Market Overview

Aegean Marine Petroleum Network Inc. Receives New Delivery


Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has taken delivery of the Leros, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to serve in the Company's markets located in Gibraltar and Tangiers, Morocco.

E. Nikolas Tavlarios, President, commented, "The delivery of the Leros demonstrates Aegean Marine's ongoing success in executing its well-capitalized growth strategy. This vessel represents the 8th double-hull bunkering vessel delivered to date in 2010 and the 28th since going public in December 2006. By significantly expanding our high-quality logistics infrastructure, we expect to increase Aegean Marine's global market share for the physical supply of marine fuel and strengthen the Company's future earnings potential."

Posted-In: News Contracts


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