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Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. Acquires Three Double-Hull Bunkering Tankers
August 8th, 2008
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has acquired three double- hull bunkering tankers which will be deployed to Aegean's service center in Piraeus. These vessels are replacing the single-hull fleet, previously owned and operated by a related party, which needed to be phased-out as per the IMO's and EU's requirements on the carriage of heavy grade fuel by single-hull bunkering tankers beyond the year 2008. Included in this acquisition are the Aegean III, a 1990-built 2,972 dwt double-hull bunkering tanker, the Aegean VIII, a 1990-built 2,972 dwt double- hull bunkering tanker, and the Aegean XII, a 1979-built 3,660 dwt double-hull bunkering...
Source: Health Business Week (2008-08-08)
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