South Korean shipowner STX Pan Ocean has filed its preliminary prospectus for its initial public offering (IPO) with the Monetary Authority of Singapore (MAS).

The 33,000-dwt bulker STX Pioneer being launched at Shin Kochi Shipyard in Japan in March
While a date for the listing and the number of shares on offer has yet to be decided, the initial prospectus provides details on Pan Ocean’s recent financial performance.

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