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You are here: Home Archive 2012 August 17 Weak dry bulk market sees STX Pan Ocean post losses

Weak dry bulk market sees STX Pan Ocean post losses

by Lloyd's List last modified Aug 17, 2012 12:24 PM

STX Pan Ocean, South Korea’s leading dry-bulk operator, reported a hefty loss of $83.8m during the second quarter, due to weak rates and lower sales.

The result showed improvement from the first-quarter loss of $103.9m due to a minor market recovery after the lunar new year that nevertheless failed to return the company to its profit of $20.4m a year ago.

The Singapore-listed...

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