AMERICAN PRESIDENT <APS> TO LEASE MORE SHIPS
American President Cos Ltd said
its American President Lines shipping subsidiary  obtained
final approval from U.S. and Japanese authorities to lease four
new ships from Lykes Bros Co.
    The move will will enable it to boost service in the
Pacific by 15 pct in 1987, American President said.
    The company said it will lease the ships for three years
and hold two additional three-year options.
    It said American President Lines is currently operating at
capacity in the Pacific and the new ships will arrive in time
for the normal demand surge of the spring and summer seasons.
 Reuter
