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Aegean expands to Gulf of Mexico, assumes OW’s vessel contracts

Aegean expands to Gulf of Mexico, assumes OW’s vessel contracts
Greece’s marine fuel supplier Aegean Marine Petroleum Network Inc. has started bunker fuel supply operations in the Gulf of Mexico, taking over contracts for two bunker tankers previously under charter to the now-defunct OW Bunker.

Nikolas Tavlarios, president of New York-listed Aegean, said the company is “capitalising on another opportunity to grow our global footprint”.

He commented: “With these specialized tankers and their highly trained personnel in place we can immediately begin servicing the specific needs of vessels transiting the Gulf of Mexico, leveraging our capabilities and driving profitable revenue growth.”

Aegean’s latest move into the Gulf of Mexico followed the company’s earlier venture into the US Los Angeles and Long Beach markets by acquiring bankrupted OW Bunker’s assets that included marine fuel and storage contract.