STX Pan Ocean Co., Ltd. Announces Resignation of Jong Bae Kim as Independent Director
July 17, 2013 at 02:33 am EDT
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STX Pan Ocean Co., Ltd. announced the resignation of Mr. Jong Bae Kim as Independent Director of the company with effect from July 16, 2013. Consequent upon his resignation as Director of the Company, Mr. Jong Bae Kim will cease to be Chairman of Audit Committee and a member of the Nominating Committee and Remuneration Committee respectively.
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. 
