Aegean Marine to Acquire Verbeke Bunkering

5 January 2010 (Last Updated January 5th, 2010 18:30)

Aegean Marine Petroleum said it is acquiring bunker fuel supplier Verbeke Bunkering. Aegean said it will buy Verbeke's nine bunkering vessels and assume the contracts for nine vessels chartered-in. The company is planning to expand into Verbeke's operation area, the Antwerp-R

Aegean Marine Petroleum said it is acquiring bunker fuel supplier Verbeke Bunkering.

Aegean said it will buy Verbeke’s nine bunkering vessels and assume the contracts for nine vessels chartered-in.

The company is planning to expand into Verbeke’s operation area, the Antwerp-Rotterdam-Amsterdam region, which is the world’s second largest bunkering market.

Piraeus-based Aegean expects the deal to be completed in the first quarter of 2010.