Dry bulk shipper STX Pan Ocean has placed an order today for two Capesize bulk carriers from Hanjin Heavy Industries. The vessels, due for delivery by the end of 2016,...

South Korea’s three biggest shipping companies face a cash crunch as 3 trillion won ($2.8 billion) of bonds are due for repayment in the next two years amid mounting losses from a global slump in rates to carry cargo.

Oct. 10 (Bloomberg) — STX Pan Ocean Co., South Korea’s largest commodities shipping line, canceled some ship orders as it seeks to revive operations under court protection. Contracts were canceled...

GasLog (NYSE: GLOG) announced further expansion of their shipping fleet today in the form of an additional LNG carrier from Singapore-based STX Pan Ocean.  The agreement to acquire the STX...

Star Bulk Carriers Corp. (NASDAQ: SBLK) entered into a newbuilding agreement today with Shanghai Waigaoqiao Shipbuilding to build a pair of 180,000 DWT Capesize bulk carriers as well as signed...

The bulk shipper STX Pan Ocean Co Ltd filed for protection under U.S. bankruptcy law on Thursday to shield its assets from creditors in the United States, less than two weeks after filing for court receivership in South Korea.

(Bloomberg) — STX Pan Ocean Co., South Korea’s largest commodities-shipping company, slumped to the lowest level in Seoul trading since its listing after a court accepted its application to seek protection. Pan...

(Reuters) STX Pan Ocean – owner of 97 bulk vessels, 249 chartered-in ships and open contracts for 28 newbuilds – filed for court receivership on Friday, the latest unit in...

SEOUL, March 29 (Reuters) – An initial round of bidding to acquire a controlling stake in South Korean bulk shipper STX Pan Ocean Co failed to attract any bids, the...

STX OSV announced on Friday that New Orleans-based offshore supply vessel operator Tidewater Inc. acquired contracts for three platform supply vessels which are currently under construction at STX OSV in...

South Korea’s government is moving to bar foreign shipping lines from contracts in the state-run energy sector as it supports domestic companies struggling to recover from the global downturn. State-controlled...

STX Group is in talks about selling its controlling stake in STX Pan Ocean Co., South Korea’s largest dry-bulk ship operator, as it tries to raise 2.5 trillion won ($2.3 billion)...

(Bloomberg) — China, which imports more iron ore than the rest of the world combined, will buy a record amount this quarter, easing concern about the engine of global economic...