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Pan Ocean and Korea Line Secure $123.6m Contracts with POSCO Flow for Steelmaking Raw Materials Transportation

Oct 04, 2026

Contract Type

contract

South KoreaTransportationLogistics

Description

Pan Ocean and Korea Line have secured long-term contracts from POSCO Flow worth KRW167.75bn, approximately $123.6m, to transport steelmaking raw materials to South Korea. Pan Ocean's contract is valued at $70.7m for shipments from Australia, while Korea Line's is worth $52.94m covering shipments from Australia, Canada, and Brazil.

Company Information

Company

Pan Ocean

Location

South Korea

About

Pan Ocean is a South Korean shipping company specializing in cargo transportation, particularly for bulk materials. It is controlled by Harim Group and plays a significant role in shipping iron ore and coal. The company is engaged in long-term contracts to transport raw materials to South Korea. Pan Ocean continues to expand its operations through strategic partnerships and contracts.

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