Pan Ocean orders kamsarmax pair at CSSC Chengxi

Pan Ocean orders kamsarmax pair at CSSC Chengxi

South Korean shipping group Pan Ocean has placed an order at Chinese state-run yard CSSC Chengxi for two 85,000 dwt kamsarmax bulk carriers.

According to shipbroking sources, the two wide beam vessels are scheduled for delivery in 2021 and price for the each vessel is $29m.

In the past few years, more South Korean owners have opted to construct newbuildings at Chinese yards. Pan Ocean currently 16 newbuildings on order, including 14 bulkers, at Chinese yards New Times Shipbuilding and Yangzijiang.

Both Korean Line and Sinokor have a series of newbuildings under construction at CSSC Chengxi.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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