Pan Ocean Bulk Carriers was formed in May 1966. Government-led shipping rationalisation brought mergers with Global Shipping, Sam Ick or Samick Lines, Bowoon and, in one account, Sammi, with the Pan Ocean Shipping name effective from 1 April 1984. Other acquisitions or affiliations included Global Enterprise, Heung-A, Dae Yang and Boyang, the latter’s precise identity uncertain. The company emerged from receivership in May 2002. STX Shipbuilding became principal shareholder in 2004 and the name changed to STX Pan Ocean, also styled STX PanOcean.
South Korea, Seoul.
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