Pan Ocean Set to Order Five Open Hatch Carriers

South Korean shipping company Pan Ocean has decided to order five open hatch wood chip carriers as the company secured a long-term shipping deal with Brazil-based pulp and paper firm Fibria.

In a stock exchange filing, Pan Ocean said that it would spend up to KRW 165.4 billion (USD 146.6 million) for the newbuildings contract.

Although the details of the order were not unveiled, the company informed that the construction of the new ships would start in late December 2018 and be finalized in September 2020.

The KRW 719.6 billion shipping deal signed between the parties would see Pan Ocean provide its services to Fibria over a period of a minimum of 15 years.

The transportation deal, set to come into force in February 2019, is scheduled to last until March 2035.

Pan Ocean added that the parties have an option to extend the shipping deal by up to 10 years.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >