Entertainment

Pan Ocean behind pricey tanker order at Hyundai Mipo

Pan Ocean has been named as the owner of high-priced product tanker newbuilds at a competitor yard in South Korea.

Brokers at Clarksons have identified the Harim Group-controlled diversified owner of more than 100 ships behind the order for a 50,000 dwt quartet at HD Hyundai Mipo.

HD Korea Shipbuilding & Offshore Engineering, a holding entity overseeing the shipyards of South Korea’s conglomerate HD Hyundai, said in a stock exchange filing that the deal had been struck at $207m or $51.75m per ship, up from the $49.5m quoted by brokers for similar tonnage the first week in April.

The scrubber-fitted newbuilds will be delivered in 2026, starting in May through August.

READ ALSO  EFCC storms polling units in Edo searching for vote buyers

In related product tanker news, Germany’s Leonhardt & Blumberg has been linked to a pair of scrubber-fitted and methanol-ready 49,500 dwt newbuilds at China’s Guangzhou Shipyard International (GSI) for delivery in 2027. No price has been divulged.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button