Macquarie is pleased to list a new call warrant over STX Pan Ocean today:
1) STX PO MBLeCW081002 (FU5W), exercise $4.00, 4 warrants per share.*
4 warrants per share imply that investors need to purchase 4 warrants to entitle them to 1 underlying share at expiry.
About STX Pan Ocean
Based on its announcements on the SGX, STX Pan Ocean Co Ltd is one of the premier shipping companies in Korea with global operations. Based on the dead weight tonnage (DWT) capacity of its owned dry bulk fleet, STX is the leader in Korea’s dry bulk sector and is also ranked among the Top 20 globally.
STX transports major bulk cargo, such as iron ore, coal, grain, steel products, sugar, cement, logs and palm and vegetable oils worldwide and discharges most of that cargo in Asia. In FY2007, the Group transported over 71 million tons of cargo through about 4,000 voyages
between ports in over 80 countries, generating sales of US$5.8 billion.
The Baltic Dry Index – barometer for dry bulk freight rates
According to The Baltic Exchange, the Baltic Dry Index (BDI) was created in 1999 and is a composite index of freight rates on 22 key dry bulk routes. The BDI continues from the Baltic Freight Index, which was published back in 1985.
Freight rates are prices which ship owners like STX Pan Ocean charge their clients to transport cargo, and is closely linked to the revenue of the firm.
The BDI close at 9,581 last Friday, rising 2.7% week-on-week and rallying 25.2% month-on-month.
For a full list of warrants with their different paramaters including free LIVE pricing, please log on to www.warrants.com.sg