global no.1 shipping company - pan ocean - 팬오션 profile_eng.pdf · as a global shipping...

GLOBAL NO.1 SHIPPING COMPANY

Corporate Brochure

As a global shipping company representing Korea, Pan Ocean is gaining a worldwide reputation and winning trust not only in the bulk carrier service, its flagship business, but also in high value added shipping services through containerships, tankers, gas carriers, and heavy lift vessels. We are also making concerted efforts to create new business opportunities by capitalizing on accumulated capabilities in shipping services and business networks spanning the globe.Pan Ocean will continue to sail along the path to becoming a global top-tier shipping company. By leveraging our leadership, differentiated service capabilities, challenging spirit, and passion, we will grow together with customers and eventually evolve into a leader in the global shipping and agri trading businesses.

A VOYAGE TOWARD THE GLOBAL NO.1 SHIPPING COMPANY BEGINS.

b u s i n e s s

o v e r v i e w

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Breakbulk Liner

Tramper Large Bulker

Agri Trading & Logistics

Container

·Tanker·Gas Carrier·Heavy Lift Vessel

Specialized Vessels

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Financial Highlights

Fleet List

Global Network

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Our Commitment

Message from the CEO

Vision & Core Value

Organization

Corporate History

CONTENTs

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Pan Ocean is committed to carrying customers’ dream through crisscrossing the five oceans.Based on solid trust with global major customers built on world-class shipping services for the past five decades, Pan Ocean has evolved into a global leading shipping company that operates a great number of routes spanning Asia, Europe, the Americas, and Oceania. We will continue to drive change and innovation in order to provide customers with unrivaled services and ultimately leap forward to the next stage of our growth.

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Pan Ocean is operating local subsidiaries and offices in strategic strongholds of Asia, the Americas, and Oceania. The footholds contribute to offering safe and correct shipping services to customers and sharpening our business competitiveness.

SeoulBusan

Tokyo

Dalian

Tianjin

Qingdao

SingaporeMelbourne

Portland

New Jersey

Sao Paulo

Dubai Shanghai

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Pan Ocean is committed to offering safe and high-quality world-class bulk shipping services.

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Pan Ocean has built an unrivaled position in the shipping of dry bulk cargo such as iron ore, coal, steel, and grain for the past half century. By capitalizing on accumulated experiences, professionalism, and competitive fleet operation in the bulk shipping, we have provided global customers with differentiated services and contributed to the development of global economy. Our prowess in this field has led to the conclusion of mid- to long-term bulk shipping contracts with leading global steel producers, power plants, resource developers, and raw material suppliers, which provides us a foundation for our stable growth and leapfrog into the global No.1 bulk shipping company.

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Our high-quality shipping services ensure customers’ business success.Fleet size and efficient vessel operation capacity are key measures to evaluate the competitiveness of shipping companies. Pan Ocean is operating a wide range of vessels including containerships, tankers, gas carriers, and heavy lift vessels as well as bulkers ranging from handysize to 400,000 ton class VLOC. Our advanced fleet and matchless vessel operation capacity facilitate safe and fast transportation of cargoes, satisfying customers and paving the way for their business success.

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Pan Ocean provides customers with more safe and stable shipping services by operating a competitive fleet consisting of various kinds of vessels.

61 Bulk Carriers

16 Tankers 1 Gas Carrier (LNG)

2 Heavy Lift Vessels 2 Containerships

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Pan Ocean is sparing no efforts for changes and innovation to bring higher value to customers.

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Our differentiated shipping service is headed by a modern fleet consisting of bulkers, containerships, tankers, gas carriers, and heavy lift vessels, efforts for stable vessel supply and on-time performance, vast global networks, and industry-leading integrated route management system. Moreover, we are focusing on the expansion and modernization of the fleet, which will drastically improve our service quality and vessel operation efficiency.

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We are so proud of our shipping services that transcend the hurdle of time and space.Pan Ocean demonstrates its knowhow to safely and rapidly transport all kinds of cargoes that customers want ranging from dry bulk, container, and oil to nonstandard heavy cargo. In addition, customer satisfaction begins with our advanced IT system, eco-friendly and cutting-edge vessels, and reliable services offered by tip-tier shipping experts. Pan Ocean is the best partner who transports your cargoes and enriches your future.

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Pan Ocean carries all kinds of cargoes including coal for power gener-ation, iron ore for steel manufacturing, raw materials, steel products, wood, and grain which are essential for economic development.

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We deliver new value to customers through the fastest, most accurate and competitive shipping services.

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With its optimized fleet of vessels, Pan Ocean accurately and competitively delivers dry bulk cargoes, containers, oil and chemicals, wood pulp, and various kinds of project cargoes to destinations throughout the world on time. We provide breakbulk liner service through designated schedules and routes, tramper service conducted under the conditions customers require, and exclusive vessel service based on mid- to long-term contracts with special customers.

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Recognized as a singular high-quality service provider, Pan Ocean aims to be the world’s best shipping company.We are committed to deeply thinking what customers really want, thoroughly managing our service quality, sticking to principles, and pursuing win-win relationship with customers. Furthermore, we strive to maximize our business efficiency based on an accurate prediction about future market conditions and elaborate management strategy. By providing a wide spectrum of shipping and other value-added services, Pan Ocean will continue to solidify its global leadership.

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Following a success in entering the wood pulp transportation service in 2010 that had previously been dominated by European shipping companies, Pan Ocean has stably entered the global agri trading market since 2015, thereby establishing future growth engines.

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By harnessing rich experience, knowhow, and customer trust, we are tapping into value-added markets.

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Pan Ocean stably generates sales and profits through building a portfolio of short- and long-term cargo transportation contracts in spite of sluggish global shipping market. We are also dedicated to enhancing risk management capability, maximizing fleet operation efficiency, expanding global networks, collaborating with leading global shipping companies, and pioneering new businesses with high profitability, which will pave the way for our sustainable growth.

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Message from the CEO

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2016 PAN Ocean Corporate Brochure

Pan Ocean has blown away the competition and overcome many difficulties in the un-certain market conditions since its establishment in 1966. Today, we join the ranks of leading global shipping companies that transport a variety of cargoes to major ports around the world.

Particularly, Pan Ocean demonstrates its unequaled position in the dry bulk ship-ping service of iron ore, coal, grain, fertilizer, wood, steel, etc. The company has also achieved remarkable performances in the value-added services through container-ships, tankers, gas carriers, and heavy lift vessels.

With the vision of becoming the “Global No.1 Bulk Shipping Company” by 2020, we are making concerted efforts to upgrade risk management capability as well as maximize profitability through expanding the fleet competency and long-term shipping contracts. In addition, we will continue to give an impetus to the advancement of our manage-ment system for more efficient business activities and expansion of global networks in order to enhance our global competitiveness.

On top of that, the agri trading business is fully being nurtured to maximize synergy effect with our parent company Harim Group. By gearing up for the agri trading business which will be a new growth engine and entering its related businesses stage by stage, we are ex-tending our business domain to trading and logistics beyond existing shipping services.

We at Pan Ocean will fulfill these strategies to leap forward to becoming a leading glob-al shipping and agri trading company which is highly recognized for professionalism and the value of differentiated services from customers.

We look forward to your continued support and encouragement.

Sung-yob ChooPresident & CEO of Pan Ocean

We will leap forward to a world-class shipping and agri trading company through consistent challenge and innovation.

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Vision & Core Value

Global No.1 bulk ShippiNG

CompaNyTake-off as a leading global shipping and agri trading company through expanding

the fleet and global networks

Vision

Core Value

professionalism & passion

Securing top-notch professionalism in the

bulk shipping business by intensifying knowledge and knowhow acquired through

global competition

principle & Trust

Attaining corporate success and sustainable growth by

complying with rules, principles, and

business ethics

Challenge & innovation

Embarking on the path toward higher goals

without being complacent and afraid of failing

appreciation & Creativity

Moving toward one goal together by building on a

consensus about corporate vision and management

philosophy

N E WP A NO C E A N

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Organization 2016 PAN Ocean Corporate Brochure

Planning Department

Breakbulk Liner Division

Finance Department

Law & Insurance Department

Tramper Division

Management Support Department

Atlantic Division

IT Department

Container Division

Business Coordination Department

Agri-Trading & Logistics Department

Large Bulk Division 1

Large Bulk Division 2

Specialized Carriers Division

Business Division Group 1

Business Division Group 2

Administration Division Group

President

Overseas

Subsidiary

Ethical Management Department

Pan Ocean (America), Inc.Pan Ocean Singapore Bulk Carrier Pte. Ltd.

Pan Ocean (China) Co., Ltd.Pan Ocean Japan

CorporationPan Ocean Brasil

Apoio Maritimo Ltda.

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WE ARE POISED TO LEAP FORWARD TO THE GLOBAL LEADER IN SHIPPING AND AGRI TRADING SERVICES.

1981. 03 Won the USD 200 Million Freight Tower at the 5th Shipping Day

1982. 05 Began plywood transportation service between Indonesia and the Americas

1983. 07 Began business computerization for the first time as a Korean shipping company

1984. 04 Changed company name to pan ocean Shipping Co., ltd.

1984. 05 Merged Sebang Shipping Co., Ltd. and took over container service between Korea and Japan

1984. 06 Merged Bowoon Shipping Co., Ltd. and began LPG transportation service

1984. 09 Merged Samick Shipping Co., Ltd.1987. 09 Began breakbulk liner service between

Southeast Asia and Far East Asia1989. 09 Began breakbulk liner service

between Europe and Far East Asia

1972. 11 Expanded business area to the dry cargo transportation sector

1974. 09 Owned a fleet of 20 vessels exceeding 700,000 DWT (29.5% of the national fleet)

1975. 04 Selected as a large shipping company in the tramper sector by the Korean government

1977. 04 began breakbulk liner service between korea and North america

1977. 06 Began car carrier service between Japan and the U.S.A.

1978. 12 Owned a fleet of 31 vessels exceeding 1,000,000 DWT

1979. 03 Won the President Prize at the 3rd Shipping Day

1966. 05 Established pan ocean bulk Carriers Co., ltd.

1967. 11 Began the operation of large oil tankers for the first time in Korea (four 54,000 DWT class oil tankers)

1969. 05 Signed a contract to build 324,000 DWT class ULCC

1966~

1980s1970s

Corporate History

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2010. 02 Won the grand prize at the 2010 Shipping & Logistics Management Award

2010. 03 Signed an MOU with Zhenhua Logistics Group, a comprehensive logistics player in China

2010. 09 Concluded a 20-year COA with POSCO

2010. 10 Concluded a long-term Coa amounting to kRW 5.5 trillion with FibRia, the world’s largest pulp producer

2011. 10 Newly included in the DJSI (Dow Jones Sustainability Index)

2012. 05 Participated in the Expo 2012 Yeosu Korea

2012. 10 Included in the DJSI for two consecutive years

2013. 02 Recognized as Korea’s most admired company in the shipping service sector

2013. 12 Changed company name to pan ocean Co., ltd. and launched new Ci

2014. 01 Signed a declaration of labor-management harmony

2015. 02 Concluded a contract for M&A investment (Harim Group - JKL Consortium)

2015. 07 incorporated as a subsidiary of harim Group Newly established the “Agri-Trading & Logistics Dept.”

2016. 02 Completed the first voyage of mother ship for agri trading business

2016. 03 Concluded a long-term transportation contract with VALE in Brazil

2016. 05 Celebrated the 50th anniversary of the company establishment

2017. 02 Concluded a long-term transportation contract with FIBRIA in Brazil

2004. 11 Changed company name to STX Pan Ocean Co., Ltd.

2005. 07 listed on the Singapore Exchange (SGX) for the first time as a korean company

2005. 10 Appointed as KOGAS LNG carrier operator

2006. 11 Won the USD 2 Billion Export Tower at the 43rd Trade Day

2006. 12 Won the grand prize at the Korea CFO and Financial Innovation Award

2007. 04 Acquired AIS certification from the Maritime & Port Authority of Singapore

2007. 05 Opened the SAIMS, an integrated management innovation system

2007. 09 Listed on the Korea Stock Exchange (KRX)2008. 08 Included in the MSCI Large Cap Index2008. 12 Won the USD 6 Billion Export Tower

Won the grand prize in the corporation sector at the International Trade Credit Award

2009. 02 Concluded a long-term COA with Korea South East Power

2009. 06 First entered the overseas grain terminal business in the industry

2009. 09 Concluded a long-term Coa amounting to kRW 7 trillion with ValE, the world’s largest iron ore producer

2009. 10 First participated in the international LNG transportation market among Korean shipping companies

1994. 02 Began container service between Korea and China

1994. 08 obtained the iSo/iSm CoDE certification for the first time as a korean tramper service provider

1995. 12 Achieved USD 1 billion in sales and surplus in net profit for two years in a row

1996. 01 Began the service to transport Indonesian pulp to Korea

1998. 02 Opened the Hanbada Training Center1998. 03 Introduced the EDMS (Electronic

Document Management System)1998. 09 Called at Gwangyang port for the first

time as a Korea shipping company1999. 04 Began South China direct calling

service for the first time as a Korean shipping company

1990s

2000s

2010~

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G L O B A L N O . 1 s H i P P i n G

& A G r i T r A D i n G C o M P A n Y

BUSINESS OVERVIEW

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Unyielding dedication to customers and passion for a better tomorrow.Pan Ocean has pioneered new markets around the five seas with challenging spirit and creativity. We are now well along the path to having an insight into rapidly-changing market conditions, enhancing global competitiveness, and maximizing synergy, which ensure top class shipping services for customers.We will continue to solidify our presence in the global market by focusing on developing new business opportunities through global networks connecting strategic footholds in Asia, the Americas, Oceania, and South America, and sharpening our competitive edge.

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Tramper

Large Bulker

Specialized Vessels

·Tanker·Gas Carrier·Heavy Lift Vessel

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Container

Breakbulk Liner

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Business Overview

Steel cargo accounts for the largest share of the break bulk liner service and key customers include major global steel makers and traders such as POSCO, HYUNDAI STEEL, SEAH STEEL, DONGKUK STEEL, DONGBU STEEL, POSCO DAEWOO, SAMSUNG C&T, HYUNDAI CORPORATION, BAO STEEL, NSSMC, JFE, STEMCOR, and DUFERCO. We are operating organizations by each route for more specialized shipping services of steel cargo.In particular, we operate a specialized SUPER CARGO TEAM in addition to MARKETING TEAM and OPERATIONS TEAM to ensure stable cargo stowage. Cargo supervisors with expertise and rich experience visit any place of cargo shipment in the world to dedicate to safe shipping services.In case of any damage to the cargo, we are very active in responding to and handling claims with a mindset that customer value is the top priority in our business.Other bulk cargoes such as coal, fertilizer, and various raw materials are transported by bulk carriers under the ultramax class on the basis of steel shipping routes. Major routes for coal transportation range from Far East and Russia to Korea, China, Japan, and Southeast Asia. For the break bulk liner service, Pan Ocean will strive to enhance its specialized shipping capability and rapidly respond to customers’ diverse requirements to further satisfy its customers.

pan ocean provides world’s top-class break bulk liner service for steel, coal, wood, equipment, and machinery cargoes throughout all major routes covering Far East asia, South East asia, india, North america, the middle East, and Europe by operating its competitive fleet ranging from the Small handy to ultramax classes.

Breakbulk Liner

Service Routes

Major Cargo

·Steel products

·Coal

·Wood

·Machinery and facilities

Sweden

Turkey

Jordan

Saudi Arabia /Syria Indonesia

U.S.A.

Mexico

Guatemala

Costa Rica

Peru

Panama

Philippines

Brazil

ChileMalaysia

Kuwait / Bahrain /Oman / Qatar / U.A.E.

Iran

JapanCanada

Honduras

U.S.A.

Colombia

Ecuador

Korea

Taiwan

China

Vietnam

Netherlands

U.K.

Belgium

Italy

Greece

Thailand

Slovenia

Spain /Portugal

IndiaRussia

Morocco

Pakistan

Egypt

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Grain accounts for the largest share of cargo within the Tramper Business. The cost-effective shipping service has leveled Pan Ocean Tramper Pacific Business as a major player in the North America and Oceania route. The Tramper Pacific Business guarantees global competitiveness in shipping coal, sugar, fertilizers, logs, alumina in the Pacific-Oceania route.The Tramper Atlantic Business includes cargoes of grain, sugar, steel, fertilizer, iron scrap, pet coke, etc. being shipped to various ports of South America, Europe and Africa. The Tramper Atlantic Business is a main player within the Europe shipping market, achieving COAs with major shippers. In 2010 and 2017, the Tramper Atlantic Business pioneered the emerging market, by signing 25 year COAs with the Brazilian wood pulp manufacturer FIBRIA. Due to the long-term partnership with Brazilian steel mills, Tramper Atlantic Business transports 90% of the Brazilian steel shipped to Asia.Pan Ocean Tramper Business will sustain a stable profit by securing low cost fleets and long term COAs, and aim to develop further growth oriented business models such as the South America grain market and the Africa mineral market.

The Tramper business transports dry bulk cargo via worldwide routes to satisfy customers’ requested route and itinerary. The shipped cargo includes the three major cargoes of iron ore, coal, grain, as well as sugar, logs, minerals, and scrap iron. iron ore and coal are shipped by large bulk carriers (Cape/panamax), while the other various cargoes are shipped by vessels sized under ultramax. all voyages are strictly operated under the international safety protocol.

Tramper

Service Routes

Major Cargo

·Iron ore

·Wood pulp

·Coal

·Grain

·Sugar

·Log (Lumber)

·Scrap iron

Business Overview

Lithuania

Ukraine/Turkey

Jordan

Egypt

Saudi Arabia /Syria

South Africa

Mozambique

Tanzania

Indonesia

Hong Kong

U.S.A.

Mexico

Guatemala

Peru

Philippines

Brazil

Uruguay

Argentina

Chile

Malaysia

Singapore

Kuwait / Bahrain /Oman / Qatar / U.A.E.

Kenya

Russia

Sri Lanka

India

JapanCanada

Virgin Islands, U.S.A.

Venezuela

U.S.A.

Colombia

Korea

Taiwan

China

Vietnam

France

Belgium

Italy

Algeria

Tunisia

Ghana

Pakistan

Togo

Nigeria

Gabon

Angola

Greece

Thailand

Spain

Australia

New Zealand

Nauru

Morocco

Iran

Bangladesh

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Through the large bulker service, we mainly transport grain from America/Australia/South America to Asia, and coal from Australia/Indonesia/South Africa/Colombia and iron ore from Brazil/Australia to Asia and Europe. To strengthen our business competitiveness, we are striving to expand the service coverage around the world.Major customers in the panamax service are domestic and overseas steel makers and power generation companies (KEPCO, POSCO, SAIL, COAL & OIL, TPC, TNBF), Japanese trading companies (MARUBENI, ITOCHU, MITSUI, MITSUBISHI), and grain traders (ZENNOH, ADMI, WILMAR). We operate over 50 vessels including 13 owned vessels to deliver cargoes in an efficient and reliable manner. We are also operating three exclusive vessels for KEPCO and executing a long-term carriage contract with India’s COAL & OIL GROUP and Malaysia’s TNBF, which contribute to securing profitability in the long run.Our capesize service contributes to the growth of global economy by stably supplying raw materials with a fleet of over 50 vessels including 28 owned vessels based on long-term carriage contracts with renowned steel makers, power generation companies, and mining companies such as POSCO, KEPCO, HYUNDAI STEEL, VALE, BAOSTEEL, HEBEI, and SHAGANG. Particularly, 8 VLOCs are assigned to the long-term contract with Brazil’s VALE and 10 capesize bulkers are operated exclusively for POSCO, KEPCO, and HYUNDAI STEEL. We will continue to promote fleet expansion and diversification to deliver the highest standard of shipping services to customers.

The large bulker service is pan ocean’s core business that transports dry bulk cargoes including grain, coal, and iron ore from major producers to consumers throughout the world by using panamax and capesize class bulkers with more than 60,000 tons and VloCs (very large ore carrier).

Large Bulker Major Cargo

·Grain

·Coal

·Iron ore

·Minerals

Service Routes

Business Overview

Russia

Saudi Arabia

Indonesia

U.S.A.

Mexico

Peru

Brazil

Venezuela

Colombia

Argentina

Uruguay

Malaysia

Egypt

India

Turkey

JapanCanada

Korea

Taiwan

China

Netherland / Belgium

Finland

Mozambique

South Africa

Congo

Australia

U.K.

France

Spain

Morocco

Mauritania

Germany

Sri Lanka

Italy

Croatia

Chile

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Our tanker service, which boasts the largest fleet of medium range (MR) tankers in Korea, provides on-time delivery of various petrochemicals and palm oils that customers want. With this competitive edge and a solid partnership with leading global oil refineries and traders, Pan Ocean is fortifying its presence as Korea’s leading tanker service provider.We transport crude oil, naphtha, gasoline, diesel, kerosene, jet fuel, and heavy oil for power generation through MR tankers, and petrochemicals such as benzene, toluene, xylene, base oil, and caustic soda through chemical tankers. Major routes in this service cover the Middle East to Asia, Far East to Southeast Asia, and Southeast to Oceania. Worldwide service is also available.We are operating 10 MR tankers, 8 Chemical tankers, and an Aframax tanker and will continue to expand the fleet to maximize our global competitiveness. Moreover, we have a plan to extend the route for transporting edible oil to U.S West Coast and South America in the near future.Major customers in the tanker service include not only global oil majors such as SHELL, BP, EXXON, CHEVRON, and TOTAL but also renowned oil traders such as VITOL, TRAFIGURA, MERCURIA, etc. We are also providing differentiated tanker service on the basis of long-term contacts with Korea’s S-OIL, Russia’s LUKOIL, world’s largest palm oil trader WILMAR, Oman’s state-run oil corporation OTI, Japan’s trading corporation MITSUBISHI, and Korea’s food majors such as NONGSHIM, OTTOGI, SAMYANG CORPORATION, CJ, and LOTTE GROUP.

pan ocean provides high-quality tanker service that satisfies stricter international regulations on oil transportation based on accumulated knowhow in marine transportation service.

Tanker Major Cargo

·Petroleum products (gasoline, diesel, jet oil, etc.)

·Oil & fats (palm oil products, coconut oil, etc.)

·Chemicals (BTX, MTBE, CSS, etc.)

Business Overview

Service Routes

Germany

Russia

SaudiArabia Indonesia

Bangladesh

U.S.A.

Mexico

Costa Rica

Philippines

Brazil

Argentina

Panama

Chile

Malaysia

Singapore New Zealand

Kuwait / Iraq /Qatar / U.A.E.

Pakistan

Maldives

India

JapanCanada

Canada

Alaska

Fiji

AmericanSamoa

U.S.A.

U.S.A.

Korea

Taiwan

China

Hong Kong

Vietnam

Netherlands

Mozambique

South Africa

Tanzania

Kenya

Thailand Australia

Papua New Guinea

Oman

Iran

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Our gas carrier service started in October 2005 when we were selected as a contractor for the KOGAS LNG transportation project.Requiring huge initial investments and considerable expertise, this business has a high entrance barrier. Instead, success in market entrance ensures stable and long-term business operation.Pan Ocean has been operating an LNG carrier named “LNG KOLT” with a capacity of 153,000 cubic meters, which was delivered at the end of December 2008, for the KOGAS LNG transportation project. The LNG KOLT transports about 1,500,000 cubic meters of LNG every year from major ports of Yemen, Qatar, Oman, and Australia to the domestic LNG terminals.Pan Ocean aims to expand its gas carrier service on the basis of accumulated LNG transportation experience and ship maintenance knowhow. Action plans for this plan include building operative relations with domestic and overseas customers and shippers, participating in more LNG transportation projects, and expanding the fleet.We will also make a foray into LNG Bunkering business, small-scale LNG carrier service, and other gas carrier services to secure future growth engines.

in the gas carrier service that requires high technical skills and expertise, pan ocean has successfully participated in the lNG import project of koGaS since the end of 2008.

Gas Carrier Major Cargo

·Liquefied natural gas (LNG)

Service Routes

Business Overview

KoreaYemen (Balhaf)

Oman (Qalhat)

Qatar (Ras Laffan)

Australia (Gladstone)

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In 2009, Pan Ocean began its heavy-lift service which is recognized as high value-added business and performed its first milestone voyage from China to Myanmar. We successfully completed the long-term contracts at 2015 “Panama Canal Expansion Project” awarded from Geodis Wilson Italy and also successfully completed from 2015 to 2016 “Ichthys Onshore LNG Project” awarded from JGC at 2015 and also successfully completed at 2016 “Yamal LNG Project” for 2 voyages awarded from Technip France with the semi-submersible vessels “Sun Shine and Sun Rise”. These remarkable projects helped prove our sophisticated engineering capacity and capability.Today we are providing heavy-lift transport service to leading international and domestic EPC (Engineering, Procurement & Construction) companies for various routes and continuously trying to expand our service area and scope.Pan Ocean is operating 2 semi-submersible vessels which has capacity over than 1,000 mt cargoes and 1 multi-purpose heavy lift vessel and set up amicable business network with internal/external major construction companies and also with major forwarding companies. Pan Ocean aims to develop into a top leading global heavy-lift carrier on its proven engineering capability and reliable project management expertise.

pan ocean is the only korean shipping company which operates both semi-submersible vessels and geared heavy-lift vessels and thus provides integrated heavy-lift transport solutions meeting various customer needs.

Heavy Lift Vessel

Major Cargo

·Project cargo including large equipment, facilities, devices, etc.

·Tug boats, drill ships, barges, offshore platforms, etc.

Service Routes

Business Overview

SaudiArabia

U.A.E.

Indonesia

Brunei Darussalam

Philippines

Malaysia

Singapore

Myanmar

Pakistan

Vietnam

India

Sri Lanka

Japan

Iraq

Korea

Taiwan

China

Hong Kong

Angola

Thailand

Kuwait/Bahrain/Qatar

Oman

Australia

U.S.A.

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Since the launch of routes between Korea and Japan in 1973 and Korea and China in 1994, Pan Ocean has established a solid position as a coastal carrier in the container service market. As of April 2017, we are operating six containerships in 20 routes connecting Korea, Japan, China and South East Asia (Vietnam, Philippines).Pan Ocean plans to restart its container service in the routes of Southeast Asia including Vietnam and Thailand where the economy is rapidly growing by capitalizing on previous service experiences in Southeast Asia, the Middle East, and Australia. To this end, we are making a concerted effort to enhance service competitiveness and marketing activities with new establishments of an IT system named EasyCon and an independent CRM system.Our container service is committed to fleet expansion, efficient fleet operation, and punctual scheduled operation. We also spare no efforts for developing new routes and reinforcing our global network services to actively respond to customers’ diverse demands.By fulfilling these commitments and plans, we will leapfrog into an Intra-Asia leading carrier.

pan ocean’s container service focuses on the routes among korea, Japan, and China, and extends the coverage to hong kong, South China and SE asia (Vietnam, philippines) area. We will provide customers with extensive and competitive services through leveraging our specialized shipping knowhow and continuing investments in the fleet.

Container Major Cargo

·All loadable cargoes

Service Routes

Business Overview

Osaka

Kobe

Yokkaichi

Nagoya

Daesan

Kwangyang

Busan

Qingdao

TianjinDalian

Incheon

ShanghaiHuangpu Ningbo

Shantou

Hong Kong

Shekou

Manila

Ho Chi Minh

Haiphong

Tokyo

Yokohama

Laem chabang

Bangkok

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Pan Ocean launched the agri trading & logistics department in July 2015, and established its U.S. subsidiary in the following month of August, to commence full-fledged agri trading business.This new business will provide a momentum for expanding our reach into trading and logistics sectors beyond shipping services. We successfully inaugurated the agri trading business by selling more than 1.2million tons of corn, soybean, and palm kernel expeller within 1 year of launching an exclusive organization. We also attained another prominent result by surging beyond Korea and penetrating into the Chinese market in a relatively short period of time.Our entrance into the agri trading business has a significant meaning on a national level, as over 85% of domestic grain consumption relies on imports. Particularly, the rate of dependence on imports of wheat, corn, and soybean, with an exception of rice, amounts to 97%. This unfavorable condition is mainly attributable to the absence of national grain traders. Therefore, our agri trading business will become a future growth engine that can correlate to government’s food security policies.To accelerate the agri trading business, Pan Ocean will focus on not only broadening the trading items to Wheat, Soybean Meal, Rice, Dried Distiller’s Grains, and so on but bolstering its worldwide trading routes by utilizing our global network. By doing so, we plan to trade more than 5.7 million tons of grain by 2020.

pan ocean’s newest venture into the agri trading business aims to create a new corporate value by integrating its shipping and trading experiences, combined with the parent company harim Group’s demand for stable grain supply and its know-how as a heavy buyer of grain.


Main Commodities

·Corn

·Soybean

·Palm kernel expeller

·Wheat

·Soybean meal

Service Routes

Business Overview

Russia

Romania

Bulgaria

Indonesia

Thailand

U.S. East Coast

U.S. PNW

Brazil

Argentina

Uruguay

Paraguay

UkraineKorea

Taiwan

China

France

U.K.

Germany

Vietnam

Philippines

Malaysia

U.S. Gulf

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APPENDIX

C R E A T I N G&

D E L I V E R I N GV A L U E

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Fleet List

Global Network

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Sales Breakdown in 2016(consolidated basis)

Sales(consolidated basis, USD in millions)

Net Profit(consolidated basis, USD in millions)



Large bulker

Others

Tramper

Agri trading & logistics

36.2%

4.0%

21.1%

12.5%

Breakbulk liner

7.3%

Container

8.5%

Tanker

9.3%

Gas carrier/heavy lift vessel

1.1%

USD

1,617 million

2015

34

2016

83

2015

1,605

2016

1,617

46

Fleet List

DRY BULK CARRIER

APPENDIX

(As of April 24, 2017)

NO. TYPE SHIP NAME SIZE (DWT) BUILT AGE

1 Handy PAN HARMONY 32,453 2010 6.9 2 Handy PAN JASMINE 32,598 2010 6.4 3 Handy PAN IVY 32,599 2010 6.6 4 Handy PAN EDELWEISS 32,949 2009 7.5 5 Handy PAN DAISY 32,949 2009 8.1 6 Handy PAN GLORIS 32,975 2010 7.2 7 Handy PAN KRISTINE 33,303 2011 5.7 8 Handy PAN BONITA 38,219 2012 4.9 9 Handy PAN AMBER 38,220 2012 5.2 10 H'max PAN SPIRIT 56,891 2011 5.5 11 H'max PAN PRIDE 56,908 2011 6.0 12 H'max PAN RAPIDO 56,915 2011 5.8 13 H'max PAN QUEEN 56,933 2011 5.9 14 H'max PAN CROCUS 57,269 2009 7.9 15 H'max PAN BEGONIA 57,307 2009 8.0 16 H'max (OHGCC) HALOPHYLA 57,440 2013 3.5 17 H'max (OHGCC) CITRIODORA 57,440 2013 4.1 18 H'max (OHGCC) DELICATA 57,441 2013 4.0 19 H'max (OHGCC) BRASSIANA 57,536 2012 4.4 20 H'max (OHGCC) ARBORELLA 57,540 2012 4.6 21 P'max NEW HERALD 72,875 1997 19.6 22 P'max PAN VIVA 75,026 2010 6.5 23 P'max PAN KYLA 79,454 2012 5.2 24 K'max PAN ENERGEN 81,170 2012 5.1 25 K'max PAN CLOVER 81,177 2012 4.9 26 K'max PAN MUTIARA 81,177 2011 5.4 27 K'max PAN BICORN 82,158 2012 4.8 28 K'max PAN CERES 82,158 2013 4.4 29 K'max PAN FLOWER 82,687 2012 4.5 30 K'max PAN UNITY 82,709 2012 4.7 31 K'max PAN HORIZON 82,748 2013 4.3 32 K'max PAN GLOBAL 82,766 2012 4.4 33 K'max PAN TOPAZ 82,787 2012 5.1 34 Cape OCEAN MASTER 148,723 1995 22.0 35 Cape NEW JOY 149,297 1998 18.7 36 Cape PAN KOMIPO 149,989 2016 0.5 37 Cape PAN DANGJIN 149,733 2017 0.1 38 Cape PAN EMERALD 174,964 2012 5.0 39 Cape PAN FREEDOM 174,977 2012 4.9 40 Cape PAN JOY 174,993 2012 5.1 41 Cape PAN IRIS 175,010 2012 5.2 42 Cape PAN HOPE 175,021 2011 5.4 43 Cape PAN DREAM 175,044 2011 6.1 44 Cape PAN GOLD 175,088 2011 5.6 45 Cape PAN BONA 175,133 2011 6.3 46 Cape PAN ACACIA 175,141 2010 6.5 47 Cape PAN CHAMPION 175,293 2010 6.7 48 Cape PAN ADVANCE 179,185 2009 7.5 49 Cape PAN MARGARET 180,705 2013 4.2 50 Cape SUN ORCHID 180,717 2010 6.6 51 Cape PAN FREESIA 180,736 2009 7.8 52 Cape PAN COSMOS 208,329 2016 0.5 53 Cape PAN DELIGHT 208,384 2016 0.3 54 VLOC SEA ESPIRITO SANTO 403,627 2012 4.6 55 VLOC SEA INDONESIA 403,727 2012 4.5 56 VLOC SEA TUBARAO 403,784 2013 4.2 57 VLOC SEA FUJIYAMA 403,811 2012 4.4 58 VLOC SEA MARANHAO 403,844 2013 3.7 59 VLOC SEA QINGDAO 403,880 2012 5.0 60 VLOC SEA BEIJING 404,389 2011 5.6 61 VLOC SEA PONTA DA MADEIRA 403,508 2016 0.6

47


1 Chemical SUPER FORTE 12,814 2010 7.3

2 Chemical SUPER EASTERN 12,824 2009 7.6

3 Chemical SUPER HERO 14,984 2009 7.7

4 Chemical SUPER INFINITY 15,004 2009 7.7

5 Chemical BUM SHIN 19,997 2003 13.7

6 Chemical BUM YOUNG 19,997 2004 13.2

7 MR GRAND ACE7 46,140 2007 9.4

8 MR GRAND ACE10 46,159 2008 9.1

9 MR GRAND ACE2 46,161 2006 11.1

10 MR GRAND ACE1 46,176 2006 11.2

11 MR GRAND ACE5 46,176 2006 10.4

12 MR GRAND ACE8 46,177 2008 9.2

13 MR GRAND ACE12 46,188 2008 8.6

14 MR GRAND ACE6 46,192 2007 10.2

15 MR GRAND ACE11 46,195 2008 8.9

16 MR GRAND ACE9 46,195 2008 9.1

TANKER


1 700 TEU POS YOKOHAMA 10,279 1998 18.8

2 700 TEU POS TOKYO 10,299 1997 20.1

CONTAINERSHIP


1 MEMBRANE LNG KOLT 86,778 2008 7.3

GAS CARRIER


1 148X48 M SUN SHINE 16,716 2008 8.3

2 132X44 M SUN RISE 24,172 2012 4.5

HEAVY LIFT VESSEL


NO. TYPE SHIP NAME SIZE (DWT) DELIVERY KIND

1 H'max (OHGCC) TBN 1 62,000 2018 12 BULKER





ON ORDER SHIP

48

Busan

Seoul

Tokyo

Shanghai

Dalian Tianjin

Qingdao

Singapore

Melbourne

GlobalNetwork

Seoul head officeAddress: Tower8, 7, Jong-ro 5-gil, Jongno-gu, Seoul, Korea, 03157Tel.: 82-2-316-5114Fax.: 82-2-316-5296

busan branchAddress: 102, Jungang-daero, Jung-gu, Busan, Korea, 48938Tel.: 82-51-400-2000 Fax.: 82-51-400-2090

pan ocean (america), inc.Address: 55 Challenger Rd., Suite 500, Ridgefield Park, NJ 07660, U.S.A.Tel.: 1-201-234-4477Fax.: 1-551-245-8817

pan ocean Singapore bulk Carrier pte. ltd.Address: 20 Anson Road, #12-02 Singapore 079912Tel.: 65-6461-6210 Fax.: 65-6461-6219

pan ocean (China) Co., ltd.Address: Room 2004, Zhongrong Hengrui Int’l Plaza West Bldg, 560 Zhangyang

Road, Pudong District, Shanghai, China. Postal Code : 200122Tel.: 86-21-6164-1161 Fax.: 86-21-6170-0169

pan ocean (China) Co., ltd. Qingdao branchAddress: Room 2601, Huayin Plaza, 5 Donghai West Road, Qingdao, China.

Postal Code : 266071Tel.: 86-532-8197-8668 Fax.: 86-532-8388-9370

APPENDIX

49

Domestic

Overseas subsidiary

Overseas branch

Portland

Sao Paulo

New Jersey

pan ocean (China) Co., ltd. Tianjin branchAddress: Room 1004, The Exchange North Tower, 189 Nanjing Road, Heping

District, Tianjin, China. Postal Code : 300051Tel.: 86-22-2313-9793 Fax.: 86-22-2313-9794

pan ocean (China) Co., ltd. Dalian branchAddress: 16th Floor, Guoyun Building, 85 Renmin Road, Zhongshan District,

Dalian, China. Postal Code : 116000Tel.: 86-411-8279-8816

pan ocean Japan CorporationAddress: 4 Floor, Nishi Shimbashi Home Bldg, 1-12-10, Nishi Shiｍbashi,

Minato-ku, Tokyo, Japan Tel.: 81-3-5510-1321 Fax.: 81-3-5510-1336

pan ocean brasil apoio maritimo ltda.Address: Alameda Joaquim Eugenio De Lima, 680, Room 172, 17th Floor,

Jardim Paulista, Sao Paulo, BrazilTel.: 55-11-3542-3981/3993Fax.: 55-11-3542-3986

portland office of pan ocean Co., ltd.Address: 2140 SW Jefferson Street, Suite 350, PORTLAND, OR, 97201Tel.: 1-503-208-3383 Fax.: 1-503-841-5348

melbourne office of pan ocean Co., ltd.Address: Suite 408, 1 Queens Road Melbourne 3004 VIC, AUST Tel.: 61-3-9863-8450Fax.: 61-3-9863-8452


Address: Tower8, 7, Jong-ro 5-gil, Jongno-gu, Seoul, Korea, 03157 Tel.: 82-2-316-5114Fax.: 82-2-316-5296

global no.1 shipping company - pan ocean - 팬오션 profile_eng.pdf · as a global shipping...

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