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STX Pan Ocean
Pan Ocean Co., Ltd. is a shipping company headquartered in Seoul, South Korea. It is an affiliated company of Harim Group. Overview The company has gained a worldwide reputation in the bulk carrier industry, and in other services such as container ships, oil tankers and LNG carriers. Its sales volume reached an average of 5,117 million dollars per year. The number of its employees is approximately 2,500, and the number of vessels owned by the company exceeds 340. STX Pan Ocean has been selected as the first-place company in the "Korea's Most Admired Company" by the Korea Management Association Consulting (KMAC) for three consecutive years. Originally the company was active in the car transportation industry, by operating 7 pure car/truck carrier (PCTC) vessels, before discontinuing this business. On Jun 7, 2013 STX Pan Ocean went bankrupt, rebranding as ''Pan Ocean'', dropping the ''STX'' reference after the STX Offshore & Shipbuilding conglomerate sold its majority stake ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Ponta Da Madeira
Ponta da Madeira is a Brazilian private port, a large iron ore loading port in São Luís, in the Northern part of Brazil, and one of the only terminals in the country suited for the ultra large Valemax ships. In 2020, the port of Ponta da Madeira handled 190.1 million tons. It's the national champion in cargo handling. The Ponta da Madeira Maritime Terminal, owned by mining company Vale, sits next to the public Porto do Itaqui, in the state of Maranhão, in northern Brazil. It was chosen as the terminus of the Estrada de Ferro Carajas, where trains unload iron ore for shipping overseas, mainly to Europe and Eastern Asia. The terminal, abutting the Bay of São Marcos (St. Mark) has a natural draft of 26 meters (86 feet) at low tide; 14m (46') tides proved a significant problem due to the strong currents generated, but those were circumvented through the placement of underwater concrete "breakers." The terminal and Itaqui port are still primarily iron ports, but have increas ...
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Car Carrier Shipping Companies
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, additional features and controls have been added to vehicles, making them progressively more complex. Th ...
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South Korean Brands
South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz'' ("south"), possibly related to the same Proto-Indo-European root that the word ''sun'' derived from. Some languages describe south in the same way, from the fact that it is the direction of the sun at noon (in the Northern Hemisphere), like Latin meridies 'noon, south' (from medius 'middle' + dies 'day', cf English meridional), while others describe south as the right-hand side of the rising sun, like Biblical Hebrew תֵּימָן teiman 'south' from יָמִין yamin 'right', Aramaic תַּימנַא taymna from יָמִין yamin 'right' and Syriac ܬܰܝܡܢܳܐ taymna from ܝܰܡܝܺܢܳܐ yamina (hence the name of Yemen, the land to the south/right of the Levant). Navigation By convention, the ''bottom or down-facing side'' of a ...
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Shipping Companies Of South Korea
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. Modes of shipment In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air. Grounds Land or "ground" shipping can be made by train or by truck (British English: lorry). In air and sea shipments, ground transport is required to take the cargo from its place of origin to the airport or seaport and then to its destination because it is not always possible to establish a production facility nea ...
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EUKOR
EUKOR is a specialised Roll-on/roll-off shipping line formed in 2002. The company's main business is the sea carriage of new and used cars and High & Heavy cargo. The name of the brand EUKOR comes from a portmanteau that combines together the words "Europe & Korea". Company profile EUKOR is a South Korean company owned by Wilh. Wilhelmsen along with Wallenius Lines, Wallenius Wilhelmsen Logistics, American Roll-on Roll-off Carrier, and United European Car Carriers. The company tonnage comprise 80 PCC-PCTC vessels transporting about 4 million cars every year, mainly from South Korea to the US and Europe. The main business consists in the maritime transport and distribution of cargo such as automobiles, trucks, trailers, Mafi roll trailers, heavy construction machineries and further types of rolling freight. Since 1999, when ''mv Asian Destiny'' was launched, the fleet started to include ships capable of carrying over 6,000 cars per voyage. Over half of the fleet's vessels in ...
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Hyundai Glovis
Hyundai Glovis Co., Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, and packaging services. It changed its name to Hyundai Glovis in June 2003. Company The meaning of the name Glovis comes from a portmanteau that combines together the two words "Global - Vision". Hyundai Glovis main business areas in South Korea and internationally are finished vehicles distribution by Roll-on/roll-off ocean shipping, air transportation, inland truck transportation, logistics consulting, storage, and packaging services, as well as supply chain management services. Since 2011, the company has launched an auto parts recycling business, named "OnECO," that mainly consists of distribution of reused and remanufactured auto parts. The company fleet includes 60 Pure Ca ...
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STX France Cruise SA
Chantiers de l'Atlantique is a shipyard in Saint-Nazaire, France. It is one of the world's largest shipyards, constructing a wide range of commercial, naval, and passenger ships. It is located near Nantes, at the mouth of the Loire river and the deep waters of the Atlantic, which make the sailing of large ships in and out of the shipyards easy. The shipyard was owned by Alstom from 1976 onwards, became Alstom-Atlantique, and was later part of Aker Yards when Aker Group acquired the Alstom Marine business in 2006. In 2008, the South Korean company STX Corporation acquired Aker Yards, and the shipyard became part of STX Europe (formed by the renaming of Aker Yards). After the bankruptcy of STX Corporation, the shipyard was acquired by the French government and reverted to its original name of Chantiers de l'Atlantique. History The current Chantiers de l'Atlantique yard evolved from the Ateliers et Chantiers de Saint-Nazaire Penhoët, Saint-Nazaire, France, famous for ...
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STX Finland Cruise Oy
STX Finland Oy, formerly Aker Yards Oy, was a Finnish shipbuilding company operating three shipyards in Finland, in Turku, Helsinki and Rauma, employing some 2,500 people. It was part of STX Europe, a group of international shipbuilding companies owned by the South Korean STX Corporation. Half of Helsinki yard was sold to Russian USC in 2010. In September 2013, STX Finland announced that the Rauma shipyard would be closed in June 2014. In August 2014, the Turku shipyard was sold to Meyer Werft the state-owned Finnish Industry Investment and renamed Meyer Turku Oy. History STX Finland Oy was a descendant of different shipyard companies. Wärtsilä operated the shipyards of Helsinki and Turku since the 1930s. Wärtsilä Marine went bankrupt in 1989 after merging with Valmet shipyards. Masa-Yards was established by Martin Saarikangas with financing from the shipping companies to finish the ships under construction, eventually taking over the operations of Wärtsilä's former ...
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STX Europe
STX Europe AS, formerly Aker Yards ASA, was until 2012 a subsidiary of the South Korean STX Offshore & Shipbuilding. With headquarters in Oslo, Norway, STX Europe operated 15 shipyards in Brazil, Finland, France, Norway, Romania and Vietnam. The company had three business areas: Cruise & Ferries, Offshore & Specialized Vessels and Other Operations. In 2012, with rising outstanding debts, STX retained the Finnish cruise shipbuilding yard and sold the remainder as ''STX OSV Holdings'', (Offshore & Specialist Vessels), including all the yards, to Fincantieri, which renamed the group Vard. In September 2014 STX Finland was sold, 70% to Meyer Werft and 30% to the Finnish government. The operations were continued under name Meyer Turku thereafter. Meyer Werft acquired the Finnish government's 30% in April 2015. In 2017 STX France, after the bankruptcy of STX Corporation, was acquired by the French government and reverted to its original name of Chantiers de l'Atlantique. Histo ...
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Oman
Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of the Persian Gulf. Oman shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen, while sharing Maritime boundary, maritime borders with Iran and Pakistan. The coast is formed by the Arabian Sea on the southeast, and the Gulf of Oman on the northeast. The Madha and Musandam Governorate, Musandam exclaves are surrounded by the United Arab Emirates on their land borders, with the Strait of Hormuz (which it shares with Iran) and the Gulf of Oman forming Musandam's coastal boundaries. Muscat is the nation's capital and largest city. From the 17th century, the Omani Sultanate was Omani Empire, an empire, vying with the Portuguese Empire, Portuguese and British Empire, British empires for influence in the Persian Gulf and Indian ...
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Sohar
Sohar ( ar, صُحَار, also Romanized as Suḥār) is the capital and largest city of the Al Batinah North Governorate in Oman. An ancient capital of the country that once served as an important Islamic port town, Suhar has also been credited as the mythical birthplace of Sinbad the Sailor. According to the 2010 census, Suhar's population was 140,006, making it Oman's fifth most-populated settlement. Described as an industrial town, the development of the Sohar Industrial Port during the 2000s has transformed it into a major Omani industrial hub. History As the largest town in the region, it has been argued that Suhar is identified with the ancient town called 'Omanah' ( ar, عُمَانَة) mentioned by Pliny the Elder in his '' Natural History''. This settlement is believed to have given Oman its name. According to Al-Tabari, in 893 or 894, during the Abbasid era, there was a dispute about who should rule Oman amongst local factions. A faction that approached the Abbas ...
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