Stocks that Float: TANKERS & DRY BULK SHIPPERS

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ANW $38.55 Aegean Marine Petroleum Network Inc. Further Expands Marine Fuel Logistics Infrastructure with Two Bunkering Tanker Newbuildings
Tuesday November 27, 4:15 pm ET

PIRAEUS, Greece, Nov. 27 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW - News), an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced it has further expanded its marine fuel logistics infrastructure with two newly built double-hull bunkering tankers of approximately 4,600 dwt each from Fujian Southeast Shipyard in China. The Serifos, which was delivered on November 20, 2007, will operate out of the Company's Singapore service center and the Kithnos, which is expected to be delivered on November 30, 2007, will be deployed to Aegean's service center located in the United Arab Emirates.

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E. Nikolas Tavlarios, President, commented, "We are pleased to once again expand our marine fuel logistics infrastructure with the Serifos and the Kithnos. Including these two high-quality bunkering tankers, Aegean will have taken delivery of three double-hull newbuildings in 2007 and four bunkering tankers that were acquired in the secondary market earlier this year. During a time when we significantly enhanced our delivery capabilities, Aegean has expanded its global network of marine fuel service centers in 2007 by penetrating new markets in Northern Europe as well as the United Kingdom and West Africa, which are scheduled to commence operations in the current fourth quarter. Management's ability to continue to execute Aegean's well-capitalized growth plan bodes well for our Company to further meet the growing demand for an integrated marine fuel solution and increase sales volumes over both the near term and long term."

http://biz.yahoo.com/prnews/071127/nytu120.html?.v=101