Pan Ocean Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 01:31 am EDT
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Pan Ocean Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 610.789 million compared to USD 468.727 million a year ago. Operating income was USD 43.927 million compared to USD 31.724 million a year ago. Net income was USD 49.067 million compared to USD 18.164 million a year ago.
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. 
