Indonesia: Arpeni to Acquire Two Panamax Bulk Carriers

Indonesian listed shipping company, Arpeni Pratama Ocean Line, is going to get two ships this month as part of its effort to boost its fleet, reports The Jakarta Globe.

Oentoro Surya, president director of the company, said that the ships would be delivered from China in the next few weeks with the price tag of $41 million each. The ships will be Panamax bulk carriers with a deadweight tonnage of 76,000 tons.

The company is planing to finance the purchase with both bank loans and its own money, covering 80 percent with loans. Several overseas banks, including Singapore’s UOB and Nordic bank SEB, have committed to providing the loans, he said. UOB is one of the three lenders in Singapore. SEB is a leading North European financial group that focuses on commercial and investment banking.

Arpeni was established in October 1975. It became a public listed company in June 2005. Its main business includes transporting timber products, dry bulk cargo, general cargo and liquid cargo.

Shipbuilding Tribune Staff, February 19, 2012; Image: apol


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Posted on February 19, 2012

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