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Pan Ocean bags US$115 mil time charter contract for LNG carrier

Jeffrey Tan
Jeffrey Tan12/30/2020 02:32 PM GMT+08  • 1 min read
Pan Ocean bags US$115 mil time charter contract for LNG carrier
The contract, which was signed with Galp Energia, E&P, will commence in February 2023 for a duration of five years.
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Pan Ocean, a Seoul-based shipping company, has clinched a time charter contract for one liquefied natural gas carrier worth US$115 million ($152.5 million).

The contract, which was signed with Galp Energia, E&P, will commence in February 2023 for a duration of five years.

Galp Energia has two extension options during the contract period that could see the total duration lengthened to 11 years


SEE:SATS sits as sector winner again; Pan Ocean recognised for profit growth

Shares of Pan Ocean were last traded at $4.29 on Dec 15.

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