AsiaVessels

Pan Ocean, Shell take delivery of LNG carrier in South Korea

By LNG Prime Staff
Pan Ocean, Shell take delivery of new LNG carrier in South Korea
Image: Pan Ocean

South Korea’s HD Hyundai Heavy Industries has delivered one 174,000-cbm LNG carrier to compatriot shipowner Pan Ocean and charterer Shell.

The vessel in question is the 174,000-cbm New Brave, according to a statement by PanOcean released on Monday.

New Brave and its sister vessel New Nature were named during a ceremony at the yard in Ulsan on July 25.

Pan Ocean expects to take delivery of New Nature in September.

These two 299 meters long and 46.4 meters wide vessels will serve a charter contract signed with Shell in 2020.

In addition, Pan Ocean said that two more LNG carriers, which were chartered to Shell back in 2021, are scheduled to be delivered within the year.

Last year, Pan Ocean and Shell also took delivery of a new LNG bunkering vessel with a capacity of 18,000 cbm which Shell deployed in the Americas under a charter deal.

South Korea’s Hyundai Mipo built New Frontier 2.

Pan Ocean, which is primarily a bulk cargo transportation business, is building a fleet of LNG carriers.

Last year, the company took delivery of 174,000-cbm LNG carrier, New Apex, from Samsung Heavy and this vessel serves a charter deal with Portugal’s Galp.

PanOcean said at the time this LNG carrier is the first of ten vessels that the company had chartered in the last two years.

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