Hints and tips:
...Bonnie Chan, an analyst at Macquarie Securities, said that STX Pan Ocean’s failure to hedge against a fall in market rates meant it was one worst affected....
...STX said that it chose Singapore for the listing because the country has a well-developed shipbuilding industry and it is a “familiar” market to the group as it has another unit, STX Pan Ocean, already listed...
...STX Pan Ocean, South Korea’s biggest bulk carrier, dropped 1.4 per cent to S$13.90 in Singapore....
...“China is the major driver,” says Larry Clarke, chief executive of the joint venture of commodity traders Bunge and Itochu and South Korean shipowner STX Pan Ocean that is developing the $200m (€159m, £133m...
...STX Pan Ocean, South Korea’s biggest bulk carrier that is listed in Singapore, rose 8 per cent to S$14.36 after the group struck a $5.8bn deal with Brazil’s Vale to ship ore to China....
...They behave in a way similar to ocean sonars, “pinging” trading facilities to test depth of liquidity or whether trades waiting to be matched are sitting on an order book....
...Standout rallies were seen in Korea’s STX Pan Ocean which was up 4.9 per cent and Hyundai Heavy, up 3.2 per cent, meanwhile in Japan, Nippon Yusen and Kawasaki Kisen were both up 2.8 per cent....
...However, Noble Chartering had chartered the vessel from its original owner and STX Pan Ocean had chartered it on to another company....
...STX Pan Ocean of South Korea sank 22.2 per cent to Won2,065, Mitsui OSK Lines of Japan lost 14.3 per cent to Y1,383 and China Shipping Container, or Cosco, plunged 15.8 per cent to HK$3.15....
...Mr Olsen says the Oslo bourse made its biggest leap internationally in 2002 when it became part of the pan-Nordic Norex alliance of stock exchanges and introduced the trading system of OMX, the Swedish bourse...
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