Pan Ocean has confirmed that it is set to order five open hatch wood pulp carriers on the back of a long-term charter contract.
The South Korean shipowner said the newbuildings would cost a total of KRW 165.5bn ($146m), but gave few other details.
Separately, Pan Ocean said it had secured 15-year consecutive voyage contracts (CVC) deal with Brazilian forestry company Fibria worth around $636m.
The
