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Business Briefing.
(From Lloyds List)
Pan Ocean debut
SOUTH Korean shipping company STX Pan Ocean has succeeded in its tender to operate Phase 3-1 container terminal at the country's Kwanyang port, writes Mike Grinter in Hong Kong.
STX Pan Ocean and its partner Daehan Trade will operate Phase 3-1 of Kwanyang port. When completed, at a cost of Won377bn ($375m), the development will comprise four berths with a handling capacity of 2.83m teu. The venture is STX Pan Ocean's debut in the business of terminal operating.
Historically a bulk operator, STX announced recently an ambitious expansion plan that would see the fleet grow from 270 owned and chartered vessels to 400.
South Korea's Hanjin Shipping and Singapore's PSA also bid for the project but were rejected in the final round.
JAPANESE group Marubeni Corp is paying $1.3bn to gain Pioneer Natural Resources' Gulf of Mexico assets, including equity in producing fields and discoveries, writes Martyn Wingrove .
- STX PAN OCEAN EMBARKS ON PROJECT WITH IBM KOREA & STX FORCETEC.
- News wire article from: AsiaPulse News March 20, 2006 700+ words
...MediaNet International-AsiaNet/ - STX Pan Ocean, one of the worlds largest dry...technology infrastructure necessary for STX Pan Ocean to grow and diversify its business...and industry consolidation. STX Pan Ocean's corporate objective is to...
- Shares of STX Pan Ocean jump on Seoul debut.
- News wire article from: YON - Yonhap News Agency of Korea September 22, 2007 700+ words
...21 (Yonhap) -- Shares of STX Pan Ocean Co., South Korea's largest...on the main bourse. Shares of STX Pan Ocean closed at 2,040 won (US$2...54 percent to 1,919.26. "STX Pan Ocean soared as investors were betting...
- STX Pan Ocean in Hong Kong launch.
- News wire article from: Europe Intelligence Wire January 11, 2006 700+ words
...Kong SOUTH Korean shipping line STX Pan Ocean formally inaugurated its Hong Kong subsidiary, STX Pan Ocean (HK), yesterday in a move aimed...region. Speaking at the launch, STX Pan Ocean president and chief executive...
- STX Pan Ocean loses US$70 mln in Q1.
- News wire article from: YON - Yonhap News Agency of Korea May 16, 2009 700+ words
SEOUL, May 15 (Yonhap) -- STX Pan Ocean Co., South Korea's biggest...rates and low shipping demand. STX Pan Ocean lost US$70 million in the January...from a profit of $327 million, STX Pan Ocean said. Shares of STX Pan Ocean...
- S KOREAN SHIPPING CO STX PAN OCEAN SEES US$70 MLN LOSS IN Q1.(Financial report)
- News wire article from: AsiaPulse News May 15, 2009 700+ words
SEOUL, May 15 Asia Pulse - STX Pan Ocean Co. (KSE:028670), South...rates and low shipping demand. STX Pan Ocean lost US$70 million in the January...from a profit of $327 million, STX Pan Ocean said. Shares of STX Pan Ocean...
- STX Pan Ocean's ambition worries analyst.
- News wire article from: Europe Intelligence Wire October 16, 2006 700+ words
...global player, writes Marcus Hand STX Pan Ocean's ambitious expansion plans...in report initiating coverage. STX Pan Ocean, which is primarily involved...much more. 'In the long term, STX Pan Ocean's aspiration towards being a...
- STX Pan Ocean gets London subsidiary.
- News wire article from: Europe Intelligence Wire September 27, 2005 700+ words
...Lloyds List) SINGAPORE-listed STX Pan Ocean has set up a London subsidiary...writes Marcus Hand in Singapore . STX Pan Ocean UK has a paid capital of GBP2...through new business opportunity,' STX Pan Ocean said. Primarily a dry bulk operator...
- UBS acquires 5.47 percent stake in STX Pan Ocean.
- News wire article from: YON - Yonhap News Agency of Korea October 8, 2007 700+ words
...stake in South Korean shipper STX Pan Ocean Co., which listed its shares...purchased 113 million shares of STX Pan Ocean for "simple investment" purposes. Shares of STX Pan Ocean jumped more than 25 percent since...
- UBS ACQUIRES 5.47 PCT STAKE IN SOUTH KOREA'S STX PAN OCEAN.
- News wire article from: AsiaPulse News October 8, 2007 700+ words
...stake in South Korean shipper STX Pan Ocean Co. (KSE:028670), which...purchased 113 million shares of STX Pan Ocean for "simple investment" purposes. Shares of STX Pan Ocean have jumped more than 25 per cent...
- S. Korea's STX Pan Ocean sets up Hong Kong unit.
- News wire article from: Asia Africa Intelligence Wire September 20, 2005 700+ words
...South Korean shipping company STX Pan Ocean Co. said Tuesday that it has...network. The move comes after STX Pan Ocean opened a wholly owned corporation...year. The Hong Kong subsidiary, STX Pan Ocean Hong Kong Co., capitalized at...
