AsiaTankers

Pan Ocean sells two product tankers 

Photo of Sam Chambers Sam ChambersSeptember 18, 2023
818 Less than a minute

India’s Great Eastern Shipping has bought an MR2 tanker from South Korea’s Pan Ocean.

The 2008-built, 46,197 dwt Grand Ace8 cost $23.8m and takes Great Eastern’s mixed fleet to a total of 43 vessels aggregating 3.38m dwt.

Brokers report that Pan Ocean has also offloaded the two-years-older sister vessel Grand Ace1 for $19m to undisclosed buyers, potentially building its coffers as one of the finalists in the bidding war to take over HMM which is being sold by state creditors in South Korea.

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Photo of Sam Chambers Sam ChambersSeptember 18, 2023
818 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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