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Five Ocean Corporation is a dry bulk
shipping company for worldwide routes.
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History
2023
- Dec, 31Turnover reached US$284 Million
2022
- Dec, 31Turnover reached US$270 Million
2019
- Dec, 31Turnover reached US$165 Million
- Mar, 08Concluded 1-year COA with POSCO for Iron Ore Shipment of 1.5 Million Tons
- Feb, 20Concluded 1-year COA with POSCO Terminal for Coal Shipment of 800,000 Tons
- Jan, 31Secured US$ 20 Million of shipping finance from KAMCO
- Jan, 22Purchased M/V F. FORTUNE (Capesize, 173,000MT)
2017
- Dec, 01Acquired 10-year COA with Korea South East Power Co., Ltd
(KOSEP)
for Bituminous Coal Shipment from RICs Shipping Co., Ltd
(Total Sales US$ 150 Million) (Dec 2016 – Nov 2026)
- Nov, 30Merged with RICs Shipping Co., Ltd
2016
- Dec, 12Secured US$ 30 Million of shipping finance from KAMCO
- Nov, 30Purchased M/V F. SUN (Capesize, DWT 179,185MT)
2015
- Nov, 11Secured US$ 34 Million of shipping finance from KAMCO
2013
- Sep, 09Concluded 10-year COA with Korea Western Power Co., Ltd (EWP)
for Bituminous Coal Shipment (Total Sales US$ 100 Million) (Nov 2016 – Oct 2026)
- Jun, 28Purchased M/V F. STAR (Post-Panamax, DWT 87,996MT)
- Apr, 22Concluded 10-year COA for with KOSEP for Bituminous Coal
Shipment
(Total Sales US$ 150 Million) (Dec 2016 – Nov 2026)
- Jan, 03Signed 10-year COA extension with Korea South East Power Co.,
Ltd
(KOSEP) for Bituminous Coal Shipment (Total Sales US$ 100 Million)
(Jun 2013 – May 2023)
2012
- Nov, 12Registered as ISM Company (by Ministry of Maritime Affairs and Fisheries)
- Feb, 21Obtained ISM Code Certificate (KR) (Korea, Panama)
2011
- Feb, 22Purchased M/V RICSEA (Post-Panamax, DWT 93,248MT)
- Jan, 05Won the 1st Bid for Material Shipment of POSCO
- Jan, 03Nominated as Material Shipment Provider for POSCO
2010
- Sep, 16Purchased M/V RICSKY (Handymax, DWT 42,055MT)
- Aug, 05Concluded COA (15 years) with Korea Midland Power Co., Ltd
(KOMIPO)
for Bituminous Coal Shipment (Total Sales US$ 200 Million) (Aug 2010 – Aug 2025)
2009
- Jun, 01Purchased M/V RICSUN (Capesize, DWT 145,498MT)
- May, 20Purchased M/V RICSTAR (Panamax, DWT 68,676MT)
2008
- Dec, 30Turnover reached US$120 Million
2007
- Dec, 31Turnover reached US$115 Million
- Dec, 27Concluded COA (5 years) with Korea South East Power Co., Ltd (KOSEP)
for Bituminous Coal Shipment (Total Sales US$ 85 Million) (Feb 2008 – Jan 2013)
- Dec, 24Registered Shipping Agency
- Dec, 18Registered Membership of BIMCO
- Dec, 31Won the 1st Bid for Bituminous Coal Shipment by Korea Midland Power Co., Ltd (KOMIPO)
- Oct, 22Accepted as qualified for Public Bidding (KEPCO, Public Procurement Service/POSCO)
- Oct, 15Entered Korea Shipowner¡¯s Association (KSA)
- Aug, 20Registered as National Flag Carrier
- Apr, 10Purchased M/V SOYANG (Panamax, DWT 67,000MT)
2006
- Dec, 312006 Turnover reached US$ 53 Million
- Feb, 01Established Five Ocean Corporation