Aegean Marine Petroleum Network, a marine fuel logistics company, has announced that it is expanding its global network of marine fuel service centers with the acquisition of Portland Bunkers International's marine fuel terminal, previously operated by BP Marine.
Portland Bunkers International’s (PBI’s) bunkering facility includes four in-land dedicated storage tanks and a technological control room with remote operations. Aegean intends to deploy two bunkering tankers to Portland Harbor to enhance the company’s ability to increase fuel sales volumes in this market. In addition to other products Aegean provides, the company will offer low sulfur marine fuels at this service center as it is located near the southern access of the North Sea Sulfur Emission Control Area.
Nikolas Tavlarios, president of Aegean Marine, commented: With our acquisition of PBI, Aegean has once again capitalized on an attractive opportunity to expand our global network of marine fuel service centers for the third time in 2007. Building upon our expansion plans into Ghana and entrance into Belgium earlier this year, this acquisition will further increase our strategic presence in northwest Europe along the English Channel, one of the most important seaborne trade routes in the world.