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Fri 5 Aug 2011, 06:41 GMT

Aegean expands Strait of Gibraltar fleet


Supplier takes delivery of double-hull vessel, which is expected to be deployed to the Strait of Gibraltar.

Aegean Marine Petroleum Network Inc. has announced that it has taken delivery of the Halki, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China.

The vessel is expected to be deployed to the Strait of Gibraltar, thus increasing the number of vessels the company will have available to serve Gibraltar and Tangiers, Morocco to six.

Commenting on the acquisition, E. Nikolas Tavlarios, President, commented, "With the delivery of the Halki, Aegean continues to execute its fully funded newbuild program. Our high-quality logistics infrastructure provides a distinct commercial advantage, positioning Aegean well to increase utilization and drive future earnings as we enter new and attractive markets, including Panama. Going forward, we expect to take delivery of two remaining double-hull bunkering tanker newbuilds by the end of 2011."

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