August 14 - STX Pan Ocean Co, South Korea's largest commodities-shipping company, has posted a Q2 2013 net loss of USD24.7 million - down from USD84.3 million 12 months ago.

The company reported revenues of USD855.8 million during Q2 2013, down 32 percent year-on-year over the comparable period of 2012.  STX Pan Ocean said the decline was primarily a result of lower freight rates from the recession of shipping industries.