STX Pan Ocean FY2007 Results

STX Pan Ocean posts a record year; Earnings more than doubles to US$497 million

• Posts net profit of US$497 million on the back of US$5.8 billion in sales
• Declares a final cash dividend of 4.9 US cents per ordinary share
• Remains confident on dry bulk ‘Super Cycle’ on China commodities demand; continued Australian ports congestion; and signs of delays in ship deliveries
• Announces vessel investment plan of US$810 million in 2008

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