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Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco
January 23rd, 2009
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that Horizon Tangiers Terminal S.A. (HTTSA), a special purpose consortium, has named Aegean as the exclusive bunkering company for the new port in Tangiers, Morocco. The agreement, which is scheduled to become effective in January 2009 upon completion of final documentation, will further expand Aegean's global presence. The appointment of Aegean by HTTSA is an important part of the consortium's effort to expand the modern port in this growing region. Currently, the port serves approximately 7,000 vessels on an annual basis and is expected to increase to more than 10,000 vessels annually in 2010. Aegean will...
Source: Health Business Week (2009-01-23)
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