12:30PM New York – Aegean Marine declined 15% after a secondary offering and expansion of its marine network.

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Aegean Marine Petroleum Network fell nearly 15% or $4.94 to $30.37 after it said that it has taken a delivery of tanker.

Amorgos, a 4,600 dwt newly built double-hull bunkering tanker from Fujian Southeast Shipyard in China. The Amorgos is expected to operate out of the Company's service center located in Gibraltar.

Aegean (ANW: chart) successfully completed a secondary offering of 6.750 million shares at $37.75 on November 14th, 2007. Since then the company stock has declined 20% to $30.42 after reaching a high of $47.75 on October 18, 2007.

Leveret International Inc., which is controlled by Aegean's founder, Dimitris Melisanidis, and John P. Tavlarios, Director, are expected to sell an additional 872,275 shares of the Company's common stock, resulting in an aggregate of 7,622,275 shares of common stock sold by the selling shareholders in connection with this offering. The Company will not receive any proceeds from the shares of common stock sold by the selling shareholders.