About Pan Ocean
Pan Ocean Co., Ltd., founded in 1966 and headquartered in Seoul, is a leading South Korean shipping and logistics company and a subsidiary of Harim Holdings. As of 2025, Pan Ocean operates a diverse fleet of 290 vessels, including bulk carriers, container ships, tankers, LNG carriers, and heavy-lift vessels, serving major global routes across Asia, the Middle East, and beyond.
The company is a dominant force in dry bulk shipping, managing 247 bulk carriers—46 of which are Capesize or larger—and recently secured long-term iron ore transport contracts with Hyundai Glovis and Vale worth over US$340 million, further cementing its position in the sector. In addition to its dry bulk focus, Pan Ocean has expanded into container shipping, break bulk, tanker services, and logistics for agricultural products. Financially, the company reported robust growth in 2024, with Q4 sales rising 63% year-on-year to KRW 1.68 trillion and operating profit up nearly 60%.
Pan Ocean continues to invest in fleet modernization and sustainability, exemplified by its June 2025 order for two eco-friendly VLCCs from HD Hyundai Heavy Industries and ongoing deliveries of LNG carriers and Ultramax newbuilds. With a workforce of over 1,000 employees and a strong commitment to innovation, operational excellence, and environmental responsibility, Pan Ocean remains a key player in the global maritime industry.