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

AET places Kalmar order thumbnail image

AET places Kalmar order

June 14 - Antwerp Euroterminal (AET) has placed an order for six Kalmar forklifts, including a fully electric model. 
Views: 330
Multipurpose charter rates remain stable thumbnail image

Multipurpose charter rates remain stable

June 14 - Time charter rates in the multipurpose shipping sector have remained stable over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 435
Buss launches JV with Idea thumbnail image

Buss launches JV with Idea

June 14 - Hamburg-based Buss Offshore Solutions and French logistics provider Idea established a joint venture that will serve the offshore market in France.
Views: 410

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.