Wednesday, November 27, 2013
STX Group

STX Pan Ocean Orders Capesize Bulkers

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,...

November 27, 2013
Total Views: 9

Thursday, November 14, 2013
STX Pan Ocean Vanguard

Korean Shipping Lines Face Cash Crunch

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.

November 14, 2013
Total Views: 7

Thursday, October 10, 2013
STX Pan Ocean Vanguard

STX Pan Ocean Cuts Ship Orders to Save Cash

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...

October 10, 2013
Total Views: 3

Friday, September 6, 2013
STX Frontier LNG carrier hoegh lng

GasLog to Acquire LNG Carrier from STX Pan Ocean, More to Follow Says CEO

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...

September 6, 2013
Total Views: 5

Thursday, July 11, 2013
star bulk

Star Bulk to Build More Capes, Loses Long Term Charter with STX Pan Ocean

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...

July 11, 2013
Total Views: 9

Thursday, June 20, 2013

STX Pan Ocean Seeks Protection From US Creditors

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.

June 20, 2013
Total Views: 0

Monday, June 17, 2013
STX Pan Ocean Vanguard

STX Pan Ocean Shares Fall as Restructuring Process Begins

(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...

June 17, 2013
Total Views: 7

Friday, June 7, 2013

STX Pan Ocean Files For Protection

(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...

June 7, 2013
Total Views: 1

Friday, March 29, 2013
STX Pan Ocean Vanguard

STX Pan Ocean Sale Fails To Attract Bids, Bank Considering Other Options

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...

March 29, 2013
Total Views: 1

Sunday, January 13, 2013
STX's PSV 09

Tidewater Acquires PSV Newbuild Contracts from STX Pan Ocean

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...

January 13, 2013
Total Views: 41

Thursday, January 3, 2013
hanjin dampier capesize bulk carrier

Japanese Firms May be Prohibited from Shipping South Korea-Bound Coal, Suspicion Runs Deep

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...

January 3, 2013
Total Views: 6

Wednesday, December 12, 2012
stx pan ocean

STX Group May Sell Controlling Stake in Fleet of 400 Dry-Bulk Ships

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)...

December 12, 2012
Total Views: 6

Monday, November 12, 2012
STX Pan Ocean Vanguard

The Chinese Ore Rush Is On and Dry Bulk Shippers Like STX Pan Ocean Are Super Stoked to Hear It

(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...

November 12, 2012
Total Views: 14