Search results for: Pan8

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A list of search results

  • 15 December 2014
    Business & Finance

    Singapore-headquartered pool operator Navig8 has added MV Dione, owned by European energy trading company RWE Supply & Trading GMBH, into its Pan8 panamax-bulker pool. The bulk carrier, flying the Greece flag, was built in 2001 and disposes 75,172 DWT. “Pool participation by RWE represents Navig8’s further engagement with one of the world’s most sophisticated energy traders,” Navig8 said. […]

  • 28 January 2015

    January has been a busy month for Navig8 Group’s shipping pools as they bolster ranks with new units. A total of nine units have joined Navig8’s pool fleets this month. The most recent additions saw a newbuild 49,000-DWT Navig8 Victoria being delivered from Hyundai Vinashin shipyard. The chemical carrier is set to join the Chronos8 Pool. Genco Shipping joined the Pan8 Pool […]

  • 18 March 2015
    Business & Finance

    March has been a pretty busy month for pool operator Navig8 which has expanded its pools with nine vessels. Navig8 Chemicals has taken delivery of Navig8 Amethyst, the third of eighteen ECO 37,000dwt chemical tankers constructed at Korea’s Hyundai Mipo Dockyard (HMD). Another newbuild, the 49,000 dwt Navig8 Violette, built by Hyundai Vinashin shipyard, joined the Chronos8 Pool. […]

  • 5 October 2016
    Business & Finance

    Singapore-based Pan-United Corporation has entered into a conditional sale and purchase agreement with the investment holding company Sedgefield Corporation to sell its wholly-owned subsidiaries, Pan-United Shipping and and P.U. Vision on October 4. Pan-United’s P.U. Vision, which owns 12 tugboats and 10 barges, is primarily engaged in the tug and barge business of the shipping division. Operating in the Southeast Asia region, the company […]

  • 8 June 2005

    John Fredriksen, Norway’s wealthiest shipowner and an avid salmon fisherman, is now casting himself into the seafood business in a big way. Fredriksen’s Greenwich Holdings Ltd is buying a stake in fish-farming business Pan Fish that’s been held by Nordea Bank since Pan Fish ran into trouble a few years ago. Nordea is selling its […]

  • 1 October 2014
    Business & Finance

    South Korea-based bulk shipper Pan Ocean Co Ltd, formerly STX Pan Ocean, has been put up for auction, Reuters reports citing a sales notice from October 1st. According to the sales notice, potential bidders will conduct due diligence during Nov 10-28, with binding bids due on Dec 11. It is expected for the bid to range […]

  • 4 January 2019
    Business & Finance

    Vale, Pan Ocean trim down USD 1.3 billion from USD 5.8 billion worth contracts over bunker fuel oil price.

  • 8 February 2018
    Business & Finance

    Pan Ocean has reported a 50.48 pct profit jump in its full-year results for 2017.

  • 14 August 2018
    Business & Finance

    Pan Ocean’s net profit was almost double in 2Q of 2018, driven by a recovery in freight rates.

  • 30 November 2017
    Business & Finance

    South Korean shipping company Pan Ocean informed that it is investing in the construction of six very large ore carriers (VLOCs). Pan Ocean has earmarked KRW 483.1 billion (USD 444 million) to finance the order. The new ships are intended to be employed on long-term cargo contracts. In a separate announcement, the company disclosed that […]

  • 10 October 2013
    Business & Finance

    STX Pan Ocean, restructuring shipowner listed in Singapore and Korea, has axed $225m worth of newbudiling orders as part of its rehabilitation plan. The company announced today, in a regulatory filing, that the size of investment amount has been reduced from approximately $1 billion to $0.8 billion in respect of the shipbuilding orders for open […]

  • 15 November 2018
    Business & Finance, Rules & Regulation

    Pan Ocean booked higher profits in the third quarter of 2018 reaping fruits of stronger market.

  • 16 January 2013
    Business & Finance

    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, […]

  • 16 January 2013

    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, […]

  • 11 April 2011
    Business & Finance

      Tap Oil Limited  has agreed to sell its interests in a portfolio of non-core assets in the Carnarvon Basin to companies in the Sydney based and privately owned Hardie Energy Group. As consideration for the assignments, the companies will pay Tap $2,000,000. Further details of the assets and the assignments are set out in […]

  • 28 January 2014

    In 2013 FoundOcean played a key role in numerous foundation installations within the renewables industry. Contracted to Offshore Wind Force (OWF), FoundOcean completed grouting operations at the West of Duddon Sands 108-monopile wind farm. The DONG Energy project took just 5 months to complete, averaging 21 foundation installations per month. Once fully operational, the wind […]

  • 28 January 2014

    In 2013 FoundOcean played a key role in numerous foundation installations within the renewables industry. Contracted to Offshore Wind Force (OWF), FoundOcean completed grouting operations at the West of Duddon Sands 108-monopile wind farm. The DONG Energy project took just 5 months to complete, averaging 21 foundation installations per month. Once fully operational, the wind […]

  • 28 January 2014
    Business & Finance, Operations & Maintenance

    In 2013, FoundOcean played a key role in numerous foundation installations within the renewables industry. Contracted to Offshore Wind Force (OWF), FoundOcean completed grouting operations at the West of Duddon Sands 108-monopile wind farm. The DONG Energy project took just 5 months to complete, averaging 21 foundation installations per month. Once fully operational, the wind […]

  • 24 May 2010
    Project & Tenders

    The Operator, Apache Northwest Pty Ltd (“Apache”) has advised that the Ocean Shield drilling rig is now on location and has commenced drilling of the Bath-1 exploration well located in the TL/2 Production Licence, offshore Carnarvon Basin, Western Australia, for Apache on a sole risk (100%) basis. Pan Pacific Petroleum NL (“PPP”) has evaluated this […]

  • 14 November 2017
    Business & Finance

    South Korean dry bulk shipping company Pan Ocean reported a 55.4 percent rise in profit for the third quarter of 2017 when compared to the third quarter of 2016. The Q3 profit for this year stood at USD 36.9 million against USD 23.7 million reported in Q3, 2016. For the nine-month period, the profit was […]

  • 7 October 2014
    Business & Finance

    Star Borealis LLC, a subsidiary of dry bulk cargo shipping company Star Bulk Carriers Corp., has sold the rights to the claim against Pan Ocean to an unnamed third party for a little over USD 8 million. Following the settlement and adjudication of the claim for damages and due hire related to the repudiation of the […]

  • 8 July 2014
    Business & Finance, Project & Tenders

    AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, reports that the Oi-2 exploration well reached TD at a measured depth of 3,908 metres at 20:45 hours (8.45pm) NZDT on Monday 7 July 2014.