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Thu 8 Jan 2009, 07:32 GMT

Aegean expands Singapore bunker fleet


Supplier takes delivery of double-hull bunker tanker for use in the Singapore market.

Aegean Marine Petroleum Petroleum Network Inc. has announced that it has taken delivery of the Naxos, a 4,600 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China.

The vessel is expected to be deployed to the company's Singapore market.

Last month, Aegean announced that it had taken delivery of the Paros, a 4,645 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China. The Paros will also be deployed to the company's Singapore market.

Including the Naxos, Aegean now has a current bunkering delivery fleet of 32 vessels and barges, of which 27 are double hull.

The company expects to take delivery of 20 remaining double-hull tanker newbuilds over the next two years, which will increase its total bunkering delivery fleet to 52.

Commenting on the company's latest vessel acquisition, E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Naxos, which represents our eleventh bunkering tanker newbuilding since going public in December 2006.

"By successfully increasing our delivery capacity, we expect to further strengthen our position to meet the strong demand for marine fuel and continue to grow sales volumes. We remain on track to take delivery of 20 additional bunkering tanker newbuildings over the next two years as we plan to enter new strategic markets in Tangiers, Morocco and the southern Caribbean during the first quarter of 2009."

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