Arpeni cancels vessels acquisition plan

Tuesday, March 24 2009 - 01:58 AM WIB

IDX-lsited shipping firm PT.Arpeni Pratama Ocean Line (APOL) cancelled US$200 million plan to acquire 9 panamax vessels due to global economic meltdown, CEO Oentoro Surya said as quoted by Kontan daily.

Oentoro said the company may resume plan to buy the vessels in 2012.

APL is Indonesia? top coal transporter, operating 78 vessels, including 9 panamax vessels.(*)

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