STX Pan Ocean posts record 1HFY08 profit of US$457.8m on sales of US$4.9 billion
• Strong 1HFY08 performance due to booming dry bulk transportation market
• Number of factors in play – higher freight rates, increased charters and expanded fleet
• Group expects current strong market condition to continue well beyond 2009 in view of the continuing demand from China and cut in order book for new builds
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_DD2949D31AA5D9B24825749F003F356C/$file/STXPO_2QFY08_Press_Release_Final.pdf?openelement
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