STX Pan Ocean has obtained a 25 yr contract from Fibria Celulose SA of Brazil to move wood pulp. This is expected to net them $5 billion in revenue in the 2012. The company is dual-listed is Seoul and is currently up 4%...
The LT plan of STX PO is to penetrate into the transportation market for wood pulp and establish a source of sustainable profits. Fibria Celulose SA is the largest supplier of wood pulp, estimated at 30% of global wood pulp market share.
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