South Korea’s Pan Ocean said it has signed a time charter deal for two new LNG carriers with a unit of energy giant Shell.
The shipping firm said in a stock exchange filing on Wednesday it entered the deal worth about $319 million with Shell Tankers (Singapore).
The contract would start from October 2024 and includes a firm duration period of seven years, Pan Ocean said.
In addition, Shell has two extension options for a total contract duration of 13 years, the firm said.
Pan Ocean did not reveal any additional information but Shell said in a separate statement on Wednesday these two carriers are part of a deal for six vessels the firm chartered from three owners.
Most recently, the duo signed a sale and leaseback agreement for the Cardissa LNG bunkering vessel.