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Article: BRIEFING - ASIA SHIPPING - AUG 27, 2009.

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AsiaPulse News
Article date:
August 27, 2009
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An executive briefing on shipping for Aug 27, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

INDONESIAN SHIPPER ARPENI SELLS SHIPS, PLANS TO BUY NEW SHIPS

JAKARTA - 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.

PROPOSAL TO EXPAND SUBIC, CLARK ECONOMIC ZONES ...

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