PIRAEUS, Greece, Jan. 8, 2015 /PRNewswire/ -- Aegean Marine
Petroleum Network Inc. ("Aegean" or "the Company") (NYSE: ANW)
today announced that it will launch physical supply and
marketing operations in Germany
during January 2015. Operations will include the physical
supply of marine fuels and lubricants to all German ports and will
be based out of Hamburg, the
second largest container terminal in Europe. To support its local German
operations, Aegean has assumed the contracts for two modern,
double-hull bunkering barges previously under charter to OW Bunker
and approximately 20,000 cubic meters of on-shore storage
capacity.
The Company has also established a marketing and business
development office in Hamburg for
the sale and marketing of marine petroleum products throughout the
Aegean network and to customers on a worldwide basis.
E. Nikolas Tavlarios, President
of Aegean Marine Petroleum Network, commented, "We continue to
execute on our strategy to opportunistically enter new markets,
strengthen and diversify our operating reach, all while enhancing
our ability to service our customers on a worldwide basis. As
we embark on a new year we remain confident that we are well
positioned to capitalize on several risk-averse opportunities that
will allow Aegean to increase the scale and efficiency of its
global marine fuel logistics network, grow our customer base and
enhance shareholder value."
About Aegean Marine Petroleum Network Inc.
Aegean
Marine Petroleum Network Inc. is an international marine fuel
logistics company that markets and physically supplies refined
marine fuel and lubricants to ships in port and at sea. The Company
procures product from various sources (such as refineries, oil
producers, and traders) and resells it to a diverse group of
customers across all major commercial shipping sectors and leading
cruise lines. Currently, Aegean has a global presence in 29
markets, including Vancouver,
Montreal, Mexico, Jamaica, Trinidad
and Tobago, Gibraltar,
U.K., Northern Europe, Piraeus,
Patras, the United Arab Emirates,
Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Panama, Hong
Kong, Barcelona, the U.S.
East Coast, Los Angeles,
Long Beach, Algeciras and the
Gulf of Mexico. The Company has
also entered into a strategic alliance to extend its global reach
to China. To learn more about
Aegean, visit http://www.ampni.com.
Cautionary Statement Regarding Forward-Looking
Statements
Matters discussed in this press release may
constitute forward-looking statements.
The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to
encourage companies to provide prospective information about their
business. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which
are other than statements of historical facts.
The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words "believe," "intend,"
"anticipate," "estimate," "project," "forecast," "plan,"
"potential," "may," "should," "expect" and similar expressions
identify forward-looking statements. The forward-looking statements
in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including
without limitation, our management's examination of historical
operating trends, data contained in our records and other data
available from third parties. Although we believe that these
assumptions were reasonable when made, because these assumptions
are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors
that, in our view, could cause actual results to differ materially
from those discussed in the forward-looking statements include our
ability to manage growth, our ability to maintain our business in
light of our proposed business and location expansion, our ability
to obtain double hull secondhand bunkering tankers, the outcome of
legal, tax or regulatory proceedings to which we may become a
party, adverse conditions in the shipping or the marine fuel supply
industries, our ability to retain our key suppliers and key
customers, material disruptions in the availability or supply of
crude oil or refined petroleum products, changes in the market
price of petroleum, including the volatility of spot pricing,
increased levels of competition, compliance or lack of compliance
with various environmental and other applicable laws and
regulations, our ability to collect accounts receivable, changes in
the political, economic or regulatory conditions in the markets in
which we operate, and the world in general, our failure to hedge
certain financial risks associated with our business, our ability
to maintain our current tax treatments and our failure to comply
with restrictions in our credit agreements and other factors.
Please see our filings with the Securities and Exchange Commission
for a more complete discussion of these and other risks and
uncertainties.
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SOURCE Aegean Marine Petroleum Network Inc.