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.
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.
The