Pan Ocean

Restructured South Korean shipowner and operator (previously STX Pan Ocean) Pan Ocean has been trying to sell its oldest capesize bulk carrier for demolition. Pan Ocean wants to scrap 1998 built capesize bulk carrier 149K DWT MV New Joy. Currently, Pan Ocean is anticipated to earn around $5 million from MV New Joy demolition. 8-June-2020

Restructured South Korean shipowner and operator (previously STX Pan Ocean) Pan Ocean has reported net earnings of $83 million in 2016 comparing to $34 million in 2015. STX Pan Ocean was taken over by the Korean Harim Group in May 2015. Furthermore, after restructuring the Pan Ocean process, Pan Ocean bought dry bulk carriers from former Hanjin Shipping for $42 million in total. Pan Ocean has also ordered seven (7) newbuilding bulk carriers at Singapore-listed Yangzijiang Shipbuilding. 3-April-2017