Latest news from Heavy Lift & Project Forwarding International Magazine

STX Pan Ocean stake up for grabs?

December 13 - According to reports on the Bloomberg website, South Korea's STX Group is considering the sale of its shareholding in STX Pan Ocean Co, South Korea's largest dry bulk ship operator, as part of a scheme to raise finance via asset sales to red

Bloomberg says the STX Group has advised that talks are under way with domestic and international investors for its 36 percent stake, believed to be worth about USD250 million at current prices.

STX Pan Ocean operates a large fleet of owned and chartered ships, including dry bulk vessels, container ships and tankers, as well as six geared heavy lift ships and one semi submersible barge. The company's main business in this sector is the transport of heavy and over-dimensional cargoes from the Far East to the Middle East.

More to follow.

www.stxpanocean.com

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
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Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 450
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 406

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