Pan Ocean Signs Long-Term Charter Contract for One LNG Carrier Worth 378 Billion KRW

[Asia Economy Reporter Myunghwan Lee] Pan Ocean announced on the 7th that it has signed a long-term charter contract for one LNG carrier with Korea Green LNG.

The contract amount is 377.973 billion KRW, which corresponds to 8.2% of recent sales. The contract period is from December 24, 2024, to December 23, 2036.

The company explained, "The basic contract period is 12 years, and the contracting party has the option to extend the contract twice, each time for 4 years."