UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For
the month of November 2007
Commission
File Number: 001-33179
AEGEAN
MARINE PETROLEUM NETWORK INC.
(Translation
of registrant's name into English)
42
Hatzikyriakou Avenue
Piraeus,
Athens J3 185 38
Greece
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F [ X ] Form 40-F [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ________.
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form
6-K
if submitted solely to provide an attached annual report to security
holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)7: ________.
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form
6-K
if submitted to furnish a report or other document that the registrant foreign
private issuer must furnish and make public under the laws of the jurisdiction
in which the registrant is incorporated, domiciled or legally organized (the
registrant's "home country"), or under the rules of the home country exchange
on
which the registrant's securities are traded, as long as the report or other
document is not a press release, is not required to be and has not been
distributed to the registrant's security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission
filing on EDGAR.
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes
[ ] No
[ X ]
If
“Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): ________.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
as Exhibit 1 is a corrected copy of the press release of Aegean Marine Petroleum
Network Inc. dated November 1, 2007 announcing the acquisition of Portland
Bunkers International Limited’s marine fuel terminal in the United
Kingdom.
Exhibit
1
CONTACTS:
Ziad
Nakhleh
E. Nikolas
Tavlarios
Investor
Relations:
Chief
Financial
Officer President
Leon Berman,
Principal
(011)
30-210-458-6200 (212)
763-5659
The IGB Group
znakhleh@ampni.com ntavlarios@ampni.com (212)
477-8438
Aegean
Marine Petroleum Network Inc. Acquires
Portland
Bunkers International Ltd.
Creates
Presence in United Kingdom by Acquiring Terminal;
Acquisition
Represents Company’s Third New Marine Fuel Service Center in
2007
PIRAEUS,
Greece, November 1, 2007 – Aegean Marine Petroleum Network Inc. (NYSE: ANW), an
international marine fuel logistics company that markets and physically supplies
marine fuel and lubricants, today announced that it is expanding its global
network of marine fuel service centers with the acquisition of Portland Bunkers
International’s (PBI) marine fuel terminal, previously operated by BP
Marine.
Located
in Portland Harbor along a busy shipping route on the English Channel, PBI
provides convenient access for commercial vessels to refuel with the least
en
route deviation among bunkering ports in the region. Portland Harbor serves
as
one of the largest man-made ports in the world, originally designed to shelter
and service the British Royal Navy, and offers ideal bunkering conditions
for
nearly all types of vessels. PBI’s bunkering facility includes four in-land
dedicated storage tanks and a state-of-the-art 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 sulphur marine fuels at this service center as it is located near the
southern access of the North Sea Sulphur Emission Control Area
(SECA).
E.
Nikolas Tavlarios, President, commented, “With our acquisition of Portland
Bunkers International, 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. By focusing on the strong
UK
market, our acquisition of PBI will complement our recent acquisition of
Bunkers
at Sea, an offshore supplier of marine fuel in the North and Irish Seas,
the
French Atlantic, the English Channel and St. George Channel. Consistent with
our
goal to expand our global network for the physical supply of marine fuel,
this
acquisition will exceed our target number of new service centers for 2007
as we
strengthen our leadership position for the worldwide delivery of marine fuels
in
Greece, Gibraltar, Singapore, the United Arab Emirates, Northern Europe,
the UK,
two ports in Jamaica, Kingston and Ocho Rios, and West Africa, where we expect
to commence operations by the end of the year.”
Ziad
Nakhleh, Chief Financial Officer, stated, “The acquisition of PBI, which has
been financed through our senior secured credit facility, reflects our financial
strength and prudent approach to expanding our marine fuel logistics
infrastructure. This acquisition meets our strict long-term return criteria
and
is expected to be accretive to earnings during fiscal 2008. By further expanding
our integrated supply model in Northwest Europe, Aegean has enhanced its
ability
to meet the growing demand for a global and comprehensive marine fuel
solution.”
About
Aegean Marine Petroleum Network Inc.
Aegean
Marine Petroleum Network Inc. is a marine fuel logistics company that markets
and physically supplies refined marine fuel and lubricants to ships in
port and
at sea. As a physical supplier, the Company purchases
marine fuel from refineries, major oil producers and other
sources. The Company sells and delivers these fuels to a diverse
group of ocean-going and coastal ship operators and marine fuel traders,
brokers
and other users through its service centers in Greece, Gibraltar, Singapore,
Jamaica, the United Arab Emirates, Belgium and the United Kingdom, and
plans to
commence physical supply operations in its recently established service
center
in Ghana by the end of the year.
Cautionary
Statement Regarding Forward-Looking Statements
Matters
discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995
provides safe harbor protections for forward-looking statements in order
to
encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning
plans, objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than statements
of
historical facts.
The
Company desires to take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The words "believe,"
"intend," "anticipate," "estimate," "project," "forecast," "plan," "potential,"
"may," "should," "expect" and similar expressions identify forward-looking
statements. The forward-looking statements in this press release are based
upon
various assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available
from
third parties. Although we believe that these assumptions were reasonable
when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict
and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
In
addition to these important factors, other important factors that, in our
view,
could cause actual results to differ materially from those discussed in the
forward-looking statements include our ability to manage growth, our ability
to
maintain our business in light of our proposed business and location expansion,
our ability to obtain double hull secondhand bunkering tankers, the outcome
of
legal, tax or regulatory proceedings to which we may become a party, adverse
conditions in the shipping or the marine fuel supply industries, our ability
to
retain our key suppliers and key customers, material disruptions in the
availability or supply of crude oil or refined petroleum products, changes
in
the market price of petroleum, including the volatility of spot pricing,
increased levels of competition, compliance or lack of compliance with various
environmental and other applicable laws and regulations, our ability to collect
accounts receivable, changes in the political, economic or regulatory conditions
in the markets in which we operate, and the world in general, our failure
to
hedge certain financial risks associated with our business, our ability to
maintain our current tax treatments and our failure to comply with restrictions
in our credit agreements and other factors. Please see our filings
with the Securities and Exchange Commission for a more complete discussion
of
these and other risks and uncertainties.
###
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
AEGEAN
MARINE PETROLEUM NETWORK INC.
(registrant)
Dated: November
1, 2007
By: /s/
E. Nikolas
Tavlarios
Name:
E. Nikolas Tavlarios
Title: President
SK
23250 0002
824960