December 30 - As part of an enforced management shuffle, STX Pan Ocean named You Sik Kim its new chief executive officer, effective December 24, 2013.

Also joining the STX Pan Ocean board is Christopher Anand Daniel, who will serve as an independent director.

HLPFI reported in November 2013 that four STX Pan Ocean board members, including former ceo and executive director, Chun Il Yu, resigned (

The debt-ridden shipping firm reported a net loss of USD399.07 million in the third quarter of 2013; it went into receivership in June 2013 having incurred debts of more than USD4.8 billion.