STX Pan Ocean, Korea Line tumble as rates decline

STX Pan Ocean, Korea Line tumble as rates decline. (REUTERS)

STX Pan Ocean and Korea Line, South Korea's top two bulk carriers, retreated in Seoul trading after an index of freight rates posted its first weekly decline in five weeks. STX Pan Ocean fell 1.5 per cent to 12,850 (Dh41.6) won on the Korea Exchange. Korea Line lost 2.2 per cent to 53,700 won.

 

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