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Tue 2 Jun 2009, 08:16 GMT

Aegean increases delivery capacity in Vancouver


Latest vessel acquisition is expected to be deployed to the Vancouver market.

Aegean Marine Petroleum Network Inc. has announced that, through a company affiliate, it has taken delivery of the ITB Provider, a 2001-built 2,315 mt double-hull barge to be renamed PT 22, from an unrelated third party.

The barge, which was previously chartered to a Canadian-based subsidiary of Exxon Mobil, is expected to be deployed to Aegean's Vancouver market.

Commenting on the news, E. Nikolas Tavlarios, President, commented, "Management's strategic acquisition of a double-hull barge further increases Aegean's delivery capacity and expands the company's ability to drive future sales volumes in Vancouver, one of the largest ports in North America based on total cargo volume.

"The barge is fully compliant with IMO regulations and complements our two barges that currently serve this important commercial hub. By once again expanding our bunkering delivery fleet utilizing our considerable financial flexibility, we have enhanced Aegean's position to meet the strong demand for modern tonnage and strengthen its leading brand as an independent physical supplier of marine fuel on a global basis."

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