petroleum products, petrochemicals, and vegetable oil that satisfy stricter international regulations on oil transportation based on accumulated knowhow in marine transportation service.
Our tanker service demonstrates on-time delivery of crude oils, petroleum products, petrochemicals, and palm oils. By operating the largest owned fleet of MR tankers and building a solid partnership with global leading oil majors and traders including EXXON MOBIL, SHELL, and BP, Pan Ocean has fortified its presence as Korea’s leading tanker service provider. Chemical tanker service safely transports petrochemicals such as benzene, toluene, xylene, base oil, and caustic soda in the routes of Middle East to Asia, and Far East to Southeast Asia.
Our tanker business has solidified its position in the global market by stably operating a diverse fleet comprising VLCCs, MRs, and chemical tankers. To further enhance our fleet competitiveness, we successfully took delivery of one newbuild MR tanker in January 2026 and are scheduled to receive three additional MRs later this year. Concurrently, we are in the process of acquiring 10 secondhand VLCCs. In 2027, we will sequentially take delivery of two more newbuild MRs and two newbuild VLCCs, thereby further elevating our status as a premier global shipping company.
Service routes are also being expanded to U.S West Coast and South America beyond the Middle East, Asia, and Oceania. Major customers in the tanker service include global oil majors such as SHELL, BP, EXXON MOBIL, CHEVRON, and TOTAL and renowned oil traders such as VITOL, TRAFIGURA, and MERCURIA as well as Korean refiners S-OIL and SK Energy and food majors such as NONGSHIM, OTTOGI, SAMYANG CORPORATION, CJ, and LOTTE GROUP. We are making efforts to expand long-term contracts with them based on trust and partnership.