Article: INDONESIAN SHIPPER ARPENI SELLS SHIPS, PLANS TO BUY NEW SHIPS.

JAKARTA, Aug 27 Asia Pulse - Publicly traded Indonesian cargo shipping company PT Arpeni Pratama Ocean Line (JSX:APOL) has sold tanker ships valued at Rp749.88 billion (US$75 million).

Arpeni, however, plans to buy seven new ships including tankers, tugboats and barges, to cost around Rp2.8 trillion, its corporate secretary Ronald Nangol said.

The company recorded a profit of US$800,000 form the sales in January to April, Ronald told the newspaper Investor Daily.

He said the seven ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!