NYK and the Ofer Group’s Zodiac Shipping have emerged as two of the short listed contenders in the race to acquire Korean bulker outfit Pan Ocean.

Up for grabs: Pan Ocean's fleet of bulkers
They face competition from six domestic firms: Korea Line, STX Corp, Dongkuk Steel Mill, Kumho Construction & Engineering, LG Group and Sinokor Merchant Marine.

Singapore’s bulk-pool operator IMC Group is among the unsuccessful parties from the original round of three foreign and ten domestic bidders.

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