ANW $35.70. All sectors of shipping industry seem to do really well. Aegean Maritime, a bunker company ("gas station" of ships), files excellent results from its short operation time (IPO in December 2006). Look at the aggressive growth:
Aegean Marine Petroleum Network Inc. Announces Fourth Quarter and Full Year 2007 Financial Results; Increases Annual Sales Volumes by 42% as Company Grows Integrated Marine Fuel Logistics Infrastructure
Tuesday February 19, 4:15 pm ET
PIRAEUS, Greece, Feb. 19 /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, announced today financial and operating results for the fourth quarter and the year ended December 31, 2007.
Fourth Quarter and Full Year 2007 Highlights
-- Increased sales volumes to 1,026,395 metric tons in Q4 2007 and
3,437,269 metric tons for the full year
-- Generated gross spread on marine petroleum products of $29.3 million in
Q4 2007 and $89.7 million for the full year
-- Recorded operating income of $8.8 million in Q4 2007 and $30.8 million
for the full year
-- Recorded net income of $6.3 million, or $0.15 basic and diluted
earnings per share, in Q4 2007 and $27.7 million, or $0.65 basic and
diluted earnings per share, for the full year
- Net income includes vessel repositioning costs, startup expenses
and certain nonrecurring items, which totalled approximately
$1.5 million. Proforma net income, as adjusted for these items,
was $7.8 million, or $0.18 basic and diluted earnings per share,
in Q4 2007
-- Further expanded marine fuel logistics infrastructure
- Took delivery of four double-hull newbuilding bunkering tankers
since Company's IPO
- Took delivery of four bunkering tankers acquired in the secondary
market in 2007
- Took delivery of two double-hull storage tankers in 2007
- Successfully integrated the acquisition of Bunkers at Sea, which
now services the Northern European market
- Commenced operations in West Africa in January 2008 with the
opening of a new service center in Ghana
- Acquired Portland Bunkers International in the U.K.; scheduled to
launch operations in the first quarter of 2008
AI
