Aegean exercises four options

The Greek bunkering company Aegean Marine Petroleum Network Inc. has exercised its options with Qingdao Hyundai Shipyard, China, to purchase four new 5,500 DWT double- hull bunkering tankers. The newbuildings are expected to be delivered between December 2009 and March 2010.

E. Nikolas Tavlarios, President, commented, “Management’s strategic decision to exercise the options to construct four new double-hull bunkering tankers, in accordance with the Company’s plan, further expands the number of newbuildings currently on order and underscores Aegean’s strong growth prospects. Including these four vessels, we now have 27 bunkering tanker newbuilds scheduled to be delivered by end of 2010, increasing our fleet to 47 bunkering tankers, of which 44 will be double hull. The significant growth

in our delivery capabilities complements the notable expansion in our global network for the physical supply of marine fuel. With new service centers in Northern Europe and West Africa combined with the scheduled launch of our U.K. service center, Aegean is well positioned to continue to drive future performance and strengthen its leading industry reputation for the benefit of the company and its shareholders.”