prem putli mercator bulk carrier

Pan Ocean Orders Capes

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June 24, 2014

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.

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