Pan Ocean Co., Ltd. is a

shipping company A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that ...

headquartered in

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the Capital city, capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the North Korea, Democratic People's Republic of Korea (North Korea ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

. It is an affiliated company of Harim Group. STX ace10, IMO 9443877

STX ace 2 p2 leaving Port of Rotterdam, Holland 08-Jul-2007

Overview

The company has gained a worldwide reputation in the

bulk carrier A bulk carrier or bulker is a merchant ship specially designed to transport unpackaged bulk cargo — such as grains, coal, ore, steel coils, and cement — in its cargo holds. Since the first specialized bulk carrier was built in 1852, ec ...

industry, and in other services such as

container ship A container ship (also called boxship or spelled containership) is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization. Container ships are a common means of commercial intermoda ...

oil tanker An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined c ...

s and

LNG carrier An LNG carrier is a tank ship designed for transporting liquefied natural gas (LNG). History The first LNG carrier '' Methane Pioneer'' () carrying , classed by Bureau Veritas, left the Calcasieu River on the Louisiana Gulf coast on 25 Januar ...

s. 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 in the former joint venture. Under the brand Pan Ocean, the company still operates a fleet of 400,000-ton

very large ore carrier A bulk carrier or bulker is a merchant ship specially designed to transport unpackaged bulk cargo — such as grains, coal, ore, steel coils, and cement — in its cargo holds. Since the first specialized bulk carrier was built in 1852, econ ...

s known as ''

Valemax ''Valemax'' ships are a fleet of very large ore carriers (VLOC) owned or chartered by the Brazilian mining company Vale S.A. to carry iron ore from Brazil to European and Asian ports. With a capacity ranging from 380,000 to 400,000 tons deadwe ...

'' ships. On 5 December 2011 the first ship of her type, ''Vale Beijing'', suffered structural damage during her first cargo loading, a leak in her ballast tank, which put the ship in danger of sinking at the port of Ponta da Madeira in

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

. However, the disaster was avoided, and after having been anchored off the harbour for over three months, ''Vale Beijing'' left São Luís for

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 ...

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 ...

. After unloading, she returned to STX shipyard in South Korea for inspection and repairs.

References

External links

* Shipping companies of South Korea South Korean brands Car carrier shipping companies Ro-ro shipping companies Companies listed on the Korea Exchange {{shipping-company-stub

Overview

See also

References

External links