Pan Ocean Moves to Expand Tanker Ops as Korea’s SK Exits Wet Tankers
The tanker market continues to consolidate as Pan Ocean reported it has agreed to pay approximately $668 million to acquire the tanker segment of SK Shipping. Tankers had provided the historic starting point for SK Shipping in 1982 and continue to be a stable long-term business with strong contracts. Pan Ocean reports it will acquire the segment, which consists of 10 VLCCs. The delivery of the last of the vessels is currently scheduled to be not later than April 2027....
Continue Reading...
Loading More news