Pan Ocean lines up LNG fleet expansion
The shipping line has recently placed orders worth over $550m for three LNG carriers, two of which are expected to go on charter with Shell. These mark its first major investment in LNG shipping
South Korea’s Pan Ocean has also set its sights on LNG bunkering and small-scale LNG businesses. The company, which currently is still heavily focused on dry bulkers and oil tankers, hopes to expand into the burgeoning new LNG segment by building on experience gained from operating its sole LNG carrier
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