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STX in talks to sell Pan Ocean

by Lloyd's List last modified Dec 14, 2012 11:14 AM

South Korea’s STX Group is in talks to sell its shares in its listed STX Pan Ocean subsidiary as it seeks “business structure reform and financial improvement.”

STX Pan Ocean, the largest South Korean dry bulk player, runs several break bulk, bulk, container and tanker services to and from several Australian ports and has about 400, owned-and-operated ships.

In the first quarter of this financial year – the...

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