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Fri 9 Jan 2015, 07:42 GMT

Aegean to launch bunkering operation in Germany


Greek firm assumes contracts for two barges previously under charter to OW Bunker and around 20,000 cubic meters of onshore storage capacity.

Aegean Marine Petroleum Network Inc. has announced that it will launch physical supply and marketing operations in Germany during January 2015.

Operations are to include the physical supply of marine fuels and lubricants to all German ports and will be based out of Hamburg, the second largest container terminal in Europe, Aegean said in a statement.

To support its local German operations, Aegean has assumed the contracts for two modern, double-hull bunkering barges previously under charter to OW Bunker and approximately 20,000 cubic meters of onshore storage capacity.

The company has also established a marketing and business development office in Hamburg for the sale and marketing of marine petroleum products throughout the Aegean network and to customers on a worldwide basis.

E. Nikolas Tavlarios, President of Aegean Marine Petroleum Network, commented: "We continue to execute on our strategy to opportunistically enter new markets, strengthen and diversify our operating reach, all while enhancing our ability to service our customers on a worldwide basis. As we embark on a new year we remain confident that we are well positioned to capitalize on several risk-averse opportunities that will allow Aegean to increase the scale and efficiency of its global marine fuel logistics network, grow our customer base and enhance shareholder value."

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