STX Pan Ocean bags $99m coal contract

Seoul: STX Pan Ocean Co., South Korea's biggest bulk-shipping line, said Thursday that it has won a 120 billion won (US$99 million) contract to transport coal for a state-run utility firm. Under the deal with Korea South-East Power Co., STX Pan Ocean will transport a total of 10 million tons of coal for 10 years starting next month.  [23/07/10]