Shipping Firm, Korea Line Corporation (KLC), part of Samra Midas Group, has signed a time charter contract for two LNG carriers with Shell Tankers (Singapore) Limited.
The company in a Stock Exchange filing explained that the deal is worth KRW 358.2 billion (about USD 307.3 million), adding that Korea Line’s two LNG carriers will work for Shell Tankers during a charter period of seven years starting August 31, 2022.
The charter can be extended to up to 17 years if Shell Tankers exercises a contract option for up to two additional LNG tankers, the company added.
The two LNG carriers are yet to be ordered, Yonhap News Agency cited Korea Line manager Park Jun-sang as saying. He didn’t share any additional details.
Korea Line has a fleet of more than 30 vessels comprising bulkers, tankers, LNG carriers and PCTC ships.
—-World Maritime News
