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STX Pan Ocean steps into chemicals.
(From Lloyds List)
Byline: Mike Grinter in Hong Kong
SOUTH Korea's STX Pan Ocean has taken a giant step towards business diversification with the launch of two petrochemical product carriers built by its affiliate STX Shipbuilding.
STX Ace 1 and STX Ace 2, launched on February 26, are the first of five 46,000 dwt product carriers ordered at the shipbuilding arm of STX Corp. The remaining three vessels are slated for delivery by February 2007.
STX Pan Ocean also has ambitious plans to expand its oil tanker fleet from the current 14 to 30 by 2010, at which time the company aims to achieve overall revenues of $5bn a year.
According to STX Corp chairman Kang Duk-soo, the shipping and shipbuilding ...
- 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...
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- 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 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...
- 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...
- STX Pan Ocean aims to overtake Hanjin Shipping.
- News wire article from: YON - Yonhap News Agency of Korea March 28, 2008 700+ words
...SEOUL, March 27 (Yonhap) -- STX Pan Ocean Co., South Korea's second...business. The revenue target of STX Pan Ocean compares with a target of 7...Hanjin Shipping Co. Last year, STX Pan Ocean reported sales of 5.6 trillion...
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- News wire article from: AsiaPulse News March 27, 2008 700+ words
SEOUL, March 27 Asia Pulse - STX Pan Ocean Co. (KSE:011810), South...business. The revenue target of STX Pan Ocean compares with a target of 7...KSE:000700). Last year, STX Pan Ocean reported sales of 5.6 trillion...