AsiaContracts and TendersVessels

Pan Ocean charters two LNG carriers to Shell

By LNG Prime Staff
Pan Ocean charters two LNG carriers to Shell

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.

Shell and Pan Ocean have signed several charter deals in the last 12 months including LNG carriers and one bunkering vessel.

Most recently, the duo signed a sale and leaseback agreement for the Cardissa LNG bunkering vessel.

Most Popular

LNG Terminals

US FERC issues final SEIS for Commonwealth LNG’s project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for Commonwealth LNG's proposed LNG export plant in Louisiana. The regulator concluded that National Ambient Air Quality Standards (NAAQS) exceedances for 1-hour NO2 may be significant.
LNG as Fuel

Pilot, Seapath secure final permits for Galveston LNG bunkering facility

Pilot LNG and Libra Group’s maritime unit Seapath have received final construction permits for their planned LNG bunkering facility in Galveston, Texas. The partners plan to take a final investment decision on the project in mid-2025.
Contracts and Tenders

TotalEnergies seals Ksi Lisims LNG deal

French energy giant TotalEnergies has signed a 20-year deal with Ksi Lisims LNG to buy LNG from the latter's planned export project in Canada. In addition, TotalEnergies will acquire a 5 percent stake in Houston-based Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project.

More News Like This

Corporate

Shell shareholders re-elect CEO Wael Sawan

Wael Sawan will continue to lead London-based LNG giant Shell following shareholder voting at the company's annual general meeting on Tuesday.
LNG as Fuel

Singapore’s FueLNG wraps up 400th STS bunkering operation

Singapore’s FueLNG, a joint venture consisting of Shell and Seatrium, has completed its 400th ship-to-ship (STS) LNG bunkering operation. FuelLNG delivered LNG to BYD Shenzen, which is said to be the world’s largest LNG-fueled car carrier.
LNG Terminals

Peru LNG terminal shipped three cargoes in April

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped three liquefied natural gas cargoes in April due to restrictions on the transportation system, according to operator Hunt Oil.
LNG Terminals

CFO: Shell on track to ship first LNG Canada cargo in middle of 2025

LNG giant Shell remains on track to deliver the first liquefied natural gas cargo from its LNG Canada export terminal in Kitimat in the middle of this year, according to Shell's finance chief, Sinead Gorman.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA