STX Pan Ocean Takes Delivery of Its Newbuild Bulk Carrier (China)

STX Pan Ocean successfully took over 83,000 DWT class Panamax, STX Horizon, on January 8th, as the first delivery of this year. Built at STX Dalian Shipbuilding Complex, the vessel is 229m long, 32m wide and 20m high bulk carrier.

Having concluded strategic contracts for long-term transportation with domestic and international shippers including POSCO, Hyundai-Steel, KEPCO subsidiaries, Vale and Fibria in Brazil by operating more than 50 ships as industrial carriers, STX Horizon will be added to the list of performing vessels for these contracts.

The 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.”

By adding the ship to its fleet, STX Pan Ocean will have a 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 and about 300 chartered ships, STX Pan Ocean is operating approximately 400 ships.

STX Pan Ocean, January 16, 2013

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >