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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of August 1999
CENARGO INTERNATIONAL PLC
(Translation of registrant's name into English)
Puttenham Priory
Puttenham
Surrey GU3 1AR
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing
the information to the commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes No X
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INFORMATION CONTAINED IN THIS FORM 6-K REPORT
The following is the text of a press release issued by Cenargo
International plc on August 9, 1999:
Cenargo International plc announces purchase of passenger/car
ferry in Spanish-Moroccan service
Puttenham Priory, England, August 9, 1999. Cenargo
International plc ("Cenargo") today announced that it had
purchased the passenger/car ferry Mistral, formerly leased by
Cenargo, for a purchase price of $16 million. Cenargo uses the
Mistral in its Ferrimaroc passenger and car ferry service between
Almeria, Spain, and Nador, Morocco. In Cenargo's fiscal year
ended September 30, 1998, Ferrimaroc carried 294,000 passengers,
61,000 cars and 3,400 equivalent trailer units. Cenargo
estimates that the purchase of the vessel which it formerly
leased will increase EBITDA by $3.2 million on an annualized
basis. Cenargo funded the purchase price for the Mistral with
cash on deposit with the trustee for its 9 3/4% First Priority
Ship Mortgage Notes. Upon its purchase, the vessel became part
of the collateral securing those Notes.
This press release contains a forward-looking statement which
reflects Cenargo's current view with respect to future events and
financial performance. That forward-looking statement is subject
to risks and uncertainties, including market conditions and the
competitive climate that could cause Cenargo's actual results to
differ materially from historical results or current
expectations.
Contact: Paul Gregory
Cenargo International Plc
Tel. #44-1483-241-000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
CENARGO INTERNATIONAL PLC
(registrant)
Dated: August 9, 1999 By: /s/ Michael Hendry
___________________
Michael Hendry
Chairman
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02442004.AA2
