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Native name | 팬오션 주식회사 |
|---|---|
| Formerly | STX Pan Ocean |
| Company type | Public |
| KRX:028670 | |
| Industry | Maritime |
| Founded | 1966; 60 years ago (1966) |
| Headquarters | , |
| Parent | Harim Group |
| Website | www |
Pan Ocean Co., Ltd. is ashipping company headquartered inSeoul,South Korea. It is an affiliated company of Harim Group.[1]
The company has gained a worldwide reputation in thebulk carrier industry, and in other services such ascontainer ships,oil tankers andLNG 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 7pure car/truck carrier (PCTC) vessels, before discontinuing this business.[2]
On Jun 7, 2013 STX Pan Ocean went bankrupt,[3] rebranding asPan Ocean, dropping theSTX reference after theSTX Offshore & Shipbuilding conglomerate sold its majority stake in the former joint venture.[4][5]
Under the brandPan Ocean, the company still operates a fleet of 400,000-tonvery large ore carriers known asValemax 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 ofPonta da Madeira inBrazil. However, the disaster was avoided, and after having been anchored off the harbour for over three months,Vale Beijing leftSão Luís forSohar,Oman. After unloading, she returned to STX shipyard in South Korea for inspection and repairs.
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