No Bidders for Korean Bulkship Owners STX

Yonhap News Agency
Monday, April 01, 2013

The sale of STX Pan Ocean Co. fell through as the Easter financial markets closed.

No potential bidders expressed their interest in South Korea's leading bulk carrier, raising the possibility that the shipping line may be taken over by a state-run policy lender, reports Yonhap News Agency.

According to industry sources, no potential bidders have submitted letters of intent for STX Pan Ocean yet.

Source: Yonhap News Agency

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