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editorialIn a world that is becoming increasingly globalized,improved communication has become both a necessityand a challenge. As AEGEAN expands its geographicand business horizons, our network of friends, businesspartners, associates, and collaborators grows as well. Inthis complex world, communication brings us all closertogether through greater understanding. And as webetter understand each other and each other's goals, webetter understand each other's needs.Aegean News is a communication tool to help allof us understand one another better, and let our business partners learn moreabout what the AEGEAN family does. Whether in shipping, the retail market,bunkering, or agency services, members of the AEGEAN family are helpingeach other create a dynamic enterprise and a network of professionals thatstrives for the very best—in service, products, and results. Motivated employeesare our most prized asset; satisfied customers our most prized objective.Energy is the largest industry in the world, and one that is vital to all of usevery day—at work, at home, and at leisure. Sometimes, events beyond our controlcreate special challenges that interrupt or change normal business cycles. AtAEGEAN, however, we always strive to fulfill the energy needs of our partnersin the best possible way, so that together we can grow and make our lives moreproductive, more integrated, and more fulfilling.I hope Aegean News becomes a common forum that will explore the rich andvaried business opportunities that we all share, will further develop our professionaland personal relationships, and will shed light on new ways to create local,regional, and global energy solutions.AegeanCore ActivitiesRetail➔More than 280 gas stations throughoutGreece proudly display the AEGEANlogo, and our network is growing everyweek. AEGEAN's market share in Greeceis 4.5%.Shipping➔AEGEAN manages a fleet of 26 tankers,ranging from 3,500DWT to 100,000DWT, that transfers and delivers oil toour clients throughout the world. Allships meet ISM standards.Bunkering➔In Piraeus, Gibraltar, Venezuela, andthe United Arab Emirates, AEGEAN is aleader in providing the best bunkeringservices available. In Piraues AEGEANis the market leader in bunkering.Agency Services➔Ships from throughout the world relyon our agency services at Piraeus andGibraltar 24/7, from loading and discharging,to spare parts and supplies.Lubricants➔AEGEAN exclusively stocks and sellsChevronTexaco automotive lubricantsthroughout its retail network.DIMITRIS MELISSANIDISSPRING 2003 AEGEAN NEWS 1