Intra-Asia services suffering as smaller box ships are diverted to long-haul trades
The cascading of smaller box ships to more-lucrative long-haul lanes has created a shortage of ...
Source Daehan Shipbuilding
Pan Ocean ordered two 1,000 teu ships from Daehan Shipbuilding on Friday, with options for two more vessels.
The newbuilding price was not disclosed, but VesselsValue indicates that similar ships are now worth approximately $40m.
Pan Ocean is South Korea’s largest dry bulk carrier owner, but is also active in container and tanker shipping.
Recently, it expanded its container shipping operations, in line with the firming market. In this segment, Pan Ocean is ranked 65th among liner operators, with a modest capacity of ...
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