Pan Ocean keeps VLCC push rolling

AI Summary

South Korean company Pan Ocean continues expanding its crude tanker fleet by ordering two more VLCC newbuildings, reinforcing its growing presence in the supertanker market. This move underscores Pan Ocean's strategic fleet reshaping in the global maritime industry.

South Korean owner Pan Ocean has moved again in the VLCC newbuilding market, adding two more supertankers to its growing crude tanker pipeline. The Harim Group-controlled company has lined up a fresh pair of VLCC newbuildings, extending a run of crude tanker investments that has quickly reshaped its fleet profile. The latest ships follow Pan …