Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Arpeni faces bankruptcy suit

Arpeni faces bankruptcy suit

Jakarta: Shares in Indonesian shipowner PT Arpeni Pratama Ocean Line have been suspended as it faces a bankruptcy lawsuit from Korea and misses a coupon payment on a bond issue. Arpeni, one of Indonesia's largest shipowners, is facing a bankruptcy suit from Korea Securities Finance Corp, which is suing the company in the Jakarta courts over unpaid debt repayments of $1.25m. The shipowner also missed a Rp25.15bn coupon payment on a bond issue last Friday, extending the date of the payment till 30 September. Arpeni is controlled by the Surya family who also control Berlian Laju Tankers. [21/09/10]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg