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STX Pan Ocean Co., Ltd.
STX Namsan Tower, 631 Namdaemunno 5-ga, Jung-gu, Seoul, Korea
May 28, 1966
Mr. Kang Duk Soo, Chairman & CEO
Mr. Lee Jong Chul, Vice Chairman & CEO
Mr. Kim Dae Yoo, President
 
US$ 133,995,000
US$ 5,818,719,000
Sea Transportation
Total 1,927(Shore: 646, Crew: 1,334)
64Ships
About 300Ships at any given time
 
(US $1000)
    2007   2006   2005
5,818,719,000
2,263,255
2,721,084
507,987,000
273,654
287,438
496,998,000
163,629
279,843
 
 
-Majority shareholder changed to STX Shipbuilding Co., Ltd.
-Renamed as STX Pan Ocean Co., Ltd. and announced ¡° the second
-start ¡±
 
 
 
-Carried total bulk cargo of 75 million tons and recorded total revenue -of USD 1.31 billion. Credit Banks agreed debt-equity-swap of KRW
-230billion (equivalent to USD177million) which effected of 1st Apr
-2002.
-Emerging from the court-receivership as from 21st May 2002
 
 
-Expanded breakbulk liner service to the area ranging from
-North/South Americaand Europe to Far East & South East Asia,
-carrying steel products.
-Acquired four modern Pure Car and Truck Carriers through new
-building eachwith a carrying capacity of 6,500 units, marking
-formal entry into the PCTC market.
 
 
-Renamed the company Pan Ocean Shipping Co. Ltd.(POSC) effective
-April 1, 1984.
-Merged with Global Shipping Company, Samick Lines and Bowoon
-ShippingCompany in line with the Korean government's policy
-guidelines designed torationalize oceangoing shipping industry.
-Established new breakbulk liner service from Indonesia and the other
-S.E. Asian countries to U.S.A., Europe, Far East and Middle East,
-carrying wood and steel products.
 
 
-Began breakbulk liner service carrying Korean export plywood & steel
-products to the U.S.A and Canada.
-Honored by the Korean government with the highly coveted
-achievement award for outstanding contributions to Korean industrial
-development every year consecutively through 1982.
 
 
-Awarded "LARGE-SCALE SHIPPING COMPANY" accreditation by the    -Korean government, a position of honor unparalleled in the Korean
-merchant   marine industry
-Total fleet tonnage grew by 700,000DWT of 20 vessels.
 
 
-Launched dry bulk tramper service
-Augmented tanker fleet with 9 product carriers aggregating
-54,200DWT
 
 
 
-Incorporation of Pan Ocean Bulk Carriers Ltd.(POBC)in May of 1966
-Purchased and began operation with 4 oil tankers of 54,000DWT each
-Placed a new building order for 324,000DWT class ULCC