Pan Ocean



Financial Information

Major Financial Status

(In millions of US$)

Major Financial Status
Year Sales Operating profit Net profit Return on equity Debt to equity
2013 2,447 -201 -1,761 1) N/M 1926% 2)
2014 1,564 204 749 98.33% 220%
2015 1,605 196 34 2.02% 77%
2016 1,617 145 83 3.94% 69%
  • 1) The reason that Net profit had decreased rapidly in 2013
  •     - Indemnification for Damage in accordance with cancelling long-term charter : About (-) U$ 1.7 bil.
  •     - Appraisal loss of vessels (Difference between future value compared to book value) : About (-) U$ 0.2 bil.
  • 2) Unconfirmed claim is included in Debt, accordingly debt ratio is exaggerated
Sales Composition in 2016
Sales Composition
in 2016
Large bulk Tramper Breakbulk Container Tanker/LNG Heavy Lift Agri Trading other
Total US$1,617 million 36.2 21.1 7.3 8.5 9.3 1.1 12.5 4

(%)

Sales(in millions of US$)
  • 2011 5,177
  • 2010 5,593
  • 2009 3,637
  • 2008 9,289
Operating profit(in millions of US$)
  • 2011 -19
  • 2010 -92
  • 2009 99
  • 2008 617
Net profit(in millions of US$)
  • 2011 -
  • 2010 70
  • 2009 -62
  • 2008 494
Return on equity(%)
  • 2011 -
  • 2010 3.3
  • 2009 -2.9
  • 2008 24.4
Debt to equity(%)
  • 2011 -
  • 2010 146.6
  • 2009 116.3
  • 2008 70.9
Sales of 2011(%)
  • Large bulk 57.6
  • Tramper 25.1
  • Breakbulk 8.0
  • Container 0.6
  • Tanker 7.6
  • Car carrier -
  • LNG service 1.1
  • Others -
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