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Aegean secures stand-by oil spill recovery services contract from EMSA

Posted on: Tue, 24 Nov 2009 06:38:00 EST

Symbols: ANW

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Nov 24, 2009 (Datamonitor via COMTEX) --
ANW | Quote | Chart | News | PowerRating -- Aegean Marine Petroleum Network has announced its Belgian subsidiary Aegean Bunkers at Sea has been awarded a contract by the European Maritime Safety Agency to increase the available oil pollution response capacity in the English Channel and its Atlantic approaches.

Under the terms of the agreement, the Sara, a 1990-built and 2003-upgraded 7,233dwt double-hull bunkering tanker, will serve on stand-by through 2013 in the event the vessel is required to provide oil spill recovery services.

Aegean had acquired the Sara in October 2007 in connection with its acquisition of Bunkers at Sea, a Belgium-based marketer and physical supplier of marine fuel. The vessel will continue to provide bunkering services in the area during the stand-by period.

Nikolas Tavlarios, president of Aegean Marine Petroleum Network, said: "Aegean is proud to team with European Maritime Safety Agency (EMSA) to ensure a rapid response in the event of an oil spill. This prestigious contract is directly related to our steadfast commitment to safety and environmental protection.

"With a large and modern double-hull bunkering fleet combined with a successful track record, Aegean has established a leading reputation for operational excellence. We believe our mutually beneficial relationship with EMSA provides important benefits for Aegean, its customers and the environment."

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