Pioneer Marine ends commercial management agreement with BaltNav

Pioneer Marine ends commercial management agreement with BaltNav

Handysize dry bulk specialist Pioneer Marine has reached a mutual agreement with Danish operator BaltNav to cease their cooperation, the company said in its latest quarterly financial report.

Pioneer’s commercial management will be undertaken in house, and the transition is expected to be completed by June 2018.

The termination of the contract comes only months after Pioneer handed commercial operation of the vessels to BaltNav in October 2017.

Additionally, Pioneer Marine confirmed an acquisition of three 37,000 dwt bulk carriers from Cyprus owner Interorient Navigation, with delivery scheduled in June.

Pioneer Marine currently operates a fleet of 16 bulkers with another newbuild under construction at Taizhou Sanfu Shipbuilding.

 

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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