ESG

ESG
MANAGEMENT

Pan Ocean will solidify its position as a global leading shipping and logistics company
by enhancing corporate and shareholder value based on transparent management.

ENVIRONMENTAL

Investment in Green Vessels

Introducing Advanced Green Systems

Applying Rotor Sail Systems

We actively employ vessel energy saving technologies to improve the efficiency of vessel operations and environmental impact management. We were the first in Korea to introduce a Rotor Sail System (RTS) to VLOC(very large ore carrier). The RTS is an environmentally-friendly auxiliary propulsion system that is powered by the winds to spin vertical cylinders to supply auxiliary thrust. This helps save fuel and reduce carbon dioxide emissions.

In addition to the RTS, POS SM signed a joint research agreement to develop new technologies in response to environmental regulations with the Korean Register, under which we are developing air lubrication systems to reduce hull frictional resistance and save energy. With this research project, we plan to analyze actual vessel operation data to verify the effectiveness of energy saving systems and establish measures to maximize them.

  • SEA-ZHOUSHAN applied with the RTS
  • Joint research signing ceremony for new technology development for response to environmental regulations

System for Optimization of Vessel Operations

We have own IT system to collect and manage vessel-specific basic data including vessel location, speed, route, and fuel oil consumption. We monitor these data through onboard data collection devices and reports and use them to define an economic speed and operate vessels accordingly. We also monitor key factors that influence the operational efficiency of vessels such as travel speed, fuel oil consumption, and weather conditions to optimize energy consumption and routes. We develop and use advanced information technologies to manage and analyse big data from vessels, efficiently preparing for the Fourth Industrial Revolution.

Green Recycling

Pan Ocean complies with ship recycling regulations. The Inventory of Hazardous Materials (IHM) for ships operated by Pan Ocean are all recorded and stored on board. The IHM can ensure the health and safety of workers and prevent environmental pollution during the ship breaking process.
In order to prevent any possibility of non-eco-friendly ship scrapping, we established a policy to promote ship recycling by selecting only the yards that are certified by the class in accordance with The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.
Pan Ocean is making great efforts to protect the marine environment and workers' human rights by reviewing and implementing the safest and most eco-friendly ship recycling policy.