en.Wedoany.com Reported - South Korea's Pan Ocean has awarded two new VLCC newbuilding orders to Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC).

The owner, controlled by the Harim Group, has arranged for two ammonia-ready VLCCs, scheduled for delivery in September 2030, with market sources indicating a price of approximately $122 million per vessel.

Pan Ocean's stock exchange disclosure did not specify the exact shipyard, but earlier reports linked these two vessels to Qingdao Beihai Shipbuilding. The Chinese shipyard has now confirmed that it has signed a construction contract with China Shipbuilding Trading and Pan Ocean for two VLCCs of 319,000 deadweight tons each.

These two vessels follow a single VLCC of the same type ordered by the Korean owner at Qingdao Beihai Shipbuilding in March, bringing its VLCC orderbook at the shipyard to three vessels.

Measuring 339.5 meters in length, these ships will comply with Tier III and EEDI Phase 3 requirements and are designed for the future installation of two 6,000-cubic-meter ammonia fuel tanks.

Currently, Pan Ocean has ordered at least seven vessels at Qingdao Beihai Shipbuilding, including four newcastlemax bulk carriers of 210,000 deadweight tons each. Additionally, the owner has placed a series of VLCC newbuilding orders at its domestic shipyard, Hanwha Ocean.