Singapore: Pankaj Khanna led Pioneer Marine has appointed V.Ships for the technical management of its entire fleet.
V.Ships said that Pioneer had initially contracted three vessels to the manager in August 2014, and the new deal will see them take in the entire fleet made up of 13 handysize and handymax bulkers with an additional 12 to come, currently under construction in China.
Pankaj Khanna, Pioneer Marine’s CEO, commented: “From early beginnings less than a year ago, Pioneer and V.Ships India have rapidly developed a trusted relationship which has seen V.Ships assume the full third party management of our entire fleet of vessels. This significant development has given V.Ships the opportunity to handle day to day management of the fleet, resulting in reduced costs and improved operational performance for Pioneer.”
Pioneer Marine was established in Singapore 2013 and has built up its fleet to 13 vessels within six months of inception.