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

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 294
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 678
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 783
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 542

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