The company, which filed for court receivership in June,said the move was part of its continued restructuring effort.
Only last month the South Korean shipowner cut theoriginal series of orders placed in 2010 worth a total of $1bn to $800m.
STX Pan Ocean never said how many ships were ordered, butClarksons put it at six kamsarmaxes and 20 open-hatch carriers.
They were due to bedelivered between 2012 to 2014 on the back of long-term charters with FibriaCelulose and Korea South East Power Co.
Lastweek
