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Breaking News : Shell sells Cardissa LNG bunker to Pan Ocean


Netherlands-based energy giant Shell has sold Cardissa, its first LNG bunkering vessel (LNGVB), to South Korean shipping company Pan Ocean.
A sale and leaseback agreement has been signed between Shell and Pan Ocean for Shell-owned-and-operated bunker barge.
Cardissa is an LNG bunker vessel with the capacity to hold around 6,500 cubic meters of LNG. It was built at STX Offshore & Shipbuilding in South Korea and started with operations in 2017.
In 2018, it was part of the first ship-to-ship LNG bunkering at the Port of Rotterdam.

Shell - Pribumis

The vessel delivers fuel from the Gate terminal in Rotterdam and in locations throughout Europe. After Pan Ocean takes over, it will reportedly continue to operate in North-West Europe.
With this agreement, Pan Ocean continues to develop and expand its LNG bunkering business and small-scale LNG service.
Recently, the South Korean company has signed a charted deal with Shell for an LNG bunkering vessel. This contract will start in May 2023 and has a firm period and two extension options for a total of eight years.

File:PAN OCEAN CI-01.jpg - Wikimedia Commons

The deal also includes an option for an additional LNG carrier new build that would be chartered by Shell.
Source: Offshore-Energy

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