Pan Ocean Co., Ltd. Announces New Facilities Investment
January 25, 2019 at 09:49 am IST
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Pan Ocean Co., Ltd. announced new facilities investment. Specific object of investment is shipbuilding contract of two cape-size bulk carriers. The amount is to be invested of KRW 121,598,400,000. Purpose of investment is to secure vessels for long-term cargo contracts. Investment period is from September 30, 2020 to April 29, 2021.
Pan Ocean Co Ltd is a Korea-based company principally engaged in the provision of sea transportation services. The Company operates its business through two segments. The Shipping segment is engaged in the provision of sea transportation services using bulk carriers and non-bulk carriers. The bulk carriers include break bulk liners, trampers and large bulkers. The non-bulk carriers include tankers, containers, gas carriers and heavy lifters. This segment is engaged in the sea transportation of cargoes such as iron ores, coals, grains, containers, crude oil, crude oil, automobiles, liquefied natural gas (LNG), as well as special cargoes. In addition, this segment is engaged in the grain business, which purchases and sells grain to importers. The Other segment is involved of ship management business and leasing business.
PAN OCEAN CO., LTD. 
