Pan Ocean Signs Long-Term Crude Oil Transport Contract with SK Energy (10 VLCCs)
Subsidiary Pan Ocean enters long-term crude oil maritime transport contract with SK Energy and SK Incheon Petrochem
Deploys 10 Very Large Crude Carriers (VLCCs), contract period from May 29, 2026 to April 28, 2030
Contract value undetermined but conservatively estimated at over 2.5% of recent consolidated revenue (KRW 5.43 trillion), meeting mandatory disclosure threshold
This contract is a cargo transport agreement succession linked to the February 11, 2026 disclosure on acquisition of tangible assets (10 vessels)
Corrective disclosure to be filed once contract value is finalized (within the retention period ending July 31, 2026)
KOSDAQ Filing Information
Filing: Conclusion of Single Sales/Supply Contract (Major Management Matters of Subsidiary)