Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

STX Pan Ocean in $420m shipping deal with POSCO

STX Pan Ocean in $420m shipping deal with POSCO

Seoul: STX Pan Ocean has penned a $420m consecutive voyage contract with POSCO. The contract is to mainly ship coking coal and iron from Australia to South Korea. Worth $420m the contract lasts from 20 years from May 1 next year to May 31, 2031. "The main objective of the company for entering into the CVC is to secure a stabilised source of profit," STX Pan Ocean said. [15/09/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.