STX Pan Ocean Co., Ltd. Announces Management Changes
June 05, 2013 at 02:24 pm EDT
Share
STX PAN OCEAN CO., LTD. announced that Mr. Chun Il Yu is appointed as a Chief Executive Officer of the company with effect from the date of the Board of Directors Meeting on 5 June 2013. Mr. Seon Ryung Bae, has ceased as a Chief Executive Officer of the company with effect from the date of the Board of Directors Meeting on 5 June 2013 due to personal matters.
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. 
