Chief executive Kathleen Eisbrenner tells TradeWinds that Pangeais on track to placing an order at the South Korean shipyard by theend of this year or even sooner.

“We will be transitioning into FEED (front-end engineering anddesign) this month with the full support of our partners,” she saidin a brief interview Wednesday.

While Eisbrenner declined to discuss pricing, market sources saythe three-million-tonne-per-annum (mtpa) unit will probably costbetween $2 and $4bn.

Observers