The company said operating profit in its core dry-bulk business held at about last year’s level as global uncertainty increased market volatility. Operating profit in its container business declined and was weaker overall due to falling freight rates.
Pan Ocean said its expanded non-bulk businesses helped offset the weakness. Operating profit in its liquefied natural gas business jumped 160% from a year earlier as it began generating full earnings after deliveries of newbuild vessels were completed. Its tanker business also posted solid profit growth in the 8% range, supported by favorable market conditions despite a smaller fleet after selling two aging ships.
For 2025, Pan Ocean reported consolidated revenue of 5.4329 trillion won, up 5.3% from the previous year, and operating profit of 491.9 billion won, up 4.4%. Compared with the prior quarter, revenue rose 16.3% and operating profit increased 4.2%.
To boost shareholder value, Pan Ocean said it set a consolidated dividend payout ratio of 26.6% and will raise the total dividend by 25% from a year earlier. The company said its board set last year’s dividend at 150 won per share and plans to include it in the agenda for approval of financial statements at its annual shareholders meeting scheduled for March 27.
Pan Ocean also disclosed new capital spending and acquisitions aimed at improving profitability. The company said it will build two new ships to expand its dry-bulk fleet and strengthen competitiveness, and will add 10 used very large crude carriers from SK Shipping linked to long-term cargo transport contracts.
“Despite continued external uncertainty, we were able to deliver solid results by building a stable business portfolio,” a Pan Ocean official said. The official said the company will keep strengthening its ability to respond to market changes and expand its portfolio to secure competitiveness and stable profitability.
* This article has been translated by AI.
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