Weak dry bulk market sees STX Pan Ocean post losses
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.
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.