Stocks that Float: TANKERS & DRY BULK SHIPPERS

[xanadu90]

FYI: STX Pan Ocean is already trading on grey sheets

SPNOF.PK last trade $2.55 vol. 627

This a South-Korean shipping company - 47 of their own 59 vessels are dry bulk carriers, all ships rather small and old. Newbuilds ordered 24, most of them bulkers.
Most of their chartered vessels are dry bulk ships too. The company seems to be well integrated in the Asian market, they have many regular "liners".

Already profitable. Net profit $129,389 from 2006.
This could be an interesting shipping company to follow in Asian market. Take a look:
http://www.panocean.com/app/stx/stx_overview.asp

Here's link to the parent company STX Corporation:
http://www.stx.co.kr/english/main.aspx