Article: CARGO SHIPPER ARPENI SECURES $US59MLN OIL TRANSPORT CONTRACT.

JAKARTA, May 19 Asia Pulse - Cargo shipping company PT Arpeni Pratama Ocean Line (JSX:APOL) said it had secured a Rp598 billion (US$59.9 million) contract to transport oil from the Kangean Energy Indonesia Ltd., which operates an oil field in the Kangean island off East Java.

For the four-year contract, Arpeni was converting a 600,000 barrel capacity tanker into a floating storage and offloading (FSO) facility, which ...

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