Korea’s STX Shipbuilding Co, the world's eighth-largest shipbuilder, and two affiliates will sell part of their stake in newly-acquired STX Pan Ocean next year.

The shipyard, STX Engine and STX Energy plan to sell 30% of Pan Ocean from their holding of 67% when they list the shipowner in 2005, they said.



The three took over Pan Ocean in September, paying the equivalent of £375m to Korea Development Bank (KDB).



STX