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Five Ocean Corporation is a dry bulk
shipping company for worldwide routes.

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History

2019
  • 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