Pioneer Marine offloads Japanese handysize

Pioneer Marine offloads Japanese handysize

Athens based handy specialist Pioneer Marine has revealed the sale of 2006-built handysize bulker Fortune Bay.

The company said it agreed a deal late last month for the Shin Kochi-built vessel with an unrelated third party, on a charter free basis. The vessel is scheduled to be delivered to its new owners during the first quarter of 2020.

A price for the transaction was not revealed, however VesselsValue lists a sale price of $6.5m to Vietnamese buyers making Haiphong-based Tan Binh a likely candidate. Tan Binh owns a fleet of 18 vessels consisting predominantly of Japanese-built handies.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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