STX Pan Ocean Co., South Korea's biggest bulk-shipping line, said Thursday that it has won a 120 billion won (US$99 million) contract to transport coal for a state-run utility firm.
Under the deal with Korea South-East Power Co., STX Pan Ocean will transport a total of 10 million tons of coal for 10 years starting next month.
Shares of STX Pan Ocean were trading at 12,250 won on the Seoul bourse as of 9:47 a.m., up 0.41 percent.
Under the deal with Korea South-East Power Co., STX Pan Ocean will transport a total of 10 million tons of coal for 10 years starting next month.
Shares of STX Pan Ocean were trading at 12,250 won on the Seoul bourse as of 9:47 a.m., up 0.41 percent.