Aegean expands fleet

The Piraeus-based Aegean Marine Petroleum Network Inc., an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, has recently taken delivery of the ?Milos?, a newly built 4,600 dwt double-hull bunkering tanker, from Fujiian Southeast Shipyard in China. The Milos, which will be operating out of Aegean’s Singapore service centre, is the first of seven scheduled newbuilding double- hull bunkering and specialty tankers to be delivered in 2007.

The Company has also exercised options to build five new double-hull bunkering tankers with Fujian Southeast Shipyard, China. The five vessels are scheduled to be delivered in 2009. These options are part of the transaction entered into with Fujian Southeast Shipyard in 2005 to build 10 new double-hull bunkering tankers. The anticipated carrying capacity for each of these five newbuildings as well as the remaining nine vessels to be delivered from Fujian Southeast Shipyard will be 4,600 dwt, representing a 21% increase from the original anticipated tonnage.