global supply of marine fuel. With significant built-in delivery capacity, combined with an expanding worldwide presence, we are in a strong position to leverage Aegean's high-quality logistics infrastructure and increase the Company's future earnings power."
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 19 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Cape Verde and Panama. The Company has also formed a strategic alliance to extend its global reach to China. To learn more about Aegean, visit http://www.ampni.com.
Source: Aegean Marine Petroleum Network Inc.
|