May 29, 2012

Arpeni secures transhipment contract from Baruna Dirga

Shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 million metric tons from PT Baruna Dirga Dharma, a subsidiary of energy integrated company PT ABM Investama Tbk (ABMM).
The contract signing was made on May 25 2012 by President Director Oentoro Surya at Arpeni and President Director Satrio Dari Sasongko at Baruna Dirga Dhama.
The transhipment will use floating crane of Arpeni with capacity of 20,000 metric tons per day. It will be placed at coal floading of PT Tunas Inti Abadi, a subsidiary of ABM Investama, located in Muara Satui, South Kalimantan. 
In April 2012, Arpeni signed a coal transhipment contract with PT Borneo Marine Service, one of subsidiaries of Johnlin Group with capacity of 2.4 million metric tons.
Those contracts will be positive achiement of Arpeni despite the gloomy situation in the global shipping industry.
Arpeni is supported by 75 fleets including Capesize, Panamax, Handysize, tug boat, floating crane, and crew boat with capacity of more than 1 million dwt.
Disclosure: No position at the stock mentioned above.

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