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 May 2009
Commission
File Number: 001-33179
AEGEAN
MARINE PETROLEUM NETWORK INC.
(Translation
of registrant's name into English)
42
Hatzikyriakou Avenue
Piraeus,
Athens 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.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
as Exhibit 1 is a copy of the press release of Aegean Marine Petroleum Network
Inc. (the “Company”), issued on May 12, 2009, announcing that the Company has
agreed to sell its two specialty tankers, the Maistros and the
Ostria.
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: May
12, 2009
|
By: /s/
E. Nikolas Tavlarios
|
|
Name:
E. Nikolas Tavlarios
Title: President
|
Exhibit
1
|
CONTACTS:
|
|
|
Aegean
Marine Petroleum Network Inc.
|
Investor
Relations:
|
|
(212)
763-5665
|
Leon
Berman, Principal
|
|
investor@ampni.com
|
The
IGB Group
|
|
(212)
477-8438
|
Aegean
Marine Petroleum Network Inc. Enters into Agreement to Sell
Two
Specialty Ro-Ro Tankers
PIRAEUS,
Greece, May 12, 2009 – Aegean Marine Petroleum Network Inc. (NYSE: ANW) today
announced that it has entered into an agreement to sell its two 2,400 dwt
specialty ro-ro tankers, the Maistros and the Ostria, to an unrelated third
party. Upon completing the sale of both vessels, which are not related to
Aegean’s core business for the physical supply of marine fuel, the Company
expects to realize a net gain in the second quarter of 2009. The Company intends
to use the proceeds of the sale to pay down debt.
E.
Nikolas Tavlarios, President, commented, “With this transaction, management has
once again acted opportunistically for shareholders. The agreement to sell
Aegean’s two specialty ro-ro tankers at an attractive price further reduces
our debt, enhances our financial flexibility and strengthens our focus on the
Company’s core operations for the physical supply of marine
fuel. With an expected profit from this sale, Aegean will further
increase its sizeable liquidity position, a core differentiator for the Company.
Aegean remains focused on drawing upon its significant access to capital to
further strengthen the Company’s industry leading position and drive future
shareholder value.”
About
Aegean Marine Petroleum Network Inc.
Aegean
Marine Petroleum Network Inc. is an international marine fuel logistics company
that markets and physically supplies refined marine fuel to ships in port and at
sea. The Company procures product from various sources (such as
refineries, oil producers, and traders) and resells it to a diverse group of
customers across all major commercial shipping sectors and leading cruise lines.
Currently, Aegean has a global presence in 14 markets, including Vancouver,
Montreal, Mexico, Jamaica, West Africa, Gibraltar, U.K., Northern Europe,
Piraeus and Patras (Greece), the United Arab Emirates as well as Singapore, and
plans to commence operations in Tangiers, Morocco and Trinidad and
Tobago.
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.
###