Pan Ocean bulks up with Qingdao Beihai newcastlemaxes

South Korea’s Pan Ocean has expanded its newbuilding programme by exercising options for two additional newcastlemax bulk carriers at Qingdao Beihai Shipbuilding. The Harim Group-controlled shipowner confirmed in a filing that the additional vessels will cost about KRW228bn in total, or roughly $77m per ship. The latest deal follows an initial order for two 211,000 …

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