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Wed 16 Sep 2009, 07:21 GMT

Aegean to deploy new vessel to Singapore


Leading supplier takes delivery of double hull bunkering tanker from China.

Leading marine fuel supplier Aegean Marine Petroleum Network Inc. has announced that it has taken delivery of the Ithaki, a 6,272 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the Singapore bunker market.

Commenting on the news, E. Nikolas Tavlarios, President, said "With the delivery of the Ithaki, Aegean has once again expanded its high-quality logistics infrastructure and strengthened its leading competitive position. Following the deployment of this double-hull vessel to Singapore, the world's largest bunkering market, we expect to further enhance our ability to meet the strong demand for modern tonnage and expand future sales volumes.

"Consistent with our goal to increase Aegean's global market share, we plan to take delivery of 17 additional double-hull bunkering tanker newbuildings by the end of 2010," added Tavlarios.

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