Topic
pan ocean
Logistics Pan Ocean Confirms Two VLCC Newbuildings at Qingdao Beihai Shipyard
South Korean shipowner Pan Ocean has confirmed a pair of VLCC newbuildings at CSSC-controlled Qingdao Beihai Shipbuilding. The 319,000 dwt ammonia-ready vessels are scheduled for delivery in September 2030, priced around $122m each, according to market sources. This follows a single same-design VLCC ordered in March, bringing Pan Ocean's VLCC orderbook at the yard to three ships.
Logistics Pan Ocean orders two more VLCCs as crude tanker expansion accelerates
South Korean shipowner Pan Ocean has ordered two more very large crude carriers (VLCCs), ammonia-ready and costing about $122m each, for delivery by September 2030. The move extends a series of investments that have reshaped its fleet, including a $525m order for four VLCCs at Hanwha Ocean and a $700m acquisition of 10 VLCCs from SK Shipping.
Logistics Pan Ocean Locks In $1.62B VLCC Newbuild Deal with SK Energy for 20-Year Crude Transport
Pan Ocean has secured a $1.62 billion, 20-year crude transport contract with SK Energy and SK Incheon Petrochem for four very large crude carrier (VLCC) newbuildings. The deal, running from 2029 to 2049, covers crude oil trades from the Middle East to South Korea, providing long-term employment for the tankers built at Hanwha Ocean. It marks Pan Ocean's continued expansion in the crude tanker segment, following its earlier $700 million acquisition of 10 VLCCs from SK Shipping.
Logistics Pan Ocean linked to four-VLCC order at Hanwha Ocean in $524m deal
Pan Ocean has been identified as the buyer behind a four-vessel VLCC order at Hanwha Ocean, valued at KRW800.1bn ($524m). The order follows a $700m VLCC acquisition from SK Shipping and highlights Pan Ocean's continued expansion into crude tanker shipping, complementing its core dry bulk operations.