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Wed 12 May 2010, 06:47 GMT

Aegean takes delivery of two tankers


Newbuilds from China are expected to be deployed in West Africa and the United Arab Emirates.

Aegean Marine Petroleum Network Inc. has announced that it has taken delivery of the Kythira, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the United Arab Emirates bunker market.

The company also announced it has taken delivery of the Dilos, a 4,600 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China. The vessel is expected to be deployed to the marine fuels market in West Africa.

Commenting on the news, E. Nikolas Tavlarios, President, commented, "Aegean Marine continues to execute its well-capitalized growth plan with the deliveries of the Kythira and the Dilos. By further expanding our double-hull bunkering fleet, we have enhanced our ability to meet the strong demand for modern tonnage and strengthen our leading industry brand.

"In deploying the Kythira and the Dilos to the UAE and West Africa, respectively, we expect to increase our utilization in these attractive markets and expand our future earnings potential."

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