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ANANGEL-AMERICAN SHIPHOLINGS LIMITED ANNOUNCES NEW ORDER

 PIRAEUS, Greece, March 22 /PRNewswire/ -- The board of directors of Anangel-American Shipholdings Limited (NASDAQ: ASPIY) today announced that it has signed a contract for the construction of an additional 160,00 DWT Capesize bulk carrier vessel to be built by Hyundai Heavy Industries for delivery in November, 1994. The company has available existing resources to meet this commitment.
 -0- 03/22/93
 /CONTACT: M. Costeletos, vice president of Anangel-American Shipholdings Limited, in Piraeus, 1-422-4500, or London, 71-828-3388/
 (ASIPY)


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

TS-AH -- NY056 -- 8229 03/22/93 12:07 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:95
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