The contract will start from May 2023 and includes two extension options. The total duration of the contract is up to 8 years, subject to Shell’s decision on the extension options.
As at 10.02 am, shares in Pan Ocean are trading flat at $5.50.
Pan Ocean Co has entered into a time charter contract for a liquified natural gas (LNG) bunkering vessel with Shell NA LNG on April 9 for estimated total sales of approximately US$55 million ($73.63 million).
SEE:Yangzijiang, Raffles Medical, TEE International, Sembcorp, SembMarine, Singapore eDevelopment, Low Keng Huat, China Everbright Water, Noel Gift, Pan Ocean Co.
