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Third time-charter in the last 6 months

Shell-Pan Ocean strike new deal

by Port News Editorial Staff

Oil giant Shell is to charter an LNG bunkering vessel from the South Korean company. The two-year time charter agreement, worth $55 million, was signed yesterday.

The vessel will have a 18,000 cubic metre capacity and will be built by Hyundai Mipo Dockyard. It will be chartered from May 2023.

Over the last six months, Pan Ocean signed two more contracts with Shell for  chartering  a couple of LNG Carriers.

Translation by Giles Foster

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