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ANANGEL-AMERICAN SHIPHOLDINGS LIMITED ANNOUNCES NEW SHIPBUILDING ORDER

 NEW YORK, June 15 /PRNewswire/ -- The board of directors of Anangel- American Shipholdings Limited (NASDAQ: ASIPY) today announced that on June 11, 1993, it signed a contract for the construction of a 73,000 DWT Panamax bulk carrier vessel to be built by Hyundai Heavy Industries for delivery in June 1995. The company has available existing resources to meet this commitment.
 -0- 6/15/93
 /CONTACT: M. Costeletos, vice president of Anangel-American Shipholdings Limited, in Piraeus, 1-422-4500, or in London, 71-828-3388/
 (ASIPY)


CO: Anangel-American Shipholdings Limited ST: IN: MAR SU: CON

LR-PS -- NY046 -- 2110 06/15/93 12:11 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:100
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