Singapore-listed Pan Ocean Co. Ltd placed an order today with an undisclosed shipyard for two new Capesize bulk carriers for a total consideration of KRW 57.4 billion (USD $56 million) each.
The purpose of the investment, according to the exchange filing, is “in order to secure vessels for cargo contracts.”
The vessels are scheduled to be delivered by November 2016.
Join the 64,524 members that receive our newsletter.
Have a news tip? Let us know.
by David Shepardson (Reuters) – The U.S. Senate Commerce Committee will consider President-elect Joe Biden’s nomination of Rhode Island Governor Gina Raimondo to head the Commerce Department in a hearing...
By Ellen Francis (Reuters) – Interpol has issued red notices for the captain and owner of the ship that carried the chemicals which devastated Beirut in an explosion in August, killing 200...
By Chen Aizhu (Reuters) – China has issued 5 million tonnes of clean marine fuel export quotas in the first release for 2021, to five companies including a private refiner,...
