Subscribe to RSS feedSTX Pan Ocean drops into red
by
Jim Wilson
—
last modified
Aug 20, 2009 03:52 PM
STX Pan Ocean plunged US$112m into the red in the first half of the year as the dry bulk shipping collapse took its toll.
The South Korean dry bulk owner and operator reported a first-half net loss of US$112.3m, compared with a profit of US$437m in the same period last year. The company’s revenues plunged 68% to US$1.6bn in the first six months of...
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