Pan Ocean Co., Ltd. (028670) Price & Analysis

Operating globally through its various subsidiaries, Pan Ocean Co., Ltd. specializes in maritime transport and associated logistics solutions. Its comprehensive operations are structured across four primary divisions: Bulk Carrier, Container, Tanker, and various other specialized shipping services. The company's diverse activities include break-bulk liner services for items such as steel, timber, and heavy machinery, alongside tramp services for a wide array of dry bulk commodities like iron ore, coal, grains, sugar, and minerals. It also utilizes large bulk carriers for significant shipments of grain, coal, and iron ore, complemented by its general container transport solutions. Additionally, Pan Ocean offers extensive tanker services for liquid cargoes, including refined petroleum products such as gasoline, diesel, jet fuel, and heavy oils, as well as crude oil, palm oil, and petrochemicals like benzene and caustic soda. Beyond this, its specialized fleet encompasses liquefied natural gas (LNG) carriers, heavy-lift vessels for oversized equipment and industrial machinery, and a range of marine assets including tugboats, drill ships, and ocean platforms. The company also extends its operations into agricultural product trading and logistics, managing commodities such as corn, soybeans, and wheat. Established in 1966 and headquartered in Seoul, South Korea, the company adopted its current name, Pan Ocean Co., Ltd., in January 2014, having previously been known as STX Pan Ocean Co., Ltd. It currently operates as a subsidiary under Harim Holdings Co., Ltd.