STX Pan Ocean Co. reported a first-quarter net income of $18.3 million compared to the net loss of US$70 million for the corresponding period of 1Q 09.according to a statement the company sent to the Singapore stock exchange today.
The Korean bulk shipper achieved sales of US$1,163 million for the first quarter ended 2010 (1Q 10), an increase of US$394 million, or 51%, compared to the corresponding period last year (1Q 09).
