Weak dry bulk market sees STX Pan Ocean post losses
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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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