Pan Ocean lands $110m Trafigura VLCC charter

AI Summary

South Korea’s Pan Ocean has chartered a very large crude carrier to Trafigura Maritime Logistics for three years in a contract valued at about $109.6 million. The vessel is due to begin service on December 1 and remain chartered until at least December 1, 2029, with Trafigura holding an extension option.

South Korea’s Pan Ocean has fixed a VLCC to Trafigura Maritime Logistics for three years in a deal worth KRW148.18bn ($109.6m). The Harim-controlled owner disclosed the charter in a stock exchange filing, saying the vessel will start work on December 1 and remain with Trafigura until at least December 1, 2029. Trafigura has an option …