South Korea-based bulk shipper Pan Ocean Co Ltd, formerlySTX Pan Ocean, has been put up for auction, Reuters reports citing a sales notice from October 1st. According to the sales notice, potential bidders will conduct due diligence during Nov ... World Maritime News, 7 hours ago
STX Mumbai The High Court of Singapore has upheld a first instance decision striking out the action by Transocean Oil Pte Ltd against the Pan Ocean's boxship STX Mumbai and also set aside the arrest of the vessel, Clyde & Co, Pan Ocean's legal ...World Maritime News, 1 month ago
STX Group confirmed on Thursday that it has signed a deal to sell STX Finland to a consortium formed by the Finnish government and German shipbuilder Meyer Werft. The group expects the deal to spur its restructuring efforts to normalize its ...Hellenic Shipping News Worldwide, 1 month ago
Vale Brasil, Image Credit: Agencia Vale In May 2008, capesize vessels hard to believe now were averaging $155,000 pd on the spot market, while the front leg of the trade Tubarao (Brazil) to Qingdao (China) was earning $262,000 pd. According to ...GCaptain, 2 days ago
Anyone who's taken a look at the global shipping industry recently probably knows that there's a boatload of distress in the waters. In fact, weve recently witnessed a number of shipping firm restructurings including Excel Maritime Carriers, ...Hellenic Shipping News Worldwide, 1 month ago
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