Corporate Information

Polaris Shipping, which solved the governance problem with funds raised from Meritz Securities last year, is drawing attention as it declared a major leap forward in 2025.

Polaris Shipping held "Quantum Leap 2025" on January 9 with full-time employees attending, sharing its 2025 business plan and pledging its mission, vision and core values for the company's leap forward. In addition, Jeon Byung-so, director of the China Economic and Financial Research Institute, was invited as a lecturer to share strategies and information to cope with China's rapidly changing market, including this year's economic outlook and countermeasures.

An official from Polaris Shipping said, "Polaris Shipping's mission is to contribute to society through constant challenges based on creative innovation, honesty, and trust, with customer satisfaction as the top priority. We have organized this event with the aim of all executives and employees working together to realize this mission."

In 2025, Polaris Shipping decided to introduce PIAS systems in earnest as a key task to promote business innovation by increasing work efficiency and maximizing customer service, while establishing new mid- to long-term charter fleets and expanding mid- to large-sized bulk carrier spot businesses.

In addition, ESG management will be strengthened by expanding environmental organizations and energy-saving activities, managing compliance risks, and establishing sustainable management strategies, and executives and employees will actively participate in volunteer programs to strengthen community contribution and social contribution.

Meanwhile, Polaris Shipping successfully completed financing by raising funds for repayment of loans from Meritz Securities at the end of September last year. Through this, the governance issue was resolved by repaying all the funds borrowed from parent company Polar E&M and financial investors (FI) and simplifying the borrowing structure.

Polaris Shipping said, "This financing is expected to reduce annual financial costs by lowering interest rates. In addition, above all, we have escaped the crisis of the sale of management rights and secured a stable financial structure."