Panamax Dry Bulker Delivered to STX Pan Ocean

Press Release
Thursday, January 17, 2013
Bulk Ship 'STX Horizon': Photo credit STX Pan Ocean

STX Pan Ocean takes over the 83,000 dwt class Panamax, 'STX Horizon', its first new-build delivery of the year.

Having concluded strategic contracts for long-term transportation with domestic and international shippers including POSCO, Hyundai-Steel, KEPCO subsidiaries, Vale and Fibria in Brazil, STX Horizon will be added to the the owner's list of vessels to service these various contracts.

A company official said: “Although current dry bulk shipping market is depressed, about $100 million of profit is expected from operation of 23 private vessels, which will be delivered within this year to carry out long-term transportation contracts, containing 10 ships for Fibria, 6 for KEPCO subsidiary and 3 for Vale. As performance of those contracts will begin in earnest from this year, operating profit is expected to be visible, which will make ends meet, finally after the consistent investment for vessel purchase [sic].”     

With the addition of this ship to its fleet, STX Pan Ocean has an owned fleet totaling 95 ships, including 59 bulk carriers, 20 tankers, seven container ships, six car carriers, 2 semi-submersible heavy transport vessels, and one LNG carrier. In addition to this private fleet there are about 300 chartered ships, so that altogether STX Pan Ocean is operating approximately 400 ships.
  
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

US Navy: Future USS John Finn (DDG 113) Launched

The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28.  During launch the drydock was flooded allowing the

BMT Expands to Meet Increased Workload

BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work.   Operating

NYC Ferries: Gladding-Hearn Building Three New Vessels

Gladding-Hearn Shipbuilding, Duclos Corporation, has begun construction of the first of three new sightseeing vessels for Circle Line Sightseeing Cruises, Inc., in New York City.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1510 sec (7 req/sec)