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

Value Chain and the Environment

Environmental Impacts Across Pan Ocean’s Value Chain

Pan Ocean operates a global logistics network with a focus on maritime transportation, which may generate environmental impacts across the value chain. Improper management of general waste, food waste, oily waste, cargo residues, and plastic waste can result in marine and air pollution, the proliferation of microplastics, and threats to biodiversity. Recognizing the significance of these environmental risks, Pan Ocean complies with regulations established by the International Maritime Organization (IMO) and other domestic and international authorities to reduce its negative environmental impacts and protect marine ecosystems.

Greenhouse Gas

In an effort to reduce greenhouse gas emissions, the company is enhancing fuel efficiency and progressively increasing the share of low-carbon fuels in its overall fuel mix, including biofuels.

Air Pollutants

In order to mitigate air pollution from vessel operations, the company has installed emission control systems, including scrubbers, Selective Catalytic Reduction (SCR), and Exhaust Gas Recirculation (EGR), on a significant portion of its fleet. These technologies are aimed at reducing air pollutants generated during fuel combustion.

Marine Ecosystem

The company participates in voluntary vessel speed reduction programs at key domestic and international ports to reduce underwater noise and prevent collisions with large marine mammals such as whales.

Onshore Waste and Greenhouse Gas

Pan Ocean minimizes office waste and manages energy use to enhance efficiency.

Corporate Vehicles

To lower greenhouse gas emissions from combustion engine vehicles, rental cars are being transitioned to hybrid models.

Onboard Waste
General Waste & Food Waste

Domestic waste, food waste, and sewage are generated from residential areas onboard vessels. Pan Ocean ensures strict management and disposal of such waste in accordance with international regulations and internal waste management procedures, by transferring it to certified waste treatment providers after docking.

Oily Waste

Oily bilge water, which accumulates on the floor of the engine room, and sludge are generated during vessel operations. Bilge water is discharged into the sea after treatment through an onboard oilwater separator. Sludge, which is prohibited from ocean discharge, is either incinerated onboard or transported ashore for disposal.

Cargo Residues

Waste and cargo residues generated during loading and discharging operations are strictly assessed for their potential impact on the marine environment. Depending on the result, they are either delivered to waste management contractors or discharged into the sea in accordance with regulations.

Plastic Waste

The discharge of plastic waste including synthetic ropes, fishing nets, plastic bags, and ash from incinerated plastic materials is strictly prohibited in the marine environment.

Biodiversity

All Pan Ocean vessels are equipped with the Ballast Water Management Systems (BWMS) to prevent the spread of microorganisms through ballast water. In addition, anti-fouling paint is applied following hull surface cleaning to minimize biofouling.