Pan Ocean Signs Long-Term Charter Contract for LNG Bunkering Vessel Worth 62 Billion KRW

[Asia Economy Reporter Ji Yeon-jin] Pan Ocean announced on the 12th that it has signed a long-term charter contract worth 62.05601 billion KRW for an LNG bunkering vessel with the overseas energy company Shell NA LNG.

The contract amount is 62.05601 billion KRW, which corresponds to 2.49% of recent sales. The contract period is 6 years, and the counterparty has the option to extend the contract twice, each time for 1 year.